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What is an average credit score? Key tips on improving

Credit scores are important whenever you are trying to get a loan, rent an apartment, secure insurance, buy a home. Here are some tips to stay on top of things

What is a credit score about?

Published on May 02, 2025 04:57 AM IST

ByShrey Banerjee

Can you change interest rate on personal loan? Here are 5 factors that affect it

Interest rates on loans are extremely important as they often decide which bank a borrower will avail the loan from.

Factors like employment type are among those that determine the interest rate on personal loans.(Pixabay)

Published on Mar 16, 2025 07:20 PM IST

ByHT News Desk | Edited by Ashley Paul

Startup Mantra: Changing credit score calculation

Sarika Shetty found that non-inclusion of rent as parameter for credit score calculation was unjust and set up company to correct it

Sarika Shetty found that non-inclusion of rent as parameter for credit score calculation was unjust and set up company to correct it. (HT)

Published on Feb 08, 2025 09:14 AM IST

ByNamita Shibad

Latest festive season car loan interest rates of various banks: See full list

Many banks are offering flexible payback terms, affordable EMI, and 100% financing for car loans, especially with upcoming festivals like Dussehra and Diwali

The interest rate on auto loans, known as annual percentage rates, or APRs, depend on a number of factors including the borrower's income, debt, credit score, car value, loan amount, the loan length, as well as the RBI's prevailing repo rate(Bajaj Finance)

Published on Oct 10, 2024 04:59 PM IST

Home loan customers may have to wait till December for EMI cut, RBI holds rates

Borrowers on repo-linked credit including home loans will usually see repo rates changes reflected in their loans within 1-3 months of a rate change

The repo rate has remained completely unchanged so far at 6.5% since February 2023

Updated on Oct 09, 2024 11:22 AM IST

ByHT News Desk | Edited by Abhyjith K. Ashokan

Americans face credit hit as student debt goes delinquent again

The borrowers at present are shielded from taking a hit to credit scores, because the Biden administration ordered a one-year moratorium.

The Government Accountability Office estimated in a report issued last month that about 10 million borrowers – more than one-quarter of the total – were behind on payments as of the end of January. (Photo Credits: Unsplash)

Published on Sep 09, 2024 07:17 PM IST

Bloomberg |

Ludhiana: Retired bank manager loses ₹10 lakh to cyber fraud

A retired manager of Punjab National Bank has fallen victim to a cyber fraud, losing ₹10 lakh from his bank account. The cybercrime police station of Khanna police lodged an FIR against the unidentified accused.

A retired manager of Punjab National Bank has fallen victim to a cyber fraud, losing <span class='webrupee'>₹</span>10 lakh from his bank account. (HT File)

Updated on Aug 09, 2024 05:36 AM IST

ByHT Correspondent, Ludhiana

Explained: What is a CIBIL score? Why is it important?

A CIBIL score is important for loan and credit card applications. If you have a high score closer to 900, it means you have a good financial track record and the lenders will have high confidence in extending credit to you.

By knowing your CIBIL Score, you get a better idea of your credit health.

Published on Dec 15, 2022 04:16 PM IST

ByAryan Prakash

CRED offers to pay the entire credit card bill of one IPL fan every match

The winner will also get a special video mention during the live broadcast of the match.

CRED

Updated on Oct 06, 2020 03:33 PM IST

ByPromotional Feature, HT Brand Studio

Applying for a personal loan? Improve your eligibility first

Usually, personal loan eligibility depends on factors such as your age, city of residence, salary and employment, financial standing, and existing debt.

You can use a personal loan for most of your financial needs - for the expenses of a medical emergency, your child’s education, to consolidate debt, or even manage the finances of a home renovation project.(Shutterstock)

Updated on Jun 30, 2020 04:02 PM IST

ByHT Correspondent

How to build a credit history when you have none

The credit history is built based on your financial habits pertaining to the credit you hold, so you cannot have a credit history and score without taking some form of credit. At the same time, the credit score and history are among the primary checks a lender makes while approving a loan or credit card.

There are several simple ways in which you can build up your credit history and score from taking a small loan or getting a small loan.

