Last Updated:February 11, 2025, 17:30 IST The report, along with the CIBIL score will contain full details of your credit history across various lenders and products such as home loans, automobile loans, credit cards, overdraft facilities, and more. CIBIL score helps lender to assess a borrower’s potential. Understanding CIBIL Score: You must have heard about…
Curated By: Business Desk Last Updated: September 08, 2023, 15:30 IST For a CIBIL score between 750-800, the interest is 8.60%. For customers with CIBIL scores in the range of 700-749, SBI is offering a discount of 65 bps and the effective home loan interest rate is 8.7%. As the festive season has begun, the…
Published By: Business Desk Last Updated: September 06, 2023, 07:00 IST A low credit score can make it harder to get loans on advantageous terms in the future. (Representative image) A CIBIL score is essentially a numerical summary of one’s credit history. Financial institutions place great significance on an individual’s credit score when evaluating lending…
Curated By: Business Desk Last Updated: September 04, 2023, 19:12 IST Credit scores have become a vital part of the lending ecosystem. Before applying for loans in India, it’s essential to consider key factors, including credit scores, and the country’s four major credit bureaus play a significant role in evaluating creditworthiness. Applying for a loan,…
Reasons for low CIBIL score, how to improve CIBIL score. It is necessary to keep your CIBIL above 750; below this, it is likely that your loan application will be rejected; Check reasons for low a CIBIL score and how you can improve it How to Improve CIBIL Rating: A good CIBIL score or any other credit score…
Purchasing a house is a significant financial commitment. You must have the necessary funds to buy a house. And because there’s a large sum of money involved, most people’s savings may not be sufficient to buy a home upfront. This is where housing loans come into play. A home loan is a secured loan that…
Curated By: Business Desk Last Updated: August 04, 2023, 11:30 IST When applying for a loan or a credit card, the most common term you will come across is your CIBIL score. The CIBIL score determines whether you are a good candidate for a loan and what interest rate you should be offered. The higher…