Welcome to the backstage of your credit journey. It’s time to shine the spotlight on your financial tale, where every twist and turn shapes your credit saga. Here’s a peek into your personal credit narrative. Your credit score is crucial in determining your ability to get a loan or credit card. It is a measure of your creditworthiness in numerical form. When you apply for a loan, the lending institution checks your credit score to decide whether to provide a loan based on your repayment capacity. If your CIBIL score is low, it projects you as a risky borrower with a high chance of default. On the contrary, a high credit score makes it easier to get credit. Maintaining a good credit score can also get you a loan with favorable repayment terms. Given its significance, it is important to check your CIBIL score frequently. You can Check your CIBIL score with your PAN card for free. A CIBIL score gives you a clear picture of where you stand financially and whether you qualify for a personal loan or not. Step-by-Step Process of Checking Your CIBIL Score by Using PAN Card A CIBIL score check with your PAN card is the easiest way to check your credit score. The PAN card is an official identity proof that the Income Tax Authorities of India issue to taxpayers. It is an important document that a person holds and also serves as a KYC document for multiple purposes. It is linked with various financial records, like your bank statements and IT returns, and it has the most accurate details about your financial status. For those wondering how to check their CIBIL score with a PAN card, here’s how you can do it for free online. You can use online platforms like OneScore to check your CIBIL score for free: • Download OneScore app • Open the app and click on “Check My Score”. • Enter details such as your name, mobile number, and PAN card details. • As soon as you enter these details, you will be redirected to a page where you can check your CIBIL score online for free in seconds. Why Are Your Pan Card Details Needed to Check Your CIBIL Score? The PAN Card is the most important document when it comes to checking one’s CIBIL Score. As everyone has a unique PAN, our financial and banking related data makes it easy for credit bureaus to locate details efficiently. Anyone can check their Cibil score for free by using a PAN card on websites facilitating Cibil score checks. Does Change of PAN Card Affect Your CIBIL Score? Yes, it does. If you have two PAN cards, you must surrender one to avoid confusion, as it might affect your CIBIL score. Every PAN Card has a credit history linked to it, and the same person carrying multiple PAN Cards may end up with conflicting credit histories. On the other hand, if you lose or damage your PAN card, you can apply for a duplicate copy at the Income Tax Department. Getting a duplicate PAN card does not impact your CIBIL score, as it does not change your PAN number. Additional Read: Fix Your Credit Score 4 Important Factors That Affect Your CIBIL Score Payment History: A borrower’s payment history is the most important factor. Borrowers with a good credit repayment history assure lenders of timely repayments, resulting in the best loan terms. • Multiple Enquiries on Credit: If a borrower’s credit report shows a lot of hard inquiries in the recent past, it has a very negative effect on their credit score. Multiple inquiries show the borrower in a bad light, giving the impression that they are desperate for credit. • Credit Utilisation Ratio: This is the amount of credit you use from the total credit limit put together. It is suggested by experts that borrowers keep their credit utilisation ratio low and ensure a good credit score. • Credit Mix: A credit mix is one of the most common variables used for calculating a borrower’s credit score. Borrowers with multiple credit accounts, such as a home loan, personal loan, and credit card, indicate that they can manage multiple types of debt at one time. And there you have it, folks - your ultimate guide to checking your CIBIL score using just your PAN card! As you continue to navigate the twists and turns of your credit journey, remember that you hold the pen to your credit story. Edited by: Ankita Chavan

What is the CIBIL Report? India's credit information for both individuals and financial organizations is managed by CIBIL, which was established in 2000. It produces reports in a timely manner, assisting people in understanding how they repay credit and approving credit cards and loans. Your financial well-being depends on your ability to understand CIBIL scores and how to interpret CIBIL reports. Find more about the different credit score ranges and how to view your credit report and score. How to Read a CIBIL Report? Given below are different ways to read a CIBIL Report. Following these tips will make your task easy: 1. CIBIL Score The first section of the credit report is your CIBIL score. Lenders do a CIBIL score check to determine your creditworthiness while evaluating your loan application. The 3-digit number ranges from 300 to 900. The range of your credit score depends on your past payment history and current obligations, payment defaults, and credit card usage. Sometimes, the score may indicate NA or NH, which might be there for the following reasons: • No credit history • No credit activities in the last few years • No credit exposure, and all add-on credit cards A score closer to 900 is favorable for obtaining new credit products. That means the lending institution will feel more confident in lending you funds. 