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A Good CIBIL™ Score Is The Key To Get Quick Loan Approvals



Loans get a bad rep among borrowers. They believe the process is complicated, confusing and time-consuming. But, it needn’t always be so! Do you want to know the secret to getting your loan approved quickly? 

The answer lies in your CIBIL™ score. It’s the magical key that unlocks loan approvals and simplifies the entire process. Continue reading to find out what is the CIBIL™ score and how it matters in getting your loan approved quickly. 

What is a CIBIL™ score? 

Your CIBIL™ score plays a crucial role in your loan process. It’s the key factor that makes or breaks the lender’s trust on the borrower. TransUnion CIBIL™ is one of the authorised credit agencies in India that provides the credit scores of individuals and businesses. The CIBIL™ score is generated based on the financial data collected from banks, NBFCs and other lending institutions. 

The CIBIL™ score is a three-digit number assigned to individuals and businesses by TransUnion CIBIL™. The score is based on your credit history and is used by lenders to assess the creditworthiness of potential borrowers. 

The score gives an idea to lenders regarding the possibility of defaults and the risk factor in lending to a particular borrower. Lenders make various decisions based on the credit score like:

  • Whether to sanction the loan or not
  • The interest rate to offer the borrower 
  • Loan amount to sanction 
  • And other loan terms and conditions 

What are the benefits of having a good CIBIL™ score for loans? 

A good CIBIL™ score offers various benefits like:

  • Quick and fast loan approvals 
  • Easy access to loans, credit cards and other credit products
  • Better loan terms
  • More negotiating power
  • Higher loan amounts 
  • Premium credit cards 

On the other hand, a low CIBIL™ score makes it challenging to secure the right loans at times of need. For greater insight into CIBIL™ score and its role in loan approvals, continue reading. 

What is a good CIBIL™ score? 

A CIBIL™ score between 700 and 900 is considered good. In addition, a good CIBIL™ score offers various benefits to the borrower like:

  • Quick loan approvals
  • Low-interest rate 
  • Higher loan amounts
  • Longer repayment tenure 
  • Multiple loan offers 
  • Better loan choices 
  • Better negotiating power 

Why is a good CIBIL™ score necessary for loans? 

  • Irrespective of the type of loan – personal loan, home loan, car loan, bike loan or any other loan – having a good CIBIL™ score (above 700) increases the chances of getting the loan approved. 
  • Additionally, having a high CIBIL™ score makes the loan process quicker, faster and easier. 
  • A good CIBIL™ score also fetches you high loan amounts. 
    • In the case of home loans, borrowers can get up to 80% of the total cost of the property when they have a credit score ranging between 700 and 900. 
    • Similarly, a good credit score can improve your personal loan approval and help you get a high loan amount. 
    • While car loans can be secured even without a high credit score, having a high score helps you secure the best loan interest rates and speed up the loan approval process. 

How can borrowers build a good CIBIL™ score? 

Here are a few easy tips to improve your credit score:

  • Avoid delayed or missing credit payments – this includes loan EMIs, credit card bills, etc. 
  • Use credit in moderation – avoid maxing out on your credit card limit; stay within 10% to 30% of the available limit; 
  • Monitor and track your credit score and credit history, at least once every 3 to 6 months;
  • Maintain a balanced credit mix – try to build a credit portfolio that is a balanced mix of both secured and unsecured credit; 
  • Give a gap of at least six months between each subsequent loan application; 

How to check my CIBIL™ score? 

There are multiple ways to check your CIBIL™ score online. Let’s explore a few ways to get your CIBIL™ score. 

Method #1: Via the CIBIL™ website

  1. Login to the CIBIL™ website. 
  2. Check for the tab/button, “Get your Free Credit Score & Report.” 
  3. To check your score, you have to create an account on the site. 
  4. Furnish key details like name, email ID, mobile number, PAN number, etc. 
  5. Complete the verification using the OTP received on your mobile/email. 
  6. Once you complete the verification process, you can check your latest CIBIL™ score.

