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 factor in improving your credit score over time, but it's essential to make payments on time and manage all your credit obligations wisely. You can work on improving your credit score by making timely payments, reducing outstanding debt, and maintaining a healthy credit utilisation ratio before applying for a loan. If your credit score is lower than 700, you may still be able to qualify for a car loan, but you will in that case face higher interest rates or stricter loan terms.

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History of this topic

CIBIL score to get a home loan: How high should it be?
3 days, 20 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 …

What affects your CIBIL score? 10 key factors you need to know
4 days, 18 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 …

Understanding CIBIL: What is it and how it works?
2 weeks, 5 days ago

Understanding CIBIL: What is it and how it works?

India Today  

A CIBIL score is a 3-digit number that summarises your credit history, rating, and report, ranging from 300 to 900. Your credit score is based on this data, and the company creates a Credit Information Report that includes details like your loan repayment history, credit card payments, and ongoing debts. UNDERSTANDING YOUR CIBIL SCORE AND ITS IMPACT ON LOAN APPROVAL …

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 …

Want a good credit score? Here are 8 key factors you must know
4 weeks ago

Want a good credit score? Here are 8 key factors you must know

Live Mint  

Credit score is an important financial metric that represents your credit worthiness. Understanding credit score Credit score is a numerical value representing one’s ability to manage loans or borrowed funds alongside interest. Payment history: The ability to repay the loans and credit card payments on time, is one of the biggest factors determining credit score. If any information such as …

Why isn’t your credit score improving despite clearing dues on time?
4 weeks ago

Why isn’t your credit score improving despite clearing dues on time?

Live Mint  

A frequent credit card user must know that a good credit score is a key factor in determining your creditworthiness. However, paying your credit card dues on time does not guarantee a good credit score. A low credit utilisation score indicates poor credit usage habits and a high credit utilisation score signals high debt, which may reduce the chances of …

Personal loan application: How does credit score matter and what are the other factors considered?
1 month ago

Personal loan application: How does credit score matter and what are the other factors considered?

Live Mint  

Before applying for a personal loan with any bank, NBFC, or fintech, make sure you check the eligibility criteria. The higher the credit score, the better the chances of the personal loan getting approved, provided the applicant fulfils the other eligibility criteria. Some banks and NBFCs may consider personal loan applications with a lower credit score and approve them on …

5 key benefits of having a higher credit score you should know
1 month, 1 week ago

5 key benefits of having a higher credit score you should know

Live Mint  

A good credit score increases your chances of getting a loan or credit card approved, provided you fulfil the other eligibility criteria. A higher credit score makes you eligible for pre-approved offers for various loans and credit cards from various banks and NBFCs. Higher probability of loan approvals In the earlier section, we saw how a high credit score makes …

9 Little Ways You Can Improve Your Credit Score (Without Paying Off All Your Debt)
3 months ago

9 Little Ways You Can Improve Your Credit Score (Without Paying Off All Your Debt)

Huff Post  

Natalia Gdovskaia via Getty Images When it comes to your credit score, small things can add up over time. “Having a high credit utilization ratio shows that you’re close to maxing out your credit cards, and can significantly lower your credit scores,” Alev noted. “The length of your credit history plays a significant role in your score, so keeping long-standing …

How to improve CIBIL score in the long term? Here are six strategies
8 months, 1 week ago

How to improve CIBIL score in the long term? Here are six strategies

Live Mint  

Improving your CIBIL score in the long-term calls for consistent effort and responsible financial habits. Best Personal Loan for you at lowest interest rate Instant Apply Follow these six strategies to improve your credit score in the long run. Pay bills on time: Payment history is a significant factor in your credit score. Authorised user: If someone you trust has …

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 …

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 …

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. …

Loans Getting Costlier As Banks Raise Interest: Here's What You Can Do For Cheaper Credit
2 years, 5 months ago

Loans Getting Costlier As Banks Raise Interest: Here's What You Can Do For Cheaper Credit

News 18  

As banks are increasing their interest rates on loans, EMIs are getting higher and the stress on the household budget is increasing. Know in detail how it helps in getting a cheaper loan and how a good credit rating score can be maintained: CIBIL Score and Interest Rates On Loans CIBIL Score is a credit rating assigned to borrowers by …

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 Score: Faster Loan Approval, Cheaper Loans; Know How Good Rating Is Beneficial
2 years, 7 months ago

CIBIL Score: Faster Loan Approval, Cheaper Loans; Know How Good Rating Is Beneficial

News 18  

At the time of seeking loans from banks or any other financial institution, the borrower’s CIBIL score is looked into. Banks approve loans or issue credit cards to only those having a good CIBIL score. Here’s why a good CIBIL score is important and what’s the benefit of a good CIBIL score: Cheaper Loans: Banks offer interest rates on loans …

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 …

5 factors that have an impact on your credit score
3 years, 6 months ago

5 factors that have an impact on your credit score

Hindustan Times  

Want to get a credit card? If you have a good credit score, lenders will have more faith in you and will approve your loan applications and credit card applications without much of a hiccup. While you may have worked really hard towards building a good credit score, it can all come tumbling down if you owe a lot of …

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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