07. How will a low credit rating affect my application?

All banks will refer to report from Credit Bureau Malaysia (CBM) or RAM Credit Information Sdn Bhd (RAMCI) to get customers CCRIS report which is similar to CTOS. In both the CBM and RAMCI, there is a Credit Default Scoring Assessment which calculates probability of defaulting. However, the score shown does not determine whether the application will get approved because this is just one of its criteria for loan assessment.