Blogs.

You’ve made that final EMI payment: Congratulations! The bike is fully yours. There is one more important step before you can really call the bike your own: Getting the No Objection Certificate and clearing the loan from the registration.

Loan defaults don’t all happen for the same reason. Sometimes repayments stop because income drops or a business struggles. In other cases, borrowers continue to have the means to pay but choose not to. RBI treats these two situations very differently. 
'Wilful defaulter' is used only for deliberate non-payment, and the classification tends to persist for some time.
 

If you’ve been wondering why my credit score is decreasing, the answer is usually linked to recent changes in how you use credit, repay loans, or how lenders report your activity.

Freelancing and gig work are booming in India. In fact, the number has reached over 7.7 million according to NITI Aayog. 21. And that number is set to reach 23.5 million by 2030.

A friend tells you to check your credit report before applying for a loan. You expect everything to look normal, but an active loan appears that you do not recognize. You start panicking and overthinking about now what.

Nobody thinks about their CIBIL score until a loan application is in front of them. By that point, years of high credit card utilisation, a couple of missed EMIs, or just never having borrowed at all have already shaped the number sitting in the bureau's records.

Electric scooters are getting to be a more popular choice for people traveling in India. Lots of commuters are loo‍king for ways to cut down on fuel costs and t͏hey want a transport option that is cleaner also. This growing interest is due to sever‌al things. Battery technology is better now, people know more about these vehicles, and finding a place to ch͏arge them is getting easier. All these factors combined make electric scooters more appealing than in past years.

Rohan cleared his credit card bill before applying for a personal loan. Even then, his credit report still showed the old balance, leaving him confused about his score.

Taking a personal loan is the easy part. Managing the EMIs, month after month, is where the real work begins.