Credit/CIBIL Score explained in Hindi | Applying for a loan? | Ankur Warikoo
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- Опубліковано 28 сер 2024
- What is #CIBIL score? Is it different from #credit score? How can you calculate it?
In this video, I will share with you the importance of having a good credit history, and how you can build a good credit score even if you are a student, and how it will help you going ahead.
Along with this, we will also talk about the right mix of #loans, your credit worthiness, and more than anything else, how to manage your finances for a good CIBIL score.
If you have any questions that were not answered, feel free to ask in the comments section below!
Click here to subscribe to my UA-cam channel: shorturl.at/bizNX
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Ankur Warikoo is an entrepreneur, an angel investor, a mentor and an active public speaker.
For the past 4 years, Warikoo has been actively sharing content on UA-cam, LinkedIn, Instagram, Facebook and Twitter amassing a following of 1.8Mn+ people.
He posts 3 Hindi and English videos every week on his UA-cam channel, where he talks about entrepreneurship, how to grow in life, personal finance and failure.
Warikoo started his entrepreneurial journey in 2008. His most recent startup is nearbuy.com where he was the founder and CEO from 2015 until 2019.
Prior to that, Ankur started Groupon’s India business in 2011 and acted as the Country CEO from 2011-15, and Head of Groupon APAC from 2013-15.
An alumnus of the Indian School of Business, Ankur is an active Angel investor and mentor to several startups.
Ankur has been part of Fortune Magazine’s 40 under 40 List for India, LinkedIn India’s PowerProfiles List, LinkedIn India’s Spotlight List and India’s Top Executives under 40 list.
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Thank you so much Ankur sir. I am glad that I am subscribed your channel . Such knowledge you are sharing with free of cost which will shape my life with better future. Once again thank you so much sir 😘 for sharing all financial knowledge with us ❤️
How can a person be so consistent in uploading such highly qualitative and informative video . Hats off to you ankur
Thank you so much
Absolutely. I respect him
Sir if I send money from credit card and payment of that amount timely than any effects on my cibil score. Can I do so for getting cibil score.
This type of content is exactly what we need! Thank you Ankur for your consistent uploads :)
Glad it helps!
This is the most easy to understand video about Credit rating. Kudos to you for spreading financial literacy among young adults through such videos Ankur!
Ankur, a lot the stuff that you share is 'NOW' known to me. But I so wish that you were a UA-camr like 10 years ago. Your videos would have been even more beneficial for me then. As you always recommend in your vids, start investing 'NOW'. I wish I did back then. But still, no worries. I am in my late 20's and your content is a great source of inspiration and direction for me. So, thank you. People like you are helping build a better India for tomorrow and make me even more proud to be an Indian..
To all the college students/ freshers: please follow this guy's directions. You will realise its impact in long term.
++your presentation skills. Hats Off. I'm copying a lot from your videos to excel at work. :p
I'm glad that we have such person on UA-cam who guides youth and people in life's most important aspect
I wish I had him when I was young
It was 200% useful sir. Learning something new through your videos CIBIL score . Wasn't aware about this ever in my life. 🙂
Sir you are great, I have been following you for half a year now. I wonder why many people don't have exposure to such quality content and such a helpful person. Keep uploading and keep helping us. Meanwhile I'll make sure that people get exposure by myself sharing the videos. 🙏💯❤
Why school don't teach us those stuffs, this is real life education
Commerce padhta to jrur pta hota
Amazing video Ankur sir. I'm 17 and im so glad that i came across your channel. I'm so glad I'm able to expand my horizon towards financial literacy. Thank you so much.
Came through Srikant bhai
And fall in love on the knowledge of ankur sir😍😍👍
Thank you Ankur sir , I seen your all the videos, and I have started the investment of 10% my earnings, ..most I liked he his explanations is in hindi
I'm on a mission commenting on every video Ankur has put out in the hopes that I get a spot on his 30-minute zoom video call one day!
Cheers from Kerala!
Your every video is real life skill which college doesn't teach us...❣️❣️❣️
You have told Previously that we should not take loan in our early 20s other than education loan.👍
Same question
I got to learn this new thing:
When you are a guarantor in any kind of loan i.e education, business,.. then if the person who has taken the loan doesn’t pay emi on time or does a default then it will also impact your credit score. Thank you so much for this knowledge 😁
You are the elder brother everyone wishes to have. Thank you. 🙏🏻
Excellent 👌 One other factor is loan enquiry as well. Banks also check how many recent related loan enquiries are done. If related loan enquiries are high in number then banks become suspicious abt the intention of the borrower. That generally means u have applied to multiple banks but those banks have not granted u the loan or maybe u r not serious abt the loan and doing just a window shopping. So would advise genuine borrowers to avoid this behaviour.
