Income Tax
We will provide income tax return preparation, Revised return, Responding to Department notices and solving other Income Tax related issues.
CIBIL Score and CIBIL Report
CIBIL Score is an important component of your credit profile that gives potential lenders a quick idea of your credit worthiness. Credit rating for individuals is nothing but your credit score. In addition to a credits core, bureaus also provide a credit report which indicates your credit and payment behaviour.
WHAT IS CIBIL SCORE?
Credit Information Bureau (India) Limited, commonly known as CIBIL, is India’s first Credit Information Company or Credit Bureau. It maintains records of all credit-related activity of individuals and companies including loans and credit cards. The records are submitted to CIBIL by registered member banks and other financial institutions on a periodic (usually monthly) basis. Based on this data, CIBIL issues a Credit Information Report or CIR (commonly referred to as a credit report) and a credit score.
what is the Importance of CIBIL Score ?
CIBIL score is calculated based on your credit behavior as reflected in the ‘Accounts’ and ‘Enquiries’ section of your CIR. CIBIL scores are important when it comes to availing loan approvals.
- Banks will check your CIBIL Score before approving your loan.
- A CIBIL score helps determine your credit worthiness which in turn will help you avail loans faster and easier.
- CIBIL score/report plays a very crucial role in your financial journey. Credit lenders rely on your cibil score/report to determine if you are worthy of availing credit.
- If your CIBIL score is below average the lenders will be hesitant to advance loans and credit cards.
CIBIL Score and CIBIL Report
We Serve Everywhere
Thewealthbridge.in is web portal of the Virutchamwealth Bridge Private Limited is one stop business setup and consulting company, managed by specialized team of Business Analysts,Company Secretaries, Chartered Accountants, Corporate Lawyers and Financial Professionals company headquartered in Vellore,Tamilnadu, India. Having known for our quality of services, delivering the projects on time, we have clients spread across the globe
We are committed to delivering value to our clients and ensuring long term success. Reach out to us to improve your business in global market, innovation ,reduce costs, implement new techniques, manage risk and governance. For us, the most important differentiator is not ‘what’ we do, but ‘how’ we do
Business Licenses
Our Professionals Will help you in getting your business licenses and Business licenses necessary for smooth running of businesses
Financial Services
we will Provide Funds for both personal and Business. Our funding system gives a credit line facility, enabling you to expand your business to new heights
GST Returns
We will make your business to GST Compliance. Returns are required to be filed digitally online through a common portal to be provided by GSTN
02.
What include in this package ?
- Verification of Documents
- Preparation of financial statements
- Dealing with Respective Bank Authorities
- Following until Loan is allotted
CIBIL Score and CIBIL Report
WHERE CIBIL SCORE CAN BE USED ?
01.
Loan approval
Your CIBIL score shows the lender just how creditworthy you are. If you have a good CIBIL score or report, the lender won’t hesitate before granting a loan. But a bad CIBIL score might lead to loan rejection as the lender is unsure of your creditworthiness.
02.
Credit card approval
Low or a bad CIBIL score can hamper your chances of getting a credit card. If you’ve defaulted previously on any of your credit cards, it would have been recorded on your CIBIL report and this does not hold well with the banks and financial institutions. Banks/financial institutions are more likely to approve your application for a credit card when you have a decent CIBIL score.
03.
Interest rates
Higher the CIBIL score, lower the interest rates. If you hold a good CIBIL score/report you have a better chance at getting lower rate of interest on your loans and credit cards. A good CIBIL score will grant you the power to negotiate.
04.
Housing
A good CIBIL score will ensure that you get a housing loan without any hassles whatsoever and the same things holds true for availing a place on rent.
05.
Approval for higher limits
Banks and financial institutions are favorable to individuals with a good or high CIBIL score. This will ensure that you get approval for higher limits from the bank or financial institutions.
CIBIL Score and CIBIL Report
FAQ
A CIBIL Score is an indicator of an individual’s credit worthiness. It impacts the individual’s ability to borrow and take fresh credit from lenders.
In India, the best credit score to have is one that is 750 or above. The three credit rating agencies that operate in India
A poor CIBIL score can increase your financial problems and make it difficult to access credit, whether as a loan or credit. Below tips to Improve your CIBIL Score :
Convert ‘Settled’ to ‘Closed’ status
Make regular payments
Pay off your any outstanding
Do not exceed any of your credit limit
Continue to use your credit
Convert ‘Settled’ to ‘Closed’ status
Make regular payments
Pay off your any outstanding
Do not exceed any of your credit limit
Continue to use your credit
Borrower’s PAN card, address proof, last two years financial statements including profit and loss account and balance sheet, last six months bank statements, VAT/Service tax returns, partnership deed/MOA, existing loans repayment track record, partner/director’s PAN card, KYC, own house proof, ITRs, etc. Additional documents may be required on a case to case basis.
Credit Information Bureau (India) Limited, commonly known as CIBIL, is India’s first Credit Information Company or Credit Bureau. It maintains records of all credit-related activity of individuals and companies including loans and credit cards .
Is it possible to obtain a free credit check or credit report? The answer is yes and no!
It is difficult to get a loan with a credit score of 550. Most banks look for a minimum score of 750 when deciding whether to approve of a loan application.
CIBIL score is generally the most widely used in India. A credit score of 750 or above is generally considered to be a good score. A person with such a score stands a good chance of having their credit card application approved quickly.
Your current credit score, calculated based on your credit behavior as reflected in the ‘Accounts’ and ‘Enquiries’ section of your CIR, ranges between 300-900. Ascore above 750 is generally considered good. Monthly or annual income details as reported by the Members (Banks and Financial institutions).
CIBIL scores are very important when it comes to availing credit, especially loan approvals. The banks check your CIBIL score or credit score through CIBIL. ACIBIL score helps determine your creditworthiness which in turn will help you avail loans faster and easier.
Why Choose Wealth Bridge
About Wealth Bridge
We Help You To Form Your Company In A Simple Way Wealth Bridge Will Making More Possibilities which aims at providing much-needed funds to businesses across the trading and service industry
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Head Office
2nd Floor, #23, 8th East Main Road
Gandhinagar, Katpadi, Vellore
(+91) 416 2241199
(+91) 86677 53901
Branches
ARAKKONAM OFFICE
# 10/1, Thiruthani High Road ,
Upstairs to Central Bank ,Jothi Nagar,
Arakkonam , TamilNadu - 631003
Phone:+91 6381184522 , +91 8012747723.
RANIPET OFFICE
No 126, MBT Road, Mahaveer Complex,
First Floor, Muthukadai,
(NearDarling bakery) Ranipet - 632401
Phone : +91 417 2295006 +91 86675 42148