Tag: credit score

cibil score

Understanding CIBIL Score Ranges: A Comprehensive Guide

CRIF Highmark, Experian, Equifax and TransUnion CIBIL are four credit information agencies recognized by the Reserve Bank of India. These agencies collect information from banks, financial institutions and commercial lenders on credit users and use this information to ascertain their creditworthiness and repayment capacity. Based on their judgement, they assign each credit user a credit score, a number between 300 and 900 that is indicative … Continue reading Understanding CIBIL Score Ranges: A Comprehensive Guide

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cibil score

Securing Your Future: The CIBIL Score for Home Loan Approval

Homeownership is one of the top life goals for the majority of Indians. A home is not just an asset that is sure to bring great returns in the future but it also brings along with itself a sense of stability and security. Further, over the last few years, with demand exceeding supply, landlords have become quite unpredictable. They increase rent as and when they … Continue reading Securing Your Future: The CIBIL Score for Home Loan Approval

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Loan Against Property

Property Loan Eligibility: A Comprehensive Guide for Homebuyers

Loans against property are a type of secured loan. These are loans that people avail themselves of by pledging a residential or commercial property or land as security. Since the loan is backed by collateral, which the lender can sell for the recovery of the loan money in case of a loan default, the risk for lenders is quite low in the case of these … Continue reading Property Loan Eligibility: A Comprehensive Guide for Homebuyers

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home loan balance transfer

Should you Choose a Home Loan Balance Transfer to Maximise your Savings?

Home loan balance transfer refers to a facility through which the existing balance of a home loan can be transferred to another lender offering a lower interest rate. This can effectively reduce the overall monthly repayments and total payable interest. However, it is not so simple. There are several things to consider before the borrower chooses a loan transfer. This article aims to shed light … Continue reading Should you Choose a Home Loan Balance Transfer to Maximise your Savings?

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cibil score

A Comprehensive Guide to Checking Your CIBIL Score Using Your PAN Card

The CIBIL Score is a three-digit number between 300 and 900 that all lenders check before approving a loan application from a borrower. They check the CIBIL score as it gives borrowers an idea about the loan applicant’s creditworthiness and repayment capacity. The CIBIL history is calculated based on five factors: repayment history, credit utilization ratio, age of credit history, credit mix and dependency on … Continue reading A Comprehensive Guide to Checking Your CIBIL Score Using Your PAN Card

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cibil score

Achieving a Good Credit Score: The Key to Financial Success

All credit information agencies assign credit scores to borrowers. The credit score is a three-digit number between 300 and 900 that indicates a borrower’s repayment capacity and creditworthiness. All lenders check a loan applicant’s credit score before deciding on their loan application. Doing so allows lenders to gauge the risk involved in lending money as well as the chances of loan default by the borrower.  … Continue reading Achieving a Good Credit Score: The Key to Financial Success

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cibil score

Why Checking Your CIBIL Score Regularly is a Smart Financial Move

Homebuyers planning to avail themselves of a home loan are advised to maintain job and income stability as well as a high CIBIL score to not only enhance their chances of loan approval but also their negotiating power and therefore, the possibility of being able to avail of a loan on terms and conditions that work best for them. A stable income and job are … Continue reading Why Checking Your CIBIL Score Regularly is a Smart Financial Move

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cibil score

The Ultimate Guide to Home Loans and Your CIBIL Score

Home loans are a type of secured financing. In the case of these types of loans, a borrower avails of a loan against the property they plan to buy with the loan money. Home loans allow borrowers to realize their dream of becoming a homeowner without feeling financially burdened. One pays off these loans in the form of EMIs. Each EMI consists of a principal … Continue reading The Ultimate Guide to Home Loans and Your CIBIL Score

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cibil score

Ways to Check CIBIL Score with PAN Card Number

When it comes to applying for loans or credit cards, your CIBIL score holds significant value as a vital financial indicator reflecting your creditworthiness. It serves as a crucial factor in determining your eligibility and terms of credit. Fortunately, checking your CIBIL score has been made easier through the utilization of your PAN card number. In this article, we will explore this convenient method of … Continue reading Ways to Check CIBIL Score with PAN Card Number

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cibil score

Managing a Bad Credit Score: Tips for Recovery

A bad credit score can have a significant impact on your financial well-being, making it difficult to secure loans, obtain credit cards, or rent an apartment. However, there is good news: you can take steps to recover from a bad credit score. By implementing effective strategies and following proven techniques, you can gradually improve your creditworthiness and pave the way for better financial opportunities. With … Continue reading Managing a Bad Credit Score: Tips for Recovery

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