2. Personal Information The second section contains details like your name, gender, and date of birth. It also includes your identity information, like your PAN, Aadhaar number, voter ID number, passport number, and driver’s license number. 3. Contact Information The section contains your residential, office, temporary, and permanent address, email address, and telephone number. 4. Employment Information The section covers details regarding your income and occupation when obtaining a new credit facility. 5. Account Information This is the most important section of the CIBIL report. Your Credit Score largely depends on the information in it. It contains all the details regarding your past and current credit products. The section has a table comprising columns with your lender’s name, type of credit product, ownership type, account number, date of account opening, loan amount, date of last payment, outstanding balance, and a monthly record of payments. It contains DPD (Days Past Due), which is the number of days an account payment is due. The most positive values in this column are STD or 000. All other values imply past-due payments. XXX means that the bureau has had no payment-related information for the past few months. Similarly, 030 means that an account payment is late by 30 days. 6. Red Box A red box above ‘Account Details’ indicates disputes in the account information. When you read your CIBIL report, you might see a red box next to the fields under dispute. You can have the box removed after closing the conflict. 7. Enquiry Information The section contains information about any recent inquiries you or lenders have made regarding a credit application. Each time you make a credit-related inquiry, the lender performs a CIBIL score check to know your credit history. This inquiry gets recorded in the credit report. Too many credit inquiries within a short period represent credit-hungry behavior that makes lenders believe that you are a risky borrower. Some Important Things You Need to Know While Analyzing Your Credit Report Here are a few things to keep in mind when analyzing your credit report and checking the CIBIL score range online for free: DPD (Dues Past Day): This represents the number of days since the repayment due date. Ideally, it should be zero. • CN (Control Number): A 9-digit reference number for contacting CIBIL regarding report-related queries. • Settlement Amount: An agreed-upon amount between the lender and borrower in case of a payment dispute, usually lower than the loan amount. • Written Off Amount: The remaining amount from the total loan after a settlement between the borrower and lender. • NPA (Non-performing Asset): Payments overdue by more than 90 days. • Amount Overdue: Unpaid payment to a lender, including loan installments and principal amount. • High Credit: The total amount due from the borrower on an overdraft or credit card, including interest and fees. • Written Off and Settled Status: Indicates a settlement or restructuring of the loan agreed upon by the borrower and lender. Additional Read: Tips to Find Errors in Credit Report What is the CIBIL Score Range? The CIBIL score ranges from 300 to 900. Any CIBIL score above 750 projects you as a capable borrower worthy of new credit. Finance providers have the right to reject your loan application if your score is below that threshold. Before applying for a loan or credit card, receive your CIBIL report on the bureau’s official website and read it carefully to see how it has segregated your information. Here is a list of credit score ranges: • 750-900: Excellent • 700-749: Good • 650-699: Satisfactory • 600-649: Doubtful • Less than 600: Needs Urgent Action CIBIL calculates the credit score based on the following parameters. • 30% weightage to your payment history, which indicates how consistently you have paid your past loan EMIs and credit card bills. • 25% weightage to your credit utilization, which is the percentage of available credit you use on average. • 25% weightage to credit duration and type, which indicates your experience in handling different credit products. • 20% weightage to factors like the number of credit accounts and credit inquiries. How to Check CIBIL Score Range Online for Free with OneScore Checking your CIBIL score range online for free with the OneScore app is very easy. Here’s how you can do it: 1. Download the OneScore app from the Play Store or App Store. 2. Open the app and click on “Check my Score”. Enter your mobile number that is linked with your PAN and Aadhaar card. 3. Enter details such as your name, address, and email address. 