How to Apply for a Rs. 2 Lakh Loan on an Aadhaar Card? Everyone, at some point, has come across a challenging financial circumstance in their lives. During such moments, having a lakhs of rupees can be of big aid. This might be used for medical emergencies, money needed to save your company, or other […]
What is Credit Appraisal: Process, Eligibility & Benefits Credit appraisal, also known as credit evaluation, is one of the important steps in the loan application process. When you are applying for a personal loan or credit card, lenders usually evaluate your creditworthiness to assess your repayment ability. This process helps lenders minimize risk as it […]
Advantages and Disadvantages of Digital Loans Against Mutual Funds Traditional banks and NBFCs take a long time and are a time-consuming that often requires a lot of paperwork. Thus, there is a rising trend of individuals choosing digital loans. Typically there are two main categories of loans; secured and unsecured loans. One such kind of […]
10 Simple Ways to Secure Emergency Funds As per a survey, 75% of Indians lack emergency savings and could fall behind on their EMIs in case of a layoff. An emergency fund is an important part of saving which should ideally equal 3 to 6 months of one’s salary. If you are thinking of […]
What Is SIP Investment – Meaning and How It Works SIP (Systematic Investment Plan) is one of the most popular ways of investing in mutual funds, with inflows reaching an all-time high of ₹21,262 crore as of June 2024. If you want to build wealth through investments but lack the time to study the market […]
Understanding Hard Inquiries and Their Impact on Your Credit Score Before granting any loan, lenders and creditors usually check a borrower’s credit score. A credit score is usually between 300 and 900 and indicates how likely an individual will pay their credit bill or debt on time. Having a high credit score increases one’s chances […]
Buy Now, Pay Later (BNPL): Meaning and How Does It Works As online transactions become more common, one such plan that is becoming increasingly popular is the Buy Now, Pay Later model. As per reports, Buy Now Pay Later online customer base in India was 5 million in 2021 and is expected to grow to […]
Things to Know About Loans Against Mutual Funds Getting a loan against mutual funds is a good option if you want quick access to cash without liquidating your investments. If you have built a good portfolio of mutual funds, you can use that as collateral to take a personal loan. If you need funds for […]
पर्सनल लोन के लिए क्रेडिट स्कोर कितना होना चाहिए? लोन के लिए अप्लाई करते वक्त, आपका क्रेडिट स्कोर सबसे ज़रूरी चीज़ होती है जो ये डिसाइड करती है कि आपका लोन अप्रूव होगा या नहीं। ये तीन अंकों का नंबर बताता है कि आपको कितना ब्याज देना पड़ेगा और आप कितना पर्सनल लोन ले सकते […]
What is Fast Loans: Features, Interest Rates, & How to Apply Online? Gone are the days, when getting a loan meant going to a bank, waiting in queue, and submitting a lot of paperwork to apply for a personal loan. Technology has made getting loans a digital, fast, and paperless option. Whether one needs to […]
Tips to Maximise Your Mutual Fund Investments Mutual funds can be a great investment if you are looking to build wealth. If you are a beginner or don’t have the time to monitor the market regularly, investing in mutual funds is a convenient option. The investor’s portfolio is typically managed by a fund manager, who […]
How is 650 a Good Credit Score?
Categories
How is 650 a Good Credit Score? When you apply for a loan or credit, lenders usually check your credit score. This is done to verify the creditworthiness of the borrower and assess their capacity to repay the loan. A credit score is a 3-digit score that ranges between 300 to 900. One may consider […]
