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3 Ways To Improve Your Credit Score As An Entrepreneur 3 Ways To Improve Your Credit Score As An Entrepreneur


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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The Perfect Domain: What to Consider When Choosing Yours



The Perfect Domain

The domain name may seem insignificant to business owners new to the online game. After all, it’s just a sequence of characters that contains your business name, right? How important could it be? The customers will figure it out in the end…

Well, you may be surprised to learn that it actually plays an integral role in your marketing strategy. For many customers, your web address is the first impression it has with your business, and therefore it must be easily-memorable and searchable.

Otherwise, they may give up on visiting your website before they’ve even really considered your awesome product offering!

With this in mind, here are some important considerations when choosing your web address:

  1. It should be simple

When it comes to domain name registration, nothing is more off-putting to a customer than a convoluted web address. They should be able to hear your web address from a friend or see it on a flyer before immediately searching it on their smartphone or, at the minimum, be able to remember it upon returning home.

Let’s say you run a technology repairs store called “Easy Technology Repairs”. Sure, you could include all of this in your web address and make it read something like “”. But it’s simply far too long and the customer will likely have a hard time remembering all that when it comes time to choose your service to fix their television.

Instead, you could choose something as simple as “” and the customers will have little trouble remembering it when they jump on the train or get home to their laptops. A simple and easily-memorable web address makes it much easier for the customer to remember and this will help drive conversions.

  1. It should typically only contain letters

With the exception being if your actual business name actually has numbers in it. Let’s say you run a travelling tailor and dry cleaning company called “Tailors To You”. Sure, the web address “” may look sleek, but it can also confuse the customer who has already seen your name spelled “Tailors To You”.

Therefore, when they go to type the web address “” and find that it doesn’t come up with your website they will be immediately deterred and look for your product through a competitor. Therefore, you should only include numbers (and special characters for that matter) if they are actually included in your business name!

  1. It should pertain to your business

There is nothing wrong with including a special keyword in your web address if it actually pertains to your business. For example, you run a pool building company called “Sweet Summer” but don’t actually have the word “pools” in the business title.

One of the best things you can do here is include the keyword “pools” in your web address to make a web address like “” to ensure that both your clients and search engines like Google know what kind of content can be found on your website.
This will not only make it easier for prospects to remember your web address, but it also works well for Google, who absolutely loves knowing what kind of content can be found through a business’s web address. The search engine will have little trouble categorising your website and will therefore be likely to rank it higher in the search engine results pages!

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Top Tips for Enhancing Human Resources in Your Business



Top Tips for Enhancing Human Resources in Your Business

Human resources are the backbone of any successful business. Your employees drive growth, innovation, and productivity for your company. Investing in robust human resource practices is essential for attracting top talent, motivating your team, and developing the skills of your people over time.  Now more than ever, employers need to go above and beyond to recruit, retain, and get the most out of their staff. Here are some top tips for enhancing human resources in your business.

Invest in Ongoing Training and Development

One of the best ways to get more out of your human resources is to continually develop their skills. Look for opportunities for on-the-job training, mentorship programs, and external courses or certifications that align with your business goals. Support your team by providing time and financial assistance to help them upgrade their capabilities. The more you invest in training today, the more agile and effective your workforce will be in the future. It’s especially important to train managers and team leaders on leadership, communication, performance management, and team-building skills.

Pursue a Masters in Public Administration Online

One powerful way to boost your human resources leadership is by pursuing a Masters in Public Administration (MPA) online. MPAs focus on topics like organizational behavior, labor relations, stakeholder collaboration, and evidence-based human resource management. An MPA helps you drive HR strategy, resolve complex workplace issues, and contribute at the executive level. Look for an accredited MPA program that works for your schedule. Quality masters in public administration online options offer evening/weekend courses, accelerated formats, and 100% remote learning. Invest a year or two earning this degree, and your HR expertise will grow exponentially.

