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Pranjal Majumdar

Stealth • 1d

"Big Changes in Credit Score Rules by RBI – Here’s How It Affects You!" Starting January 1, 2025, the RBI has introduced new rules that will make credit score updates faster and more accurate. Here’s what you need to know: ✅ Credit Score Updates Every 15 Days Earlier, banks updated credit scores every 30-45 days. Now, they must update it every 15 days. 💡 Why It’s Important: This means your credit report will reflect your latest financial activities faster. Whether you repay a loan or take a new one, it will show up sooner. 💼 Better Loan Approvals: Banks will be stricter in approving personal loans. This will reduce the chances of people taking too many loans and falling into debt. 🛠 Quick Error Corrections: If there’s a mistake in your credit report, banks must fix it faster. If they deny a correction request, they need to provide a valid reason. 🔄 Impact on Borrowers: With these changes, customers can get better loan offers, faster credit updates, and more accurate records

0 replies15 likes

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Praveen Kumar

Stealth • 2m

hii , At the age of 19 I have unfortunately taken a loan for my friend in mpocket and the loan was never paid.I have neglected that time because I don't have money .Now I am salaried with 5.2 lpa but I have less credit scores , so no credit card are

2 replies4 likes

Vikram Kumar

Stealth • 3m

Navi Finserv Ordered to Cease Loan Disbursement by RBI 🚨 In a recent development, Navi Finserv, the NBFC arm of Sachin Bansal’s Navi Technologies, has been ordered by the Reserve Bank of India to cease and desist from sanctioning and disbursing loa

0 replies2 likes

BigLoot IN

Stealth • 3m

RBI has banned four NBFCs from issuing loans, including DMI Finance, Navi Finserv, Asirvad Finance, and Arohan Financial. The ban will take effect from October 21, 2024.

4 replies3 likes

Anonymous

Stealth • 2m

Hey I am new to credit card game, purchased a product from flipkart I have some doubts regarding repayment Do i need to manually repay loan in credit card section of my bank app or it will automatically debit? I’m using canarabank credit card

4 replies3 likes

Trilok SHARMA

Stealth • 1m

I have a problem solver idea ... Those who have not yet come in the market, those who are in debt, those who are defaulters, they do not get loan from anywhere, for them we should start a loan portal in which we will take care of everything from the

6 replies4 likes

Rohan Saha

Stealth • 10m

why the RBI isn't taking any action against P2P platforms for accepting lenders' money on their own balance sheets. According to RBI guidelines, P2P platforms cannot accept money on their own balance sheet or provide rapid liquidity to any lender, ye

4 replies8 likes

Havish Gupta

Stealth • 6m

So Ashneer Grover has finally launched ZeroPe! It basically just provides pre-approved medical loans of up to Rs 5 lakh at their partner hospitals. Considering that many other banks and startups are also offering pre-approved loans, do you think it

6 replies13 likes

sawan kumar

Stealth • 29d

Dear Sir, I am starting a fintech startup. I already have LOS and LMS and I need funding support. We are thinking of providing personal loan and consumer loan. We are speaking clearly. We do not work on DSA model. We do not give any loan file to the

0 replies1 like

Havish Gupta

Stealth • 5m

Why do you think that in the last 2 years, the Number of Instant Loan Startups have skyrocketed, and also almost every company have started to provide loans? Like what happened in this period that have helps these companies dicide whom to give loans

35 replies24 likes

K

Stealth • 8m

Here are the major points or key components of financial literacy: 1. Earn: Understanding your paycheck and knowing how much money you make . 2. Spend: Creating a personal budget and tracking your spending . 3. Save and Invest: Determining your fi