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How Does Good & Bad Credit Score Affect Your Credit Profile - (A)

Your credit history tells you about your credit history. It is a mirror of his responsibility for his debts. Your credit history contains the history of your credit, credit cards, and credit accounts. When you opened it, how much money did you take and return on time? Your credit history is a consolidated record of …

Why is Calculating APR Crucial Before Taking a Loan - (A)

What was the first thing you thought about when you asked for a loan from a bank? Most people react to the interest rate! They assume that the bank with the lowest interest rate is your best option. But we are not telling you the whole truth in this communication. There are also other fees …

Repo Rate Funding vs MCLR based Funding by Banks - (A)

The Reserve Bank of India (RBI) introduced the Marginal Borrowing Rate (MCLR) on April 1, 2016, to offset the base rate, which was the benchmark rate for everyone at the time. of commercial banks. However, the banks’ delay in passing on the benefits of low repurchase rates to clients under the MCLR program prompted the …

Legal Documents which Bank-NBFC consider to create a Mortgage-(A)

In order to obtain a mortgage loan, the applicant must present a series of documents related to his KYC, history of the property he wishes to buy, income, etc., depending on the category of the client (employee / self-employed / merchant / NRI). The required documents vary from bank to bank. Below are some lists …

Importance of Repayment Tenure in Loans 1

When you get a loan, you must repay it to the lender within a certain period of time. The repayment includes both principal and interest from a predefined number of monthly payments. Simply put, repaying the loan through a series of scheduled payments, commonly known as EMI, that includes both the principal amount outstanding and …

How can a Credit Builder Loan be a help to increasing your Credit Score -(1)

Trying to get credit can be challenging. This is especially true if you have no credit or bad credit and cannot get credit. Your previous payments history is one of the most important parts of your credit history. Failure to obtain permission to borrow will not allow you to improve your score and show that …

Secured vs Unsecured Loans

While some people go for a cash-only lifestyle, most of us rely on credit to pay for the high cost of living over time. If you’re looking to buy an expensive item like a house or car, start or expand a business, remodel a kitchen, or pay for a college education, you can apply for …

Mistakes to avoid when taking a Personal Loan-(A)

When a financial emergency arises, a personal loan is the most popular option for obtaining money for many. With the increasing demand for this unsecured loan, it is not cheap, unlike other loans. The interest rate is usually higher and it takes a lot of work to get the best deal. Learning from the mistakes …

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