Offer Competitive Compensation and Benefits

Today’s top talent knows their worth and will shop around. Make sure you offer competitive pay, bonuses, healthcare, retirement planning, and other benefits tailored to your industry and region. Go above the required minimums when you can, as generous comp and benefits are highly attractive to job seekers. You want people to join and stick around at your company. Review your compensation structure regularly and get creative with benefits like flexible work arrangements, professional development funds, and expanded leave policies.

Create a Positive Company Culture

Don’t underestimate the importance of crafting a supportive, engaging, and fun workplace culture. Things like your mission and values, leadership style, team bonding opportunities, and physical workspace design all influence the everyday employee experience. When people feel motivated and connected to their team and company, they will sustain higher job satisfaction and productivity over time. 

Leverage Work Analytics

Business intelligence is key for data-driven HR strategy and decision-making. Track key metrics like employee retention, absences, productivity, satisfaction scores, promotion rates, and other KPIs. Identify trends and correlations that give you insights, such as which managers have the happiest teams or what factors drive turnover in your company. Workforce analytics enables you to pinpoint bright spots and pain points and then address them. 

Getting the most from your human capital requires forethought and investment. Use these tips to enhance HR capabilities. By taking a strategic approach and dedicating resources to your workforce, your organization will be well-positioned for future growth and success. 

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Egerp Panipat: Tailored Software Solutions for Your Business Needs



Egerp Panipat

Egerp Panipat is a beacon of modern innovation in the busy city of Panipat (India), amidst its historic significance. This esteemed company has created a niche in the technology world by providing tailored solutions that meet the needs of business.

 Egerp Panipat, founded on the principles customization and innovation stands as a testimony to the power of custom software development for enhancing business efficiency and driving growth.

Understanding Egerp Panipat

Egerp Panipat doesn’t operate like your typical software company. It is a dynamic company that thrives in understanding the complexities of different businesses and creating solutions that perfectly align with their objectives. Its operations are driven by a commitment towards delivering excellence via innovation.

Tailored Solutions

Egerp Panipat’s focus on tailor-made solutions sets it apart from its competition. Egerp Panipat offers a customized approach to ERP software, unlike other packages that are available off the shelf. Every business has its own unique challenges and needs. It specializes in developing and designing solutions tailored to meet these needs.

Seamless Integration

Integration with existing processes is one of the biggest challenges that businesses face when they implement new software solutions. Egerp Panipat takes on this challenge by ensuring that its custom solutions are seamlessly integrated with the clients’ existing workflows. Egerp’s team ensures that any software application or ERP system is seamlessly integrated with the client’s current workflow.

Comprehensive Services

Egerp is known for its ERP expertise, but its services go far beyond this. The company offers a wide range of services that cater to different aspects of digital marketing and technology. Egerp Panipat offers a wide range of digital services including graphic design, SEO and mobile app development.

Egerp Panipat: The Egerp Advantage

Egerp panipat is a leader in innovation and reliability on a market that’s flooded with generic solutions. We will explore the benefits that companies can get by selecting Egerp as their technology partner.

Customization Excellence

Egerp Panipat is a company that lives by the principle of customization. The company takes pride in its ability to customize solutions that are perfectly aligned with client objectives and workflows. Egerp Panipat’s solutions are intuitive and user-friendly because it understands the uniqueness of each business.

Enhance Efficiency

Egerp’s custom software solutions can help businesses streamline operations and improve efficiency. Egerp’s Panipat solutions can be used to improve efficiency across the board, whether it is automating repetitive tasks and optimizing workflows. Businesses can concentrate their resources on growth and strategic initiatives when they have streamlined processes.

Scalability and flexibility

Scalability and flexibility have become essential in today’s fast paced business environment. Egerp understands the need for scalability and flexibility, so it ensures its solutions can grow with the business. Egerp’s Panipat solutions are scalable and can be adapted to the needs of any size business.

