People who are planning to buy a flat, purchase a house, or build a home using a home loan is very important for them. Because in many cases, it has been seen that even after applying for a home loan, getting financial approval, and having the loan sanctioned, the loan still gets rejected after the […]
what is Credit card settlement? Suppose a customer has taken a credit card and after using it, instead of paying the full outstanding amount, they negotiate with the company, take a discount on the outstanding amount, make the payment, and close the card. This process is called settlement. Here, the card is closed by making […]
If you are going to apply for a loan or are planning to apply for a loan in the near future, many people make mistakes before applying, because of which their loan application gets rejected. The most critical mistakes to avoid before you applying for loan 1. Neglecting your credit score and history Whenever you […]
How will you reduce your loan interest? See, sometimes in times of need, we take loans at a high rate of interest. Some customers keep taking back-to-back loans to run their business, and the interest rate is also very high. Because of that, later on, whatever profit the business earns, a large portion of it […]
After CIBIL Dispute Resolution, how much time does it take for CIBIL to update? This is a very common question. Most people raise a dispute in CIBIL when they see some error or problem in their CIBIL report, and they notice that error when they apply for a loan and the loan application gets rejected. […]
First, we will understand what working capital. Working capital is the money that is used for the day-to-day operations of a business, such as purchasing raw materials, paying rent, paying electricity bills, and paying taxes. The loan provided by banks for these purposes is called a working capital loan. It is a short-term loan. It […]
What is the eligibility required to take a machinery loan? Now, if you are going to start a new business where you need machinery. You also know that there are many government schemes where you can get a machinery loan. But what eligibility is required to take this loan? Either you already have an existing […]
At present time, why having an HDFC credit card is important—you will understand this only when you want to buy a mobile phone or any electronic items, and there is a 5% or 10% discount available on using an HDFC credit card. At that time, if you had this credit card, you could have saved […]
We will have a complete discussion about the CIBIL score. We will look at a situation where someone’s CIBIL score has become poor. Now, a CIBIL score can become poor for many reasons. For example, someone may have gotten a credit card issued from a bank, or someone may have taken a personal loan, or […]
I always say, sir, never miss even a single EMI because it reduces the CIBIL score. But some people have this question—sir, if I miss one EMI, how many points will drop? Some also ask—sir, if I missed payment (EMI), will I be able to get a loan in the future or not? If you […]
