Also read |Form 26AS: Step-by-Step Download Guide

I. Financial Preparation (Steps 1, 4, 5)

This is about what you can actually afford. Let’s be real.

• 1. Begin with Budgeting: Don’t just budget for the house price. Factor in renovation, decorating, and long-term maintenance. Use an EMI calculator to figure out your comfortable monthly outflow before you decide on a loan amount.

• 4. Check Your CIBIL Score: Your eligibility and the interest rate you get are heavily dependent on this 3-digit score. Pay credit card bills and loans on time. You need a good score or you’ll compromise your financial security.

• 5. Save For Down Payments & EMIs: The Reserve Bank of India (RBI) mandates lenders can only provide up to 75% to 90% of the property value as a home loan, based on the property value slab and other factors. (The text states 80%, but market reality varies—up to 90% for properties under ₹30 lakh). This means you must save the mandatory 10% to 25% for the down payment yourself. Plus, budget for developer charges and interior costs.

II. Market & Location Due Diligence (Steps 2, 3, 6)

Location, location, location. And who built it.

• 2. Choose the Location with Care: Don’t just look at the house. Consider the amenities (schools for kids) and connectivity (for working professionals). If it’s an investment, choose a locality that shows demand and future resale value.

• 3. Study the Housing Market: Consult real estate forecasts and industry experts. This helps you identify cities or areas with low rent rates or upcoming infrastructure projects, which drive demand and value.

• 6. Take Your Time to Find the Right Home: Don’t rush into the first option. Have a non-negotiable checklist (e.g., outdoor space, deck). Factor in future needs and the kind of community you want. Avoid sub-par developers; research is key.

III. The Developer Factor (Step 7)

This is about quality control and legal peace of mind.

• 7. Choose a Grade A Developer: Buying from a Grade A developer ensures the property is legally compliant and built with the highest quality standards. Why? Because they have the scale, experience, financial stability, and reputation for on-time delivery and legal adherence. They usually offer better customer support, too.

 Post-Purchase & Ongoing Costs (The Aftermath)

Once the paperwork is done, the expenses don’t stop.

• Essential Safeguards: Get Homeowners Insurance to protect the investment. Conduct a Home Inspection (for structural integrity/safety) and a Home Appraisal (to confirm the price matches market value) before finalizing the deal.

• Ongoing Expenses: Don’t forget the monthly costs:

  • Mortgage Payments (EMI).

  • Property Taxes (annual).

  • Homeowners Association (HOA) Fees (if applicable).

  • Emergency Fund for unexpected repairs—this is not a luxury.

📈 Why Now? (Market View)

The Indian real estate market is expected to exhibit a solid growth rate (CAGR) of 9.2% during 2023-2028. The government is pushing things with tax benefits and aid.

• Favorable Factors: Low interest rates, a stable or growing market, positive economic conditions (low unemployment), and government incentives are key signs it might be a good time for you. But ultimately, it comes down to Personal Financial Stability and your Long-Term Stay plans.

Also read |Form 26AS: Step-by-Step Download Guide

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The post Now Check CIBIL Score with a Single Click Using Google Pay: Full Guide Inside first appeared on Rightsofemployees.com.

Anyone can need money at any time. Many times people do not have savings or emergency funds. In such a situation, people take a personal loan from the bank to arrange for money. Taking a personal loan from the bank can be the best option in an emergency situation, but there are many people who take a personal loan from the bank to fulfill their small needs. Let us tell you that the interest rates of personal loans are very high. In such a situation, personal loan should be taken from the bank only for important works.

You can take a personal loan from the bank in any emergency. The process of taking a personal loan is also quite simple. If your CIBIL score is good, then you can get a personal loan from the bank even at a low interest rate. Today we will tell you for which purposes you should not take a personal loan from the bank.

Do not take personal loan for these purposes

Many people take personal loans to buy property but one should never take personal loans to buy property. Apart from this, one should never take personal loans to fulfill one’s hobbies like expensive phones, travelling or to buy any luxury items. One

should also never take personal loans to pay credit card bills. The EMI of this loan is very high. In such a situation, failing to pay it can spoil your CIBIL score.

Never take a personal loan even to repay a loan. By doing this, you can get trapped in a debt trap and it will be very difficult for you to get out of it.

