Your loan application is rejected because you don’t
have any credit history? How do you build your credit history ? Well yes it’s a
cycle of credit and credit again!
As per two recent notification by the Reserve Bank of
India, all banks and other lenders need to take into account 'credit
information reports (CIRs)' from one or more agencies in all lending decisions
and account opening, and also a loan applications should not be rejected just
because the applicant has no credit history. So let’s get…
