00:00You've seen a dream, a new house, a car, or your own business, or your own business.
00:06You may have a house, a car, or a phone, or a phone.
00:09Our all things depend on the loan on your own.
00:12But you can also decide that your dream is full of your dream, and that is your Sybil score.
00:21But now the picture is changed, because if you have a first loan on your own,
00:25then the Sybil score will not reject you.
00:28But how is it possible?
00:31How is it possible?
00:33And why is it a game changer?
00:36Let's know the details.
00:38In the case of the Finance Minister, if there is no credit history,
00:44then it will not be just this reason for his loan application.
00:49So if you are a first-time borrower,
00:51then the Sybil score will not become your absence.
00:55Here is an important point that the Reserve Bank of India,
00:58has no minimum Sybil score fixed.
01:01Banks and financial institutions score will only be used to use your own input.
01:07But the final decision will be your income, job, or business stability,
01:11and other financial behavior will also be fixed.
01:13So if you think about it, you will not be able to receive your loan,
01:18but the truth is that TransUnion, Sybil, Equifax, Experian, and CRIF,
01:26High Marks companies are just credit information companies.
01:29These are just your loan and repayment data collect and bank report.
01:34Bank report gives you a bank.
01:35Bank is report to a tool to use it, risk access to it,
01:39but the final decision will only only depend on the report.
01:43This is why, when the Parliament asked to ask if the government is a new system,
01:48which will be replaced, then the answer will not be able to replace it.
01:51No.
01:52Budget 2023 when the National Financial Information Registry,
01:56or NFIR, announced was announced,
01:58but its work is only a big data repository to make it.
02:01This will not be able to replace it, but banks will be accurate and transparent information,
02:08so that the loan decisions will be fair.
02:10This will not be able to replace it.
02:11The most important thing is that the credit report will not be able to get a free credit report in the year.
02:15RBI has made a rule that no credit bureau will not be able to charge its report to its report.
02:22The most important thing is that you need to get a free credit report in the year,
02:28which will be the full score and loan history.
02:31This will be the full step for financial inclusion.
02:33For the first time loan, whether they are students or students who want to take education loan,
02:39or a job person who is the first person who is the first person who is the first person,
02:42or a job person who is a first person who is the first person who is the first person,
02:43or an entrepreneur who is the first person who is the first person who is the first person,
02:45who wants to start a business,
02:46all the business start to start a business.
02:47Sabka ڈر یہی ہوتا ہے,
02:48कि score नहीं है,
02:49तो bank application क्यों accept करेगा?
02:51अब ये डर दूर किया जा रहा है?
02:53Sरकार चाहती है कि banking system हर उस citizen के लिए open रहे,
02:57जो financially capable है.
02:58इसी वज़े से civil score अब सिर्फ एक signal रहेगा,
03:01final decision नहीं,
03:03और first time borrowers अब खुद को बराबरी की line में खड़ा कर पाएंगे.
03:07तो आपको क्या लगता है कि सिर्फ civil score पर loan decide होना सही है?
03:11हमें अपनी राय comment box में दें,
03:13और ऐसे ही updates के लिए keep watching and subscribe good returns.
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