Articles for Credit Score

Who Can Apply For A Rs 10,000 Instant Loan - Eligibility And Requirements
4 days, 9 hours ago

Who Can Apply For A Rs 10,000 Instant Loan - Eligibility And Requirements

ABP News  

A ₹10,000 instant loan can be a quick and effective solution when faced with an urgent financial need. Employment Status Salaried individuals working in private or government organisations are eligible to apply Self-employed individuals such as business owners, freelancers, or gig workers are also eligible, though lenders may have stricter requirements for self-employed borrowers 3. Credit Score A minimum credit …

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Can you get a personal loan with low credit score? Check details
4 days, 17 hours ago

Can you get a personal loan with low credit score? Check details

India Today  

Getting a personal loan with a low credit score might seem challenging, but it’s not impossible. HERE ARE SOME TIPS FOR OBTAINING A PERSONAL LOAN WITH A LOW CREDIT SCORE Bring in a guarantor or co-applicant Personal loans are unsecured, meaning no collateral is required. If your credit score is below the lender’s threshold, consider involving a guarantor or co-applicant …

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How to get a personal loan if you don't meet eligibility criteria? Here are 8 easy steps
5 days, 17 hours ago

How to get a personal loan if you don't meet eligibility criteria? Here are 8 easy steps

India TV News  

Getting turned down for a personal loan can be frustrating, but not meeting the right standards doesn’t mean all hope is lost. Banks and financial institutions check a variety of factors such as your credit score, income, existing debts and documents before approving a loan. Consider low-cost loans If your income or credit score can’t support the amount of loan …

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Personal Loan: Can you qualify with a 666 credit score?
6 days, 11 hours ago

Personal Loan: Can you qualify with a 666 credit score?

Live Mint  

Credit score can help you get low interest rates on personal loans and is one of the major criteria of your application approval. A high credit score can help you get low interest rates and your desired loan amounts. CIBIL Score Range Rating 300-500 Poor 550-600 Average 650-750 Good 750-900 Excellent Can you get a personal loan with a 666 …

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My credit score went up, but not because I'm better with money
1 week, 2 days ago

My credit score went up, but not because I'm better with money

Salon  

In our culture of money, we tend to treat a credit score as a measure of how “responsible” we are. A credit score lets financial companies know whether they’ll likely make money if they accept your business. Related The shady credit agencies that run your life What gets reported A credit score can never be a useful measure of your …

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How to calculate EMI for instant personal loans? A step-by-step guide
1 week, 3 days ago

How to calculate EMI for instant personal loans? A step-by-step guide

Live Mint  

Instant personal loans are a popular choice for people looking for instant cash to cover their expenses. What is an instant personal loan EMI calculator An instant personal loan EMI calculator is an online tool which helps you calculate your EMIs accurately and quickly. Since the loan tenures provided in instant personal loans is shorter as compared to other loans, …

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Avoid THIS credit card scam to protect your CIBIL score
1 week, 3 days ago

Avoid THIS credit card scam to protect your CIBIL score

India TV News  

Banks often promote their credit cards aggressively because they earn a lot of money from various fees associated with their use. Image Source : FILECredit card scam How it affects your credit score This approach is being used by many banks and agencies, so it’s important to be cautious about such credit cards. For instance, if you have a low …

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Choosing the Right Type of Personal Loan for You
1 week, 4 days ago

Choosing the Right Type of Personal Loan for You

Live Mint  

Among the diverse financial products available today, personal loans stand out as a flexible and accessible option for individuals looking to meet their financial needs. Whether it's consolidating debt, funding a wedding, or managing unexpected medical expenses, personal loans can be the bridge to achieving your financial goals. Types of Personal Loans Understanding the different personal loan types can help …

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Not meeting personal loan eligibility? THESE steps can help you fix it
1 week, 4 days ago

Not meeting personal loan eligibility? THESE steps can help you fix it

Live Mint  

A personal loan is the most preferred financing option by many as it does not require any collateral and can be used in multiple ways. Before knowing how to improve your chances of getting a personal loan, it is important to know the reasons why your loan application would get rejected. Unsteady source of income: An unstable job or source …

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Personal Loan: 6 factors that determine your interest rate
1 week, 5 days ago

Personal Loan: 6 factors that determine your interest rate

Live Mint  

When you apply for a personal loan, the banks consider different factors to determine the interest rate chargeable. Macro interest rate scenario Depending on the macro interest rate scenario in the economy, banks decide the interest rates chargeable on personal loans and other loans at a broader level. Your higher credit score can help you get a personal loan at …

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Credit Score: How multiple loan inquiries impact your score and how to protect it
1 week, 6 days ago

Credit Score: How multiple loan inquiries impact your score and how to protect it

Live Mint  

Credit score is a three digit score which is given to you by credit bureaus which acts as a reflection of your credit profile and your creditworthiness to your creditors. Multiple loan inquiries to different creditors can negatively affect credit score. Let us understand how multiple loan enquiries affect your credit score and discuss the ways through which you can …

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Credit Card: How closing an account can impact your credit score
1 week, 6 days ago

