Loan tenure, or loan term, refers to the duration a borrower takes a loan from a lender. It is the…
Browsing: Guide
CIBIL stands for Credit Information Bureau (India) Limited, India’s first credit information company. It collects, maintains, and updates the credit…
Creditworthiness is an essential concept in the financial world that helps determine whether a borrower is qualified to receive credit,…
Debt to Income ratio (DTI) is a financial metric that measures the amount of debt an individual or business has…
Loan-to-value (LTV) ratio is a financial term helpful to express the relationship between the amount of a loan and the…
Credit rating is an assessment of a borrower’s creditworthiness based on their credit history, financial statements, and other factors that…
When applying for a loan, borrowers may encounter various charges levied by the lender. These charges can include upfront charges…
A credit score is a three-digit number that represents an individual’s creditworthiness. It is a numerical expression of a person’s…
Repo Rate The Repo Rate is the interest rate at which a country’s central bank lends money to commercial banks…
The Rate of Interest is the amount a lender (Banks/NBFCs/etc.) levies on a borrower for any debt given, typically a…