4. As soon as you enter these details, you will be redirected to a page where you can check your CIBIL score online for free. How To Make Your CIBIL Score Good A CIBIL score above 750 is considered excellent. If you have a lower score than this, you may face difficulty getting loans. It is best to work on your credit score and improve it before applying for a loan. Here’s how you can improve the range of credit score- • Making timely loan repayments and paying credit card bills on time. • Not using credit cards to their limit, and paying off all dues as quickly as possible • Using a reliable platform such as the OneScore app to frequently check your credit score and track your improvement over time. In a nutshell, CIBIL is crucial for financial needs. It generates timely reports, aiding in understanding credit repayment patterns and facilitating approval for credit cards and loans. It's essential to regularly monitor our CIBIL score. Let's seize the opportunity to make a difference in our CIBIL scores and financial futures. Start now, before it's too late! Edited by: Ananya Gupta

Let’s start ticketing things off our bucket list this holiday season, and jet off on a few adventures to break free from the monotony of our everyday lives! To do so the first thing that's on all of our minds is ‘Money’. It's essential to ensure that your vacation expenses don't dampen the excitement of your trip. This is where credit cards truly shine! They inject extra flexibility into your budget and can even uncover hidden savings. Here are some exhilarating hacks to unlock the full potential of your credit cards while you're on vacation. 1. Free up your card limit If you are using credit cards with low available credit limits on vacation, you may not be able to make the most use of them. Especially if you run low on cash or face an emergency, credit cards can become your savior. So ensure you pay off all the outstanding balances before heading for your big vacation. 2. Use credit cards for large transactions Credit cards are also more secure than debit cards in case there’s any dispute or fraudulent activity. When you use a credit card for larger purchases like hotel rooms, flight bookings, etc., you have more control over the transactions. The risk of losing your money to fraud is much lower in the case of credit cards. However, it’s equally important to maintain a healthy credit utilization ratio to ensure you are not going overboard with your purchases. 3. Don’t max out your credit cards Maxing out your credit cards can attract extra fees and may create a dent in your credit report which will eventually hurt your credit score. So ensure you actively monitor your card limit. 4. Avoid holiday debt The vacation hangover can last longer than you can imagine. Therefore it’s important to track your budget and pay off your dues on time. If you are on a longer vacation or in case your bill due date is near the vacation, you can also set up payment reminders using the OneScore app for free. Late payments can damage your credit score and attract unnecessary fees. As we dive into new experiences and create cherished memories, let's remember that smart financial management adds an extra sparkle to our adventures. With these hacks and a bit of planning, our holiday escapades will not just be exhilarating but also financially savvy! Edited by: Ananya Gupta

Welcome, OneFam! We believe in the power of collaboration and the strength of collective ideas. Together, let's unleash our creativity and embark on a journey to enhance your One experience. We're here to listen, journal your ideas, and strive to implement them in the future. So, put your thinking caps on, and let's dive into the realm of innovation! 🚀 Idea Incubator: Share your ideas, big or small, that have the potential to transform and elevate the One experience. Whether it's a feature suggestion, a new service concept, or an innovative solution, every idea counts! 💡 Innovation Exchange: Engage in vibrant discussions and build upon each other's ideas. Collaborate with fellow OneFam members, expanding the horizons of possibilities, and refining concepts through open dialogue. 📝 Journal of Dreams: We'll carefully document your ideas, capturing their essence and potential. Every suggestion will be cherished and considered, as we strive to co-create a stellar future for your One experience. 🔧 Implementation Exploration: Our team will review and assess the feasibility of your ideas, exploring avenues for implementation. While we can't guarantee every idea will be realized, we're committed to considering and incorporating your suggestions wherever possible. 🌟 Community Impact: Your ideas have the power to shape the One experience for all members of our vibrant community. Your contributions will be instrumental in creating an inclusive, user-centric environment that caters to your needs and aspirations. Remember, OneFam, this is your platform to dream, create, and make an impact. Your ideas are the fuel that drives innovation, and together, we can shape a brighter future for the One experience. So, let your imagination soar, share your ideas fearlessly, and let's embark on this journey of co-creation. We eagerly await the brilliance of your thoughts, as we work hand in hand to make your One experience truly exceptional. Together, let's turn ideas into reality and make our collective vision for One a remarkable success! Ready, set, innovate!

