September 2024

Introduction Have you ever wondered how missing a credit card payment affects your CIBIL score or why lenders are so strict about payment deadlines? You’re about to find out! Quick Quiz: What does DPD stand for?A) Days Paid DueB) Days Past DueC) Debt Payment Duration If you guessed B, you’re on the right track! DPD (Days Past Due) DPD is […]

A strong CIBIL commercial report is the cornerstone of a thriving business. It’s the financial passport that unlocks doors to loans, investments, and strategic partnerships. Representing your business credit report and creditworthiness, this numerical rating significantly influences lenders’ decisions, interest rates, and overall financial flexibility. Understanding the intricacies of CIBIL commercial report is crucial. A higher score signifies lower risk

Importance of a Good Credit Score in Loan Approvals Having a good credit score is crucial when applying for any financial product, such as an SBI personal loan or other SBI loans. Lenders, including banks and financial institutions, assess your creditworthiness by looking at your credit score, which reflects your repayment behaviour and financial discipline. Typically, a minimum CIBIL score of 750