Agree..
Amazing video. Can you make a video on students loan? As you know that college admissions are going to start in few months... And I don't know much about it.
'Ankur warikoo signing off ' - just amazing presentation skills
Wish I would have seen your videos before 3 years when I started my work life
Amazing Video Ankur Sir, short, crisp and clear explanation. Really Great piece of content.
Eagerly waiting for your 30 minutes.
Thank you so much for the simple and quick explanation.I have observed one thing in your videos that the English subtitles are there, which is again helpful.😊
I really want to thank you for creating all the amazing contents on life, money and investment. I'm really thankful that I landed on your channel, you really changed my life and thinking towards life. You are my inspiration. Thank you so much Sir. All the best!!
Amazing video sir. I am loving your videos on finance sir. Got to learn so much about finance by watching your videos sir.
Eagerly waiting for cryptocurrency investing free course 😀
16:42
Ankur's hate for FDs is hilariously palpable XD
I liked for the fact that you mention that one should watch the vid at 1.5x speed!
Waiting always at 9:30pm🙌🏻
Thank you in advance Mr Warikoo.
Just watched 1.18 min. But I know its a useful one for me at least.
Unique content.❤️
for point #2, mix of loans doesnt impact , you can have X number of loans but if you are paying on time it always helps to improve scores, credit cards if utilized 50% of limit is fine but you should make full payment.
for students or ppl not having score can get added as authorized user by parents to improve credit score. 👍
sir you are awesome everytime and its better to see your videos in normal speed instead of 1.5x you have an unique style and that is what makes you unique.
This video is very nice concept and curiousity because they can easily understand explain for CIBIL score...thanks a lot sir jee..
Aham namami gurudev 🙏🙏☮️...ma ek first year diploma mechanical engineer student hu aur ek spritual practisoner bhi mere life ma ek book aai zenyoga jo hame aware rehna sikhati ha how our mind works but uske saath mujhe khud ko jaane ji journey ma money bhi important ha aur mujhe business ka b bhi nahi aata lekin aapki video mere liye vardaan ha I'm on the way to watch your all videos....mujhe aashirvaad dena taki ma sprituality ke raaste ma jaane je liya utna paisa kama paau jitni mujhe zaroorat ha....... aapke andar present infinite soul ko naman karta hu ma .....
Hey dear, Thanks for making such informative video. I am from IT background but very weak in financial things. I got so much knowledge from your video.
Hello Sir.
I want to ask a question.
Now-a-days, some companies are providing the credit limit (buy now and pay later mobile applications), the limit they provide show up in credit report by the name of loan type - Personal loan or consumer loan or other loan type.
1. What are the "other loan type" ?
And do they affect the credit score negatively ?
2. And secondly, personal loan is good or bad for credit score ?
I mean the apps which give credit line on the name of personal loan, will affect the credit score positively or negatively ?
3. Like I have experienced that the consumer loan always affect the credit score positively if we make all payments on time but what about personal loans and other type loans ?
Looking forward for your reply.
Hi Ankur, I’ve watched all the videos you’ve posted on your channel, thank you so much for being a financial friend to a lot of people like me.
You said that one should not have a lot of credit cards or loans but in my case, I already have 5 credit cards, in which I only use 2 of them which have a higher credit limit and gives better rewards to me.
I did not know that having too many credit cards can hurt my CIBIL Score.
Should I close the other credit cards or just leave them?
Other side of Financial independence and Knowledge.. Thanks a ton!!!
Doubt: Would using a credit card upto 90% of its limit and then paying in full timely effect positively or negatively on CIBIL Score as you said in the video using high % of credit limit reduces cibil score but paying in full again increases it. An input would be very helpful. Thanks, btw for such information rich videos:)
It'll increase your score. But this needs time like 2-3 years consistently.
I have tried it, it decreases the score by a small amount for me. For me it decreased by 6pts. If you EVER spend more than 30% of your limit, then pay the bill BEFORE the bill is generated, not Before due date. This way once bill is generated, it will show 0% utilization and one wont have to face a drop in score
Great Work and Subtitle in English. Now everybody can understand.