Understanding the influence of each factor that contributes to your credit score is essential for ensuring its stability and strength. What is a credit score? Imagine your credit score as your financial superpower rating! It's like a three-digit badge that tells banks and lenders how much they can trust you with their treasure chest of money. The higher your score, the mightier your financial prowess, unlocking doors to better loans and magical credit card offers. So, think of it as your secret weapon in the world of finance, where you're the superhero of your own creditworthiness adventure! Note: The above figures can vary slightly based on each credit bureau Where can I check my credit score? Four credit scoring agencies, also known as credit bureaus, provide credit scores: TransUnion CIBIL, Experian, Equifax, and CRIF High Mark. Each bureau employs its unique formulas and algorithms to compute scores for individuals, resulting in variations among the scores from different bureaus. Although you can obtain your score from each bureau individually, a faster and more convenient method is to download the OneScore app, allowing you to access your CIBIL and Experian scores in less than three minutes. What do I do if I don’t have a score? It's essential to begin building your credit score as soon as possible, as it enhances your prospects for securing loans and credit cards in the future. The quickest and most straightforward method to initiate building your credit score from scratch is by establishing a Fixed Deposit (FD) and acquiring a OneCard. This unique card is the sole FD-backed card that provides a credit limit of 100% of your FD amount. Moreover, you can earn interest on your FD at a rate of 6.05% and above per annum. Click on the link provided to obtain your FD-backed OneCard! What are the factors affecting my credit score? There are five factors that affect your credit score - 1) Payment History The most important factor while calculating your credit score is payment history. Any missed payment, be it big or small, impacts your credit score negatively. Not only does your score drop, but lenders also take it as a sign of a possible default behavior from you in the future. So maintain a good score, and ensure you make timely payments on your loans and credit cards. 2) Credit Utilization Credit utilization stands for the total amount of your credit limit (all credit cards put together) that you have spent in a month, divided by the combined credit limit you have on all your cards. For e.g., If you have a total credit limit of Rs 1,00,000 and used Rs 50,000 of your credit limit. Then, your credit utilization will be 50%. If you are overusing your credit limit, lenders think of you as someone who spends more money than they can manage. Hence, try not to use your entire credit limit. 3) Length of Credit History While calculating your credit score, bureaus don’t consider your age, but they do consider how many years it has been since the first time you took a loan or a credit card and when you took your newest loan or credit card. They also consider the average age of all your credit accounts (loans + cards) combined. The older the age of your first credit account, the better it is. 4) Mix of Credit A mix of credit refers to the type of accounts that show up on your credit report. There are two types of credit accounts - installment-based (loans) and revolving (credit cards). A mix of both these types of credit accounts shows the lender your ability to manage various kinds of credit products and hence are a good customer to lend to. 5) New Credit The number of new credit accounts you have opened in the recent past, along with the credit products you have applied for currently, make up your new credit. Think of your credit score as your financial wizard level! Every time you go on a quest for a loan or credit card, lenders cast a magical spell called a hard inquiry to summon your credit report and gauge your financial prowess. But beware! Too many spells in a short time can put a dent in your wizarding reputation (aka your credit score). So, keep your wizardry above 700 to unlock the treasure chest of financial opportunities! And if your wizardry needs a boost, fear not! Just whip out your OneScore app, brew some score-improving potions, and summon the mighty FD-backed OneCard to level up your wizarding game. Adventure awaits in the realm of financial magic! Edited by: Ananya Gupta

