Economies today are fuelled by Lending; the RBI (Reserve Bank of India) allows Banks and NBFC to fund further but regulates the cost of funds needed to enhance growth and control inflation. Hence, rising inflation [...]
Strong family ties have always been a part of Indian traditions generations live together and share a home. Living under one roof,supporting each other practically, emotionally, and financially whether a business jointly by the family [...]
Since its inception in 2000, the CIBIL Score has become a crucial part of the economic backbone. Lenders assess an applicant’s CIBIL Score when they get a Personal Loan application. Even when a borrower applies [...]
The terms Settled & Closed are often viewed in a CIBIL account what is the reflection of these terms on the creditworthiness and the CIBIL Score. it is essential to be aware of the impact [...]
The CIBIL Score is the rating given to individual on the basis of the performance of the various credit lines used by the customer; a good credit score will enable the applicant to get easily [...]
Loans are important part of modern day personal finance. Most of us rely on loans for funding our higher education, new car or home etc. Though loans boost our purchasing power, over reliance on debt [...]
Know your customer or commonly known K.Y.C is an important procedure which the bank inculcates for smooth functionalities. As the name suggests K.Y.C enables the bank to know and analyze their customer adequately. This helps [...]
In an earlier blog we covered extensively about the Credit Information Bureau (India) Limited which collects and maintains records of an individual’s payments pertaining to loans and credit cards. Your loan application is heavily [...]