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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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How to Find Clients for Your Logistics Company




How to Find Clients for Your Logistics Company

If you want to be a successful freight forwarder, it’s necessary to be able to find new clients all the time. Nowadays you can do it with the help of marketing strategies, a powerful website, and engaging social networks.

It’s impossible to imagine a modern business world without an effective logistics system. Enterprises won’t survive without reliable transportation companies. No wonder, nowadays being a freight broker is quite a popular occupation. Yet, there are several peculiarities of this field you should take into account. They are the following:

  • The competition is really tough.

The number of available freight services is steadily increasing. Both freight forwarders and carriers are able to meet the expectations and needs even of the most demanding clients. It’s not enough to buy a couple of trucks or containers to run a successful business.  

  • There are different types of customers.

Unfortunately, many business owners (even when it comes to logistics firms) forget that people are different. They have different tastes, desires, and requirements. If your aim is to grab as many new orders as possible, it’s necessary to be able to please the diverse needs of various clients.  

  • Constant development is a must. 

It’s a good idea to enlarge the number of available freight services. You are to offer such additional options as packaging, labeling, tracking, or loading. If you fail to keep up with the time, you risk losing your orders and, as a result, bankruptcy. The thing is more and more ways to ship cargo from one place to another appears. To get new orders, you are to provide versatile modes of transportation. 

No wonder, it’s not easy to stay afloat. It’s even more complicated to gain new orders. Yet, there are some effective methods you may experience to find new clientele. The first step to take is to create an eye-catching website. Today it’s almost impossible to find a business that doesn’t have its own website. An online platform is a perfect way to inform people from all over the globe about your firm. 

You should not avoid social networks. Although it’s quite a time- and effort-consuming process to create and promote accounts on social media, they are worth it. Many people use LinkedIn to find a reliable freight forwarder.   

Yet, you should keep in mind that all the information you post on your site or accounts, should be clear, accurate, and relevant. It’s not a good idea to try to cheat your potential audience.

The next essential step towards the successful development of your logistics brokerage is learning from your own mistakes. If you fail to fulfill some orders, it’s not the reason to give up. It’s the reason to change your strategy in order to achieve better results.

It’s also a good idea to offer a wider spectrum of services to your targeted audience. The greater part of entrepreneurs prefers to cooperate with forwarders who use innovative technologies and automated software.  

So, thanks to modern technologies, it’s quite possible to stay a successful owner of a logistics company for a long time. Yet, you still have to provide your clients with effective and comprehensive options. It’s of prime importance to meet the needs of versatile groups of clients.

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Who Leads the Blue World City Islamabad?



Who Leads the Blue World City Islamabad

In Islamabad’s real estate sector, Blue World City Islamabad is regarded as a symbol of trust and innovation. That is something we can confidently declare due to the recent developments and success that Blue World City has continued to demonstrate, proving that it is the best real estate project ever presented.

Blue World City is one of those real estate developments in Islamabad that will bring world standards to the table in terms of amenities. Blue World City is owned and developed by the Blue Group of Companies (BWC). The society’s owner and leader are Saad Nazir, the son of Chaudhry Nazeer, a former Deputy Commissioner of Lahore. 

Project Details

While the RDA has yet to approve the housing society’s NOC, we believe it will be only a matter of time before receiving the document. The importance of the NOC certificate is that it guarantees a consistent supply of amenities that Blue World City Islamabad intends to provide to its residents. Water, electricity, and gas are some of them. The project’s personnel is believed to be working nonstop to ensure that these basic facilities are always available.

Blue World City, a real estate project in Islamabad, is constructing an elaborate and well-connected infrastructure. The roads are wide—40, 60, 80, and even 129 feet wide—and set out precisely so that drivers feel like they are gliding down the road. The project is well-lit throughout.

One of our favorite aspects of the project is that it has underground electrical systems, which eliminates the need for bothersome overhead wires. Such an option will enhance the overall beauty of the project, but it will also reduce the number of instances of broken electrical lines. The gated community’s safety measures are the next key feature.

