Credit score checks are a mandatory step when borrowers apply for an unsecured loan, such as a personal loan. Whether they apply on the personal loan app or offline at the bank, this step is part of the evaluation process to ensure that the applicant can service the loan and is likely to repay … Read more
Whether one applies for a loan on a personal loan app or in person through a bank, all financial institutions consider credit scores when assessing eligibility. The OneScore credit score and loan app helps borrowers track scores, analyse their credit reports and get personalised insights to boost their creditworthiness. This enables users to secure … Read more
Before approving a loan, lenders assess an applicant’s creditworthiness, whether the loan is for purchasing a home, for personal use or for business needs. With the rising popularity of digital lending, getting a loan has become easier. A good credit score goes a long way to help applicants access funds using an instant loan … Read more
A low credit score is a common reason for the rejection of loan applications or unfavourable terms. A poor score indicates a higher level of risk for the lending bank or NBFC, making it more difficult for borrowers to secure the desired loan amounts, quick approval, or even the most competitive interest rates. … Read more
With a quick loan app, borrowers can easily secure a collateral-free loan via their mobile phone anytime, anywhere. One such platform is the OneScore app, which gives its users complete transparency all through the borrowing process, starting from credit checks to applying for a loan. Here is a guide on each step of the … Read more
The journey to applying for a personal loan online can be streamlined when consumers are pre-approved. This signifies that lenders have already checked and greenlit their eligibility, which speeds up the process of getting funds when consumers are ready to apply. That’s exactly how OneScore, the credit score and personal loan app, empowers users … Read more
Identity theft and fraudulent loan apps are becoming more common with the rise of digital lending. In fact, more than 2,200 loan apps were removed or suspended from the Play Store between September 2022 and August 2023. In the same vein, more than 45% of Indians are said to have encountered identity theft. … Read more