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What is cibil score and how does it work

The Credit Information Bureau (India) Limited is India’s first Credit Information Company (CIC) was founded in August 2000. There has been a huge change in the way credit line is interpreted by both consumers and loan providers. What is CIBIL Score? CIBIL Score is a three numbered summary of your credit history. The score is …

Mistakes to avoid a Personal Loan Rejection

Availing a personal loan is no easy task. A lot of research and time and effort is required to find a lender who can give you the deal you are looking for. One has to compare the offers and plans from different lenders to get the loan at lowest interest rates. For a loan approval, …

Why are Unsecured Loans more Favored

Applying for any loan can be very long and tedious process for any individual. It is because the process is very confusing and dealing with multiple agents is not easy. Also, there are lots of documentation needed. Apart from short term business loans, the most common types of unsecured loan are credit cards, student loans, …

Bacho ka adhaar

After a forceful initiative taken by the government to get an adhaar card for every individual of the country. There are certain procedures to be followed by everyone to enroll for the card. Even the children of the family also have to go through these procedures, though a bit different from the adults, to get …

Fixed rate and floating rate

When taking a loan either from a bank or a NBFC, we have the option to choose between Floating and Fixed rate of Interest for repaying the Loans in Equated Monthly Installments (EMI). So how are these different and which one is more beneficial for us? It is important that we choose wisely for two …

What to do when builder is a defaulter

It is a difficult situation when the consumer has to wait to get the keys of a dream home that has put in their hard earned life-long savings to buy a roof over their head post retirement. The long delay in construction, delivery and false promises made by society/ building developers are a few problems …

CHECKLIST OF DOCUMENTS REQUIRED FOR LOANS

A borrower needs to provide certain set of documents to help the lender (be it a Bank or a NBFC) to know and understand the financial stability of the borrower and analyse the credit risk. Along with that the lender can better know and verify all the details about the applicant such as their age, …

Bank Consideration before loan approval

Gurgaon based Alpana Shah, 35, had been looking for her dream house from a long time. The day she finally found one she didn’t take long to finalize it. The next step towards her dream house was to get a home loan approved. In the current market scenario, where builders are desperate to find buyers …

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