CIBIL Credit Score really necessary for Home Loan..!

There are various banks and nbfc's in the market who finds lower credit score of home loan applicants but still provides loan to customers. How they are doing it, as generally there is so much hype that if your score is low then you don't get any loan unless it is improved to a sufficient benchmark.

Let's discuss what this benchmark are and how they are roughly decided by the banks:

Generally for a home loan cibil score till 630 or 650 also consider to disburse a loan to customer, because home loan is a secured loan where in banks have a security and loan applicant is meeting all other eligibility criteria to get that loan. If only cibil/experian/equifax/crifhigh mark credit score is low then banks tend to ignore this factor as well.

Because in today's financial industry, if a one bank will reject application then multiple other banks are standing on a queue to provide loan to that customer. So for banks also it is always a subjective call, whether to sanction a loan to an applicant who has low credit score or has defaulted in the past and has a series of settlement or write off in his credit report.

If any individual find itself in this type of scenario, then they should not panic. They can get in touch with credit 4 loan and be rest assured that they will get best advisory at lowest service fees and with result oriented programs.

If someone has to apply for a home loan, then it is always recommend that they should check their credit score first. If they don't know about where to check or which is a genuine website to check then they should get in touch with credit 4 loan. Because Credit 4 Loan is well experienced and has a better knowledge about credit score parameters, loans with low credit score and credit cards.

Score changes in cibil will get lessor by a week..!

In a recent interview with Livemint, Harshala Chandorkar (chief operating officer), TransUnion Cibil said currently data is submitted and updated two weeks after the month end. Wherein banks and cibil, working together to send the data to the cibil credit bureau within a week of every month end, instead of a fortnight at present.

In 2015, RBI has directed all the banks and NBFCs to become a member of all Credit Institutions Company (CICs) such as CIBIL, Equifax, Experian and High Mark and share all credit data with them.

Central Bank has also asked all the banks and NBFCs to update all credit data every month or shorter interval mutually agreed by both the parties.

We have also heard where there is data, they are prone to erros. So if you find that you’ve some data missing or incorrectly updated in your credit report you can approach Credit 4 Loan, Who has assisted individuals with the required solution to ensure they become tension free again.

What else directly you can do: directly contact cibil, respective banks or NBFCs or banking ombudsmen for the required correction.

Following are important website links:

1.       CIBIL: www.cibil.com

2.       Credit 4 Loan: www.credit4loan.com

3.       RBI: www.rbi.org.in

Some banks and NBFCs website links if required:

1.       HDFC Bank: https://hdfcbank.com/

2.       ICICI Bank: https://www.icicibank.com/

3.       SBI: https://www.onlinesbi.com/

4.       BAJAJ FInserve: http://bajajfinserve.in

5.       DHFL: https://www.dhfl.com/

Above links will help you to get the required help, still if you need any suggestion do write a comment or contact Credit 4 Loan for the same.

How Mission Shakti is related to everyone in their daily life

Let’s think from a country perspective, in case of an extreme threat if we blind rival country technology then how good that will be to us. It is a technology that directly hits out a satellite in a space where in if necessary we can make our rival country go blind in a need of hour to gain an advantage over it. We should thank to our science experts like DRDO (Defence Research and Development Organisation), ISRO (Indian Space Research Organisation) for their efforts and hard work for giving India an advantage and to be in the 4^th country who has this technology like super power.

A very special thanks to our honourable Prime Minister Mr. Narendra Modi #NaMo for all his appreciation to mission shakti & its team and making India pride towards this moment.

The same way, we as a responsible citizen need to be alert in our financial planning as well, whenever we’re looking for a loan we should not directly approach a bank, we should check our cibil credit score first so we can get to know that our credit score is appropriate and we are eligible for that loan in terms of credit score.

Mission Shakti is a term, where we need to take lesson that the way India is getting stronger in its technology, even we need to become a stronger to support our families and for that being a financial healthy is a key to success. So if your credit score is low or your loan application getting rejected then also don’t panic, there are companies like Credit 4 Loan, who assist individuals to improve credit score and make you eligible for loan again.

So, let’s support India, Mission Shakti, Our honourable PM & make a successful life ahead.

Ignorance is not a bliss always, Check Your Score Always.

You spent your whole life in earning and fulfilling day to day task and your family expenses, by paying utility bills to cards and loans EMI (Equated Monthly Instalments). In a nutshell, A normal individual always plans for his/her future and takes a step accordingly.

In financial planning it might like taking a loan for a new car, home loan, personal loan or a gold loan for meeting your needs. Mr. Mukesh also thought the same as he was planned his future so well that till the age of 36 his life was completely sorted. But then slowly and suddenly he started getting problem from everywhere as it said problem will never knock the door before entering your life.

Improve CIBIL Score

Mr. Mukesh got medical problem at his house, he spent all his life saving of almost Rs. 6 lacs, sold his car also. But due to rising cost of medical treatment in India out of option he had to apply for a loan but as we spoke, problem never knock the door, his personal loan application got rejected by his own HDFC Bank, he had a salary account but still got rejected and reason cited was CIBIL Score.

His CIBIL (Credit Information of Bureau India Limited) score was below the expectation banks required. He got to know that almost a decade before he took few loans and credit cards which he didn’t paid well, like few he settled and few were left into written off status. He got worried now what to do..! When he require a loan almost all banks like ICICI, Axis, CITI, Bajaj, State Bank of India, etc rejected his application due to poor cibil score and negative remarks on his cibil report.

