A Credit score is a 3-digit number representing the creditworthiness of an individual. It ranges between 300-900, with 900 being the highest possible score

A credit score can be maintained/improved by making clearing EMI and credit card dues on time. The borrower should not have any pending loan/credit card payments and avoid taking too much debt at one time.

A score of -1 indicates no credit history in last few years. And a score of 0 indicates that your credit history is available only up to 6 months.

Yes, there will be a credit report inquiry made whenever the loan is processed. This inquiry will only be made after his/she submits the loan application.

If the borrower delays the EMI then he/she is liable to pay late charges which are agreed to and specified in the loan agreement. Also it might affect your credit score, so its advisable that you pay your EMI on time.

It is generally advisable to have a Credit/Bureau score of 700 or above to qualify for a loan.

After closure of the loan, the credit records will get updated within one month. In case its not updated or if there is any discrepancy, please write to us at wecare@singularitycredit.com mentioning the Loan account number or registered mobile number