Credit Bureaus Never Forget
A few years ago, Aryan, a young professional from Mumbai, missed a few credit card payments. At that time, he thought it was not a big deal. He had just started his career, his exp
Credit Bureaus from the eyes of the Borrower
Credit Bureau assigns a 3 digit number called as credit score which ranges from 300 to 900. It serves as a numerical representation of a borrower’s creditworthiness, reflecti
Housing Finance: Traditional vs. Modern Lending Practices
The dramatic transformation of the housing finance landscape, from traditional to digital and customer-centric approaches, underscores the increasing importance of analytical skill
The Case for Merging MITC and KFS
The Most Important Terms and Conditions (MITC) and the Key Facts Statement (KFS) are crucial documents within the lending framework, provided to borrowers prior to availing finance
Is it fair? Part 3
When is your salary due? When is your telephone bill due? Yes, what you are thinking is right, typically it is the “END OF THE MONTH” If the answer is the end of the month, the
Is it fair? Part 2
In the first part of this series, we had talked about “unfair” practices followed by some HFCs/Banks/NBFCs who charge borrowers interest from the date the loan cheque is prepar
Is it fair? Part 1
There have been some practices followed by HFCs/Banks/NBFCs who charge customers interest from the date the loan cheque is prepared or “CUT” and not from the date the cheque is
Banking Access at Risk: The Dilemma of Deleting Credit Data
The idea to pen this topic occurred when a recent newspaper article headlining – ‘Under DPDP Act, credit data deletion may close access to banking too”, highlighted that how
Think before you apply for a loan
When you want to avail a loan you apply to various lending institutions. Don’t you? Also it is a common practice to apply to more than one lending institution for getti