CIBIL score

DTI Ratio Explained: How a high debt-to-income ratio can lead to loan rejection & how to improve

Fri, Oct 11, 2024

Learn about the Debt-to-Income (DTI) Ratio and its impact on loan approval. Understand how a high DTI ratio can lead to loan rejection and discover ways to improve your DTI for better financial health.

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Credit Score Myths: Clear these 5 misconceptions now to avoid financial harm

Fri, Oct 04, 2024

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6 things that are stopping you from achieving 800+ Cibil score

Wed, Aug 14, 2024

A credit score of 800 and over can help you get the best interest rates from lenders. A credit score below 600 can dim your chances of getting a loan, or getting it at a high interest rate. Missing equated monthly instalment (EMI) or the credit card bill can dent your Cibil score. But if you want to avail credit facilities such as a credit or a home loan, it is important to know the key factors that form your Cibil score. 

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CIBIL Score: RBI's 6 CIBIL-related rules that you must know; even credit companies need to inform you before taking these actions

Mon, Aug 12, 2024

If your CIBIL score is good, it helps you in taking a loan and to maintain your good credit score, you must avoid one mistake which is to default on payment. That means, paying EMI on time and never defaulting, otherwise your CIBIL will be badly affected.

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Want 800+ Cibil score to get low-interest rate loan? Follow these 6 time-tested tips from expert

Mon, Aug 12, 2024

6 ways to improve Cibil score comprehensively: A higher utilisation ratio can pose a negative impact on your score. Experts suggest a good utilisation ratio to be under 30 per cent.   

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Comprehensive guide to understanding and improving your CIBIL Score for better credit

Thu, Aug 08, 2024

A CIBIL Score, ranging from 300 to 900, represents an individual's creditworthiness based on their credit history. A higher score improves chances for loan and credit card approvals at favorable terms. We have brought you a comprehensive guide to understanding and improving your CIBIL Score for better credit.

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Need loan to buy your dream super bike? SBI offers loan for it; know interest rate, eligibility and other features

Thu, Jul 25, 2024

With features and flexible options, this scheme caters to a wide range of applicants, ensuring you can hit the road on your dream bike without financial stress. Check eligibility, features, interest rates based on CIBIL score and 5-year monthly EMI details for Super bike loan scheme.

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7 key factors affecting your CIBIL score

Tue, Jul 09, 2024

Understanding the factors that influence your CIBIL score is crucial for maintaining a healthy credit profile. Here are seven important factors to consider:

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RBI has made these 5 rules regarding CIBIL; if you are going to take loan, you must know about them

Mon, Jul 08, 2024

RBI Rules for CIBIL Score: The Reserve Bank was receiving a lot of complaints regarding the credit score. With a lot of complaints piling up, a few months ago, the central bank gave a major update regarding the CIBIL score and make the rules stricter.

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How difference of just 100 points in Cibil score may force you pay Rs 10.41 lakh extra on Rs 50 lakh home loan

Tue, Jun 11, 2024

Most of us have the dream of buying a home. However, homes are expensive, and one relies on home loans to fulfil their dream. Lenders check an applicant's Cibil score before extending the loan offer.

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A Bounced Cheque Lowers Your Credit Score: 5 credit score myths you shouldn't believe at all

Wed, May 29, 2024

Credit Score Myths: When you apply for a loan, your credit score is one of the first things checked. Also known as the CIBIL score, this number ranges from 300 to 900 and reflects your creditworthiness.

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Will I be denied loan because of poor Cibil score? Is having no Cibil score good for my financial health? Clear your doubts here about your credit score

Fri, May 17, 2024

A Cibil score of an individual tells about his past credit behaviour. It reveals whether they have been regular in their repayments or if they have been serial offenders. Based on the Cibil score, the lender decides the terms and conditions of the credit facility.

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Will your Cibil score fall if you check it regularly?

Wed, May 15, 2024

Raj Khosla, Founder & MD, MyMoneyMantra.com says having a zero credit means you have never borrowed money from any financial institution. Without a credit history, lenders have no way to get an idea about your creditworthiness. This can make it difficult to get approved for loans or credit cards.

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Credit Card Tips: Should you carry one card for all purposes or different cards for different purposes?

Tue, May 07, 2024

Credit card use provides one with the facility to purchase a thing even if they don't have hard cash at that point in time. They can buy anything by making an entire payment or in instalments. Another important factor that has encouraged people to use credit cards is multiple promotional offers available on them. 

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5 easy ways to boost your Cibil score and its benefits

Thu, May 02, 2024

Your Cibil score is your credit health report card that shows your creditworthiness. Lenders judge your creditworthiness according to your Cibil score. A high Cibil score helps you get loans on favourable conditions and a credit card with a high limit.

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Has your home loan EMI bounced? Do these things to avoid a negative impact on your CIBIL score

Tue, Feb 13, 2024

If you want to maintain a good credit score, you must pay your equated monthly installments (EMIs) of your home loan on time. Skipping even one payment may hurt your credit score and force you to take loans in the future at high rates.

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Struggling with your Cibil score? Try out these 5 tips to improve it

Wed, Jan 24, 2024

Right from taking a credit card to a bank loan, Cibil score is important since the lender knows your creditworthiness and credit health through your Cibil score. Sometimes, due to some financial problem or, at times, due to sheer carelessness, you can miss out on credit payments and damage your Cibil score. A poor Cibil score can deny you a loan altogether or force you to take it at a higher interest rate. In this write-up, learn how you can improve your Cibil score.

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How avoiding these credit card-related habits can improve your Cibil score; read what expert says

Mon, Jan 22, 2024

Credit card use in India has increased many folds in the last decade. Advanced technology, better internet reach, and increased awareness about online lending apps have led to an exponential growth of credit cards in India. But if you fail to pay your credit card bill on time and accumulate debt, your Cibil score will be affected, and you may also fall into the debt trap. Know how you can save yourself from that situation.

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Cibil Score: Need Cibil score of over 750; use these tricks of trade to improve Cibil score

Mon, Dec 04, 2023

Lenders use your creditworthiness through Cibil score. Missing a single credit card payment or EMI can affect your Cibil score and force you to miss a chance of taking a loan at a low interest rate. You need to maintain a Cibil score of 750 and over to improve your chance of getting the best credit facilities from banks or NBFCs. We will tell you 7 mistakes that is spoiling your Cibil score and suggest you ways to take it over 750 points.

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Will my loan application be rejected if I have good salary but minus Cibil score?

Wed, Nov 01, 2023

It is very important to have a good credit score for a loan. The better the Cibil score, the easier it will be to get the loan. But if the Cibil score is in minus, is there no possibility of getting a loan? In such a situation, what is the way to increase it? Know here:

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CIBIL Score: Tips and Tricks to Boost Your Credit Score and Get a Loan Faster

Sun, Oct 01, 2023

Want to improve your credit score and get approved for a loan with a lower interest rate? Here are 5 tips that will help you boost your CIBIL score and achieve your financial goals.

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CIBIL Score: 5 ways to get a good credit score without a credit card

Fri, Sep 15, 2023

Not using a credit card doesn't deter you from getting a good CIBIL score. In such cases, taking a loan or maintaining a report of timely rental payments could help in maintaining a good credit score.

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CIBIL score: I have never taken a loan, can my credit score still be affected?

Fri, Sep 15, 2023

CIBIL score is a three-digit number that indicates your credit history and a summary of how you made repayments for past loans, if any. Your credit score can still be affected if you haven't taken a loan or used a credit card.

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