In India, Micro, Small, and Medium Enterprises (MSMEs) are the backbone of the country’s economic growth, generating employment and contributing significantly to the GDP. However, accessing credit has often been a significant challenge for such enterprises, especially for startups and small-scale businesses. This is where responsible lending plays a transformative role. At LendingKart, responsible lending […]
CIBIL vs Experian: Which Credit Score Should You Check Before Taking a Loan?
Before approving a loan, banks and NBFCs want to understand one thing clearly: Can you repay the money on time? This is where credit scores come into the picture. In India, credit scores are issued by authorised credit bureaus such as CIBIL and Experian. These agencies collect your financial data, like loan repayments, credit
When you run a small business, your mind is occupied with a thousand things, including inventory, customers, staff, payments, and the endless chase for growth. The last thing you want to think about is how a lender views your application. But here is the truth: understanding what goes on behind the scenes can be
Do you remember the days before July 2017? If you were running a business back then, you probably remember the long queues at state border checkposts, the endless piles of varied tax challans, and the headache of trying to figure out why the tax rate in Maharashtra was different from the one in Karnataka
Farming in India faces unique financial challenges, including unpredictable weather, fluctuating market prices, rising input costs, and limited access to formal credit. To support farmers and ensure a stable source of income, the Government of India has introduced several welfare schemes over the years. One of the most significant among them is the PM
For anyone running a business in India, be it a shop owner, manufacturer, online seller, trader, or new entrepreneur, it’s important to understand what is HSN code in GST and how it works. One of the most essential components of the GST system is the HSN Code. Yet many people still wonder what is
You’ve done it. You’ve taken the exciting leap into the world of business. Your product is ready, your service is polished, and you’re buzzing with energy to make your mark. Your next logical step is to get your business officially recognised by the government, so you head to the MSME Udyam registration portal. You
When it comes to borrowing, whether for personal use or business expansion, your credit score plays a crucial role. It serves as a snapshot of your financial reliability, a numerical reflection of how effectively you manage credit. Among the various credit bureaus operating in India, CRIF High Mark stands out as one of the
Commercial CIBIL vs Consumer CIBIL: Understanding the Key Differences
As a business owner, you have two distinct financial identities, each with its own report card. One is your personal, or consumer CIBIL score, and the other is your commercial CIBIL score. Understanding the difference between these two is the key to unlocking the funding your business needs to grow. In this blog, we’ll
Borrowers often hear terms like ‘charge-off’ in the context of credit cards and loans. A credit card charge-off means that the creditor has given up on collecting the outstanding debt due to the prolonged period of non-payment. A charge-off does not signify a paid-off debt obligation. Rather, it simply means that the lender has
Example of Securitization Securitization is a process of pooling together multiple liquid assets and turning them into securities. These securities are then sold out in the secondary marketplaces where investors can invest in them. Sounds confusing? Here is an example to help you better understand how securitization works: A bank named New Bank is
