Securing a home loan is a significant step towards making your dreams of homeownership come true. However, it is not merely about signing the paperwork and moving into your new abode. Establishing a strong and positive relationship with your home loan provider can make a world of difference in your financial journey. In this article, …
We often come across terms as Credit Score, Credit Rating and Credit Report, but are they all the same or is there any difference? Let’s have a brief information about them. The Credit Score A credit score in layman terms is a statistical number that evaluates a consumer’s credit worthiness and is based on their …
A home is everyone’s dream and to own a home it takes years to plan and get into a position where you can think of borrowing money from Bank/NBFC or friends and relatives.When you think to borrow a loan from a financial institution, there are lot of factors that determine your eligibility for the amount …
We all are very well aware of the fact that to borrow a loan from a Bank/ Nbfc or any other financial institution there are certain rules that has to be followed by everyone. Even the lenders have certain policies which they cannot abide, not even for a small amount. Checking a credit score is …
Life is long journey and there can be a need of funds at any point of time. Funds can be generated through various ways. Borrowing a loan from a Bank/ NBFC is safest among all. Buying a house or mortgaging an asset for the arrangement of funds for any reason. To spend for the fulfilment …
For processing any type of loan the most pivotal information which any Bank or NBFC seeks is the credit information report of the customer, these reports are being fetched from the credit bureaus. A credit bureau is a company that collects and maintains individual credit information and sells it to lenders, creditors, and consumers in the form of …
It is difficult to get a loan with a low credit score . Most banks look for a minimum score of 750 when deciding whether to approve of a loan application. Similarly, if you apply for a credit card with a 650 score, you have a much smaller chance of being approved. Even if you are approved with this …