Best way to build credit for a fresher (from my experience) buy a 16k smartphone through bajaj finserv emi from any shop. Never miss a payment. If you have -1 at the starting of the loan, by the time you’ll complete your emi of 18 months, you’ll have a cibil score of 800+
But how would a fresher get a Bajaj finserv emi card without cibil score to begin with ??
sir,you are real good at explaining stuff!
hahahahha......I love the kind of marketing you just did in your video for CRED.... I don't think most people noticed this....putting things in our subconscious, yet not making it obvious......Awesome.....I love your videos....learning a lot....Will meet you soon for my startup mentorship if you will be up for it..... :)
Thank you very much Mr Warikoo for giving us knowledge on the topics that you choose. You precisely share the information which is critical for us youth. These videos share awareness and I'm a proud subscriber of your community.
I wanted to extend my compliment on your mannerism of speaking which makes your words more believable.
Please keep educating and mentoring the youth of India!
For those who doesn't know about credit enquiry- please be informed that if you make a loan application to a bank or NBFC the details of your application will be shown in your CIBIL report. If you make many applications within short period of time it means you are credit hungry and this will adversely affect your CIBIL score.
Apps like money view never care about this fact. Once they get your name and mobile number they will applications on your behalf ,without your knowledge and that will adversely affect your CIBIL score. Even if dispute the same with CIBIL they will never care.
Thanks Ankur sir! really helpful. One suggestion(may be for the next video).
It would have been better if could include a portion on solving any issues related to CIBIL score.
In my case, there was a default in last year month of June, for that my CIBIL score has been reduced. It was because there was a moratorium period, then I had to drop a mail to bank saying that they can continue deducting money from account. But CIBIL showed no payment for a month. When contacted bank branch they said we have cleared everything, contact CIBIL.
I dropped a mail to CIBIL, but didn't get any reply from them..
Thanks.
Thank you ankur for the wonderful video. I would request you to please make a video on "how to clear any default of loans/credit card from cibil and there impact on cibil score".
I like the way you keep your content focused on key point. Started adopting better habits you recommended for better financial balance :)
Only one thing i would like to request is please ask the video editor to keep the BASS level of videos bit lower. Silly request but it really gives headache if sometime videos played on TV with home theater ON :D
Soo informative video,learned a lot sir.Thank youuuu sir 🙏
Great video sir. Can you please make a video on management consulting and how to get a job or internship in the top management consulting firms? It would be really helpful. Have a good day. Thank you.
Thank you once again Ankur sir for sharing this knowledge. I have been an avid follower of your videos for the past month, My first video was about "Investing in your 20's" and after that, I just couldn't stop myself. Let's just stay I binged watched your entire channel. Thanks a lot for sharing your insights regarding personal finances. Can't wait for the next video on Thursday.
Very Important video that will help lots of people on gaining their knowledge on applying Loan.. Thank you sir..
Is Credit score and cibil score same Sir?
You always come up with something new and informative content. I really enjoy watching your videos. Your speech delivery is really great I get engrossed watching your videos. Keep it going. Wish you luck💕🍻
I recommend to watch ar 1.25x speed. 1.5x is too weird.
Quality video as always. Love your vids sir.
Very informative content, You earn one subscriber today and i like the way you keep your smile into your face while briefing all the things..always keep that because it gave sense of dependability that we gonna get some good content on your video.Thanks :-)
Thanks a Ton for as usual valuable information on financial terms Sir , I'm one of your Fan follwer .. I want to know one thing , " Is it okay if I preclose any of My Existing Personal Loan in full ... Does it affect positive or Negative impact on my CIBIL .. please kindly illustrate about this to Me ... Many Thanks n Love to you Sir ❤️ . 🙏🙏
Loved the way Sir said, "Hopefully you don't have an FD".🤣🤣🤣🤣
Sir you are a best mantor THANKS to share such valuable information
Sir we really need a video on Indian education system does it really worth it.
Thank you soo much sir for such an informative video love to see u🙂
Very nicely explained. One video for CIBIL related doubts.
great video for those whose interested in take loan very informative.
What better more we can do other than like share and comment.....
Thank You Sir.💌
THANK YOU SIR FOR THIS ONE 🙏
This is what I really need..thank you soo much sir
Sir what happened to your crypto series? Please upload it, you make the topic so easy and understandable. Eagerly waiting for your series.
I am about to take a home loan. Thanks for the video.
Sir, As the stock market is at its overall high at this time. For example, As Nifty 50 is around 15700 plus points is it the right time to invest for long term investments. Please make a video related to this sir......