After checking his report he tried all means to get rectified by himself but as bad time he was facing, it didn’t help and then he found Credit 4 Loan which is a cibil score improvement advisory firm on the internet. After which he did research about the company and kept his trust on them. Well, bad phase never stays for longer time as Credit 4 Loan has helped him to improve his score and close down all his account. He now got a loan and making his EMI payment on time.

In Order to improve your Credit Score also please Contact "Credit 4 Loan" - “Credit 4 Loan is a company who works with individuals throughout their credit improvement series, In which individuals who suffers rejection on their Home Loan, Personal Loan, Credit Cards, etc. due to their poor credit score & credit report gets help in enhancing their credit score at a level, Where they'll be eligible for their loans & cards at best interest rates in the market."

P.N: This article is presented for education purpose only. Actual situation may vary.

Personal Loan without CIBIL Credit Score!!

In today's financial scenario, Every individual seeks for a loan, Whether it is personal loan, home loan, business loan, machinery loan, etc.

Basics to get a loan are very simple:

Where if following documents are meet then person gets a loan

1. Basic KYC
2. Income Proof
3. Bank Statement

But very few people are aware that apart from this your cibil credit report is also require and equally important to get you a loan sanction in minutes.

Yes, It is true.

If anyone having CIBIL Credit Score less then 750, then it becomes very difficult to get a loan, while if someone having score more than 750+ and meeting above said documents criteria said to be a happy person with big smile on thier faces compare to people who has low cibil credit score.

It is always advisable people to check credit report and credit score first before approaching any financial institution to avoid further shock from those institutions.

Credit Score is easily available, ask Credit 4 Loan, And you'll get it quickly.

So, if applying anywhere for personal loan or any other loan, Kindly check credit score, 

Because it is always better safer then being sorry in the end

Not just horoscope, your CIBIL score can also impact your marriage

Apart from taking stock of family, personality, compatibility and pay packages, families are now also concerned about the CIBIL score of a prospective groom.

Are you a bachelor living in Delhi and planning to get married anytime soon? You might be earning well and even consider yourself an eligible bachelor, but are paying your credit card bills and EMI payments on time? This affects your CIBIL score, and may also have an impact on your marriage prospects.

Apart from taking stock of family, personality, compatibility and pay packages, families are now also concerned about the CIBIL score of a prospective groom before getting their daughters married. Detectives are also being hired to get confirmed information about the CIBIL score.

And as per the trend, it is no less important than matching of horoscope, which is a custom in Indian marriages. According to experts, CIBIL score of a person shows the liability on him and also tells if he is capable enough to repay a loan.

Actual Article Link - http://zeenews.india.com/india/not-just-horoscope-your-cibil-score-can-also-impact-your-marriage-2098532.html

For Credit Score Improvement - www.credit4loan.com

Taking Home loan, Credit Score can Stop You

Home is a place which every individual desires for, a shelter which provides safety, gives a sense a belongingness and together with this gives you an identity.

Who doesn’t Dream of a home that’s their own? But in a world where Cost for a home is too high for the middle class people to afford, the dreams are shattered. People work hard and are still not fulfill this wish of their’s.

In such a Scenario, home loans provided by the banks are way out to achieve your dream. A way which helps you to fulfill you wish of owning a house.

But not to forget that availing home loans, comes with a cost. Cost of being punctual with the payments of interest and loan, cost of keeping a good Credit Score.

A credit Score is a 3 digit number provided by the CIBIL which represents the Credit rating and Credit Worthiness of an individual.

A Home Loan Application is only rejected if the individual:
a. Has defaulted payments in the past.

b. Does not have Good Credit Score.

c. Does not have enough past Credit records to judge him.

But Credit Score is definitely the most Vital tool to decide if the individual will be given a home loan or not :

1.     A good Credit Score is always a boon – A person with Good Credit Score gets home loan easily at low interest rates, because banks think people with high Credit Scores are reliable and trustworthy and also tend to have higher Credit worthiness. Thus Good Credit Score can be a blessing for you to get your own home.

2.     Poor Credit Score can put a brake on your dream of owning a house – Poor Credit Score can be bane for you as it will make it difficult for you to attain home loan. People with poor Credit Scores do not get home loans easily because banks think such people to be unreliable. Thus having poor Credit Score can put an end to the dream of owning a house.

But even if banks pass the application of home loan, they will charge high interest rate because they will find it a risky affair to provide loan to an individual with poor Credit Score.

If you want to get home loan and wish to have a house of your own but suffer from the problem of poor Credit Score. Consult – “ Credit 4 Loan” – “Credit 4 Loan is a company who works with individuals throughout their credit improvement series, In which individuals who suffers rejection on their Home Loan, Personal Loan, Credit Cards, etc. due to their poor credit score & credit report gets help in enhancing their credit score at a level, Where they'll be eligible for their loans & cards at best interest rates in the market."

This company has helped a number of people overcome the problem of poor Credit Score – Example of one such man – Mr. Damodar Pratap – A job holder, who all his life aspired to own a house but due to lack of Credit records banks were not ready to give him a loan. Credit 4 Loan provided him the consultancy services and helped him avail home loan.

Thus, always remember, the Key to your own house is just a Good Credit Score away