What is a CIBIL score? And how it affects your ability to take out loans
Consumers now rely on credit cards and loans to help them reach their aspirations and financial objectives. One of the most important criteria and measurements for obtaining this desperately required credit access is the CIBIL Score. What Is CIBIL? This is a question we all have in our heads when we run around for loans. […]
What happens when RBI hikes the Repo Rate?
There was trouble in the air recently, as RBI hikes the repo rate. This led to causing problems for various sectors. Repo rate in India is the basically the rate at which the Reserve Bank of India (RBI) lends money to the commercial banks in the company. As of September 2021, the repo rate was […]
Reasons Why You Have A Low CIBIL Score?
Taking a loan or issuing for a credit card can be an issue for you if you have a comparatively low CIBIL score. To know about how to have a good CIBIL Score, firstly we need to know what is a CIBIL Score. What is a CIBIL Score? The full form of CIBIL is basically […]
What happens when a loan becomes a Non-Performing Asset?
An NPA is basically a Non-Performing Asset. When loans which have been borrowed by a person from either an Indian Bank or any financial institutions and when the interests and the loan amount has been overdue for a long period. A long period is basically when it has been more than 90 days. Being a Non-Performing […]
Personal Loan Settlement: What It Is, How It Works, and When You Should Consider It
When a personal loan becomes difficult to repay because of job loss, reduced income, medical expenses, or business losses, Personal Loan Settlement may appear to be a way out. But settlement is not simply a discount on your loan, nor is it the first option every borrower should consider. The key question is whether you […]
What happens when you don’t pay student loans?
Missing student loan or education loan repayments can affect your credit history, increase outstanding dues and eventually lead to recovery action. The Reserve Bank of India (RBI) reported that bank credit to the personal loans segment grew by 14.0% year-on-year as of March 21, 2025, showing the continued growth of personal borrowing in India. For […]
What can happen in personal loan default?
A personal loan is an unsecured loan which can be anything from an Individual borrowing money for personal needs to making investments in a company. Many people take out personal loans to cover unexpected expenses or to consolidate their debts. A personal loan can be a good option if you have a good credit score […]
How to avoid personal loan scams.
Personal Loan Scam : How To Avoid The market is experiencing an increase in demand, which drives up supply. In this case, the financial sector is no exception. The industry is expanding with an influx of players, but corollary issues have been cropping up with increasing frequency. Loan scams are an alarming trend in which […]
What legal action can a bank take against a credit card default in India?
Carrying a credit card requires systematic use. Like any other credit card companies, they don’t offer errors. Eventually when you miss card payments, you’ll be hit by heavy interest charges and late fees. The consequences may even get more serious and end up taking you into credit card default. Let’s take a closer look at […]
7 Tips to Help You Get Out of Debt Quickly.
If you’re someone who is unable to repay their debts and struggling to cope with their finances, there are important things that can help you to get out of debt. You may think about talking to your creditors and negotiating a solution with them. But sometimes such negotiations do not end well. In this case, […]