Updated on Mar 18, 2020 02:22 PM IST

ByBy Adhil Shetty

High income means high credit score, and 6 other credit score myths, debunked

Another common misconception is that checking your credit score will hurt your credit score in return.

While closing your loan or credit card account will help you lead a debt-free, it may or may not boost your score.(iStock)

Updated on Feb 25, 2020 05:40 PM IST

ByBy Adhil Shetty

3 things you must know before using credit card

You should check the reward points and value of the card as it varies across the platform. When you start using credit card ensure that you don’t go overboard on spending. If you don’t pay your bills on time, the interest rate is around 22-48% per annum.

Use your credit card wisely, it can turn into a useful tool for your money management.(Getty Images)

Published on Jul 22, 2019 12:18 PM IST

Hindustan Times, Mumbai | ByHT Correspondent, Mumbai

5 tips to increase your credit card limit

Learn about improving your chances of faring well with the issuer’s automated credit limit algorithm.

If you are prudent with finances, an enhanced credit limit gives you a greater degree of flexibility and security.(Bajaj Finserv)

Updated on Jul 19, 2019 11:15 AM IST

ByHT Correspondent

Three loans you must avoid

If you are taking a loan to build an asset such as house or for your education, it is considered as a good loan. However, loans taken to fulfil your lifestyle needs such as paying your food bills or buying gadgets are considered as bad loans.

Loans taken to fulfil your lifestyle needs such as paying your food bills or for buying gadgets are considered as bad loans(HT Image)

Updated on Jul 15, 2019 12:16 PM IST

Hindustan Times, Mumbai | ByHT Correspondent

Here are 5 financial mistakes to avoid in your 20s

If you are unable to make a financial plan, you may want to consult a professional. The standard advice is in your 20s, you must save between 10% and 15% of your income for retirement.

Career and relationship mistakes may be inevitable, but with a some research and smart decision-making, you can avoid money-related mistakes.(HTArchive)

Updated on Jun 10, 2019 08:16 AM IST

ByNisreen Mamaji

How failure to repay loans impacts you

Here’s what happens if you have taken a loan from a bank or non-banking finance company, and fail to repay on time.

Most financial institutions will ask you to pay a penalty besides the interest and principal amount on the loan.(HT File Photo)

Published on May 28, 2019 10:31 AM IST

Hindustan Times, Gurugram | ByHT Correspondent

Planning to take a loan for used car? 3 things you must know

Bankers say that there has been 12-18% rise in the used car loans as well. If you are also planning to buy a used car, here are a few things that you need to focus on.

Proper documentation a must: When you are buying a used car, you need to first check all the documents.(Parveen Kumar/Hindustan Times)

Updated on Apr 09, 2019 12:02 PM IST

Hindustan Times, Mumbai | ByVivina Vishwanathan

Techno-dystopias are here: China is proof

Currently, trial credit systems, operated by businesses such as Tencent and Alibaba are functioning in China.Based on this scoring system, authorities had blocked people from taking 11.14 million flights and 4.25 million high-speed train trips.

A scene from the techno-paranoiac science fiction show Black Mirror’s dystopic episode called Nosedive. It is essentially about a social credit ratings system in society, a similar practice of social credit scores is now in China.(Courtesy Netflix)

Updated on Jul 13, 2018 08:25 PM IST

Hindustan Times | ByHT Correspondent

Parents’ credit score may hit education loan hopes of children

Banks and financial institutions are giving a loan to several persons under various political pressures and ultimately public money is being misappropriated and defaulters flee from the country, whether the loan amount is small or huge, it needs to be recovered says State Bank of India branch in Chennai.

Bad credit of parents to hit loan hopes of children.(Representative Photo/Kalpak Pathak/Hindustan Times)

Updated on Jun 30, 2018 08:43 AM IST

Hindustan Times, Chennai | ByCS Kotteswaran

Have a high credit score? You will now get cheaper loans

You can now use your high credit score to lower your equated monthly instalment outgo

Updated on May 14, 2018 03:30 PM IST

Hindustan Times | ByVivina Vishwanathan, Mumbai

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