How to check your credit score and spot suspicious inquiries in your report
Staying on top of your credit score is essential for borrowers in the country, especially as lenders increasingly rely on bureau data to assess creditworthiness. A periodic review of one’s credit report can help in detecting inaccuracies and mistakes. This can prevent identity fraud and maintain healthy personal loan, home loan, and credit card eligibility. […]
Taking out a personal loan? How to avoid overborrowing.
Personal loans are flexible and convenient tools. Need to consolidate debt, cover an emergency dentist visit, or replace a faulty transmission? A personal loan can pay for any of those expenses (and more). Their speed and flexibility make personal loans pretty appealing. According to TransUnion, nearly 25 million people had outstanding personal loans in 2025, […]
Personal loan for freelancers: Eligibility, documents, interest rates, and how to apply
For a freelancer, the need for a personal loan can arise at any time, whether for professional or personal expenses. The professional expenses may involve investing in a course to upgrade skills, creating professional infrastructure, like setting up a workplace, buying professional equipment/tools, etc. The personal expenses may involve a medical emergency, home renovation, celebrating […]
How to spot and fix credit report errors that lower your credit score
Every small inaccuracy in your credit report can quietly bring down your credit score. Thus lowering your chances of securing a personal loan or credit card. Now it is a given that many borrowers regularly track their credit scores, relatively few review their credit reports in complete detail. Due to this they often miss hidden […]
How to apply for an education loan without collateral? A complete guide
In today’s high-stakes environment, education is often pricey. While educational loans can provide an effective means of financing, many parents or students are worried about the collateral requirements. Luckily, many Indian banks and commercial institutions offer education loans without collateral to aid students meet their aspirations without putting family property at risk. Nonetheless, what should […]
Credit score: 5 common errors in credit report and how to correct them
As a credit user, it is incumbent upon you to check your credit report from time to time. And if there are mistakes, it is profoundly important to correct them. For instance, there could be a mistake with regards to the payment history or the details regarding your loan. Even personal information could also be […]
What triggers the ‘credit hunger’ flag on your credit report and how to avoid it
Credit bureaus are increasingly vigilant about identifying “credit-hungry” consumers, signalling this behaviour through frequent loan applications or hard inquiries. This can influence your credit score and lender behaviour significantly. What triggers the ‘credit hunger’ flag? Credit bureaus monitor hard enquiries, applications for loans or credit cards. Multiple hard inquiries within a short duration of time […]
How to get a HELOC when you have a bad credit score
If you’re a homeowner and have a credit score with a few dings and scratches, you might think a home equity line of credit (HELOC) is out of reach. The truth? Maybe not. While less-than-stellar credit can make the process more difficult, closing on a bad credit HELOC might be simpler than you think. To […]
How to foreclose a personal loan in 2025? A step-by-step guide for borrowers
In a move to boost financial literacy in the country among retail borrowers, several leading banks, Non Banking Financial Companies (NBFCs) along with other financial institutions are now moving towards improving the process of foreclosure of personal loans. All borrowers who aspire to close their personal loan accounts before the end of the originally decided […]
Credit score basics: What’s considered bad and how to turn it around
In India a credit score is an extremely important indicator of an individual’s financial health. It influences personal loan approvals, interest rates, credit card eligibility, future loan approvals, applicable interest rates and tenure period. As of May 2025, a credit score below 650 is generally considered poor. It has the potential to limit access to […]