slide

Here are the ways to 
build a credit profile before you apply for a loan

Taking a big loan is often seen as a sign of financial stability and success in India.

Securing a big loan from a formal financial institution is difficult and involves strict eligibility criteria.

Credit score is one of the most crucial factors considered by lenders.

Building a strong credit profile can be daunting for young adults with limited credit history.

Check your credit report for errors before applying for a loan.

Use digital lending apps and NBFCs to access small loans and payments.

Pay all your bills on time to maintain a good credit score.

Keep your credit utilisation ratio below 30%.

Maintain a mix of credit to positively impact your credit score.

Click here to know more about 
how to build your credit profile. 

Check here for more personal finance-related stories. 

Here are the ways to  build a credit profile before you apply for a loan

Building a strong credit profile is essential for loan approval and can be achieved by checking credit report, using digital apps, paying bills on time, maintaining credit utilisation and mix, and monitoring credit score.

Yield-to-maturity in debt mutual funds continues to trend downwards: Report

Magic of compounding: An SIP of ₹15,000 a month in this scheme would have grown to ₹74 lakh in 15 years

I-T department to conduct scrutiny where assessees failed to respond to taxmen's notices

7 features you must have in your health insurance policy

What are money market funds and why should you invest in them?

5 surprising factors that can affect your health insurance

Why shouldn't you have too many mutual funds in your portfolio?

Applying to schools and colleges: Here are money lessons one can learn from Irrfan Khan films

How to build a credit profile before you apply for a loan? Here are 6 ways

MF central: Manage accounts with multiple fund houses at one unified platform; Here's how

Holding a number of mutual funds in a number of AMCs is not uncommon. It is, therefore, vital to manage all accounts with ease and comfort

Stock Check: JSW Infra jumps almost 100% from IPO price in 5 months; should you still buy?

Currently trading at around ₹236, the newly listed JSW Infra has surged almost 100 percent jump from its IPO price of ₹119 in less than 5 months. Technical and fundamental experts suggest if you should still buy the infra stock.

Axis Mobile App ranks top position on NPS leaderboard

According to a survey, Consumer awareness was most notable for payment platforms such as Paytm, Google Pay, and PhonePe. However, when it comes to Net Promoter Score, Axis Mobile App claims the top position with a score of 59, followed by ICICI Bank's iMobile Pay, and then BHIM.

Weekend Wrap: From Trent to Adani Power, top news and market movers this week: 27 October 2023

The stock market cycle is always a few months ahead of the economic cycle.

From top news makers to market performance, here's the market wrap for the week ended 27 October 2023.

Why rebalancing a portfolio provides a safety net against volatility?

Investing isn't a 'set it and forget it' game.

Rebalancing a portfolio provides a safety net by helping control volatility and minimizing the impact of market downturns, even though it may not always yield higher returns compared to an unbalanced, equity-heavy approach

Here are the ways to build a credit profile before you apply for a loan

Building a strong credit profile is essential for loan approval and can be achieved by checking credit report, using digital apps, paying bills on time, maintaining credit utilisation and mix, and monitoring credit score.

Topics to follow