Fema / RBI : आरबीआई और सिबिल स्कोर बनाएं सिरदर्द: अब आरबीआई और ...
Finance : If you're trying to apply for a personal loan with a low credit score, the first step is understanding exactly what a credit score...
Finance : A CIBIL score is one of the critical factors that determine your home loan eligibility. Based on this 3-digit score, lenders decid...
Finance : Your credit score and report form a crucial part of your financial profile. They also impact your ability to access funds quickly ...
Finance : Traditionally lender’s uses Credit Scoring as a major tool in its Credit Underwriting process. Traditionally lender verifies the...
CA, CS, CMA : It is hereby clarified that under the provisions of Chartered Accountants Act,1949 it is not permissible to members to share clien...
Finance : ♦ Patna reports lowest literacy levels with only 22% of borrowers aware of their CIBIL score, followed by Kolkata (25%) and Mumb...
Finance : Moody’s Investors Service (“Moody’s”) has upgraded the Government of India’s local and foreign curre...
Fema / RBI : WEF 01.01.2017, all Credit Information Companies shall provide, upon request provide a Free Full Credit Report popularly known as ...
Fema / RBI : The information contained in the CIR (which contains credit score) would be one of the factors that banks would consider before gr...
Corporate Law : Kiran David Vs Assistant General Manager State Bank of India (Kerala High Court) The petitioners are aggrieved by the denial of ed...
Finance : The issue under consideration is whether the writ petition filed against credit rating agency by stating that they are not authori...
Finance : In the present case, the education loan application had been declined on the ground that the CIBIL report of the petitioner's fath...
SEBI : SEBI updates Credit Rating Agencies Regulations, defining "liquid asset" and ensuring effective rating processes. Learn about the ...
SEBI : Explore SEBI latest circular enhancing ease of doing business for Credit Rating Agencies (CRAs) with updated timelines and disclos...
SEBI : Introduction: The Securities and Exchange Board of India (SEBI) has recently released Circular No. SEBI/HO/DDHS/DDHS-POD2/P/CIR/20...
SEBI : Gain insights into SEBI (Credit Rating Agencies) (Amendment) Regulations, 2023 for ESG rating providers. This analysis explores t...
Fema / RBI : Banks are advised to use ratings of following domestic credit rating agencies for risk weighting their claims for capital adequacy...
A good credit score is of optimum importance when you apply for a home loan to buy that house you always dreamed of living in. If you want a hassle-free home loan approval, you must have a credit score of 700 and above.
For every home buyer, the most important thing is to get the home loan application accepted by the lender. But this can be challenging for a person who has a low CIBIL score. And most people learn that after their home loans are rejected.
WEF 01.01.2017, all Credit Information Companies shall provide, upon request provide a Free Full Credit Report popularly known as CIBIL report
The information contained in the CIR (which contains credit score) would be one of the factors that banks would consider before granting any credit facility to a prospective borrower. However, it will be the commercial judgment of the concerned credit institution to grant loan or other wise to such borrowers based on their Board approved policies.
Circular covers following- 1. Formulation of Rating Criteria and rating processes and public disclosure of the same.2. Accountability of Rating Analysts
A credit score is a rating assigned to an individual on the basis of their credit report. The credit report is a summary of the debt held by an individual, the amount of credit that he or she may have availed in the form of loans or credit cards, the repayment history of the individual, the defaults on any payments, the number of credit applications made to different banks or NBFCs, and the utilisation of credit limits.
How do you know whether you are classified as a wilful defaulter? Quite simply, if you fit into any of the above four categories, as per the RBI definition you do. But if you’re unsure as to where exactly you fit in, your best bet would be to call for a copy of your credit report and go though it at length.
Entrepreneurship is a dream that many young people in India harbour these days. Recognising the need to support the new wave of entrepreneurship there are many programmes, incubators and contests that serve as a launch pad for many a young entrepreneur who is offering a unique service or product.
Whoever said money can’t buy happiness didn’t know how to manage their funds and go for shopping. We all need money, good credit indeed, to fulfil our desires. All the things that bring quantitative satisfaction can be practically owned with money. Managing your funds is an art and those who master this art enjoy good credit throughout their life.
Banks and financial institutions have a stringent process of screening the loan applications. They use the CIBIL score of an individual to check his credit worthiness. CIBIL (Credit Information Bureau of India) acts like a central database of loan and credit card information. Based on the payment records of customers it calculates a CIBIL Score and prepares a credit report which is then used by the banks to assess the loan eligibility. Given the fact that the CIBIL score is the first major deciding factor on whether you qualify for a loan or not it is imperative for you to have a good CIBIL score. Let’s understand the factors that affect your credit score.
