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Is your Credit Score >750?
The cheapest loans in India are secured loans like home loans. They come with low interest rates but the usage is restricted. For example, you can take a home loan only when you’re buying a home.
If you’re looking for loans for emergency cash use, then a Personal Loan or a Credit Card would be the cheapest loan in India. Both these are unsecured loans and are processed and disbursed quickly. They also come with competitive interest rates and convenient repayment terms.
There are so many ways to borrow money in India. Bank loans are the most sought after though. They are safe and cheap. Even in bank loans there are secured and unsecured loans. While home loans, car loans, and gold loans are secured loans, personal loans and credit card loans are unsecured loans.
Personal loan has diversified in recent years;
The personal loan market has grown massively in recent years. Lenders have taken advantage of the digital space and started offering online personal loans that are disbursed instantly. Two primary kinds of online personal loans available in the market are - Insta Loans & Pay Day Loans
There has also been a significant rise in the number of people who use credit cards;
Banks has largely decreased the minimum income requirement to get a credit card. Individuals with salary as low as Rs. 15,000 per month are able to get a credit card easily.
The cash advance feature of your credit card can come in handy in times of emergencies. But the interest rate may be a bit high on such cash advances. So it is better to pay off your credit card bills on time so that you don’t face an additional interest burden.
Key Takeaway: Before choosing the type of loan you want to apply to, ask yourself these question:
You should choose the loan type based on the above responses.
A CIBIL™ score is a three digit number between 300 and 900 that gives potential lenders a quick idea of your loan
Credit repair involves rebuilding your credit health to a level where you become eligible for loans.
A credit report is a history of your credit behaviour and contains detailed information on all your loan and credit
A credit rating - also known as a credit score - is a 3 digit number between 300-900 that gives potential lenders
A bad credit score is generally one that is less than 650. A credit score is a three digit number in the range of 300-900
Yes. In fact, a credit score of 850 is very good! Most lenders look for a minimum credit score of 750 to approve loans
There are several ways in which you can improve your credit score. Depending on how good or bad your score is,
Is 800 a good credit score? Yes. In fact, a credit score of 800 is very good! Only a small percentage of people reach,
Is it possible to obtain a free credit check or credit report? The answer is yes and no!
Your CIBIL™ Score plays an important role in getting loans and credit cards sanctioned, because it gives lenders
It is not possible for anyone, either lenders or borrowers, to get a CIBIL™ score or credit report for free.
It is important to know that there is no such thing as a CIBIL™ defaulter list. There used to be a defaulter list earlier,
There is really no number that can be established as the average credit score in India. Many people see regular
You can repair your credit absolutely free if you do it yourself! However, many people choose to get professional help
First, it is important to note that there is no ‘Defaulters List’ that is maintained or circulated by CIBIL™ or any of the other
Sourav and Ankit are watching the New York Marathon on TV and decide that they want to run a marathon.
In India, the best credit score to have is one that is 750 or above. The three credit rating agencies that operate in India
Is a credit score of 700 good? While it is not a very bad score, it is not good enough to automatically qualify
It is difficult to get a loan with a credit score of 650. Most banks look for a minimum score of 750 when deciding
It is not likely that you will get a loan with a credit score of 600. Most banks look for a minimum score of 750
It is difficult to get a loan with a credit score of 550. Most banks look for a minimum score of 750 when deciding
A poor CIBIL™ score can increase your financial problems and make it difficult to access credit, whether as a loan or credit.
One common worry that runs through your mind after you have made a credit card settlement is,
CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf.