You need to have a strong credit profile and a high credit score to qualify for a home loan of â‚ą1 crore. Financial institutions heavily rely on credit scores to understand and assess an applicant’s repayment potential, creditworthiness and financial capacity. These factors cumulatively influence loan approval, interest rates and associated terms and conditions. According…
However, his credit card statement in August 2024 shocked him. He was charged the annual fee despite spending â‚ą16 lakh— â‚ą1 lakh more than the fee waiver threshold—in the year since his card was issued. To be sure, all banks levy the annual fee on the first statement after 12 months from the date the…
A good credit score is one of the pre-requisites for obtaining a loan. The credit score is mainly dependent on your credit report. But what happens if your loan application is rejected due to inaccuracies and outdated data on your previous loans in your credit report? The decision to grant a loan entirely depends on…
