Home First Finance Company India Limited (HFFC) is a housing finance

company in India that offers home loans, loan against property, and home
construction loans. It was incorporated on February 3, 2010 and is based in
Mumbai, Maharashtra.

HFFC's key details include:

• Authorized share capital: INR 25.00 cr

• Total paid-up capital: INR 17.67 cr
• Equity shares: Listed on Bombay Stock Exchange and National Stock Exchange
• Head office: Mumbai
• Branches: Over 110 branches across 13 states and union territories in India
• Touchpoints: Over 300
• AUM: Over ₹8,000 Cr
HFFC's CEO and Managing Director is Manoj Viswanathan
What is SMA in CIBIL?
SMA full form in CIBIL is Special Mention Accounts.
Special Mention Accounts (SMA) refer to the accounts that show signs of turning into
a non-performing asset in the first 90 days or even before being identified as an NPA.
RBI introduced the SMA classification in 2014 to help identify those accounts that
pose a threat of becoming NPA soon.
There are four types of SMAs.
Let us now look at each SMA and what they mean in detail.
SMA - 0
Principal or interest payment not overdue for more than 30 days but the account
showing signs of incipient stress
SMA - 1
Principal or interest payment overdue between 31-60 days
SMA - 2
Principal or interest payment overdue between 61-90 days
SMA - NF
Non-financial stress indications of an asset

What is NPA?
Loans or advances made by banks or other financial institutions are classified as non-
performing assets (NPAs) if the borrower has missed at least 90 days of principal and
interest payments and the loan is no longer earning money for the lender.

What is The Difference Between SMA and NPA?

When borrowers are unable to pay the interest, their assets for the bank are deemed
"non-performing" because they are not producing any income for the bank. Since
these assets are no longer producing income, the RBI has classified them as NPAs.

Whereas, SMAs are accounts that have the potential to turn in NPAs soon. By early
classification, lenders can take appropriate measures to tackle the problem.

SMA in CIBIL means Special Mention Account. SMA classification is applicable to

every type of loan extended by the lender except agricultural loans based on crop
seasons.

Conclusion
Non-performing Assets cause banks to lose money and RBI has introduced SMAs to
aid lenders in identifying risk-posing accounts. These accounts are SMA in CIBIL.
Lenders can easily segregate the SMAs based on the time period it has been inactive
and take appropriate action.
1) CIBIL Score: Credit score is a three-digit numeric summary of
your credit history, derived by using details found in the ‘Accounts’
and ‘Enquiries’ sections on your CIBIL report, and ranges from 300
to 900. While there is no fixed criteria, generally CIBIL considers a
credit score of above 765 in green zone or where the individual can be
considered as good borrower.
2) Personal Information: This section contains your personal details
such as name, birth date and gender as reported to CIBIL by various
members. Identification type section contains details like your
permanent account number (PAN), passport number, driving licence
number and voter ID information as reported by lenders. It is a
common misunderstanding to think that personal information is not
related to financial information. But, personal information collected
by CIBIL is proof of accurate and genuine information. It helps banks
and financial institutions verify the client’s data with the provided
one. The data collected from previous loan lenders is marked with an
‘e’ to prove its accuracy.
3) Contact Information: Your addresses (home, work, temporary
and permanent), telephone, mobile numbers and email ids as reported
by lenders appear here. The address category also explains whether the
address is a residential address, official address, permanent address or
temporary address. Up to four addresses and email addresses are
provided in this section. This is another proof of the genuine identity
of an individual.
4) Employment Information: Employment information contains
the data of all the jobs and companies a person has worked in. They
check their records at those companies, and how frequently they have
switched jobs. This helps the lender understand the income pattern of
the client. Anyone who changes jobs frequently has a low chance of
getting a loan because of continuous income changes. Monthly or
annual income details as reported by the members (banks and
financial institutions).
5) Account Information: This is one of the most important sections
of a credit report. The section contains details of all your previous and
ongoing loans and credit cards. It also contains information about
how frequently does the person make repayments and if he or she has
missed any dates. The account information also holds the bank
account details of the person. The section comprises of a table with
columns such as the name of the lender, type of credit facility,
account number, type of ownership, the date of opening the account,
the date of last payment, loan amount, outstanding balance, and a
month-on-month record of the last 36 months of payment. In
addition, the days past due (DPD), i.e., the number of days the
payment on an account is due, will be mentioned. The most
favourable value for this column can be ‘000’ or ‘STD’; all other
values are considered a negative indicator. ‘XXX’ implies that there is
no payment information received for the corresponding months by
CIBIL. Similarly, ‘060’ implies the payment is due by 60 days late.
The possible values can be:
o Standard (STD): For payments made within 90 days.
o Sub-Standard (SUB): For payments made after 90 days.
o Special Mention Account (SMA): A special account to report a
Standard Account moving towards Sub-Standard.
o Doubtful (DBT): The account has remained SUB for 12 months.
o LOSS (LSS): It determines an account where loss is identified but
not recovered.
€ Red Box: Sometimes, you can find a red box placed above the
‘account details’ table (as shown in the sample report below). If there
are disputes associated with the account information, the red box will
appear with the text stating the fields that are under dispute. The box
will be removed once the dispute is closed. There may or may not be
any change in the information based on the lender’s input on the
dispute.
6) Enquiry Information: Enquiry information section includes
information about the recent enquiries made by lenders
corresponding to the credit applications made. Every time you apply
for a credit facility, the lender enquires about your credit history and
this enquiry is recorded. The section includes the lender’s name, type
of loan applied for, size of the loan, and date of application.
Common terms you need to know while analyzing your credit
report
€ DPD (Days Past Due): Days past due means the days that have
passed since the due date for repayment. It is very important to avoid
numbers in this column as it leaves a bad impression. Ideally one
should try to keep it zero.
€ CN (Control Number): A control number is a nine-digit number
that acts as a reference to the credit report. In case a person has any
doubts related to his or her credit report, he or she can consult CIBIL
with this number.
€ Settlement Amount: Sometimes, there are situations when the
lender and the client get in a payment dispute. In such cases, the
lender and the client come up with an agreement to pay a final
amount that is less than the loan amount called the settlement
amount.
€ Written Off Amount: When the client and the lender decide on a
settlement amount, the leftover amount is known as the written off
amount.
€ NPA (Non-Performing Asset): The payments that are pending
over 90 days are termed as NPA.
€ Amount Overdue: This indicates the total amount that has not
been paid to the lender in timely fashion (includes principal and
interest amount).
€ High Credit: This applies to credit cards/ overdrafts and reflects
the highest amount ever billed (including interest and fees) for that
credit card or overdraft.
€ Written Off and Settled Status: If this section is populated, the
lender has either restructured your loan by offering you different
terms (extended the loan tenure or reduced the interest rate etc),
written off this amount or settled at some amount less that what the
lender believes it was owed. The possible values are:
A) Restructured loan B) Restructured loan (government mandated)
C)Written-off (WO) D) Settled E) Post (WO) Settled