All entrances to the Islamabad real estate project are closely monitored to protect the residents and their precious belongings. Facial recognition and key cards are being introduced as additional security features, which are not yet common in Pakistan. It is based on the concept of a more customised project.

While many housing projects in Pakistan halt delivering basic facilities, Blue World City Islamabad goes above and beyond to serve its residents with various leisure opportunities. The list includes theme parks, sports complexes, cultural complexes, lakes, an IMAX cinema, an adventure club, a safari zoo, and so on.

If the affordable cost of living in Blue World City in Islamabad weren’t enough to persuade you to invest, then these interesting features would. In addition, the housing project has several resourceful business complexes with stores where you may fill up on anything you require. Apart from the recreational areas described here, Blue World City Islamabad also has places of worship for its residents. These are large facilities where members of all faiths can worship together. In addition, Jamia mosques are constructed across society for the convenience of the people who live there.

The real estate project in Islamabad is also helping to turn the city into a tourism destination. Blue World’s developers plan to build many tourist attractions, including replicas of world-famous landmarks such as the Burj Al Arab and the Blue Mosque in Turkey. Additionally, the housing society is constructing the world’s largest horse mascot.


Blue World City Islamabad is predicted to become one of the city’s top housing societies in the future, and investors are heavily involved in selling and acquiring plots there. The housing society will produce residences for the country’s low-income citizens, and they will be able to build their own homes for a fraction of the existing real estate market’s high prices. As a result, society is making significant contributions to the economy, helping the needs of the underprivileged, giving a futuristic investment destination for Pakistanis, and developing tourism attractions for people from all across the country. Therefore, Sigma Properties highly suggests that you invest in Blue World City. 

Author Bio

Muhammad Junaid is a senior Analyst and Search Engine Expert. Extensive experience being a lead writer in Taj Residencia. Work for years with local and international enterprises. Also, represent well-known brands in the UAE.

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4 Ways to the Best ITIL Framework



When it comes to running the best IT business you can, following the ITIL framework is the way to go.

Today, we’re here to help you understand what this framework is, and we’re going to go over a few ways you can use it. Read on to learn everything you need to know, and to start advancing your business today.

What Is ITIL Framework?

So, what is ITIL framework? ITIL stands for Information Technology Infrastructure Library. It defines the organizational structure for a company, and it lays out any necessary skills.

It’s a compilation of 30 books filled with outlines that can help you build your own frame of reference.

1. Change Management

Change management is essentially a balancing act between moving forward and assessing the risks associated with doing so.

The change management process in the ITIL framework is brought about for big, scheduled changes, and also small routine ones. Both are needed to help a company thrive, and knowing how to balance it all is essential.

2. Incident Management

An incident is simply an unplanned interruption in service. This could mean a full stop or a reduction in quality, but the ITIL framework can help you learn to handle it with ease.

These incidents usually affect more than one party in a company, but management focuses on the downtime caused by them.

Whether it’s a faulty laptop or an inability to access a certain application, it’s important to know the effect that can have on an IT business, but also how to minimize the damage it does to the company as a whole.

3. Problem Management

Incident and problem management do actually differ from one another. Accidents are the cause of the incidents — no matter the size.

Problems come from incidents, but they’re also what creates the solution for an ongoing or recurring one. They’re typically identified through reports records, and they help to get to the bottom of any issue at hand.

These typically take longer to resolve than incidents do, but they also come with longer-term solutions that ensure it won’t happen again.

4. Time Management

This one is a given, but it’s going to continuously help you run the best IT business you can.

Time management is all about staying organized and focused on your end goals, and learning about different ways to do that is going to help you a lot in the long run.

It can also help you and your business learn how to manage all of the other principles we just talked about. Running any business like a well-oiled machine is important, and it’s easy to do with a framework.

ITIL Best Practice Framework

Once you have the basic ideas down, it’s time to move to the other principles covered in the ITIL framework. The great thing about these four, however, is that they can be used outside of this reference as well, and you can carry them anywhere you go.

For more on the latest in technology, check out the rest of our website.

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