5 Tips that Can Help You Raise Your Credit Score

A recent study involving around 1500 individuals showed that more than 60% of the respondents know that a good credit score increases the chances of getting loan approval. However, only 15% of the participants knew their credit rating. Studies also suggest almost 85% of the Indian population carries a credit score of less than 800. A credit score is a three-digit number which helps determine your creditworthiness. It ranges from 300-900, and a score of 750 or higher is considered better. Credit information companies like TransUnion CIBIL calculate the rank…

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Investment tips to minimise losses during a stock market crash

Making money during an economic slump requires discipline, cost control and doing what’s right given the situation at that very moment. This means that you may not be able to predict market behaviour, but you must have the best investment plan in place if the market crashes. If you are a long-term investor, it is important to remember that a downtime is part of the cycle and emotions should not cloud your financial decisions. The best investment plan will not only help you cut your losses but help you increase…

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What are the Credit Score Requirements for Credit Card Approval?

There are 4 credit bureaus in India but the credit score provided by Credit Information Bureau (India) Limited or CIBIL is the one considered by more than 2,400 financial institutions. The credit or CIBIL score they provide is based on the Credit Information Report (CIR). The CIR contains personal information, credit utilisation, numbers of enquiries, credit mix, and several other details of a creditor as forwarded by a lender. The CIBIL score ranges from 300 to 900 and is dependent on how sound the CIR is. Generally, a score above…

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Why is Personal Loan a Better Option for You?

In the past few years, the financial sector in India has witnessed a significant change with the advancement of technology. In fact, statistics show that lenders in this country are likely to grow by 25% – 30% in the upcoming years. The industry also expects to see a growth in the demand for personal loans. Of all other financial products, personal loans are in demand because of their versatility, flexibility, and accessibility. For those who need a high amount of finance to cater to immediate monetary needs, a personal loan…

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Ease Your Debt This Diwali With Loan Against Property

As you go through life, you find there are a few moments when you need to take a leap of faith. Only then can you achieve greater success and glory. For instance, you may have started a business. But, to steer the company through its initial stages, you have racked up numerous debts, due to which the company is mired in multiple debts. To ease the situation, you need a large capital inflow. However, the only option you can foresee to get out of debt is to sell your house.…

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Know – Is loan against shares are right for you?

Money is power in today’s time and has been a power since time immemorial. Yes, money is not everything but holds importance in many occasions and time. Sometimes, there could be situations that may demand an immediate flow of money, and you may not want to resort to a higher interest rate based lending instruments. In the same context, when you apply for a loan against shares, you may be able to grab a higher amount as the loan value at a lower rate. Since your collateral, in this case,…

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Things to Keep in Mind Before Applying for a Loan Against Securities

You may have built your investment portfolio thinking of future needs, retirement, and emergencies. The various securities you have, be it stocks, mutual funds, bonds and other investments, are a way to grow your wealth and provide liquidity when you face a cash crunch. Since your securities offer high returns, especially when invested in the long term, you no longer need to sell them, to access funds. Instead, you can use your securities in another way, by taking loan against them. A loan against securities uses your securities as an…

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The Top 3 Samsung Smartphones in India

Samsung was incepted way back in 1969 as Samsung Electric Industries and is a South-Korean company which makes TVs to semiconductors. Samsung launched its first smartphone in 2009, and its first Android tablet saw its launch in 2010. With the passage of time, the company has emerged as one of the biggest smartphone players globally. Even in the Indian smartphone market, the company is one of the top two smartphone manufacturers along with China-based Xiaomi. If you are a fan of Samsung smartphones and wanted to the tops selling smartphones…

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