Beginning an academic pursuit is often a very important milestone which can involve a significant financial commitment. When assessing options to obtain the funds necessary to achieve your academic goals, personal loans and education loans are likely to be the two most prevalent. Even though both provide you with some form of financial assistance, they…
In India a credit score is an extremely important indicator of an individual’s financial health. It influences personal loan approvals, interest rates, credit card eligibility, future loan approvals, applicable interest rates and tenure period. As of May 2025, a credit score below 650 is generally considered poor. It has the potential to limit access to…
In today’s financial world, having a good credit score is important for loan opportunities, high-interest rates, and reaching financial goals. It is important to note that when used responsibly, credit cards can be very effective to help you build and better your credit. This is a long and detailed example of how to use credit…
Education today in India has become more expensive, especially for those who enrol in prestigious universities or take higher education abroad. Education loans sometimes act as a financial lifeline for students pursuing academic dreams. But what happens when, in the case of education loans, the bank wants additional assurance. A lesser-known, but crucial, stakeholder in…
In India, boosting your credit profile or enhancing your credit score during periods of unemployment is quite challenging but it is still achievable. A strong credit score is crucial for future financial opportunities, including but not limited to securing flexible personal loans and premium credit cards. Smart ways to improve your credit score during unemployment…
In today’s financial backdrop a solid credit score is important for securing favourable loan terms, credit card approvals along with securing other credit lines such as home loans, education loans etc. That is why aspirational borrowers should focus on aiming to boost their individual creditworthiness swiftly. This can be achieved by implementing responsible financial habits…
In India’s rapidly evolving financial landscape, clearly understanding what lenders foresee or find out from your credit score is crucial. As a general rule, currently a credit score of 750 or above is considered excellent. Such a high credit score and unblemished repayment history significantly influences loan approvals by making the entire process easier along…
When a borrower approaches a bank or NBFC for a loan, the bank invariably asks for the credit score. A credit score is a three-digit score given by a credit bureau which indicates a borrower’s creditworthiness i.e., whether the person is likely to repay the loan. This is, apparently, an urban concept where borrowers are…
In India sustaining an accurate credit report and a robust credit score is crucial as it directly impacts personal loan approvals and also influences applicable interest rates. Still, discrepancies can occur potentially influencing your financial prosperity. The Reserve Bank of India (RBI) has implemented measures to ensure timely updates and accuracy in credit reporting by…
A growing number of borrowers are facing loan rejections from major banks such as HDFC Bank, SBI, Kotak Bank among others. This is a consequence of subpar credit scores. As lending institutions tighten lending rules and norms, maintaining a very strong credit profile has become crucial for securing personal loans, credit cards along with other…