Cool, confident, and ready to break the mold – it's time to revolutionize retirement plans for women. In this era of empowerment, let's explore why a sleek, strategic approach is what the modern woman needs for a financially savvy retirement. Women face unique challenges in retirement planning. They typically live longer than men, earn less throughout their careers, and take more career breaks to be caregivers for children or ageing parents. These factors can make it difficult for women to accumulate sufficient retirement savings. For women, being financially secure is as important as being financially independent. These factors can impact their lives to different degrees and leave them to fend for themselves in their golden years. Factors affecting women’s retirement plans: 1. Pay gap: According to the International Labour (ILO) Organization, on average, women globally are paid about 20 percent less than men. The pay gap increases with seniority and results in missed opportunities and low lifetime earnings. Low lifetime earnings can leave women at a disadvantage when it comes to retirement security. Without adequate retirement savings, women may face financial difficulties in their later years, which can impact their quality of life and independence. Therefore, women need to save more and find the right investment instruments to achieve financial security in retirement. 2. Longer Life Expectancy: Studies indicate that women have a longer life expectancy than men, which is often overlooked when planning retirement. Women’s life expectancy rate stands around 70.3 years at birth, compared to 67.4 years for men. With more years of life, women need adequate funds to cover their expenses in their old age. While we have seen a significant portion of women join workforces, the majority of them still don’t actively plan their finances. Married women tend to rely on their spouses whereas unmarried women leave financial planning to their fathers. When women are dependent on the men in the family for financial decision-making, they may suffer or be taken advantage of after the demise of their spouse. This can be especially challenging for women who have not saved enough or are clueless about where their money is invested. It is also a common phenomenon in married Indian couples to join their finances, here’s why you should rethink opening a joint account with your spouse. 3. Career Interruptions: Women often have to take career breaks to take care of children or elderly relatives. The societal expectation that women are primarily responsible for caregiving can impact their ability to work full-time and advance their careers. It is common to see women give up their careers or take up lesser-paying jobs to take care of the children, maintain a work-life balance, etc. Career interruptions can have a long-term impact on a woman’s retirement savings, as women may miss out on opportunities for career advancement, salary increases, and retirement benefits like pensions. 4. Debt trap: As women tend to have lower incomes than men, they are likely to fall prey to the debt trap while trying to cover basic living expenses. With high-interest rates and mounting debt, women may find it difficult to set aside money for retirement savings so it can also affect women’s ability to save for retirement. Additionally, the debt trap can make it challenging to invest in long-term savings, vehicles that can provide a higher return on investment. The debt trap can delay women’s retirement plans. With mounting debt and limited savings, women may have to delay their retirement to work longer and save more. This can be especially challenging for women, who often take on caregiving responsibilities for family members, which can make it difficult to work full-time. Did you know? Poor credit management can also lead to a drop in your credit score and impact your ability to borrow. Keep a tab on all your loan and credit card accounts for free on OneScore. Download now 5. Low-risk appetite: Risk appetite is the level of risk an individual is willing to take on when making financial decisions. Studies show that Women are more risk-averse than men on average. Women’s risk appetite can be affected by a variety of factors, including societal norms, gender stereotypes, and financial education. A low-risk appetite can limit women’s ability to generate wealth and achieve financial goals. A low-risk appetite can cause women to rely too heavily on traditional financial products like savings accounts, government schemes, etc. While these options offer a measure of security, they may not provide the returns necessary to keep pace with inflation or meet long-term financial goals. After all, retirement doesn’t just have to be about covering medical bills. It can also be about travelling to places you always wanted to go or starting a business you didn’t have funds for earlier. A high-risk appetite lets you invest in potential wealth instruments, which puts you in the position to dream bigger even in your retirement. How to make a smarter retirement plan as a woman Retirement planning is crucial for everyone, but women and men tend to undergo different life experiences which makes it more difficult for women. However, these tips will help you pass those hurdles and make a smart retirement plan. 1. Take charge of your finances The idea of handling your finances by yourself may seem intimidating at first, but it’s better than leaving someone else in charge of your money. If you are struggling to understand a few concepts like taxes or investments, you can ask your friends or colleagues to help. You can also get a financial counsellor until you learn to do it yourself. Just ensure that you are actively involved in managing your finances. 