Until your home loan is sanctioned, some silly mistakes on your part before making the first move can derail the most important goal of your life.
In an online chat with readers January 24, Rajeev Mahajan of Antworks answered queries on personal loans and peer to peer lending.
This central registry will help banks, financial institutions and non-banking finance companies get mortgage details of consumers before issuing loans against property. The personal loan score will provide details on the likelihood of customers becoming 91 days delinquent on a personal or consumer loan over the next 12 months. It will range between 300-900, indicating the levels of default. A home loan repository and a fraud repository will also be launched soon.
Gifts for loved ones, spending on yourself on impulse buying on EMIs and credit cards can leave your financial health completely stressed by the end of the year, says Harshala Chandorkar, Senior Vice President -- Consumer Relations, CIBIL
If you do not overspend, we advise you to get yourself a credit card. It will open up a whole new world of benefits.
Before taking the plunge and being a co-applicant, make sure that you are aware of the rights and responsibilities that come with it!
'The last year's growth is a foretaste of things to come in the retail credit market.'
A bad Cibil credit score can limit your borrowing options; however there are few other options which you can explore for credit.
Lenders have lined up a number of home loan products that can fit every aspirant's annual income.
Now that you have clicked on this sensational headline do read what follows. It will not make you a millionaire in 15 days but lays a solid foundation for you becoming one.
Somewhere in Cakewalk's forced enigma and clumsily written dialogues hides a slice-of-life about closure and grace, feels Sukanya Verma.
Lenders have lined up a number of home loan products that can fit every aspirant's annual income.
In the June quarter of FY24, 51 per cent of consumers who took small-ticket personal loans already had more than four credit products at the time of accessing yet another new loan, compared with just 17 per cent in the June quarter of FY20, points out Tamal Bandyopadhyay.
If you have recently been laid off or are worried that your neck may be in the line, it is natural to be worried about your finances. But worrying, as you know, will not get you anywhere. Here are some tips about what you can do to keep the boat from rocking and keep your CIBIL score intact while doing so.
Follow these 6 Cs of building good credit and your lender will never disappoint you!
Duly paying your education loan installments on time, each month, is the best thing that could be done to maintain a good CIBIL TransUnion Score.
If your loan was rejected because you had just 'settled' your outstanding dues and not 'closed' it altogether, then here's how you can get this loan approved.
Want to spend more this festive season on your credit card? This is what it takes...
Following are certain important things that lenders consider while processing loans to self-employed...
Stop indulging in these before it derails your financial future
Swiping your credit card to take that dream vacation? Beware, says Harshala Chandorkar, Senior Vice President -- Consumer Services and Communications!
A critical factor that can ensure easier and hassle-free access to home loans is keeping a watchful eye on your Credit Information Bureau India Ltd (CIBIL) Report and CIBIL TransUnion Score.
The more you know about using a new credit card, the more you reap!
Understand the finer points before signing on the dotted line as a guarantor
Managing your own money is empowering. And if you haven't started yet, now is the perfect time!
Gandhiji inspired the nation to believe in their dream. He continues to be an inspiration to each one of us by making us believe in our dreams. Make that home loan work for you and don't give up till you sign on the dotted line for owning your dream home.
Follow these if you want to enjoy credit happiness and easy access to finance in the New Year by maintaining a healthy credit report and high credit score
Most borrowers of loans against property pin hopes on future cash flows from their business, but in case of failure to repay the loan, the lender can repossess the property and sell it.
The sector seems set for a rally that may be somewhat temporary.
Here are the many pros and some cons of going for such an arrangement
Make your 'dream-home' dream come true
Wondering what's the connection? Here goes...
'Usually, customers who don't get loans from banks approach NBFCs.' 'This is one reason NBFCs price their loans costlier than PSBs or private banks.' 'NBFCs will have higher delinquencies levels than private banks for most products.'
Before opting for a joint home loan with your parents or spouse you must first understand the implications of this loan.
Life hacks to get your financial situation under control
If allowed to go unchecked, this addiction can wreck you financially as well as emotionally.
The regulator is also planning to widen the ambit of 'deemed fraudulent activities'.
CIBIL's new scoring system to rate borrowers keeping in mind the current trends and changes in the consumer profiles and credit data
While you can always correct them, the sooner you do it the better it is for you, says Sanjay Kumar Singh
You would find NBFCs more willing to lend even if you have a poor credit score, says Adhil Shetty
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