There can be as many as six co-applicants in a joint loan.
The difference between Cibil and other marketplaces is that in the case of the latter the credit report is accessed after the customer clicks the loan offer, while in the case of Cibil the customer first checks the credit score and then applies for the loan.
You can build your credit score and get tax benefit, but defaulting will make life difficult.
'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.'
A car that gives you a better resale value will reduce the cost of your next purchase, points out Bindisha Sarang.
Do not game the system to run away from repaying the money you owe to the credit card company.
If your total EMI payments exceed 35-40 per cent of your monthly income, use these strategies to avoid a Squid Game like debt trap, suggests Bindisha Sarang.
While you can always correct them, the sooner you do it the better it is for you, says Sanjay Kumar Singh
You can gift your sister a Women Special Credit Card, which is not only loaded with exciting rewards for women, but they are also your sister's first step towards a better credit management.
Here's why these Harry Potter characters will have the best or worst credit scores.
There are organisations who help individuals to improve their credit health.
Wondering what's the connection? Here goes...
Banks and insurers are beginning to reward customers who show exemplary conduct with lower prices and penalise those who behave poorly by imposing higher costs.
Whether it is a home loan, a personal loan or a credit card, lenders are increasingly relying on credit scores to determine credit approvals and offer better rates.
Here's a quick glimpse into what goes into the making of a person's CIBIL TransUnion Score
Find out how banks and lending institutions decide if you are worth their money based on your CIBIL TransUnion Score and Credit Information Report.
As education loans are given on a floating-rate basis (and not fixed), one needs to account for probable spikes in the EMI while choosing the loan tenure. Loans are available for up to 15 years, which could lower your EMI and ease your repayment burden, advises Mohan Jayaraman.
As you ring in the New Year, here's a list of the 10 most important financial resolutions to get your money train back on track.
Experts say this is a good time to buy a house for self-use, points out Sanjay Kumar Singh.
You would find NBFCs more willing to lend even if you have a poor credit score, says Adhil Shetty
Don't opt for the moratorium unless critical, advises Charlie Lee, founder and CEO, True Balance.
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.
Although such alerts are not compulsory for the banks, this may become the norm now if payments are missed even for a day.
Before opting for a joint loan with your parents or spouse (after all, anybody who you love is your Valentine) you must first understand the implications of this loan.
Partial credit card payments, high credit card debt and defaults on previous loans make lenders charge you more on home loans.
Lenders now use your phone data, utility bill payment records and other non-traditional parameters to determine if you are creditworthy.
Did you know that credit cards can in fact help you to improve and build your credit score if used responsibly and wisely!
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
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
You may forget about your mistakes but CIBIL keeps an eye and maintains a record of each and every transaction right from your first credit card!
Being a guarantor for a freinds loan can cost you a dear.
Those who have been handed the pink slip shouldn't make too many loan queries, advises Raj Khosla.
A couple's finances may not always be a match made in heaven. Find out when to say "I Do".
Also build a contingency fund equal to 9 to 12 months of expenses.
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.
The last few months have been hard on digital wallets which had a short-lived dream run post-demonetisation.
While you go about it, please note that if it is difficult for you to keep your spending habit in check, all the benefits of getting a credit card limit increase will be pointless.
If you are planning to buy a house in the near future, make sure you start exploring pre-conditions you will need to satisfy to apply for home loan and be prepared about the same.
Your credit card can be the single most important factor in improving and increasing your credit score. On the other hand it can also plummet your score to dark depths if you are not careful. Think smart and use your credit cards to your advantage.
How to use the credit card is more important that the credit limit of the cards or how many you possess.
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