The RBI Credit Scoring Rules 2025 are set to bring significant changes to how your credit score is calculated—and how it affects your loan approvals. If you’re planning to take a personal loan, business loan, home loan, or even a credit card in 2025, understanding these new rules is essential. These changes aim to make...
When you need extra funds while already repaying a loan, two popular options are often considered: Top-Up Loans and Loan Refinance (also known as Balance Transfer). Both options serve to ease your financial burden but work differently and serve different purposes. In this guide, we’ll break down the differences between top-up loans vs refinance, their...
EMI Bounce is a term that refers to the failure of an Equated Monthly Installment (EMI) payment from a borrower’s bank account. When an EMI bounces, it means that the scheduled payment could not be processed due to issues such as insufficient funds or technical problems. This not only results in financial penalties but also...
How Loan Enquiries Are Secretly Damaging Your Credit Score is a concern for many borrowers who may not realize that simply asking for a loan can have a hidden negative impact on their credit profile. In today’s competitive financial environment, even minor details such as multiple loan enquiries can lower your credit score and affect...
Kolkata, a city steeped in culture and history, is also a dynamic economic hub with a rapidly expanding market. This unique combination offers aspiring entrepreneurs a wealth of opportunities, blending traditional businesses with innovative new ventures. If you’re looking to tap into Kolkata’s vibrant economy, here are 15+ profitable business ideas designed to thrive in...
Introduction A Letter of Credit (LC) is a crucial financial instrument used in international and domestic trade to ensure payment security between buyers and sellers. It acts as a guarantee issued by a bank on behalf of a buyer, ensuring that the seller receives payment as long as the specified conditions are met. In this...
Introduction A bank statement is a crucial document that helps in tracking transactions, applying for loans, tax filing, and financial planning. The State Bank of India (SBI) offers multiple ways to download your account statement online and offline, ensuring seamless access to your financial records. This guide provides a step-by-step approach to downloading your SBI...
Introduction A credit report is a crucial financial document that determines an individual’s creditworthiness. Among the four major credit bureaus in India, Experian is one of the most trusted and widely used. The Experian Credit Report provides a detailed analysis of an individual’s financial history, including loan records, repayment history, and overall credit behavior. Understanding...
For individuals and business owners in India, understanding the distinctions between business credit repair and consumer credit repair is essential for maintaining financial health. Both processes aim to correct inaccuracies and enhance creditworthiness, but they address different types of credit reports and operate under varying regulations. A poor credit score, whether personal or business-related, can...
Introduction Credit utilization is one of the most important factors in determining your credit score. While maintaining a low credit utilization ratio is beneficial, having zero credit utilization may not be as advantageous as you think. Many borrowers assume that avoiding credit altogether will help their credit score, but in reality, it can have the...
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