*Note that CIBIL™ offers a free credit score check only once a year. Beyond that, you have to pay to get your score. 

Method #2: Using CreditMantri, India’s No.1 credit resolution services provider

You can also check your credit score for free by using other online portals like CreditMantri. Here are the steps to get your credit score. 

  1. Visit the CreditMantri website.
  2. Click on “Free Credit Score.” Provide a few key details like name, email id, mobile number and PAN. 
  3. Your latest credit score will be provided along with other essential details. 

Factors Affecting Your CIBIL™ Score

Now that you know the importance of the CIBIL ™ score in determining the chances of loan approval, let’s examine the various factors that contribute to your score. 

  1. Payment History – On-time credit card bill payments, loan EMIs, utility payments, etc. Help you maintain a good credit history and boost your credit score. 
  2. Credit Mix – Having a balance between secured and unsecured debts ensures a positive impact on your credit score. 
  3. Credit Utilisation – Maintaining a low credit utilisation ratio is an excellent way to boost and improve your score. 
  4. Frequency of loan enquiries – Multiple loan/credit card applications within a short span is a red flag for lenders and can damage your credit score. 

Three Mistakes to Avoid Hurting your CIBIL™ Score 

#Avoid Late Payments 

Even a single credit card bill or loan EMI paid after the due date can hurt your credit score. Very often, we forget to make the payment on time or use the money for other expenses. We believe that by paying the late fee, we can get back on track. 

Unfortunately, missed credit payments leave a long-lasting impact on your credit score. Delayed payments are noted on your credit report and show lenders that you’re irresponsible in handling loan/credit card bill payments. This can impact future loan eligibilities and delay the loan process significantly. 

#Avoid High Credit Utilisation 

When you apply for a credit card, you are provided with a credit limit (the maximum amount you can use on the card) based on your income, existing debts and other factors. While you can spend up to 100% of the assigned credit limit, it’s highly recommended that you keep it low. 

To maintain a good credit score, try to stay within 10% to 30% of the assigned credit limit. This shows prospective lenders that you’re not overly reliant on credit and can manage your finances responsibly by staying within your means. 

#Avoid Multiple Loan/Credit Card Applications within a Short Span 

Frequent loan or credit card applications shows that you’re hungry for credit and causes lenders to classify you as a risky borrower. Each time you apply for a loan/credit card, it’s noted as a hard inquiry on your credit report. Multiple hard inquiries within a short span can cause your score to drop. 

Your CIBIL™ Score Matters a Lot in Speeding up Loan Approvals 

The CIBIL™ is one of the biggest factors that determine your loan outcome. Having a high CIBIL™ improves your chances of loan sanction, as lenders prefer creditworthy borrowers with good CIBIL™ scores and an excellent credit report. 

Depending on the loan type and lender, a score of 750+ gets you the best deals – speedy loan approvals, low-interest rates, higher loan amounts and a longer tenure. Anything lower than 700 is considered a poor score and may delay the loan approval or even cause your loan applications to be rejected. 90% of the loans approved are offered to borrowers with a CIBIL™ score of 750 or higher. 

So, it’s highly recommended that you maintain an excellent score to improve your loan approval chances and simplify the loan process. Start by checking your credit score for free and take suitable measures to improve it if needed. 

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Elevate Your Investment Game: How the Right Demat Account Can Skyrocket Your IRFC Share Price Portfolio!



Financial Circumstances

Are you ready to take your investment game to the next level? The secret lies in leveraging the power of a demat account to skyrocket your IRFC share price portfolio. In this article, we’ll uncover how choosing the right demat account can be the game-changer you’ve been searching for!

Demystifying Demat Accounts

Let’s start by demystifying demat accounts. A demat account is your digital gateway to the world of investments, where you can securely hold your IRFC shares in electronic form. No more dealing with cumbersome paperwork or worrying about the safety of physical certificates. With a demat account, everything is streamlined for your convenience and peace of mind.

