What affects your CIBIL score? 10 key factors you need to know
4 days, 20 hours ago

What affects your CIBIL score? 10 key factors you need to know

Live Mint  

When you apply for a loan or a credit card, banks check several factors to approve your request. Banks check CIBIL scores to determine the terms of the loans and approve your request for a loan or a credit card. A high CIBIL score will help you get your loan and credit card requests with better interest rates. Top 10 factors that affect CIBIL score Payment history: Your credit history has the biggest influence on your CIBIL score. Applying for multiple credit cards would mean that the banks will make multiple hard enquiries, which can reduce your CIBIL score significantly.

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CIBIL score to get a home loan: How high should it be?
3 days, 23 hours ago

CIBIL score to get a home loan: How high should it be?

Live Mint  

Many people want to become home owners, and owning a home might be as simple as taking a home loan. One of the necessary requirements is that you ought to be credit-worthy, as a high CIBIL score increases your opportunities of acceptance besides helping to bargain better terms for loan. Here we will know the minimum required CIBIL score for …

Facing credit issues? Here are 5 easy ways to improve your CIBIL score
Trending News
2 weeks, 5 days ago

Facing credit issues? Here are 5 easy ways to improve your CIBIL score

India Today  

Many people use credit cards for purchases and services, often attracted by convenience and benefits. Your CIBIL score is a 3-digit number ranging from 300 to 900, summarising your credit history and repayment behavior. A good score often leads to benefits like higher credit limits, faster loan approvals, and better loan terms. Here are simple tips to help you improve …

Credit Score: What is it and how does it affect your loan approval?
3 weeks, 4 days ago

Credit Score: What is it and how does it affect your loan approval?

Live Mint  

If you are someone who is interested in borrowing a loan or if you want to apply for a credit card, then knowing your credit score is extremely important. Lenders also pay close attention to your credit score for granting you the interest rate, repayment tenure and principal amount for your loan. Nevertheless, it is interesting to note that the …

CIBIL: How to improve your credit score with a mortgage loan?
7 months, 4 weeks ago

CIBIL: How to improve your credit score with a mortgage loan?

Live Mint  

Taking a mortgage and managing it in a responsible way can improve your CIBIL score. Best Personal Loan for you at lowest interest rate Instant Apply This is how mortgage helps borrowers improve CIBIL score: Payment history: Making regular mortgage payments shows to credit bureaus that you are a responsible borrower. Overall, responsibly managing a mortgage can be a positive …

CIBIL: 8 key indicators of a good credit score that you need to be aware of
8 months, 2 weeks ago

CIBIL: 8 key indicators of a good credit score that you need to be aware of

Live Mint  

A good CIBIL score, or credit score, is indispensable to procure loans and credit cards at favourable terms. For instance, if Mr Ajay pays his bills on time, never crosses 30 percent of his credit card limit, uses a diverse set of credit types, never defaulted on any bill, and has a long credit history – then the chances of …

What Is The Minimum CIBIL Score Required For Car Loan
9 months, 1 week ago

What Is The Minimum CIBIL Score Required For Car Loan

News 18  

Maintaining a high CIBIL score is crucial when applying for various types of loans including personal, home, or car loans. A high credit score signifies trustworthiness and responsible credit behaviour, leading to lower interest rates on vehicle loans offered by top banks and Non-Banking Financial Corporations. A higher credit score may also enable you to acquire a reduced interest rate …

Credit Score: 7 effective steps to follow to maintain good credit history
9 months, 2 weeks ago

Credit Score: 7 effective steps to follow to maintain good credit history

Live Mint  

By following responsible financial habits, you can build and maintain a strong credit history, which will open doors to better loan terms, lower interest rates, and greater financial opportunities in the future. One can take a number of steps which include paying bills on time, keeping credit card balances low, keeping track of credit score and opting for secured credit …

CIBIL Score: What is it and why is it important? Key questions answered
9 months, 2 weeks ago

CIBIL Score: What is it and why is it important? Key questions answered

Live Mint  

A CIBIL score is a numeric representation of creditworthiness of borrower or investor. Range between 300 to 900 The CIBIL score typically ranges from 300 to 900 with a higher score reflecting better creditworthiness. Best Personal Loan for you at lowest interest rate Instant Apply Importance of CIBIL score Credit limits: A good CIBIL score usually leads to higher credit …

The Impact of Your Credit Score on Your Home Loan Interest Rate
1 year, 6 months ago