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The post Personal Loan: You should never take a personal loan for these purposes, Know Here first appeared on Rightsofemployees.com.

This mistake is payment default. Till now, a total of 6 rules have been made by the Reserve Bank on CIBIL, which will directly benefit you. Let us know about these 6 rules and understand how you will benefit from them.

1- CIBIL will be updated every 15 days

According to this new rule, now the credit score of the customers will be updated every 15 days. This rule will be effective from January 1, 2025. The CIBIL score of the customers can be updated on the 15th of every month and at the end of the month. This will have the advantage that the CIBIL score of the people will be updated every 15 days and banks will be helped in taking the right decision in giving loan to anyone. At the same time, people will also get a chance to improve their bad CIBIL soon and people will also benefit.

2- Information regarding CIBIL check will have to be sent to the customer

The central bank has told all credit information companies that whenever a bank or NBFC checks a customer’s credit report, it is necessary to send the information to that customer. This information can be sent via SMS or email. Actually, many complaints were coming up regarding credit score, due to which the Reserve Bank of India has taken this decision.

3- It is necessary to give the reason for rejecting the request

According to the Reserve Bank of India, if a customer’s request is rejected, it is necessary to tell him the reason for it. This will make it easier for the customer to understand why his request has been rejected. It is necessary to make a list of the reasons for rejecting the request and send it to all credit institutions.

4- Give free full credit report to customers once a year

According to the Reserve Bank of India, credit companies should provide free full credit score to their customers once a year. For this, the credit company will have to display a link on its website, so that customers can easily check their free full credit report. This will let customers know their CIBIL score and complete credit history once a year.

5- It is necessary to inform the customer before reporting the default

According to the Reserve Bank of India, if a customer is about to default, it is necessary to inform the customer before reporting the default. Loan giving institutions should share all the information by sending SMS/e-mail. Apart from this, banks and loan giving institutions should appoint a nodal officer. The nodal officer will work to solve the problems related to credit score.

6- Complaint should be resolved within 30 days

If the credit information company does not resolve the customer’s complaint within 30 days, then it will have to pay a fine of Rs 100 per day. That is, the later the complaint is resolved, the higher the fine will have to be paid. The loan disbursing institution will get 21 days and the credit bureau will get 9 days. If the bank does not inform the credit bureau within 21 days, then the bank will have to pay a penalty. If the complaint is not resolved even after 9 days of the bank’s information, then the credit bureau will have to pay a penalty.

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The post CIBIL score Rule: RBI has made these 6 rules on CIBIL score, everyone will benefit, just don’t make this mistake first appeared on Rightsofemployees.com.

Whenever you apply for a loan or credit card from a bank or financial institution, your CIBIL score is checked first. A good CIBIL score means that your loan approval chances are high and you can get a loan at a lower interest rate. Usually, a PAN card is required to check the CIBIL score, but now you can check your CIBIL score even without a PAN card. Let us know its easy method and important information related to it.

What is CIBIL Score?

CIBIL Score is an important indicator of your credit history and financial discipline. It is a three-digit score that reflects your creditworthiness.

• Good score: 750 and above.
• Average score: Between 650 and 750.
• Low score: Less than 650.

Having a good credit score increases the chances of loan approval, and banks also provide loans at lower interest rates. However, getting a loan can be difficult in case of a poor credit score.

Importance of Credit Score 

CIBIL score not only reflects your financial credibility, but it also helps you improve your financial plans. It is important due to the following reasons:

Better loan deals: A higher credit score gets you loans at lower interest rates, thereby increasing your savings.

Financial planning: A good score makes financial planning easier.

Credibility: A high score makes you credible to financial institutions.

Score improvement: If your score is low, it can be improved by paying bills and loans on time.

How to check CIBIL score without PAN card?

Now CIBIL has made its services more simple. You can easily check your CIBIL score even without a PAN card.

For this you have to follow the following steps

• Visit the website: Visit the official website of CIBIL and click on the ‘Personal CIBIL Score’ option. Then select Get Your Free CIBIL Score.
• Create an account: Create an account by entering your email ID and password.
• Select alternative documents: Select other documents like passport, voter ID or driving license instead of PAN card.
• Fill in personal details: Enter your name, date of birth, PIN code, and state details. Then enter the mobile number.

