Credit Score: It is very important to have CIBIL score to take a loan from the bank, without it you may have to face many problems in getting the loan. Actually, you can get loan even without CIBIL score. In this the bank checks your background and payment history. However, if the CIBIL score is good, it is very easy to get a loan.

What is CIBIL score?

CIBIL score is also called credit score. It is a 3 digit number between 300-900, which tells whether you have ever used a credit card or taken a loan. If yes, then how responsibly have you returned the loan money or made EMIs or payments?

Generally 300 is considered the worst score and 900 is considered the best. If the score is good, the loan is approved quickly, that too at a good interest rate. But many times the loan request is rejected even if the CIBIL score is good. Suppose if your CIBIL score is 750, then it will be considered good. But many times the loan gets rejected even if the CIBIL score is 750. Do you know what is the reason for this?

debt-to-income ratio

Your debt-to-income ratio is a big factor behind this. The bank wants that less than 40 percent of your monthly income should be spent on EMI. Financial advisor Ritesh Sabharwal tells that if you have a salary of Rs 1 lakh and Rs 45,000 goes in EMI, then your DTI will be 45 percent. In such a situation, even if your CIBIL score is 750, the bank will refuse to give you a loan because the bank will consider you an excessive borrower. High DTI means that you may face difficulties in repaying the loan, due to which the bank becomes alert.

Applying for loan more than once

Applying for credit cards or loans multiple times in a short period of time also makes matters worse. If you have requested for a loan more than three times in three months, then the bank looks at it from a negative perspective. The bank sees signs of your being under financial pressure and sees the danger of financial risk. Many times, people who change jobs frequently face difficulty in getting a loan.

How to improve?

Sabharwal says that you can increase your chances of getting a loan by keeping the debt-to-income ratio below 40 percent, maintaining a record of staying in the same job for a long time, using 30 percent of your credit limit, making regular loan payments from time to time and not applying for loans again and again.

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Loan On Silver Jewellery: Nowadays loan has become an important part of our life. If someone wants to build a house or start a business or meet some important expense. Most people depend on loans only. Till now banks used to give loans only against the pledge of gold. But now the Reserve Bank of India has given another big facility to the common people.

RBI has decided that now loan can be taken from the bank even by mortgaging silver jewellery. This rule will be applicable from April 2026. Lakhs of rural and urban customers will benefit from this. Who will now be able to use their silver to fulfill their financial needs. Let us tell you which rules will have to be followed for this.

Silver Pledge Rules

Now people in the country will have the facility of loan by pledging their silver. According to the guidelines of the Reserve Bank of India, a customer can take a loan by pledging a maximum of 10 kg of silver or 500 grams of silver jewellery. Pledge exceeding this limit will not be allowed. This facility will be provided to all banks, co-operative banks and non-banking financial institutions i.e. NBFCs.

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RBI has directed banks to adopt a transparent process like gold, in which the pledged silver is properly valued, security standards are met and all the rules are informed to the customer. This scheme will provide great relief to small customers, farmers and housewives. Because now these people will be able to get financial help by mortgaging their silver.

loan repayment process

According to the new guidelines of RBI, the loan against silver can be repaid in seven years. Interest rates will be decided by the banks and these rates will be based on the current market conditions. That means interest is charged on gold loan. Similarly, now this will be applicable on silver loan also. If the customer is unable to repay the loan on time.

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So the bank can auction the pledged silver. During this period, a maximum processing fee of up to Rs 5,000 can be charged. This rule will be implemented across the country from April 2026. After its implementation, people will benefit a lot.

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If you want to study pharmacy but are worried about the fees of studies, then there is no need to panic anymore. In today’s time, you can realize your dreams through education loan. Whether it is B.Pharma or M. Pharma, you can complete your studies without financial burden by taking education loan.

What is education loan?

Education loan is a debt that students can take to meet their studies expenses. It also includes essential things like college fees, books, hostel expenses, laptops. Many banks and finance companies give this loan on easy terms.

Which students get a loan?

If you have taken admission in pharmacy course in a recognized institute, then you can apply for education loan. Some bank admissions even before admission-Approval is provided with loan facility. Usually, parents or parents have to make co-applicants.

How much loan can you get?

The amount of education loan depends on the fees and expenses of that course. For professional courses like pharmacy, banks give loans ranging from 4 lakh to 20 lakh rupees. This amount can be even more for studies abroad.

Loan repayment rules

The good thing is that you start repaying education loan only after completion of your studies. It is called ‘Moretorium period’, which usually range from + 6 months to 1 year. During this time you can only fill the interest or start the full payment later. Banks provide the facility to repay the loan in EMI (monthly installments). By paying timely installments, your credit score also becomes good, which makes it easier to take a home loan or car loan.

What will be the documents?

• Admission letter or college offer letter
• Marksheet of previous studies
• Evidence of identity and address
• Income proof (as per requirement)
• Passport Size Photo

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Education loan information:
Calculate Education Loan Emi

Gold Loan: The trend of pledging gold jewelry in India has increased somewhat than before. The data of the Reserve Bank of India (RBI) shows that by March 2025, the outstanding bank loans in lieu of gold have exceeded double. It has increased from Rs 1 lakh crore to 103 percent to about 2.1 lakh crore rupees. With this bounce, the gold loan has become the fastest growing segment.

Agricultural loans in lieu of gold jewelry

In fact, in 2023, RBI directed all banks to give agricultural loans in lieu of gold jewelery so that the farmer can meet his agricultural needs. Perhaps this is why the number of gold loans has increased. However, the loan given by banks in FY 2025 has come down from 20 percent to 11 percent as compared to last year. Typically, keeping the loan found in rural areas in lieu of gold in the category of agriculture credit benefits banks because one is low in interest rates and the terms of repaying it are also easy.

RBI banned NBFC on giving gold loan

After the Reserve Bank imposed a ban on granting loans on some major non-banking financial institutions, people turned to banks for this.

That’s why people are taking gold loan

On the other hand, due to the increase in gold prices, the number of people taking gold loans has also increased as more funds are being demanded according to the current market price instead of mortgaged jewelery. Despite the bounce in the gold loan, the borrowing has decreased. By the end of March 2025, the outstanding loan of banks has reached 182 trillion rupees.

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