2017-06-07 10:41
Fixing and increasing the CIBIL score for loan against property (LAP) greatly helps with securing lower interest rates for the mortgage loans. Working on lowering your interest rates pays u… Read More
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Does Cibil Score Really Matter? Blog
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Are you looking for a loan and want to work towards a solid ground to know exactly what is criteria in getting loan. Cibil Score has become a base to determine Loan eligibility at many organisations.
While browsing through the net I came across a fantastic article on Cibil score and its functionalities. Few important pointers to keep in mind:
4 credit information bureaus are licensed by the RBI - Experian, Equifax, Highmark and The Credit Information Bureau Limited (CIBIL).
Higher the CIBIL score,the better is your loan eligibility.
Timely EMI payments and regular payment of credit card bills have positive effect on Cibil Score
Cheque bounces, erratic/irregular loan payments, etc have negative impact on Cibil score.
There is a unique insight that credit scores are not the only parameter of getting a loan. Platforms like “Loankuber†offers loan to individuals as well by looking at other metrics.
So even if you currently posses a low score, dont worry just visit http://www.loankuber.com/ to learn more.
2017-05-17 13:04
A loan against property (LAP) is exactly what the name implies — a loan given or disbursed against the mortgage of property. The loan is given as a certain percentage of the property… Read More
2017-05-16 12:46
Fixed deposits rate is on a downtrend, real estate supply is dampening, gold is also losing its sheen. Aditya was confused on where to invest his annual bonus. He wanted good returns but at… Read More
2017-05-16 12:46
Fixed deposits rate is on a downtrend, real estate supply is dampening, gold is also losing its sheen. Aditya was confused on where to invest his annual bonus. He wanted good returns but at… Read More
2017-05-10 12:42
“ABC Bank reduces fixed deposit rates across varying maturities by 0.10%-1.00%.” Aditya woke up today with this headline scrolling across the news channels. However, the timing… Read More
2017-05-09 10:30
Full EMI-We pay the full EMI right after the first disbursement. We pay the EMI as per the sanctioned amount and not the disbursed amount. For instance, we have sanctioned limit of Rs… Read More
2017-04-26 12:12
“Rs. 500 and Rs. 1,000 notes have ceased to be legal tender with effect from 8th November midnight.”
“High denomination notes, no longer currency notes in the country.&rdq&helli…Read More
2017-04-25 12:38
Aditya had checked his CIBIL report last week and he was quite surprised to find his CIBIL score at just 400 which is considered quite low. So, he made sure he visited Kuber in the weekend… Read More
2017-04-15 08:04
Aditya was rejected a car loan since his credit score was 450, even while he was not making major defaults in his loan installments. Since he was not much into his finances, he thought to c… Read More
2017-04-12 12:50
Credit Score and Magnifying Glass
Aditya had just accessed his free credit report from CIBIL’s website and he was quite upset with the fact that his credit score was quite low at just… Read More
2017-04-11 13:07
It was a busy week gone by for Aditya as he had to make a couple of visits to his bank to get the wrong default corrected in his credit history. Even when his credit score was a reasonable f… Read More
2017-04-10 12:54
Aditya was finally purchasing his new house after his housing loan was sanctioned by ABC Bank on the basis of his improved cibil score check. His happiness was indeed visible with a glaring… Read More
2017-04-04 12:26
It was a sunny Sunday morning and Kuber was all in a relaxing mood. He was just about to start having his favorite breakfast meal when the doorbell rang. It was Aditya at the door.
“K… Read More
2017-04-03 13:28
While the nation was busy watching the state election results, Aditya was worried on the tax projections his employer had shared with him. 85% of his salary for March was projected to be de… Read More
2017-04-01 10:24
“ABC Co. to lay off 600 employees.”
“PQR Bank hands pink slips to the employees in the retail business.”
Considering the focus of the companies on reducing and ration… Read More
2017-04-01 10:24
“ABC Co. to lay off 600 employees.”
“PQR Bank hands pink slips to the employees in the retail business.”
Considering the focus of the companies on reducing and ratio… Read More
2017-03-31 17:38
Getting impressed with the platinum credit card being offered by ABC Bank, Aditya decided to apply for the same. However, in spite of a good salary package, he got a refusal letter from the… Read More
2017-03-30 14:55
Aditya and Kuber were having some snacks after a good 30-minute morning walk when Aditya’s phone rang. The call was from ABC Bank where he had applied for a housing loan. Manager conve… Read More
2017-03-29 12:28
Aditya and Kuber were the partners for morning jog for almost a year now. Even while Aditya was a happy-go-lucky kind of personality, he seemed a bit off today.
Concerned for his partner, K… Read More
2017-03-28 10:23
Aditya had always been thinking to buy a house in Gurugram but skyrocketing property prices have been keeping him away from his dream home. The recent demonetisation move by the Govt. did,ho… Read More
2016-08-11 06:23
Taking a loan can be an overwhelming procedure for a common man. One has to consider the gigantic loan amount which needs to be repaid in installments, and on top of that, the interest and o… Read More
2016-08-09 11:39
Banks in India offer 4 types of deposit accounts—current account, savings account, recurring deposits and fixed deposits. Owing to cut throat competition—every bank out there is… Read More
2016-08-07 14:46
Urbanization is a phenomenon witnessed in every country. India, being one of the world’s fastest growing economies, is an example of one such country going through this occurrence. Wit… Read More
2016-08-06 14:03
To be honest, a mortgage is a very selfless being; it saves you with the costs and even saves your time, but never takes credit for it. Admit it, have you as a borrower ever felt good a… Read More
2016-08-05 17:02
Buying a house is one of the important steps that we take in our lives. It is one of the biggest accomplishments, not only in a sentimental way but also as a huge financial investment t… Read More
2016-08-04 17:06
From the 1st of April 2016, there has been a change in the way home, auto or any other floating rate retail loan is calculated. Instead of the usual Base Rate for interest payments, there ha… Read More
2016-08-03 12:06
Buying a house and then paying property tax is considered a financial double whammy. But this is a misconception. Tax benefits can be availed depending on whether the house is rented out or… Read More
2016-08-03 10:34
For any average person, buying a house is something that inevitably leads to taking a home loan. Instead of fully exhausting his savings, home loans provide an easy option of payment, and th… Read More
2016-08-02 15:22
A short term investment is basically an investment that is done for a period of one year or below. When it comes to investing their money for a short period of time, investors must keep a co… Read More
2016-08-01 11:19
Online investment platforms are becoming popular due to their adaptability and ease of use. They are fast emerging as an alternative to fixed deposits or money market instruments. Through th… Read More
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