OTP verification: An OTP will be sent to your mobile number. Enter it to verify your identity.

Device setup: If you are logging in from your personal device, select ‘Yes’. Click No for public devices.

Access dashboard: After successful login, click on Go to Dashboard and view your CIBIL score.

Why is it important to monitor CIBIL score?

CIBIL score is a measure of your financial health. It is important to monitor it regularly because:

• Financial stability: It helps maintain your financial health.
• Better loan deals: Regular monitoring can help you improve your score, which can help you get better loan offers.
• Fraud prevention: Periodic score checks can help detect any unauthorized activity.

If your CIBIL score is low, take the following steps to improve it:

• Pay off loans and credit cards on time.
• Utilize less than 30% of your credit limit.
• Avoid applying for new loans frequently.
• Check your credit report regularly and get any errors rectified immediately.

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High CIBIL score or credit score shows that you are financially responsible and stable, pay your bills on time. On the other hand, if the score is low, the bank may refuse to give you a loan or credit card when you need it.

You can check credit score on Google Pay

There are many ways available to you to check your credit score. Apart from the website of CIBIL (Credit Information Bureau (India) Limited), there are many platforms which give you the option to check your credit score. If you use Google Pay, you can also check your CIBIL score through this.

How to Check Credit Score on Google Pay

Google Pay is a payments app, on which you can make online payments. Earlier on this platform you used to get the option of making bus payments, but on this you also get the option of checking credit score. You can check CIBIL score for free on Google app, its process is as follows-

If you are a new user-

First download Google Pay app from Google Play Store or App Store.
– Sign in with your Google Account and enter your phone number.
Add a bank account to your Google Pay account by following the on-screen instructions.
You can also add a debit or credit card from the same mobile number to your Google Pay account.

Now the process mentioned below is for both the new and the users who are already using the app-

Open the Google Pay app.
Scroll down and come to the “Manage Your Money” section.
Here you will see “Check your CIBIL score for free” option, tap on it.
Here you will be asked to check credit score, below this you can choose the option to check.
You have to give your full name here, note that here you have to give the same name which is there in your PAN card.
After entering the details and continuing, your CIBIL score will appear on the screen.

According to your CIBIL score, you can also be given tips, comments, etc. Google Pay says that checking credit score through the app does not affect your CIBIL score.

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Whatsapp and Paytm are also options

Whatsapp and Paytm also give you the facility to check CIBIL score. Experian India, a company providing credit score and data analytics, started the facility to view credit score for free through WhatsApp last year. Apart from this, you also get the option to check CIBIL score on Paytm, which is a very easy process.

How to check credit score on Paytm?

Log in to your Paytm app.
– Tap on the Show icon on the home screen
– Tap on ‘Free Credit Score’
– Now enter your PAN card number and date of birth.
– Click on submit. Your credit score will be visible.

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Even if you deposit 50 thousand rupees or more through a slip from a bank account, you are still required to apply a PAN card. In such a situation, understanding the need of PAN card, everyone gets it made. If you think that your name or any other mistake has been made in your PAN card or you want to change something, then it is important to understand how it will happen?

Improvement can be done in these two ways If there is any mistake in your PAN card then you can get it corrected. You have to keep in mind that for this you can get it done both offline and online.

If you want to get the correction done in your PAN card in offline mode, then for this you have to fill a form by visiting your nearest PAN Facilitation Center. This form is called ‘Application for New PAN Card/Change/Correction in PAN Data’. After this the correction will be done in your PAN card.

How to improve online

If you want to get your PAN card done online, you can do so by visiting NSDL service onlineservices.nsdl.com/paam/endUserRegisterContact.html or UTIITS service UTIITSL myutiitsl.com/PAN_ONLINE/CSFPANAapp.

You can also contact here You can contact NSDL at 1800-180-1961 and 020-27218080. Apart from this, you can also write an email to them on these two IDs efilingwebmanager@incometax.gov.in and tininfo@nsdl.co.in.

The post PAN Card Correction: Now you can do correction in PAN card in these two ways sitting at home, know here what is the easy process? first appeared on Rightsofemployees.com.