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Author Archives: Radhika Binani

5 reasons your loan approval can hit a roadblock despite good credit score

Loan approval emi

Lenders evaluate loan eligibility on the basis of multiple factors like credit score, income, job profile and stability, age, etc. The importance of each of these factors would vary depending on the credit risk matrix used by the lenders and the type of loan applied for. Having a good credit score can certainly improve but […]

5 tips to build a strong credit score

credit report pic

Lenders use credit score as one of the first filters for evaluating loan and credit card applications. Several lenders have also started using credit score to set the risk-based interest rates for their loan applicants. Its rising importance in our financial lives makes it essential for all to work towards building a strong credit score. […]

How to take loan if you have low credit score

Options to take loan if you have a low credit score

Given that unsecured loans like personal loans and credit cards are not backed by any security or collateral, lenders lay a greater emphasis on credit score while evaluating loan applications. So those having a poor credit score have lower chances of availing unsecured loans or are charged higher interest rate to make up for the […]