2. Have a comprehensive retirement plan A wholesome retirement plan needs to factor in things like your goals, investment horizon, asset allocation, taxes, risk tolerance, and inflation. You can maintain an independent retirement fund considering these factors and manage your other living expenses separately. This lets you plan your retirement without jeopardizing your other life goals and saves you from the guilt of burdening your children. 3. Start Investing Early The earlier you start investing, the more time your money has to grow. By giving your investments more time to compound, you can potentially earn a much higher return on your money over the long term. Even small contributions made early on can lead to a higher retirement corpus. It lets enjoy a stress-free retirement knowing that you have enough money saved to support your lifestyle. 4. Get a health care plan Any medical emergency can wipe off your life’s savings in an instant. Therefore, it’s important to have comprehensive health coverage. Not only does it save you from exhausting your retirement fund, but it also gives you access to better care without having to worry about the cost. Summing up: To the women navigating the superhero saga of life, it's time for a retirement revolution! A plan tailored to the quirks of female superhero existence – from longevity and career interruptions to wage gap battles and health quests – is the key to a happily-ever-after retirement. So, capes on, financial superheroes – the retirement revolution awaits! To keep yourself informed on all things finance, click here: OneScore. Edited by: Ankita Chavan

Planning international travel can be exciting, but it also requires careful consideration of various factors, including managing your finances while abroad. With OneTrips, you can take your international travel planning to the next level. Here, we will explore how OneTrips can assist you in better organizing your travels and optimizing your spending. From the Forex Calculator to International Card Controls, OneTrips offers a range of features designed to enhance your travel experience. Forex Calculator for Transparent Spending: OneTrips provides a user-friendly Forex Calculator that allows you to calculate the conversion charges applicable to your international spending. This feature empowers you to stay informed about the actual costs of your transactions in your home currency. By having this information at your fingertips, you can make more informed decisions regarding your spending and avoid any unexpected surprises. Real-Time Conversion Charge Calculation: With the Forex Calculator on OneTrips, you can calculate the conversion charges instantly, ensuring you have a clear understanding of the fees associated with your international transactions. This on-the-go feature enables you to make better financial choices while abroad and stay within your desired budget. International Card Controls for Peace of Mind: OneTrips offers International Card Controls, allowing you to stay in control of your OneCard usage and spending during your overseas trips. These controls enable you to customize your card settings, such as transaction limits and geographical restrictions, providing an extra layer of security and peace of mind while you're away from home. Lowest Forex Charges: When it comes to forex charges, OneTrips stands out with its competitive rates. With just a 1% forex charge, OneTrips offers one of the lowest forex charges on any credit card. This ensures that you can maximize your spending power while minimizing unnecessary fees and expenses. Exciting Future Features: OneTrips is constantly evolving to provide you with the best possible travel experience. Stay tuned for upcoming features and updates that will further enhance your travel planning and streamline your journey. As OneTrips continues to evolve, you can expect even more kickass features to make your international travels seamless and stress-free. OneTrips is your ultimate companion for international travel planning. From the Forex Calculator to International Card Controls and the lowest Forex charges, OneTrips empowers you to make informed decisions, stay in control of your finances, and enjoy a hassle-free travel experience. Keep an eye out for exciting future features that will further enhance your journey. With OneTrips, your international travels will be better organized, financially optimized, and full of unforgettable moments.