I can't understand, why schools are not teaching these things. At least colleges can teach this. Such financial education is necessary to survive in this modern world.
Thank you really you are helping in great way about financial knowledge
Thank You SO Much!!
1.5 is too fast.... 1.25 is much better... 😊😊@warikoo
Oh I use 1.75😅
Bhai ka sabun(soap) slow hai
Me who watch this on 2x
@@DevrajSingh-ke5zz jada tez bn raha ho tej bhai
Like for 2x
Excellent Explanation Sir love from Dubai 😍
Commodity market par ek video banaiye 💙💙💯
Sir why you had not monetized your channel ...I mean you had not .....❤️❤️you r really great sir ...hope you will reply ..🙏
Hi Ankur - yearly free CIBIL report is not upto date. it shows very old refreshed data and mandates for subscription. it is also an unfortunate act that this is not handled by government under UMANG or relevant apps rather, has become a money making scheme. Pls share your view on this
Was waiting for the video. Its here❤️
A person who never used a credit card or any loan. If he applies for a credit card or loan, what will be his or her credit score?
Very much good explain, thank you very much.!!
Sir, please make a video on how to build a start-up in tech industry ?
Sir I think 1.25 speed is good for us!
sir you are a best speaker in you tube
Chanakya said Debt / Loan / Udhar jaha dikhe ushse immediately katam kar do. so, beware before taking loan. use it for right purpose not for life fun.
Thanku sir
Please make more video on legal things or anything related to startup- which is a student probably don't know
Please make a video in Children Education features for longterm plan?Atlist 18-20 years? No one can discuss elaborate with that!! Which one is the best for that?
Trading the crypto market is quite complex and needs to be underlined as a high risk investment, when you can properly manage this risks you’ll be able to reduce losses and earn massively.
The crypto market is highly unpredictable so proper technical analytic skills from an expert like Mr Liam Michael would be required to trade the market profitably
K•i•n•d•l•y t•e•x•t *1•2•0•1•3•7•9•4•6•8•7*
W•h•a•t•s•A•p•p
Over the years trading options has globally proven to be highly profitable, but you’ll never know until you take out time to make your research and start investing in it.The crypto market is so liquid it gives you an opportunity to earn massively daily
Please make a video on best credit cards for college students too the ones available against fixed deposits
Hello ankur sir , I need a video on how we can retain the knowledge gained from extra books 📚that we read for self development and for more knowledge like ikigai , think and grow rich etc what you do , do you make notes and if you make it please explain how can we also make it or underline it you revise it , how many times you read any book , how wisely you select your books etc... , hope you read this request 🙏🏻😇
Ankur the truth is there is a lender for everytype of borrower. Credit Score is just a three digit number.
Thanks for covering secured card.
That's a great video ❤️❤️❤️
Sir what is the best trading app for crypto ?
Is coindcx reliable
Should i invest through coindcx ?
I am asking this from you sir because i believe that your advices are the ones on which i can rely on .
Sir plz make a video of financial planning for those who r in their late thirties...basically for those who were not much aware of investing in their twenties.........everyone makes video on investing in twenties bt what about those who have missed it....and investing was not as much as convenient as it is now....and people in rural areas were not aware of financial planning...they only know Fd and LIC.......so sir plz make a video of how to acquire a large amount of money for those who r in their late thirties with 40000/50000 monthly income...
Thank you soooooo much sir😊 very well explained 😊
Nicely explained!! You have missed to mention about soft scrubbing and hard scrubbing done by financial institutions. Number of enquiries also determine the credit score.
Which is the last part - when you apply for too many loans in a short period of time
Well Said!
Sir what about other credit agencies like Crif etc . Scores are different in other credit agencies. Please make a video on this. Bank checks which credit report??
Awesome
I am a student and, i dont have any credit score, because i have no loans or a credit card till date, (only i have 4 bank accounts😅😅) ,can you suggest( make a video or something) ,about what company cedit card or loan can i get easily (paperless/online) , that will help me make a credit score
Its will be good ,if there are no additional or minimum charges with the card
SIR मेरे पास क्रेडिट कार्ड है और में उससे डेली कभी पेट्रोल, कभी रेस्टोरेंट, कभी शॉपिंग कर लेते हैं पर समय पर ही या एडवांस लोन चुका देते हैं तो ऐसी स्थिति में क्रेडिट स्कोर घटेगा या बढ़ेगा ? और क्यों ?
Things which also affect credit score not paying post paid phone Bill if applied with pan. If you cancel your old running credit card score will be affected.