The Impact of Your Credit Score on Your Home Loan Interest Rate

India TV News  

A borrower's credit score is crucial and yet many credit users go about life completely unaware of the concept of credit scores. Does a borrower's CIBIL score also impact the home loan interest rates they get offered? How Does Your Credit Score Impact Your Home Loan Interest Rates? Borrowers or credit users whose CIBIL score varies between 700 and 749 …

All You Need To Know About CIBIL Score, Its Importance In Taking Loans, Credit Cards
1 year, 7 months ago

All You Need To Know About CIBIL Score, Its Importance In Taking Loans, Credit Cards

News 18  

There is a large number of people in the country who have taken or are planning to take loans, credit cards or other lines of credit from banks or other financial institutions. While approving loans or credit cards to a borrower, the financial institutions look into the CIBIL score of the person. Whenever one goes to take a loan, or …

Credit Score Calculation: What is a CIBIL score and how is it calculated?
2 years ago

Credit Score Calculation: What is a CIBIL score and how is it calculated?

Live Mint  

Credit Score Calculation: Credit scores are calculated considering a number of factors. CIBIL Score, also known as Credit Score, is a three-digit numeric summary of a borrower’s credit history. 6) Type in the OTP and select 'Continue' {{^adFree}} {{/adFree}} 7) Select 'Go to dashboard' and check your credit score 8) Upon successful verification, you will receive your CIBIL score report …

CIBIL Score: What's This, Why Is It Important, How To Improve Score? Check Details
2 years, 1 month ago

CIBIL Score: What's This, Why Is It Important, How To Improve Score? Check Details

News 18  

If you are planning to take a loan from banks or non-banking financial companies, you should have a good CIBIL score for easy approval and also for low interest rates. Importance of CIBIL Score If you go to take a loan or apply for a credit card, the bank checks your CIBIL score to ensure your creditworthiness and risk profile. …

Interest Rate Hike On Loans By Banks: Know How CIBIL Score Can Help You Save Money
2 years, 6 months ago

Interest Rate Hike On Loans By Banks: Know How CIBIL Score Can Help You Save Money

News 18  

As the Reserve Bank of India is raising its policy rates to control high inflation, banks are also following the suit and increasing interest rates on various loans. Here’s how a good CIBIL score can get you a cheaper loan and how to maintain a good score: CIBIL Score and Loan Approvals Banks approve loans or issue credit cards to …

CIBIL: How To Check Score Online; Tips To Improve And Maintain Good Rating
2 years, 7 months ago

CIBIL: How To Check Score Online; Tips To Improve And Maintain Good Rating

News 18  

CIBIL score is a rating given to borrowers for their past credit repayment history, which shows the credit discipline of the person and also creditworthiness. Type in the OTP and select ‘Continue’ 7) Select ‘go to dashboard’ and check your credit score 8) You will be redirected to the website, myscore.cibil.com 9) Click on ‘member login’ and once you log …

Banks Check CIBIL Score to Approve Loans, Credit Cards; What Is It, Why Is It Important?
2 years, 8 months ago

Banks Check CIBIL Score to Approve Loans, Credit Cards; What Is It, Why Is It Important?

News 18  

There is a large number of people in the country who have taken or are planning to take loans, credit cards or other lines of credit from banks or other financial institutions. While approving loans or credit cards to a borrower, the financial institutions look into the CIBIL score of the person. Whenever one goes to take a loan, or …

High CIBIL score helps to get home loan at discounted rate. Paying credit card bills on time save money via future loans
3 years, 2 months ago

High CIBIL score helps to get home loan at discounted rate. Paying credit card bills on time save money via future loans

Live Mint  

In the wake of the festive season, HDFC is offering a discounted rate of interest at 6.7 percent per annum on home loans. For those with a relatively lower credit score, the interest rate will be charged in the range of 6.8 percent to 7.3 percent per annum for loans under ₹30 lakh. Your credit card spend affects CIBIL score …

CIBIL Score: Metric estimates your ability to repay personal loan; check steps to calculate your score here
3 years, 6 months ago

CIBIL Score: Metric estimates your ability to repay personal loan; check steps to calculate your score here

Firstpost  

A credit score above 750 is considered excellent and can get approval for a personal loan at lower interest rates A personal loan is one of the most common borrowing options for people seeking funds for a variety of personal reasons. A credit score above 750 is considered excellent and can get approval for a personal loan at lower interest …

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