Forum

You can get a Rs. 50,000 loan by applying for an instant loan online. The process for applying for instant loans online is mostly the same across all portals. This can especially be helpful if you have no credit history or have a poor credit score. 

To buy a house, most individuals require home loans. For home loans, lenders first check an applicant’s credit score. Ideal credit scores for home loans must be 750 or above.

A credit score of 637 may not be preferred by lenders while buying a car through a loan. While it may be possible to get a car loan with a 600+ credit score, the interest rates and other loan terms may not be favourable for you. A score above 700 is generally good and a score above 750 is favourable. 

Instant approval credit cards provide a convenient way to deal with the credit card application process. Instant approval means that an online credit card application can get instant approval, sometimes in a matter of a few minutes. 

HDFC offers five different credit cards with the lifetime free option. Here is the list of these cards and some of the key features of each

The majority of credit cards do not require a deposit. They are sanctioned based on the credit score of the individual and the income of the customer. 

As per the latest Supreme Court orders, banks cannot declare any loan an NPA till further notice. 

When a loan becomes an NPA, Non-Performing Asset, the bank has the right to confiscate the property or asset purchased through the loan. They can then auction the asset to pay against the loan outstanding. 

Paying on time alone is not enough; you need to pay attention to your credit utilization ratio. 

Missing credit card payments affect your credit score. By how much your credit score will be impacted depends on how long the bill is overdue.

It will take anywhere between 4 to 6 months to improve your credit score to 700, depending on where your current score is. 

Cashbean loans do not take your credit history into account and hence your CIBIL™ Score will not be affected when you apply for a loan with them. 

Fixing your credit is a long term process. This doesn’t happen overnight. A good credit score necessitates disciplined credit management. Although you won't be able to raise your credit score overnight, taking these steps would have a huge effect.

If your credit score is less than 650, it could be difficult to get a good home loan with the best interest rates. It is time to start taking some serious measures to fix your credit so that you can avail the best home loans in the market. 

Your credit score is made of many variables. Debt repayment can lower your credit score if it alters your credit mix, credit usage, or average account age.

A loan will lower your credit score in the short term, but making on-time payments will restore it and help you improve your credit.

A business credit card may have an impact on your personal credit score, depending on the card issuer and how you use it. 

650 is not a ‘Great' credit score, but it is a ‘Fair' score. It can get you a business loan if you are able to submit substantial documentary proof to support your repayment capacity. 

The Mudra Yojana is a collateral-free loan that can be used by individuals who need funds for business purposes, such as expansion, company formation, or establishment modernization, among other things. This credit may be used to create a new business unit or to extend an established one.

Mudra Shishu scheme offers loans up to Rs.50,000 as collateral-free loans to eligible businesses. 

Shishu Mudra Loan is one of the offerings as part of the PMMY Mudra Yojana. Under this scheme, borrowers can get loans up to Rs.50,000 to meet their business requirements.