So you finally got your much-awaited appraisal. Now is the perfect time to visit your dream destination, and you applied for a personal loan. But then your application got rejected. 

Did you know that in June 2025 alone, Indians carried out approximately 18 billion UPI transactions. This shows that most of the country now prefers easy money transfer, even if it is for something as small as buying groceries. No more waiting in queues to submit a check or remembering multiple due dates. Let’s explore how UPI is transforming the way Indian citizens manage their finances.

Looking forward to a hike this year to finally land those low-interest loans? You’re on the right path - a salary bump definitely helps.
But here’s the twist: lenders aren’t just convinced by your pay slip. The real dealbreaker is what the credit bureau says. When applying for personal loans, lenders rely on the score that these agencies give you as a measure of your financial behaviour.
 

Anita worked in marketing and believed that her regular income alone would secure her a loan. But when she applied, the lender first looked at her credit report, not her income. That report, based on years of repayments, showed how she managed money.
In this blog, you will learn why lenders check credit bureaus, how your credit score affects approval, and simple ways to keep your record strong.
 

The biggest worry for anyone, especially with a family, is how to balance finances. On one side, you have non-negotiable commitments like medical expenses, loans, and educational expenses. On the other hand, there is the need to take a memorable family trip or buy that dream gadget or appliance. 

A credit report reflects how you handle money, including bills, EMIs, overdue payments, and even errors you may not know exist. Every transaction you make, from paying your EMI through UPI to managing your credit card bills, leaves a mark here.

Applying for a personal loan often seems simple. Borrowers research lenders, compare interest rates, complete the application, and wait for approval. 

Taking a personal loan for the first time is an important financial milestone. It offers you the freedom to achieve your major life objectives, such as easily combining costs, financing a dream buy, or handling an emergency.

Many believe credit cards are necessary to qualify for a personal loan, but this is a misconception. Lenders today evaluate borrowers based on income stability, banking relationships, and alternative credit indicators rather than credit card usage.