Benefits of Having a Credit Score
No credit score? Build it now Having never taken any kind of loan or a credit card in the past adversely impacts your chances to get one in the future also. And this may prove to be detrimental to your financial life. Like, you may struggle to get a home loan while buying your own...
Disadvantages of a Poor Credit Score
Poor Credit Score? Here’s how you can improve it An average or poor credit score, typically below 700, can be severely damaging to your financial health. A poor credit score is a result of a weak track record with credit and is a risky sign for Banks to offer any new loan. Simply put, this...
5 Benefits of Tracking Credit Score Regularly
Why you should track your Credit Score? A big financial mistake many make is staying unaware of their credit score. Most do not track their credit score, as they are financially settled and have no need for any credit. However, the need for credit can be sudden such as medical or financial emergency and a...
Gold loan interest rates: Here are the lenders offering lowest rate
Demand for gold loans has been growing following the outbreak of coronavirus as people face a cash crunch brought on by the loss of employment, salary cuts or a downturn in business due to restrictions. If you can repay quickly, then gold loans are the best option but there are other things that you should…
Things to watch out for when taking an auto loan
If you plan to buy a new car on loan, don’t just go for a lender, which has a tie-up with the dealer. Do check other lenders before taking a loan from the bank executive sitting at the dealer’s showroom. Typically, public sector banks are slightly cheaper than private lenders. But they also tend to lend to…
Five things to know before taking a top-up on home loan
NEW DELHI: A top-up on a home loan is a convenient way to raise money. The borrower has a property already mortgaged with the bank, and all that is required is asking the lender to top up the loan. If borrowers have paid money for 12 months without missing a single installment, they are eligible…