Why a Demat Account is Essential for IRFC Share Price Success

So, why exactly is a demat account essential for success in the IRFC share price market? Here’s why:

Effortless Trading: With a demat account, executing trades in IRFC shares becomes a breeze. Gone are the days of waiting in long queues or filling out endless forms. With just a few clicks, you can seize opportunities and make transactions swiftly, keeping you ahead of the curve.

Real-Time Monitoring: Stay on top of your IRFC investments with real-time monitoring provided by demat accounts. Track the performance of your portfolio, analyze market trends, and make informed decisions with up-to-the-minute information at your fingertips.

Enhanced Security: Security is paramount when it comes to your investments. Demat accounts offer robust security features to safeguard your IRFC holdings against theft, loss, or damage. Rest easy knowing that your assets are protected by state-of-the-art encryption and authentication protocols.

Convenience and Flexibility: Manage your IRFC share portfolio with unmatched convenience and flexibility. Whether you’re at home, in the office, or on the go, your demat account gives you instant access to your investments, allowing you to take control of your financial future wherever you are.

Skyrocket Your IRFC Share Price Portfolio with the Right Demat Account

Now that you understand the importance of a demat account, let’s explore how to choose the right one:

Research: Take the time to research different demat account providers and compare their features, fees, and customer reviews. Look for a provider that offers a user-friendly interface, robust security measures, and competitive pricing.

Customization: Choose a demat account that caters to your specific needs and investment goals. Whether you’re a seasoned investor or just starting out, look for a provider that offers customizable options and personalized support to help you reach your financial objectives.

Accessibility: Opt for a demat account that provides seamless access to your IRFC share portfolio across multiple devices and platforms. Make sure the platform is easy to navigate and offers comprehensive tools for monitoring and managing your investments effectively.

Customer Support: Last but not least, prioritize excellent customer support when choosing a demat account provider. Whether you have questions about your account or need assistance with a transaction, having responsive and knowledgeable support staff can make all the difference in your investment journey.


In conclusion, the right demat account can truly elevate your investment game and propel your IRFC share price portfolio to new heights. By choosing a provider that offers convenience, security, and personalized support, you can unlock the full potential of your investments and achieve your financial goals with confidence. So, don’t wait any longer. Elevate your investment game today with the perfect demat account for your IRFC share price portfolio!

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Unlocking the Power of NFT Marketing: Strategies and Innovations



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Non-fungible tokens, or NFTs, have been making headlines in the digital realm, stirring up enthusiasm and igniting novel conversations about the future of digital collectables, art, and more. In essence, NFTs are tokenized versions of assets that could be tangible like real estate or intangible like digital art. In today’s hyper-digital world, the marketing role of NFTs cannot be overstated. NFT marketing agency harnesses the power of blockchain and digital assets to create unique, engaging, and opportune marketing strategies. Businesses can utilize these innovative strategies not just for brand recognition, but also for customer acquisition and increasing market share.

Amplifying the Voice of NFTs

Public Relations (PR), an essential component in any marketing strategy, also plays a significant role in NFT marketing. NFT PR primarily helps in building a positive image and creating visibility for your NFT campaigns. It involves presenting your NFT projects to the public most engagingly and enticingly. PR strategies classic to the field – like press releases, media communications, speaking events, and reputation management – are fundamental elements of NFT PR.

NFT Press Releases

Distributing press releases about your NFT campaigns and developments can make a vast difference in the reach and visibility of your project. An NFT press release can strategically present the uniqueness of your NFT, its potential value, and ways to acquire it. It acts as a definitive way to communicate with potential investors and participants, thereby increasing the perceived value of your NFT. The beauty of an NFT press release is that it can easily be distributed across multiple platforms, reaching various demographics. The message in the press release, consistent across all platforms, helps to build a strong brand reputation for the NFT project. This consistent message also aids in streamlining the marketing efforts and building trust with prospective customers.

