The Vibe Journal: Finance Blogs

By knowing the difference between NEFT and RTGS, you can decide which option is right for you, depending on the urgency and limit. Since the introduction of digital modes of fund transfers, these options have gradually replaced traditional methods like cheques and demand drafts. RTGS and NEFT are among the most popular online transfer options, …

By raising a CIBIL dispute, you can rectify errors in your credit report. An error-free report is crucial because your credit report defines your credit score, which reflects your creditworthiness. So, any inaccuracies can harm your CIBIL score.  Some of the errors that you may see include spelling mistakes or incorrect personal information, incorrect loan …

By initiating Experian or CIBIL score checks, lenders assess your creditworthiness when you apply for loans. These scores reflect your credit behaviour and repayment history as recorded in your credit report collected by various credit information companies.  However, don’t be surprised if you are assigned a different score by each bureau. While Experian and Credit …

To assess your financial profile, lenders may evaluate your credit score from CRIF High Mark. This is a leading credit bureau in India and one of the four bureaus that lenders rely on to check a borrower’s reliability and readiness for new credit.  A good CRIF score can support you in getting the loan amount …

The consumer CIBIL score and commercial CIBIL score may sound similar but are quite different from one another since they cater to different categories of borrowers – individuals and businesses.  Lenders assess the creditworthiness of individual borrowers and businesses through credit reports, on which credit scores are based. Understanding the difference between the two is …

Understanding the features of CRIF vs CIBIL is essential if you are planning to get a loan. CRIF and CIBIL are both credit bureaus that generate your credit report, which includes your credit score and other factors related to your creditworthiness.  Whenever you apply for credit, lenders check these reports and scores to assess the …

Your CRIF credit report is an important document that lenders check when you apply for credit. It is generated by one of India’s four main credit bureaus, CRIF High Mark. The report contains your CRIF credit score and insights about your borrowing behaviour, which lenders use to assess your creditworthiness.  Based on it, the lenders …

Knowing the charges for credit card cash withdrawal is a must before you use this facility. Cash withdrawal via a credit card can be an ideal way to access funds when you are in need, but it comes at a cost applicable from the date you make the withdrawal.  This charge also differs from the …

EMV cards have gradually replaced metal strip cards. A primary reason for this is that they come with stronger encryption to protect your card details during the transaction. While metal strip cards encode your details in the strip on the back of the card, these cards store your details in an EMV chip. Read on …

Think of a credit appraisal as the immediate response to your loan application. Financial firms, be it a bank or NBFC, run this check to see if you qualify for credit, be it a loan or a credit card. This process helps them understand your repayment ability and thereby, the risk they will take on …