Are you someone who loves exploring new destinations and embarking on exciting adventures? If so, you're probably familiar with the costs that come along with traveling. From flights and accommodation to dining and activities, expenses add up quickly. But what if I told you there's a way to save money on your travel expenses? With OneCard, you can unlock a world of travel offers and enjoy incredible deals that will make your trips even more memorable. In this blog post, we'll take a closer look at the travel offers provided by OneCard. We'll also look at how you can take advantage of them to make your travel dreams a reality. OneCard's Travel Offers Benefits : OneCard is not just another credit card. It's a metal credit card that offers exclusive benefits. When it comes to travel, OneCard goes above and beyond by providing special offers and discounts that can significantly reduce your travel expenses. Let's explore some of the key benefits of OneCard's travel offers: a. Cashback on Travel Expenses: With OneCard, you can earn cashback on your travel expenses. Whether you're booking a flight, hotel, or rental car, every transaction you make with your OneCard will earn you cashback. This means that you can get a percentage of your money back, allowing you to save even more on your travel budget. b. Exclusive Discounts on Flights and Hotels: OneCard has partnered with various travel providers and hotel chains to bring you exclusive discounts and offers. When you book flights or accommodation using your OneCard, you can enjoy significant savings. These exclusive deals are not available to the general public and are only accessible to OneCard holders. c. Reward Points for Travel Expenses: In addition to cashback, OneCard also rewards you with points for your travel expenses. These points can be redeemed for various travel-related benefits such as discounted flights, hotel stays, or even free upgrades. The more you use your OneCard for travel, the more rewards you'll earn, making your trips even more affordable and enjoyable. Tips for maximizing your travel offers To make the most of OneCard's travel offers, here are some tips to remember: Research and Compare: Before booking travel, research different airlines, hotels, and travel platforms. Compare prices and offers to ensure you're getting the best deal. Plan in advance: Booking your travel in advance can often lead to better deals and availability. Start planning your trips early to benefit from early bird discounts and promotions. Use OneCard for travel expenses: To maximize your cashback and rewards, use your OneCard for travel expenses, including flights, accommodation, dining, and activities. This way, you'll earn more and save more. Check for exclusive partner offers: OneCard has partnered with various travel providers to bring you exclusive offers and discounts. Always check for these partner offers before booking to ensure you're getting the most suitable deal. Keep an eye on promotions: OneCard regularly runs promotions and special offers for cardholders. Stay updated with the website, app, or email notifications to benefit from these limited-time deals. Taking a trip doesn't have to cost a fortune. With OneCard's travel offers, you can enjoy incredible savings and benefits on your trips. Start exploring new destinations and creating unforgettable memories while saving money with OneCard's travel offers. Apply for your OneCard today and embark on your next adventure!

Looking to secure a Personal Loan? Well, having a rock-solid CIBIL score can turn the journey into a breeze, serving as your golden ticket to eligibility and proving you're a repayment champ! Yup, lenders are all about that CIBIL score when they're sizing up your application for a Personal Loan. But hey, if your CIBIL score is on the lower side and you still need that Personal Loan, don't worry! This guide is here to shake things up a bit and make the process more enjoyable. Let's dive in and explore your options! Understanding the Impact of a Low CIBIL Score on Personal Loan Approval Your CIBIL score is like your credit report, showing off how well you've juggled debt in the past. It's scored from 300 to 900 and takes into account your repayment track record, balances owed, credit mix, history length, and any recent credit action. A low score may lead to a loan denial, while hitting the 700s or higher turns you into the lender's dream borrower, boosting your chances of loan approval. When your score's low, lenders might be a bit hesitant to roll out the loan carpet but fear not, we'll jazz up your credit journey and turn it into a party!  Use These 10 Tips If You Need a Personal Loan with low CIBIL Score 1. Show Evidence of Sufficient Income For Loan Repayment A hike in salary or an additional source of income may make the loan provider more confident about your loan application. Show evidence of a secure job and steady cash flow to improve your likelihood of easy loan approval. 2. Apply for a Smaller Loan Amount Lenders may perceive you as a high-risk borrower if you demand a high loan amount with a low credit score. From the loan provider’s perspective, you have a higher probability of loan default in such a situation. Consider applying for a smaller loan amount to reduce the lender’s risk, making it easier for them to grant the loan. The repayment for a lower loan amount will also be easier on your pockets. 