It is imperative that you repay your loan in full and on time by paying EMI regularly. However, certain unforeseen circumstances can affect your timely payments: Medical emergency Loss of job High inflation Rising...
Mortgage is a commonly used term in banking and finance sectors. It means to keep one’s immovable possession as collateral, usually a house, in return of a loan. This is done by signing...
The interest rate is the rate at which a person borrows money from a lender. The amount that is borrowed is called the ‘principle’. The cost you pay for borrowing it is called the...
A guarantor is the person who signs an agreement to pay off the borrower’s loan if they default. They are like a safety net when borrower finds it difficult to make timely payments. Usually,...
Applying for a loan is one of the biggest financial decisions you will make. A loan impacts various areas of your life and requires careful planning and management of your finances. Of all the factors considered...
Choosing the most affordable loan package is a prerogative when you think of applying for a loan. The affordability of a loan is based on a number of factors such as the rate of...
The importance of a good credit score cannot be stressed enough. A high credit score is a reflection of a good credit history. And, a good credit history takes time to build, beginning with...
We have already analysed the reasons for your loan getting rejected despite a good credit score. Let us look at what you can do after the loan application is rejected. It is common...
A score of 750+ is considered as a good credit score. It is a testament to your meticulous planning and management of finances, paying off debts on time, and avoiding extensions, reductions and...
Credit score is a numerical representation of your creditworthiness. It is determined based on your credit files – loans, debts, bills, repayments, missed payments, number of loans and credit cards in your name and...
