credit and eligibility

5 glossary terms in this category

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CREDIT AND ELIGIBILITY TERMS

Credit Score (CIBIL Score)

A credit score, commonly referred to as CIBIL score in India (after TransUnion CIBIL, the leading credit bureau), is a...

credit and eligibility

FOIR (Fixed Obligations to Income Ratio)

FOIR measures how much of a borrower's monthly income is already committed to fixed obligations — existing EMIs, credit card...

credit and eligibility

Income Tax Return (ITR)

Income Tax Returns are the annual filings with the Income Tax Department declaring income from all sources and tax paid....

credit and eligibility

Loan Eligibility

Loan eligibility is the assessment process lenders use to determine the maximum amount they can safely lend to an applicant....

credit and eligibility

NPA (Non-Performing Asset)

A Non-Performing Asset (NPA) is a loan on which the borrower has stopped making principal or interest payments for more...

credit and eligibility

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