Discover and read the best of Twitter Threads about #cibil
Most recents (6)
#1 Decide Your Tax Regime
The new regime is no fuss and works well.
The old regime allows you to claim deductions and exemptions
If you choose the old regime finalise your tax planning strategy now! (2/7)
#tax #deductions #taxplanning #taxregime
The new regime is no fuss and works well.
The old regime allows you to claim deductions and exemptions
If you choose the old regime finalise your tax planning strategy now! (2/7)
#tax #deductions #taxplanning #taxregime
#2 Restructure Your Payslip
Study your pay slip and optimise your EPF contributions. If you choose the old tax regime structure your allowances properly.
Talk to our financial planning team today if you’d like assistance. (3/7)
#salary #CTC #payslip #epf #providentfund
Study your pay slip and optimise your EPF contributions. If you choose the old tax regime structure your allowances properly.
Talk to our financial planning team today if you’d like assistance. (3/7)
#salary #CTC #payslip #epf #providentfund
#3 Review Your Investments
2023 is a year that belongs to savers!
You will be spoilt for choice. And there’s no better way to take advantage of this than reviewing and restructuring your investment portfolio. (4/7)
#investmentreview #investing #portfolio
2023 is a year that belongs to savers!
You will be spoilt for choice. And there’s no better way to take advantage of this than reviewing and restructuring your investment portfolio. (4/7)
#investmentreview #investing #portfolio
I'm sure you must have done at some point too! 😛 
1/10
* Thread on #CIBIL SCORE *
Since the thread on #CreditCards ,
(Link here for reference , )
Many DM'ed me asking about CIBIL score , so decided to write a small thread on it .
Disclaimer : This is MY opinion based on MY limited knowledge :)
+
* Thread on #CIBIL SCORE *
Since the thread on #CreditCards ,
(Link here for reference , )
Many DM'ed me asking about CIBIL score , so decided to write a small thread on it .
Disclaimer : This is MY opinion based on MY limited knowledge :)
+
2/10
A CIBIL score is a consumer's credit score generated by a credit bureau on the basis of their algorithm. It basically evaluates the credit history based on reflection of repayment and credit profile & thereby determines the eligibility for a loan.
+
A CIBIL score is a consumer's credit score generated by a credit bureau on the basis of their algorithm. It basically evaluates the credit history based on reflection of repayment and credit profile & thereby determines the eligibility for a loan.
+
3/10
So a good credit score (above 700 generally ) can help us get a loan easily at a relatively better rate of interest.
How? 🤔
It indicates you PLAN well for your financial needs & pay your debts on TIME. Basically " GOOD CREDIT WORTHINESS " .
+
#InvestmentPointers
So a good credit score (above 700 generally ) can help us get a loan easily at a relatively better rate of interest.
How? 🤔
It indicates you PLAN well for your financial needs & pay your debts on TIME. Basically " GOOD CREDIT WORTHINESS " .
+
#InvestmentPointers
#BajajFinance is falling based its loan book which is 90% unsecured. As per experts it would be difficult to collect. Let's clarify few things.
1) Bajaj Finance loan book consists of customers of the avg #Cibil score is 750. They don't approve anything below 700 at all.... (1)
1) Bajaj Finance loan book consists of customers of the avg #Cibil score is 750. They don't approve anything below 700 at all.... (1)
2) The customer repayment may not hit hard since since the avg EMI is not more than Rs:5000/-(approx)
3) In current scenario the customer default would be limited since the Cibil plays a major role in customer credit worthiness
3) It has a mkt share of 72% consumer finance and..
3) In current scenario the customer default would be limited since the Cibil plays a major role in customer credit worthiness
3) It has a mkt share of 72% consumer finance and..
And at current scenario ( last one year sales Cash vs Finance) the sales thru finance contributes 50% of the total sales in major segments.
4) The collection process of Bajaj is far stronger compared to its nearest competitor interns of infra and manpower.
4) The collection process of Bajaj is far stronger compared to its nearest competitor interns of infra and manpower.
@RBI #moratorium of 3 mths of #EMIs on all oustanding term loans as on Mar 1, 2020. Includes all #Banks & #NBFCs. #EMI payments will restart only once the time period expires. A #creditcard #loan is not classified as a #TermLoan. It is basically revolving #credit. @fifaindiaorg
This #EMIHOLIDAY is not a Waiver. Once things are normal the deferred #EMIs have to be paid. It simply won't have a negative effect on #CIBIL score. This will not happen in an automated manner, bank has to approve on the basis of request. #moratorium @RBI #RBItoday #rbigovernor
While #CreditCards are defined as revolving credit & not term loans, as per clarity from @RBI it is clear that credit card dues are also covered. Though this must be avoided if possible. #Moratorium #EMIHOLIDAY
A #CIBIL thread- Long read but I had to vent out. My CIBIL score is 622/900- 96% of loans sanctioned last year have a better score. So bottom of the barrel pretty much 1/13
My financial position- zero debt, 3 active credit cards with no overdues or rollovers EVER, a liquid investment portfolio that allowed me to retire at 46 i.e 5 years ago. Doesn’t scream bottom of barrel does it? So what went wrong? 2/13 #CIBIL
