What does it mean? There are times when an individual may want to dispute a transaction they have made. If it is successful, then the amount that is reverted back to the payment account is called a chargeback. It is a refund processed to the cardholder from which the disputed transaction was made. Chargebacks can […]

Cibil Score

CIBIL Score is a three-digit numeric summary of your credit history. The score is derived using the credit history found in the CIBIL Report (also known as CIR i.e Credit Information Report). A CIR is an individual’s credit payment history across loan types and credit institutions over a period of time. A CIR does not […]


What does it mean? A co-signer is an individual who cooperatively signs the loan with the borrower and becomes the secondary repayment source.  The co-signers facilitate the borrower in obtaining loans that they may not have been able to qualify for. Borrowers can negotiate for receiving a greater principal amount if they have individuals who […]


Collateral is an item of value an individual possesses like jewellery or real estate which can be accepted by the lender as security for provisioning of loans. These are termed as security since these can be used by the lender to recover the money lent as loan.  In case of a default in payment by […]

Credit line vs credit limit

A credit line or line of credit is a predefined limit up to which a customer can borrow from a financial institution. The money up till the credit line can be borrowed and repaid at any point in time. The line of credit can be secured by staking collateral or unsecured. Unsecured credit lines tend […]