Credit Card: How closing an account can impact your credit score

Live Mint  

Although it may seem like the easiest step towards being financially free, closing a credit card can have a major impact on your credit score. Your credit score might decline when you close an older credit card because it could reduce the average age of your credit history. Too many cards to handle: If you have several and can't control …

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Think you know credit scores? These 9 facts will surprise you
1 week, 6 days ago

Think you know credit scores? These 9 facts will surprise you

Live Mint  

Whenever you apply for a loan or a credit card, your credit score plays an important role in determining whether the bank will approve or reject your application. No loan or credit card equals no credit score To build and maintain a good credit score, you have to avail a loan or use a credit card regularly. A high credit …

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Managing multiple credit cards? Here are 10 essential tips you need
2 weeks ago

Managing multiple credit cards? Here are 10 essential tips you need

Live Mint  

A credit card is considered one of the most convenient financial tools for making emergency payments. It is important to strategise expenses in line with your credit limit and make bill payments on time, especially when you have multiple credit cards. Make a budget Before using multiple credit cards or planning to get many cards, it is important to make …

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Credit Cards: How do they affect your credit score and loan eligibility?
2 weeks, 3 days ago

Credit Cards: How do they affect your credit score and loan eligibility?

Live Mint  

Credit cards are a great way to save smartly on your transactions and earn exclusive rewards and discounts on your favourite brands. Credit cards may affect your credit history and also impact your credit score as well as your future loans. Aim to utilise only 30-40% of your credit limit to maintain a low credit utilisation ratio, which is vital …

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5 key tips to boost your chances of instant personal loan approval
2 weeks, 3 days ago

5 key tips to boost your chances of instant personal loan approval

Live Mint  

Personal loans are one of the most convenient tools to access emergency funds. Source of income Most lenders would quickly approve instant personal loans for borrowers with stable incomes and steady employment. Different lenders may have a minimum monthly income limit to grant an instant personal loan. Good credit score One of the major criteria lenders look for when approving …

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How to check CIBIL score using a PAN card without OTP? A Step-by-step guide
2 weeks, 3 days ago

How to check CIBIL score using a PAN card without OTP? A Step-by-step guide

Live Mint  

Knowing your CIBIL score is the first step towards understanding your financial health. Duplicate PAN card: Your CIBIL score is not affected if you apply for a duplicate PAN card when you lose the original. New PAN card: Your credit history may become more complicated if you apply for a second PAN card because your PAN is associated with every …

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Good credit score: What are the different ranges and their meanings?
2 weeks, 4 days ago

Good credit score: What are the different ranges and their meanings?

Live Mint  

Your financial stability and income plays a major role in determining your credit score. Hence, a good credit score puts lenders at a lower risk after which they may offer lower interest rates and repayment periods. Credit score range Credit scores usually range between 300 and 900 and are grouped as; no score, poor, average, good, very good and excellent. …

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Understanding CIBIL: What is it and how it works?
2 weeks, 4 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 …

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Credit Cards: The hidden costs of missing a payment you should know
2 weeks, 5 days ago

Credit Cards: The hidden costs of missing a payment you should know

Live Mint  

As a credit card user, there might be instances where you forget to pay your credit card bill on time. Late payment fee A late payment fee is a charge levied on credit card users who fail to pay their bills on time. Minimum due amount Some credit card users feel paying the minimum due amount will not incur any …

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How can a high or low credit score affect your personal loan interest rate? Check here
2 weeks, 6 days ago

How can a high or low credit score affect your personal loan interest rate? Check here

Live Mint  

From home improvements to surprise medical costs, personal loans are great for a majority of uses. The impact of credit score on personal loan interest rates 1. Determining interest rates: Your credit score will directly decide about interest rates offered to you, wherein good scores usually get eligible for more competitive rates reducing your cost of borrowing. Speed of loan …

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Credit Score: How to build a strong credit history from scratch? 4 key tips
2 weeks, 6 days ago

Credit Score: How to build a strong credit history from scratch? 4 key tips

Live Mint  

Are you someone who is planning to start their credit journey? In general, such applicants may be given simplest forms of credit, for example, low limit credit cards or low amount secured loans. Nevertheless, first-time borrowers usually face difficulties obtaining premium credit cards or favorable loan offers. Tips on how you can build credit score from scratch Use secured credit …

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Personal Loan: 6 crucial things you need to know before borrowing
2 weeks, 6 days ago

Personal Loan: 6 crucial things you need to know before borrowing

Live Mint  

If you are planning to take a personal loan, it is important that you keep a few aspects in mind before you start with your application process. 6 key factors to consider before applying for a personal loan Understand your credit report: Credit score plays a major role in the personal loan approval process. Beware of misleading offers: Many lenders …

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Emergency Fund vs. Personal Loan: Which option is best for your financial crisis?
2 weeks, 6 days ago

Emergency Fund vs. Personal Loan: Which option is best for your financial crisis?

Live Mint  

An emergency crisis can come at any point in your life. However, it is important to understand whether or not you should take a personal loan or utilise emergency funds in such situations. Advantages of personal loans Protect savings: Getting a personal loan can be a good option if your total savings will completely get exhausted in case of an …

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