What is a CIBIL score? Your credit score is regulated by Credit Information Bureau India Limited (CIBIL), which has direct jurisdiction over your potential interactions with lenders and financial institutions. Your loan or credit card application will be processed quickly if you have a good credit score, but if youContinue Reading
When applying for a home loan in India, a borrower’s credit score is one of the most important factors determining his/her eligibility and interest rates. Financial institutions can offer discounts of 10 to 100 basis points (bps) to loan applicants with credit scores of 750+, where 1 bps is equalContinue Reading
The credit landscape of India has witnessed consumers’ significant shift towards availing of smaller ticket loans. As per RBI, credit outstanding in the personal loan sector has escalated by 12.1% from FY2020 to FY2021 owing to its quick disbursal of loan amount and less stringent terms. Credit advances like personalContinue Reading
A credit score is a three-digit number that represents your whole credit history. CIBIL scores heavily influence home loan applications. It is a primary factor used by banks to determine whether or not to execute a house loan application. The bank will verify your credit score and history when youContinue Reading