CIBIL Score Calculation - How is Credit Score Calculated?

Kenstone Capital is one of the cibil score improvement agency whose primary objective is to provide reliable,cost-effective services like credit analyzer,credit score improvement services,debt recvery services,loan agency,debt settlement services and credit consultant services.

Due to the rising cases of NPAs, frauds, and bad debts, the financial services sector in India has undergone numerous changes in recent years.

Earlier, the branch manager had all the power to approve or disapprove a business loan application.

Now, all the financial institutions follow a stringent and transparent procedure to process the loan application.The application for a business loan is approved only if the borrower meets the eligibility criteria of the borrower.

All lenders require a few documents, and they have pre-determined criteria, which is mentioned on their website.

Therefore, lenders offer loans at lower interest rates.The CIBIL score is affected by several factors; they can bring down the score.

It is calculated by TransUnion CIBIL through a pre-determined algorithm.

Getting a home loan is not an easy process.

It requires a lot of paperwork and time.

Now with the help of Shubham.co one can easily apply for home loans and buy a house of their own.

Home loan eligibility stands with the fact that one should provide all the valid documents which include valid ID proof, address proof, bank statement if required, Cibil score if applicable, photograph, etc.

After verifying the documents, the process exceeds further.

There are a lot of people who just flip aside the credit report when they receive it from the credit bureaus without analysing their scores.

Most people are not worried if the scores are good or bad or if there are aspects that need to be worked upon.

Debt consolidation means to amalgamate multiple debts into a single debt.

One of the ways by which debt consolidation can be made is by securing a personal loan.Explore the loan aggregator that can benefit your repayment with a lower interest rate and increase your CIBIL score.

Buddy Loan is one of the good loan aggregators you can switch to avail a loan without collateral.

This means that a person with multiple debts can secure a personal loan and can use that amount to repay those debts.

This way there is a reduction in the number of debts as the person will only have to repay the personal loan.There are benefits as well as down-sides to consolidating debts with a personal loan.BENEFITS 1) Lower interest rates – When there are multiple debts, the amount paid for the interests could be more, or a few debts may have higher rates of interest.

In such cases, if you consolidate these debts with your personal loan which has a lower rate of interest, it can benefit you monetarily.2) Predetermined amounts   – When debts are consolidated with personal loans, there is only on debt, and therefore the interests are to be paid during specified intervals and the term period for repayment of the loan is also pre-determined.3) Improves credit – In case your credit card payment is due, it is better to consolidate it with personal loans as it would improve your credit.4) Unsecured personal loans – Unsecured personal loans are those where no collateral is required to procure them.