7 Facts About CIBIL Score That You Must Know
A bank or financial institution generally takes a few days to consider your business loan application before accepting or rejecting it. Do you know what an important factor is that can make a difference between accepting and rejecting the loan application? Yes, you’ve guessed it right. This factor is none other than the CIBIL score. CIBIL score is basically a summary of your credit history and reflects your creditworthiness. These 3-digits can make or break the situation. Hence, it plays a significant role in your loan application. This score ranges between 300 and 900. The higher is the score, the
Read moreHow Can Pre-EMI Calculator Effect Factors For Loan?
EMI includes various components such as the principal amount and the accrued interest. Sometimes, when the payee already has enough amount to pay the EMI or some amount of it, he/she doesn’t have to wait until the date appears. The payee can pay until the full disbursal is done. Let’s explain it with a layman’s example: Supposedly, Bindu’s salary gets credited on the 1st of every month, and her EMIs are dated every seventh of the month. Within a time span of 1st-6th, Bindu can pay the amount of her EMIs, and this amount will be known as Pre-EMI. The
Read moreDid You Know You Could Get Unsecured Business Loans In India?
India is a breeding ground of culture, religion, and frugal innovation. Put in a population of over one billion citizens to the mix—it becomes electrifying geography of companies that want to create scalable and marvellous business models. All you need is a little push, which ZipLoan is providing through their unsecured business loans to jump-start your business. Now, you might be wondering what an unsecured business loan is. A borrower often takes an unsecured business loan to maintain or expand an existing business without any collateral, which means the borrower need not pledge any of his property or assets. It’s
Read moreFree CIBIL Score Calculator: Benefits Of High CIBIL Score
Being a business owner, you must have heard about the CIBIL score. It is a three-digit numeric summary of your creditworthiness and credit history. This score is found by using the credit history on the credit report, also known as the Credit Information Report (CIR). CIBIL score ranges between 300 and 900, and it depends on how early and consistently you repay your previous loans. The high CIBIL score represents an excellent credit history . It is used by lenders and NBFCs while accepting your unsecured business loan application and to check your creditworthiness and the likelihood of your loan
Read moreFind Your CIBIL Score With Your PAN Card
A three-digit number that shows your credit history is known as CIBIL Score. This score, determined by employing your credit report, is also known as the Credit Information Report and includes your credit history. A CIR is your credit payment history across loan kinds and credit institutions. The CIBIL score ranges between the numbers 300 and 900. The perfect CIBIL score for a loan is 900 or close to it. Though a score above 700 is usually considered good. If your score is close to 300, there are higher chances of your application to be rejected. Before you connect with
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