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Pranjal Majumdar

Hey I am on Medial • 10m

"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

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Chayan Das
•

ZeroBizz • 5m

BREAKING: RBI Slashes Repo Rate by 50 BPS to 5.50%. The RBI has delivered a surprise rate cut—bringing the repo rate down from 6.00% to 5.50% in June 2025! What This Means for You: 1. Lower EMIs on home, personal, business & education loans. 2. Ea

1 Reply

mg

mysterious guy • 9m

Important RBI rules for credit cards Bank can't charge joining fee if customer has not activated their credit card CC should be automatically closed if not used for more than a year Rs 100 compensation per day for delay in closure of credit cards

2 Replies

Ayush Maurya

AI Pioneer • 9d

Ever took a personal instant loan ? What did it cost and how did it affect your credit score overall??

Cards Wala

One stop shop for ev... • 26d

#RBI has now allowed to keep #silver as collateral for loans. Good for overall economy as the metals which are lying idle can create new credit. But should you pledge your #gold and #silver to take a loan? I wouldn't do so.

Pannag Bagepalli

Think out of the box • 8m

Hi guys, Bank Bazaar is showing my credit score 809, where as CRED app showing 774, how is it possible? which one is accurate?

5 Replies

Praveen Kumar

Start now or Regret ... • 12m

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 Replies

Vikram Kumar

Founder at Stockware • 1y

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

Chayan Das
•

ZeroBizz • 4m

Personal Loans in India: Where the Money Goes! As of May 30, 2025, here's how India’s ₹60 lakh crore+ in personal loans is split: Housing dominates with ₹30.4 lakh crore (50.1%) Other Personal Loans: ₹15.3 lakh crore (25.3%) Vehicle Loans: ₹6.4 l

3 Replies

recur

a space to build • 14d

𝗘𝗺𝗲𝗿𝗴𝗲𝗻𝗰𝘆 𝗹𝗼𝗮𝗻 𝗮𝗽𝗽𝘀 𝘀𝗵𝗼𝘂𝗹𝗱𝗻’𝘁 𝗰𝗼𝗺𝗲 𝘄𝗶𝘁𝗵 𝘁𝗿𝗮𝘂𝗺𝗮. Every day in India, someone needs just ₹1,000–₹5,000 for a small emergency and ends up downloading shady loan apps, facing harassment and hidden fees. Not because