3. Get a Guarantor If you are looking for a Personal Loan with a low CIBIL Score, getting a guarantor can speed up the approval procedure. A guarantor assures the lender that, in the event of default, the guarantor will assume responsibility for the loan. Getting a guarantor with a good CIBIL score will improve your loan eligibility and make it easier to obtain a personal loan. 4. Resolve Mistakes in Your Credit Report In case your CIBIL score is low despite maintaining a good repayment history, you should check your credit report thoroughly. Your credit report may still have errors that are not your fault. It usually happens when your credit company does not report your latest credit-related information to the credit bureau. Errors like these can keep your credit score low and make it challenging to get a loan. Ensuring a timely check on your credit score and keeping your credit report error-free is important. Platforms like OneScore allow a free online check of your CIBIL score to help you identify errors and resolve them in time. 5. Add a Co-Applicant Alternatively, you can add a co-applicant to your loan application while applying for a Personal Loan with a low CIBIL Score. A co-applicant is someone who co-applies for a loan and agrees to repay the loan with the primary borrower. Since the credit score of the co-applicant directly impacts your loan eligibility, you must ensure they have a high credit score. 6. Request Your Case with an NA Credit bureaus mark a period of no credit activity for the last 36 months as ‘Not Active’ or NA in the credit report. It happens when the credit bureau does not receive any information about your credit-related activity for the past few months. With no recent credit history, credit companies cannot determine your financial position or how efficiently you handle credit. In such a case, they can consider your case with an NA and offer you a Personal Loan with a low CIBIL score. 7. Ask Your Lender to Consider Your Credit with an NH Lenders may consider your case with an NH if you have no history of credit. It often happens when you are new to the world of credit and have never taken a loan or credit card in the past. Since the lenders have no record of your repayment history, they can take a risk in your case, though at a higher interest rate. 8. Borrow From Your Existing Credit Company If you have an existing relationship with a particular credit company, consider reaching out to them first. The company will have all your credit account details, repayment history, cash flow, and prepayments. If you have a strong history of consistent repayments but have recently reduced your credit score for various reasons, they may still approve your loan based on your past records. 9. Apply for a Loan from an NBFC Traditional banks have strict eligibility conditions that make borrowing difficult for borrowers, let alone those with a low credit score. On the other hand, NBFCs are Non-Banking Financial Companies that want to increase their profits by lending to a maximum number of borrowers. Thus, they keep their eligibility requirements as simple as possible to attract more borrowers. NBFCs are easier to convince, as they have flexible loan terms for more efficient credit management. 10. Improve Your Credit Score While you may get a Personal Loan with a low CIBIL score using the above methods, try improving your eligibility by using strategies to increase your credit score. 1. Pay off existing loans. Consider consolidating your debt if you have multiple high-interest credit card debts or loans. 2. Diversify your credit profile. Maintain a mix of credit cards and loans. Keep your old accounts active. 3. Reduce your debt-to-income ratio. Keep your credit utilization rate low. Once you achieve a score of 700 or above, it becomes easier to get a personal loan with lower interest rates and better terms and conditions. How to Save Your CIBIL Score from Going Down Want a low CIBIL personal loan? Follow these tips to ensure a good credit score: • Check your credit score frequently to get alerts whenever it drops • Review your credit report regularly to identify any errors and get them rectified • Make your payments on time and in full to maintain a good repayment history • Request an increase in your credit limit to reduce your credit utilization rate • Minimize credit card usage to avoid displaying credit-hungry behavior Personal Loans can be of great help when you find yourself in need of instant funds. Before sanctioning your loan application, lenders check your credit score to determine your credibility. That is why checking your CIBIL score before applying is crucial to ensuring loan eligibility. OneScore is a reliable platform that allows you to check your CIBIL score for free online, based on which you can make your borrowing decision. You will also get free insights on how to improve your credit score and increase your loan eligibility with better terms and conditions. Edited by: Ananya Gupta