Credit score

Can insurance industry use CIBIL-like credit scores soon?

Thu, May 29, 2025

A CIBIL-like credit score dedicated to the insurance space will enable insurance providers to assess potential customers on the basis of their relevant financial histories. A healthy credit score will not only reflect positively on the insurance buyer, but will also enable them to avail a more attractive premium rate. 

More >

Will I be denied loan because of poor Credit score? Clear your do...

Mon, May 05, 2025

An individual’s credit score tells about their past credit behaviour, revealing several important aspects about the borrower. The score captures payment regularities, helping the lender detect both disciplined borrowers as well as serial offenders. Based on the credit score, lenders like banks and NBFCs decide the terms and conditions of the credit facility for potential borrowers. Though people often hear about the credit score, they hardly know its meaning until they approach a lender to apply for a credit facility.

More >

5 Reasons to Keep Your Credit Score Healthy After Retirement

Wed, Apr 02, 2025

Keeping your credit score in shape after retirement is like keeping your favourite garden blooming—just because you’ve hung up your work boots doesn’t mean you can ignore it! A good credit score helps you snag better deals, access loans when emergencies pop up, and even get lower insurance rates. So, don’t let your score wilt away; nurture it and keep those financial doors wide open for all your post-retirement adventures. In this video, we’ll share 5 simple reasons why it’s important to keep your credit score strong even after retirement.

More >

5 ways to get a good credit score without a credit card

Wed, Mar 19, 2025

Having a good credit score is important to get loans and credit cards. But for many people, it's hard to build a credit history without a credit card. The good news is, there are several ways to build a good credit score without using one. The key is to keep your credit utilization ratio healthy. In this video, we’ll share 5 easy ways to create a good credit profile and score without needing a credit card.

More >

‘A CIBIL-like system…’: What insurers seek to make India’s ‘Insur...

Thu, Mar 06, 2025

The Government of India has set a target of ‘Insurance for All by 2047’, aiming to provide health insurance coverage to every citizen. However, insurers want one thing to bring India’s insurance penetration at par with developed countries: A CIBIL-like system for the insurance space. Read on to learn more about this story.  

More >

How Your Credit Score Affects Loan Approval: Insights for first-t...

Fri, Feb 28, 2025

By paying bills on time, reducing credit utilisation, and checking your credit report for errors, you can increase your credit score and improve your chances of getting approved for a loan with favourable terms.

More >

Applying for Digital Credit? Beware of These 4 Key Signs on Lendi...

Mon, Feb 17, 2025

Digital credit has become a popular way to quickly get money when needed. However, with the rise of online lending platforms, borrowers need to be careful and watch out for warning signs that could mean fraud or bad practices. In this video, we’ll look at four key signs to watch for when applying for digital credit.

More >

Car Loan Interest Saving: Save Rs 3,44,704 on Rs 30 lakh car loan...

Tue, Feb 11, 2025

Increase your car loan EMI by just 10% and save Rs 3,44,704 in interest. Discover how reducing your loan tenure from 7 years to 6 years can significantly cut costs. 

More >

Credit Card: Not using it for long? Here’s what happens to inacti...

Mon, Feb 10, 2025

Credit Card: When you don’t use your credit card for a long time, it’s called credit card inactivity. After a certain period of no use, the card issuer may deactivate your card. The time it takes to deactivate an inactive card depends on the card issuer. Some issuers do this after six months, while others wait up to a year. New cards also have rules: if you don’t activate your new card within 30 days, the issuer will ask for consent through an OTP. If they don’t get your approval, your card will be closed within seven days.

More >

Canceling Your Old Credit Card? How It Can Impact Your Credit Sco...

Wed, Dec 18, 2024

Your credit utilisation ratio is the proportion of your total available credit that you're currently using, and it significantly impacts your credit score. To maintain a low ratio, avoid maxing out your credit cards and try to keep your usage below 30 per cent of your total credit limit.

More >

What is a Secured Credit Card? Learn Its Key Features and Benefit...

Fri, Nov 29, 2024

A secured credit card is a financial tool offered against a fixed deposit. One of its main benefits is the relaxed eligibility criteria. Unlike regular credit cards, secured cards don't place as much emphasis on factors like credit score, income, or employment during the application process. This is because the fixed deposit serves as collateral, reducing the risk for the issuer. If you fail to repay your balance, the issuer can liquidate the fixed deposit to recover the dues, minimising their risk.

More >

DTI Ratio Explained: How a high debt-to-income ratio can lead to...

Fri, Oct 11, 2024

Learn about the Debt-to-Income (DTI) Ratio and its impact on loan approval. Understand how a high DTI ratio can lead to loan rejection and discover ways to improve your DTI for better financial health.

More >

Credit Score Myths: Clear these 5 misconceptions now to avoid fin...

Fri, Oct 04, 2024

More >

Troubled by huge credit card bills? How to avoid being a defaulte...

Fri, Sep 06, 2024

If you are one of them and struggling with a large credit card bill, a balance transfer might be a helpful solution. This method can prevent you from falling deeper into debt—but it requires you to have more than one credit card. Let's explain what a credit card balance transfer is, when it’s beneficial, and when it could pose a risk.

More >

5 things you must do after repaying home loan, failing which may...

Fri, Sep 06, 2024

Home Loan Repay: A home loan is a long-term commitment that takes years to repay.

More >

Want 800+ Cibil score to get low-interest rate loan? Follow these...

Mon, Aug 12, 2024

6 ways to improve Cibil score comprehensively: A higher utilisation ratio can pose a negative impact on your score. Experts suggest a good utilisation ratio to be under 30 per cent.   

More >

Comprehensive guide to understanding and improving your CIBIL Sco...

Thu, Aug 08, 2024

A CIBIL Score, ranging from 300 to 900, represents an individual's creditworthiness based on their credit history. A higher score improves chances for loan and credit card approvals at favorable terms. We have brought you a comprehensive guide to understanding and improving your CIBIL Score for better credit.

More >

RBI has made these 5 rules regarding CIBIL; if you are going to t...

Mon, Jul 08, 2024

RBI Rules for CIBIL Score: The Reserve Bank was receiving a lot of complaints regarding the credit score.

More >

CIBIL Score: 5 RBI rules you must know before applying for LOAN -...

Sun, Jul 07, 2024

CIBIL Score For Loan, RBI Rules For CIBIL: The Reserve Bank of India (RBI) was flooded with complaints regarding the credit score.

More >

How difference of just 100 points in Cibil score may force you pa...

Tue, Jun 11, 2024

Most of us have the dream of buying a home. However, homes are expensive, and one relies on home loans to fulfil their dream.

More >

A Bounced Cheque Lowers Your Credit Score: 5 credit score myths y...

Wed, May 29, 2024

Credit Score Myths: When you apply for a loan, your credit score is one of the first things checked.

More >

Credit Card Tips: Should you carry one card for all purposes or d...

Tue, May 07, 2024

Credit card use provides one with the facility to purchase a thing even if they don't have hard cash at that point in time. They can buy anything by making an entire payment or in instalments. Another important factor that has encouraged people to use credit cards is multiple promotional offers available on them. 

More >

5 easy ways to boost your Cibil score and its benefits

Thu, May 02, 2024

Your Cibil score is your credit health report card that shows your creditworthiness. Lenders judge your creditworthiness according to your Cibil score.

More >