Comprehensive Support

Egerp Panipat believes that comprehensive support is essential throughout the lifecycle of a solution. Egerp’s team is dedicated to helping you get the most out of your technology investment. Businesses can be assured of receiving help by calling dedicated support channels.

Egerp Panipat

Diversified offerings: Beyond ERP

Egerp Panipat offers a wide range of services. Take a look at Egerp Panipat’s diverse services:

Mobile App Development

Businesses need to be mobile-centric in today’s world. Egerp Panipat provides end-to-end services for mobile app development, enabling businesses to conceptualize, design and deploy customized mobile applications that meet their requirements. Egerp has the experience to make your app idea a reality, whether it is for iOS, Android or cross-platform.

Graphic Design

Visual appeal is crucial in the digital age to capture the attention of your target audience. Egerp Panipat’s talented team of graphic designers are experts at creating visuals that reflect your brand’s identity. Egerp panipat creates captivating designs for logos, branding materials, website graphics and marketing collaterals.

SEO Services

Standing out in an online world that is becoming increasingly crowded can be difficult. Egerp Panipat’s SEO services help companies improve their online presence and increase organic traffic. Egerp panipat’s data-driven strategy and proven methods help businesses reach their target audience and climb search engine rankings.


1. What sets Egerp Panipat apart from other software firms?

  • Egerp Panipat is a specialist in tailor-made solutions, which are tailored to the needs of every business. Egerp’s Panipat solutions integrate seamlessly with existing processes, and are tailored to address specific challenges.

2. Egerp Panipat is a provider of services to a variety of industries.

  • Egerp panipat serves a variety of industries including manufacturing, retailing, healthcare, education and others. Customized solutions are available to meet the needs of companies in various industries.

3. Can Egerp’s Panipat solutions scale up as our business grows?

  • Egerp’s Panipat solutions are flexible and scalable, which allows businesses to adapt and grow with ease. Egerp’s Panipat solutions are scalable and flexible, allowing businesses to grow over time.

4. What type of support can Egerp panipat offer?

  • Egerp provides support for its solutions throughout their entire lifecycle. The company’s support team will ensure that your technology investment receives the best possible care, from initial consultation to implementation and maintenance.

5. Egerp Panipat offers services other than ERP solutions.

  • Egerp Panipat also offers other services, such as graphic design and SEO. Egerp Panipat can help you with a customized mobile app, eye-catching graphic design, or increased online visibility.

6. How does Egerp panipat protect data privacy and security?

  • Egerp Panipat is committed to protecting the privacy and security of its clients’ data. We use industry standard security measures. Data protection and best practices are followed by the company to guarantee confidentiality and integrity.

7. Can Egerp Panipat solutions be integrated with existing software?

  • Egerp Panipat solutions can be seamlessly integrated with existing systems and software. Egerp Panipat’s solutions can be customized to work seamlessly with legacy software or modern platforms.

8. What is the pricing structure of Egerp panipat?

  • Egerp Panipat offers flexible price models that are tailored to the budget and needs of each client. The pricing may differ depending on the complexity of the solution and the ongoing support needs. The company offers transparent pricing and works closely to ensure cost effectiveness.

9. Does Egerp’s Panipat software have a simple and intuitive interface?

  • Egerp Panipat does prioritize usability and the user experience when designing its software solutions. A team of designers and developers ensures that solutions are intuitive and easy to use, minimizing the learning curve.

10. How do I start using Egerp Panipat?

  • Egerp Panipat makes it easy to get started. Contact the company via their website or the contact details provided. A member of their staff will be happy discuss your needs, offer a consultation and guide you through the following steps.

To conclude:

Egerp panipat is a shining example of innovation and reliability when it comes to technology solutions. Egerp panipat’s emphasis on customization and seamless integration along with its comprehensive support is a great way to meet the needs of companies across all industries. Read:How to Choose an IPTV for Yourself?

 Egerp is your partner in all things digital, whether it’s ERP, mobile app development or graphic design. Egerp panipat is your partner for digital transformation.

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