Savings accounts are deposit accounts fixed at a specific rate of interest offered by a bank or other financial institution. In spite of their moderately high interest rates, these accounts are safe, reliable, and an excellent way to save up a certain amount of money if needed for short-term needs. There are various types of …
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Credit Information Bureau India Limited or CIBIL quantifies the financial data of the individuals, collected from various banks and non-banking institutions in a three-digit number ranging from 300 to 900, where 900 is considered as the highest CIBIL score. For cibil score calculation , the credit agency analyses the financial record of the past six …
The previous system of acceptance or rejection of application of loan was a biased one and based on the determination of individual judgment. The borrower used to visit the bank branch, and the request for the loan and the lender would provide the loan based on the particular meeting. Thus, there was an error in …
The three-digit numeric, which is calculated by the credit bureaus for all individuals who borrow from a bank or any financial institution, is called a credit score. At regular intervals, the banks and financial institutions submit their data of borrowers and information related to it to these bureaus for the purpose of accurate calculation of …
Without any doubt, having a credit score is essential for the lending process of banks and non-banking institutions. The lending institutions thus check the credit score of the borrower before providing the credit. While having a credit score is essential, it is crucial to demystify all the myths surrounding the credit score. It is one …
A credit score is something which plays a very important role. The banks and the lenders check the judge with a flick of a minute whether the person is competent for a loan or not. There are many hidden facts about this score. No matter how careful you are, there are some forms of errors …
Are you planning to take a loan? Many times people struggle when it comes to taking a loan. What can be the reason? The score. Yes, it is the cibil score. Learn more and get to know about your cibil score. There are different cibil score ranges, and they vary. People need to accelerate and …
A CIBIL report is a detailed breakdown report of any individual’s credit history prepared by the CIBIL. The Credit bureau collects all financial information about individuals and creates credit reports based on the received data, and lenders use the reports along with other details to determine loan applicants’ creditworthiness. Read your Cibil report carefully. Credit …
A credit score is a significant three-digit number that talks about our financial health. It is essential for an individual to maintain a good credit score because firstly it is the eligibility check for loans. A high credit score gives you the ticket to be eligible for getting loans and credit cards. A good credit score …
Marriage is not always about promises and celebrations. Indeed it is also about maintaining a planned and well-resourced life. This, however, is possible only when the finances of both the individuals are collaborated and managed in a good way. Newly wedded couples often plan their future endeavours for a well-led life; this, however, requires adequate …
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