Credit Score:

A credit score is a statistical number that evaluates the consumer’s credit eligibility and is based on credit history. The borrower uses a credit score to evaluate the probability that a person will pay his debts.

how to improve credit score: credit score

Every credit bureau company has a different way of calculating your credit score and therefore your credit score may vary according to every company. No company discloses how they calculate credit scores. But still, we are talking about banking that you should take care of credit score.

1. You keep more money from the minimum amount in your account.
2. You should also withdraw money from the account and make deposits so that your continuity remains. And the bank does not understand you depressed.
3. If you have a credit card, you pay the bill on time. If you pay your credit card bill after the due date, then you will have to pay a penalty and it will also reduce your credit score. The bank will feel that you are careless. Which is not right for you.
4. suppose you have already prefixed loans like personal loans and credit cards. Many people keep receiving credit cards from different banks. All this poses a negative impact on your credit score.
5. When you take responsibility for someone in the bank and you get a loan for him, you become a guarantor. And if the person is negligent in repaying the loan, then it can affect your credit score.
6. If you recently opened a lot of accounts or took a lot of credit card, then it indicates that you need a lot of credit. And you already have a loan Which is not right.
7. It will have a positive impact on the amount you pay on time.
8. If you use a credit card, you know that your card has a credit limit. This means you can spend a maximum amount on the credit card. If you spend more than the limit, it can have a negative impact on your civil score.
9. suppose you do all your work with a loan and a credit card, keep in mind that you should balance your secured loan and unsecured loan. If your unsecured loan gets more than a Secured loan, then it will not be right. It means you have a lot of loan against the unsecured loan.

Unsecured Loan = Personal Loan, Credit Card
Secured Loan = Home Loan, Auto Loan

What does not make a difference to your credit score?

How much did you study, what your gender is, what are your caste and religion. This kind of thing does not make any difference to your score.

You have done anything in your Savings Account, Fixed Deposit, Investment, and Insurance, it also does not matter if a credit score is made.

Cibil score only depends on your credit behavior and not on anything else. So you avoid misunderstandings. 

What kind of information does the credit report contain?

You can also get your information from the credit bureaus and find out what is your credit score

Your credit report consists mainly of 5 types of information.

1. Your credit or civil score.
2.  All your information such as your name, pen card number, passport number, your mobile number and your address.
3. Cybill scores also have a source of income. What do you mean?
4. It also contains information about all your accounts. Like your angles – there are accounts in the bank. When and how long have you taken a loan? What are your accounts in? When this account has been opened.
5. Now you might be thinking that how much information do these companies know about. Companies can create such a record by taking such information from the banks. And they use the same information. Which you give when taking a loan in the bank. (improve credit score)

Now you have come to know what is the credit score. If you have any doubt in your mind then please comment.

How to get bike loan on Installment

How to Login HDFC Internet Banking

Bike Loan, Scooty Loan & Motorsaikal Loan

Everyone has a dream of dreams. Especially I have a brand of new bike. But there is a problem of  money. They do not have so much money. So that they could buy the bike. If you want to buy a bike (Two wheeler) then you can get finance from the bank. Instantly,  How to take a loan for bike today’s. Today I am providing complete information about giving the necessary documents, interest rates and other complete information for the bike or two wheeler.

First You should make a budget for two wheeler:

The first thing you should always make  budget before buying any item. Prepare a balanced budget for bike too.
Motorsaikal manufacturers offer incomplete information to attract customers. So first go to the dealer or call up him to get bike prices and other information over the phone. Then you can decide how much down payment you have to make according to your budget.
After deciding the budget, know about the rate of interest on the loans given to the banks. If an offer is running then take advantage of that offer.

Documents required for bike loan: Two Wheeler Loan

We are telling you the necessary documents,  you can prepare documents with the help of it.

1. Photo identity proof

            Passport size photographs, at least 2 to 6 are recommended to keep your loan application easy.

       2. Identity proof

• Passport
• Electoral voter identity card
• driving license
• Pan Card
• Aadhar Card

       3. Address proof

            Permanent Address Proof: PAN Card, Driving License

       4. Employment certificate

• For salaried employees:
  Employment or proposal letter
  Bank statement
  Salary Slip
• For Self-employed:
  Latest Form 16
  Bank statement
  Proof of income source

Interest rates on motorcycles : Two wheeler Loan

All banks offer two wheeler loans on motorcycles at different interest rates. Normally rates vary between 11% to 18.25%. For information on new interest rates, contact the bank.

At present, the interest rate of these banks is as follows.

Hdfc 14.03%
Pnb 10.20%
Sbi 12.65%
Dena bank 11.35%
Bank of India 9.35%
Allahabad Bank 11.80%

How much loan amount will be given for two wheeler:

If you are taking a loan for the motorsaikal, then the bank lends itself up to 80 to 85 percent of the bike’s exhaust price. If you are buying a bike of 1 lakh, then it gives 70 to 80 thousand rupees as a loan. Bank Bike Loans are not paid for less than 20 thousand rupees All of these banks have different rules.
If you are taking a loan on a bike, it should be paid between 12 months and 60 months. It depends on the rules of banks. The minimum age of applicant to take the loan on the bike must be 21 years. Two Wheeler Loan

How is a loan taken on a motorcycle? What is the amount of money on the motorcycle? Have given all this information. Still, If you feel any mistake, any question or there is an update about this post, please let us know by leaving a comment in the comment box below. Two Wheeler Loan

National Bank for Agriculture and Rural Development

Non Performing Asset – NPA