The credit bureau calculates the latest credit score and shares the applicant’s complete credit history with the lender so that they can assess the risk of credit of approving the applicant’s application.
One of the most important criteria credit card issuers consider is your CIBIL score. It is a three-digit score between 300 and 900 that determines your creditworthiness. Your credit card application may be approved or rejected based on this. Therefore, it is important to understand the CIBIL score for a credit card before applying for one.
There is a steep rise in legal mobile lending in India. This however, has become a blessing in disguise for apps from scammers. The extent of fake loan apps is so high that Google’s Play Store had to remove over 200 of them since the last quarter of 2021 due to policy violations. But they […]
By Dr K Srinivasa Rao Innovations in financial intermediation led by fintechs and virtual banks have changed the landscape of lending to retailers and small and medium entrepreneurs. Hyperactive digital lending by new-age tech entities has begun to pose a challenge to banks and regulators. Falling in line with the competitors, banks have also partially […]
