Credit bureaus are slowly warming up to signal risks of boom retail lending. Top officials are cautioning lenders on the sharp rise in retail loans especially unsecured retail loans that has been one of the fastest growing segments post COVID. Notably unsecured consumption-led products have risen a compounded annual growth rate (CAGR) of 47% from … Read more
The credit score is an important metric used by lenders to evaluate a potential borrower’s creditworthiness. TransUnion CIBIL is one of four credit rating agencies in India. Other bureaus include Experian, CRIF High Mark and Equifax A borrower’s CIBIL Score is based on details found in the ‘Accounts’ and ‘Enquiries’ sections of that individual’s CIBIL … Read more
A credit score is one of the most important metrics that a lender uses to analyse an individual’s creditworthiness. A score of 750 or above is considered good and helpful in getting loans approved easily. However, maintaining a good credit score is not easy for many as it requires discipline, money management skills, and most … Read more