Understand Credit Score & Credit Information Report (CIR) - In general, every credit rating agencies like CIBIL, Experian etc. allotting a three-digit number, typically ranging from 300 to 900, that is the result of an analysis of your credit file....
The Rs 3-lakh-crore Guaranteed Emergency Credit Line (GECL) was announced as the relief package for the MSMEs (Micro, Small and Medium Enterprises) as well as other business entities. GECL is said to be cheaper and easy working capital. For the...
Bankruptcy Code suspension for one year, announced by the finance minister of India under COVID-19 relief package. It is done to provide relief to the companies from failing in commitment of repayment. It means companies are now not dragged into...
Calculation of Cutback is an important parameter for deriving the loan eligibility. THE amount you can borrow from banks or any lender depends on how much you can afford to repay per month in EMIs or Equated Monthly Instalments. What the...
Unique Document Identification Number (UDIN) is being introduced by CA Institute for Checking Authenticity of CA-Certified Documents. Using UDIN, Banks and other regulators like RBI, SEBI etc, will now have a mechanism to check the authenticity of various documents certified by practising...
A big relief for lenders and bad news for defaulter of loan or credit card payment or someone who are evading the bank by not receiving their calls or changing your residence ? - Bombay High Court has ruled that...
Security Coverage Ratio - This is the most required terminology in the field of loan assessment. Majority of loan inclusive of Term loan and SODH limits are assessed based on this formula. Security or asset coverage ratio is the measurement...
How Does RBI Rate Cut Impact EMI of Loan ? - Reserve Bank of India has cut the repo rate in their bi monthly review for year 2016-17 by 0.50% to 6.50% present. After the reduction of Repo Rate many of...