Sacrifice these common misconceptions to improve your credit score this Eid
Just avoid these credit card mistakes and live your second innings in style, says Rajiv Raj
Stop indulging in these before it derails your financial future
CIBIL provides credit information about individual customer and business entities that helps banks in taking decision on sanctioning credit to any customer.
If you want to keep your CIBIL Score alive and kicking (healthy) make sure you steer clear from the above mentioned common credit score killers.
Lenders get a clear idea about your financial health, risk profile and personality trait
Harshala Chandorkar of CIBIL answered your credit score related queries in an online chat, February 3.
The country's largest lender State Bank of India on Monday said it has reduced interest rates on home loans by up to 10 basis points (bps) and is offering loans starting from 6.70 per cent rate. The new rates are based on loan amount and CIBIL score of the borrower, and are available till March 31, 2021, according to a statement. The bank said the home loan interest rates will start from 6.70 per cent for loans up to Rs 75 lakh and 6.75 per cent for loans in the range of Rs 75 lakh-Rs 5 crore.
Rajiv Raj tells you why a store credit card is not a good idea, even though you are tempted with extra 'savings' of 10 per cent on your purchase or a 5 per cent cash back or a 'sign on bonus'.
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.
Harshala Chandorkar of CIBIL answered queries on how borrowers can get errors in their credit reports rectified
Personal loans have about 80 per cent share in exposures restructured under regulatory package 2.0 by eight banks who have declared results for the second quarter. The remaining 20 per cent are loans to individuals used for business and credit to MSMEs. The total recast exposure of these banks under One Time Restructuring (OTR 2.0) was Rs 27,708 crore.
Let not the smartness be confined only to your phone... Transfer it to borrowing too! Here's how
'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.'
Harshala Chandorkar of CIBIL will answer your queries on how to read a credit report between 3 pm and 4 pm on Monday, August 19.
Credit Information Bureau India Limited has entered into an agreement with 31 leading micro finance institutions to set up a credit information bureau for MFIs.
Here are four ways to keep your credit score in the green
A credit report is an accumulation of all your loan accounts, loan repayment history, and delinquencies, if any.
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
Before opting for a joint home loan with your parents or spouse you must first understand the implications of this loan.
The Indian banking system's latest record on wilful defaulters shows Rs 62,970 crore, or around 10 per cent increase, in the additional amount outstanding since the pandemic began. The total outstanding amount increased to Rs 6.85 trillion in June from Rs 6.22 trillion in December 2019, shows a Business Standard analysis of numbers from the TransUnion CIBIL database. India recorded its first case of Covid-19 in January 2020.The amount outstanding to wilful defaulters had touched a post-pandemic peak of Rs.7.6 trillion in December 2020 (or Rs 1.4 trillion more than pre-pandemic levels).
A mortgage is a great responsibility that you must bear on able shoulders for a long period of time. If you already have a mortgage or are planning to avail of one soon, you are obviously confident of your finances, but a few tips to save money on your home loan couldn't hurt, right? Read on to find out more!
Cases across the country against defaulters who owe over Rs 1 crore each, reveal CIBIL data.
It all begins with a little overspending on the credit card, and before you know it, you find yourself being sucked into a debt trap. You may think you have a debt pay off plan, but think again!
A six-point checklist to follow when lenders reject your home loan application.
These myths can cost you a bomb!
Besides a good CIBIL score, lenders also look at the applicant's ability to pay off the additional debt burden. This is where Yash had a problem.
Wondering what's the connection? Here goes...
You may think that teenagers and credit cards are a recipe for disaster but before you dismiss the idea give it a second thought.
Harshala Chandorkar, Senior Vice President -- Consumer Relations, Communication & CIC Compliance Credit Information Bureau (India) Limited will answer questions related to your home loans and CIBIL Credit Score on Monday, August 5 between 3 pm and 4 pm.
In an online chat with readers, Harshala Chandorkar of CIBIL answered their queries on education loans.
Some leading private and foreign banks in the country have started checking scores of credit information companies such as Credit Information Bureau Ltd as part of their pre-employment screening process.
Sometimes being a good borrower and repaying your loans before time can also lead to a drop in your credit score
Join Rajiv Raj of Credit Vidya on how you can get good CIBIL score and home loan rates at 4.30 on Rediff ZaraBol.
While you can always correct them, the sooner you do it the better it is for you, says Sanjay Kumar Singh
CIBIL's new scoring system to rate borrowers keeping in mind the current trends and changes in the consumer profiles and credit data
Loan defaults are not the only reason why you get a low credit score. Rajiv Raj of CreditVidya.com debunks five popular credit score-myths.
Your social media profile may soon be your ticket to a loan or a credit card, says Abhishek Agarwal
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