Every small or medium enterprise, whether a new entity or an established one, aspires to expand its reach and operations. This growth often requires a financial boost, making business loans a common avenue for them. However, MSMEs often face challenges... View Article
Synopsis: Loan restructuring allows borrowers to modify terms like interest rates and tenures to pay back loans under challenging economic situations. Join us as we explore how the loan restructuring process works and expert tips to make the most out... View Article
Synopsis: In this article, we will explore what credit history is and why it is essential. We also discuss its crucial role in shaping decisions about loan approvals and interest rates. Among the hordes of financial advice often dispensed by... View Article
Synopsis: In today’s blog, we will explore the key differences between a credit score and a credit risk assessment for evaluating a borrower’s creditworthiness for the purposes of sanctioning a loan. The decision between a loan extension and a loan... View Article
The demand for Loans Against Property (LAP) has been soaring due to their secured nature and no end-use restriction. A LAP is a loan issued against an existing property by financial institutions, including banks, NBFCs, as well as HFCs. Loans... View Article
A CIBIL score is a three-digit score that indicates the credit score of an individual or a business alike. Having a good CIBIL score is essential because a good score is directly proportional to one’s creditworthiness. In other words, the... View Article