The FICO score is a 3-digit score and ranges between 300 – 850. FICO score is a credit score based on one’s credit history. It helps lenders assess borrower’s creditworthiness in a short period. Lenders need a quick way to check the credit history of the borrower.
Credit score is a 3-digit number between 300 – 900 and calculated by credit bureaus. The credit score falls in a rating given by the bureaus. In India, credit ratings given by CIBIL, Experian, CRIF Highmark and Equifax are most preferred by lenders. Given below is CIBIL score rating:
Credit appraisal, also referred to as credit assessment, is a procedure used by banks and non-banking financial institutions that evaluate a borrower’s capacity to repay personal loan. Lenders examine your past payments to gain insight into your payment patterns.
Everyone, at some point, has come across a challenging financial circumstance in their lives. At such moments, lakhs of rupees can be of big aid. This might be a medical emergency, money needed to save your company, or other emergencies.
A monthly budget is a financial plan that assists you in providing a transparent view of your earnings and outlays for a specific month. It is a strategy that assists you in allocating your income to different needs by your priorities.
This article explores digital loans against mutual funds and their respective advantages and disadvantages. One such kind of secured instant personal loan is a digital loan against a mutual fund wherein the borrower pledges their mutual funds.
If you are thinking of how to get emergency cash, this article will help you on how you can build an emergency fund and ways to secure it in case of a financial pinch.
Gone are the days, when getting a loan meant going to a bank, waiting in queue, and submitting a lot of paperwork to apply for a personal loan. Zype is one of the leading providers of instant loans with quick disbursal time. This article explains fast loans, benefits, and how to apply for one.
Buy Now, Pay Later (BNPL) is an option that allows one to buy goods and services without making the payment at the time of purchase. Instead, one can make the payments in instalments. Buy Now Pay Later is another type of credit transaction widely used online by e-commerce platforms.
A loan against mutual funds is getting a short-term loan while keeping one’s mutual funds as collateral. You maintain ownership of your funds and continue to earn returns and get dividends as applicable. You only have to pay interest on the amount you borrow and tenure.
Gone are the days, when getting a loan meant going to a bank, waiting in queue, and submitting a lot of paperwork to apply for a personal loan. Zype is one of the leading providers of instant loans with quick disbursal time. This article explains fast loans, benefits, and how to apply for one.
Mutual funds can be a great investment if you are looking to build wealth. If you are a beginner or don’t have the time to monitor the market regularly, investing in mutual funds is a convenient option. The investor’s portfolio is typically managed by a fund manager, who has a good understanding of the market.