Strategizing your NFT Marketing

To maximize your NFT marketing results, a well-structured strategy can make all the difference. Although it can be individualistic and project-specific, a rudimentary plan should include the following steps:

  • Identifying the Target Audience: Understand who is likely to be interested in your NFT. This could be art enthusiasts, collectors, investors, or digital currency enthusiasts.
  • Crafting a Unique Story: Create a narrative around your NFT, forming an emotional connection to capture the audience’s interest. This story could be about the creation process, the value it possesses, or its significance.
  • Utilizing NFT PR Techniques: Make use of PR strategies such as media relationships, press releases, and building a positive image in the public eye.
  • Leveraging Social Media: Social media platforms can play a vital role in promoting your NFTs. These channels offer a broad reach, engaging content formats, and options for targeted advertising.
  • Post-Sale Engagement: Continue engaging with your audience even after the sale. This can be through updates on the NFT, upcoming projects, or simply maintaining a dialog through social media.


In the ocean of digital advancements, embracing NFT marketing can significantly boost business success and create distinctiveness in the market. Proper utilization of NFT PR techniques and press releases further amplifies the reach and effectiveness of marketing efforts. Navigating the complex yet captivating world of NFTs with a thoughtful marketing strategy can indeed open doors to unmatched opportunities and promising outcomes.

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Small Business Success: 5 Tips for Effective Inventory Management



Small Business Success

Too much or not enough business inventory can have a detrimental impact on everyday operations. Customer service can suffer if you don’t have enough of the stock you need. If you have too much, you risk cashflow issues, spoilage, and profit loss when you need to sell it at clearance prices just to get rid of it. 

With that in mind, inventory management becomes a crucial consideration in the average business. Struggling to know where to start? You’ll find some helpful tips below.   

Perform Regular Audits

Some business owners only perform audits infrequently when they remember. Something might have sparked their memory, such as searching for promotional merchandise ideas to introduce thousands of new branded goods into their business inventory. 

However, you might be able to enjoy more knowledge of your physical inventory and pick up any errors and inaccuracies by performing regular audits. If you know a full-scale audit will be time-consuming, explore a cycle counting system. Counting a portion of your inventory on a set schedule may mean fewer full audits. 

Try Inventory Management Software

Your employees are likely competent people who are good at their jobs. Still, that doesn’t mean they don’t make mistakes. You might enjoy fewer mistakes as far as inventory is concerned by implementing inventory management software

Such software enables you to automate your inventory processes for more efficient operations and even increased profits. They have several helpful features like inventory barcoding, forecasting, and tracking. The demand forecasting feature can be particularly helpful for business owners to know how much stock they’ll need for particular times of the year based on previous sales. 

Set Periodic Automatic Replacement (PAR) Levels

PAR levels, also known as periodic automatic replacement levels, are a type of inventory control system telling you how much of an item to have in stock to meet expected demand. Setting these levels before ordering new products can prevent you from ordering too much or not enough. 

PAR levels are easy to determine as part of inventory management software. You can also adjust the levels based on lead times, fluctuations in demand, and seasonal trends. 

Use a FIFO System

Most experienced business owners already know the importance of a first in, first out (FIFO) system. This system ensures that your oldest inventory is sold or used first. If you haven’t already implemented this system, now is the time to start. FIFO can reduce the risk of expired stock going to waste. 

However, FIFO can also be a desirable approach for assets. Any assets you acquire first should be sold or disposed of first. This prevents you from having old, outdated equipment with high maintenance costs. 

Provide Staff Training

As a business owner, you might know how important inventory management is. Still, that doesn’t mean your employees do. If you haven’t imparted the right knowledge and information, there’s a chance your employees won’t take the same actions you would to ensure the best inventory management practices. 

Take the time to train your employees on your expectations for ordering and selling new stock. The more they know, the more organized your inventory can be. It also doesn’t hurt to provide refresher training when practices or stock levels change. When information is fresh in their mind, they may be more likely to follow your preferred procedures. 

Managing a business’s inventory can be challenging. There can be times when you’ve ordered too much stock, not enough, or have lost it due to spoilage. While some stock-related challenges aren’t avoidable, they may be less frequent through proper inventory management systems.

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