How to improve your credit score? Know it from experts
Improving your credit score is something that banks and NBFCs look favourably on, as it means that you are a responsible person fiscally and that lending to you would be safe. Experts give their advice on how to improve your credit score so that the (fiscal) sun shines down on you. Also Read: How can […]
How to manage your personal loan efficiently? Here are 5 best ways
Personal loans play an important part in the financial landscape, providing individuals and businesses with the financing they need to fulfill their objectives. Effective loan management, on the other hand, necessitates a complete grasp of the loan lifecycle as well as the use of best practices at each stage. Personal loans are a useful instrument […]
Personal loan: How to get your application approved? 6 important factors to keep in mind
Lenders examine myriad factors when reviewing your application for a personal loan to assess your eligibility and determine the interest rate you can receive. They want to lend money responsibly and make sure borrowers can afford to repay it, so they are cautious in their evaluations. The following are some important factors that affect the […]
How to educate your children about CIBIL score? Here are 6 steps
Children should be taught about responsible financial behaviour, which also includes the concepts relating to credit score, also known as CIBIL score. While teaching children about money matters, you should emphasise the significance of paying bills on time, and importantly not taking more debt than you can afford. As you discuss with them, you should […]
How to avoid high interest rates on personal loans? Here are 8 ways
Although lenders provide personal loans with varying interest rates, some loans carry exceptionally high interest rates. Nonetheless, managing high interest on personal loans isn’t insurmountable. By prioritising strategies to reduce your interest burden, you’ll naturally discover methods to minimise the interest you pay on your loan. Here are several essential tactics to steer clear of […]
How to protect, improve your credit score amid cost-of-living pressures – National
Last month, the federal government proposed tying rent payments to credit scores, a new way to help Canadians build their credit. Meanwhile, cost-of-living pressures are impacting some people’s ability to pay down debt and keep their scores in good standing. A credit score is a three-digit number that comes from your credit report — a […]
CIBIL: How to check credit score without a PAN card? MintGenie explains
In order to check the credit score from a credit bureau such as CIBIL, one requires to enter PAN, or Permanent Account Number, which is linked to the bank accounts and primarily used as an identity document for income tax-related purposes. Notably, one doesn’t necessarily need a PAN card to check their credit score in […]
How to ensure a good interest rate on your personal loan? Here are 3 primary ways
The suitability of an annual percentage rate (APR) for a personal loan varies based on several factors but typically ranges between 6% and 12%. Here’s a breakdown to assist you in gauging what constitutes a favourable APR for your circumstances: National average: As of February 28, 2024, the average APR for a personal loan in […]
How to check CIBIL score for free? A step-by-step guide
CIBIL score, which ranges from 300 to 900, signifies borrowers’ creditworthiness. Banks and other financial institutions use these scores as one of the factors to determine their eligibility for loans. It is, therefore, considered important to check the score which can help you monitor your financial health. One can check their CIBIL score on the […]
How to boost and maintain an exceptional credit score
It may be hard to imagine digging yourself out of $100,000 in credit card debt and boosting your credit score by 400 points. But it’s possible—just ask Lynnette Khalfani-Cox. Khalfani-Cox boosted her credit score from the low 400s to a perfect 850 after spending three years paying down her debt. Now, the New York Times […]