A CIBIL (credit) score is a 3- digit numeric summary that is calculated by credit bureaus to determine your credit- worthiness. It is also considered as one of the most important factors during a personal loan and credit card approvals. CIBIL (Credit Information Bureau, India Limited) is one out of 4 bureaus in India (rest…
A personal loan is an unsecured loan and one of the easiest and quickest loans to avail. Unlike a home loan or an education loan, a personal loan is not specific to any purpose and can be used in various situations to deal with a fund shortage. You can opt for a personal loan if…
Personal loans are the loans that cater to various financial needs of different individuals and can be paid off in easy installments without stress. Known to be an ideal lifeline when a financial crisis hit you, a personal loan helps you to deal with situations like a medical emergency, home renovation, education, relocation and a…
Students these days are not only smart and talented but also have the ability to push themselves beyond the comfort level and do excellently well in every field. Opting for a foreign university for higher education is a very common practice these days and can cost upto Rs. 1 crore and more and requires a…
At some point or other in life, due to different reasons and situations, everyone faces a financial emergency, which you might not be able to deal with your savings. However, with the drastic evolution of the banking sector, taking financial assistance has become extremely convenient for the customers. Gone are the days when taking a…
Loan of any kind is one of the biggest liabilities. You should reduce it as soon as possible. But how can you make it happen? High equated monthly installments (EMIs), low salary hikes, no savings; you must be wondering if you could ever get out of this debt trap? Yes, it is possible. Although there […]
What is a CIBIL score? CIBIL Transunion Score is a 3 digit number which represents your credit history. The credit score is calculated on the basis of your credit report which contains your credit history. The CIBIL score ranges between 300 and 900. High score implies a good credit history. So, closer the score to…
Personal loan can be a great option for your financial emergencies as it does not need any collateral and comes with easy formalities. Though infamous for being an expensive borrowing, personal loan, when managed smartly, can contribute in improving your credit score. You might have heard that a good credit score is also needed to…
Personal loan is a collateral-free loan that can be used for any purpose. If you want to buy furniture or go on a vacation with your family or buy expensive gifts for loved ones, you can use personal loan for virtually any purpose. But have you ever thought when it is a best time to […]
Ankit, a 43-year old salaried professional, needed Rs. 80,000 for a financial emergency. Since he did not want to take favor from either his relatives or friends, he had applied for a personal loan. But his loan request got denied due to insufficient credit score. So what should he do next? Should he break his…