1. Credit Ratings
Credit rating is an analysis of the credit risks associated with a financial instrument or a financial entity. It is a rating given to a particular entity based on the credentials and the extent to which the financial statements of the entity are sound, in terms of borrowing and lending that has been done in the past.
Usually, is in the form of a detailed report based on the financial history of borrowing or lending and credit worthiness of the entity or the person obtained from the statements of its assets and liabilities with an aim to determine their ability to meet the debt obligations. It helps in assessment of the solvency of the particular entity.
These ratings based on detailed analysis are published by various credit rating agencies like CRISIL, Standard & Poor’s, Moody’s Investors Service, and ICRA, to name a few.
The capital market regulator regulates rating agencies in most regions. In India, the capital markets regulator, the Securities and Exchange Board of India (SEBI), regulates the rating agencies in the country.
“If you’re starting a business and will need financing, keep your own credit record in good shape. If you apply for a business loan, the lender will likely review the personal financial statements of the main owners of the business. Concerns about the financial skills of the owners can raise the interest rate on a business loan.”
We at Finance Me Now help you in getting credit rating for your company from the best possible credit rating agency.
Features and Benefits
Shopping on EMI is a great way to save yourselves from burning a hole in your pocket. Read on to know more about the benefits of the EMI Card:
The EMI Card you carry in your wallet is a pre-approved loan.
The moment you choose your EMI plan and swipe your card, you get instant approval subjected to the amount pre-approved to you.
Your EMI Card carries all the necessary documents that you need to provide.
As an existing customer, you get exclusive preapproved offers from time to time across a host of our partner retailers and manufacturers.
Online account access
Once you’ve availed a Business Loan from Bajaj Finserv, you can get all information about your loan like payment schedule, interest certificate, repayment track and key information related to your loans through our digital customer portal.
3.Financial Fitness Report
It’s the state of that financial system associated with our personal lives and whom we deal with. It is that marvelously complex system that compiles our physical materialistic behaviors into a numerical financial representation. In other words, our financial health is all about making informed financial decisions in our dayto day life.
Our personal financial system is everything that we deal with of a financial or a monetary nature, from our bank accounts to that smallest denominated coin that we leave on our dinner table before we head out of a restaurant. Our credit cards, donations, and estate planning, they are all part of our financial system.
Just like our bodies, we should start by assessing our financial health, list what goes in and out of our system? Know How, when, where, and what do we spend our money on?
To be financially healthy does not propose that you will become stingy or cheap, staking all of paychecks in your bank account and watching the money pile up, but suggests that you develop, over time, a financially sound lifestyle which enables you to be in control of your financial system and have a feel of your currency intake and burn and stay financially fit.
What’s in the Financial Fitness Report?
Creditworthiness: Do you know that every credit payment you make or don’t make leaves behind a financial footprint and this reflects in your Credit Report?
Borrowing Power: Your borrowing power is the amount of debt banks or lending institutions believe you can responsibly afford to borrow. Besides empowering you with your loan eligibility, we also inform you about key money ratios that go behind evaluation of your loan application.
Savings Potential: Our goal is for you to save more. We find you the best and the most optimal way for you to get rid of your debt faster so that you save thousands on your interest payments.
Financial Fitness Report was born out of a simple realization that most people tend to overlook the importance of managing their credit and loans when it comes to building wealth. So, we decided to walk the extra mile to help you achieve your financial goals. We help you understand your credit profile and take steps that create positive financial footprints so that you get the loans you apply for, save money on loans and credit cards and live a rich life.
We at finance me now will help you get your financial fitness report at best rates.
Calculated with a formula based on variables including payment history, credit length and amount owed, your credit score may affect the interest rate you pay to a lender and even make the difference between a loan being approved or declined. Read on to learn a few credit score basics, and what scores within a variety of ranges may mean for your borrowing future.
Your credit score is a number that represents the risk a lender takes when you borrow money. A FICO score is a well-known credit score created by the Fair Isaac Corporation, and used by credit agencies to indicate a borrower’s risk. Another credit score is the Vantage Score, which was developed via a partnership between three credit unions, Equifax, Transunion, and Experian.
Your credit score calculation represents your credit risk at a moment in time, based on information found on your credit report.
- Making payments on time.
- Paying more than the minimum required amount.
- Keeping balances low on revolving credit accounts.
- Applying for new credit only when you need it.
5.Credit Builder & Booster
We believe something as important as a credit score and report should be available to consumers. A Credit Report is a comprehensive summary of your credit history and your 3 digit credit score determines your credit worthiness. Get your credit score and credit report for today.
Restore, Enhance and protect your Credit Worthiness. Live a Credit Healthy life and save money.
We work closely and assist you in every Credit cycle to Build your Credit to that level which will help you to achieve Credit Worthiness and Financial Freedom.
Like your Life, Your credit needs a Booster as well…