₹3 lakh personal loan eligibility: Is a credit score of 510 good enough? | Mint

₹3 lakh personal loan eligibility: Is a credit score of 510 good enough? | Mint

Source: Live Mint Securing a personal loan with a credit score of 510 poses significant difficulties for aspirational borrowers. Generally, a credit score below 600 is considered poor and inadequate. It indicates improper financial planning on the borrowers part and a possible history of defaults or high credit utilisation. Most of the banks and financial…

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Want a better credit score? Gain 100 points in just 30 days — Here’s how | Mint

Want a better credit score? Gain 100 points in just 30 days — Here’s how | Mint

Source: Live Mint In today’s financial backdrop a solid credit score is important for securing favourable loan terms, credit card approvals along with securing other credit lines such as home loans, education loans etc. That is why aspirational borrowers should focus on aiming to boost their individual creditworthiness swiftly. This can be achieved by implementing…

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Significance of credit score: All you need to know from banking to insurance | Mint

Significance of credit score: All you need to know from banking to insurance | Mint

Source: Live Mint In today’s world, credit reports and credit scores have become synonymous with financial health and stability. These tools, once primarily used by banks and financial institutions to assess a borrower’s creditworthiness, are now influencing far more aspects of a person’s life. From determining eligibility for a loan to impacting job opportunities, insurance…

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Credit score: Banks take THESE 5 key decisions based on your creditworthiness | Mint

Credit score: Banks take THESE 5 key decisions based on your creditworthiness | Mint

Source: Live Mint In India’s rapidly evolving financial landscape, clearly understanding what lenders foresee or find out from your credit score is crucial. As a general rule, currently a credit score of 750 or above is considered excellent. Such a high credit score and unblemished repayment history significantly influences loan approvals by making the entire…

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How to apply for Federal Bank Visa Imperio Credit Card online? A step-by-step guide | Mint

How to apply for Federal Bank Visa Imperio Credit Card online? A step-by-step guide | Mint

Source: Live Mint Digital banking services continue to scale up and gain traction in the country. Following the same objectives of growing and scaling up, Federal Bank has streamlined the process of applying for its coveted Visa ‘Imperio’ credit card. This particular credit card caters to the evolving needs and aspirations of tech savvy customers….

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Spouse security for personal loans: What Indian borrowers need to know | Mint

Spouse security for personal loans: What Indian borrowers need to know | Mint

Source: Live Mint Personal loans are gaining popularity across India for their easy availability and flexibility. Due to the same many borrowers question and wonder if their spouse’s security or co-signature is necessary for loan approvals. The answer to this question largely depends on several different factors such as, the lender’s policies, the loan applicant’s…

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Are loan inquiries hurting your credit score? Here’s the truth behind the numbers | Mint

Are loan inquiries hurting your credit score? Here’s the truth behind the numbers | Mint

Source: Live Mint As borrowing and lending is becoming digital in India, the borrowers are increasingly careful about their credit scores and the integrity of their credit profiles. Every borrower now clearly understands and recognises the importance of the impact that multiple loan inquiries have. That is why it is always prudent to inculcate responsible…

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