Category: MAM

  • Understanding the Minimum CIBIL Score for a Loan Against Property

    Understanding the Minimum CIBIL Score for a Loan Against Property

    When seeking a loan against property (LAP), lenders consider various factors to determine the applicant’s eligibility. One of the critical criteria is the CIBIL score, a three-digit number reflecting the creditworthiness of an individual. Understanding how lenders determine the required minimum CIBIL score for an LAP can help applicants improve their chances of approval.

    Why is CIBIL Score Important for LAP?

    A loan against property involves significant amounts of money, making it a relatively low-risk product for lenders due to the collateral involved. However, lenders still need assurance that the borrower can repay the loan. The CIBIL score provides a reliable measure of the borrower’s credit behaviour, reducing the lender’s risk.

    Factors Influencing the Minimum CIBIL Score Requirement

    Several factors come into play when lenders decide the minimum CIBIL score for a loan against property:

    Risk Assessment

    Lenders assess the risk associated with lending to a borrower. A higher CIBIL score indicates a lower risk. Generally, a score above 750 is considered good, but this threshold can vary among lenders. Those with higher scores are likely to get loans at better interest rates.

    Lender’s Policy

    Different lenders have varying policies regarding minimum CIBIL scores. Some banks might set the bar at 700, while others might require a score of at least 750. These policies are shaped by the lender’s risk appetite, market conditions, and regulatory guidelines.Type of Property

    The type of property being used as collateral also influences the minimum CIBIL score requirement. Commercial properties might have stricter score requirements compared to residential properties due to the higher perceived risk associated with them.

    Loan Amount

    The amount of loan sought against the property can impact the required CIBIL score. Higher loan amounts typically require a higher CIBIL score as the risk to the lender increases with the loan size.
    Thus, it is important to build your score prior to applying for an LAP. For this, understand the factors that affect it and take measures to improve it.

    Factors Influencing CIBIL Score

    Understanding the factors that influence your CIBIL score can help in improving it. These include:

    Payment History

    Timely repayment of past loans and credit card dues positively impacts the CIBIL score. Defaults and late payments can significantly lower your score.

    Credit Utilisation Ratio

    This ratio is the percentage of credit used out of the total credit limit available. A high utilisation ratio suggests over-dependence on credit, negatively affecting the score. Keeping this ratio below 30% is advisable.

    Length of Credit History

    A longer credit history provides a better picture of the borrower’s credit behavior, thus influencing the score positively. Consistent and timely repayments over a long period improve the score.

    Types of Credit

    A mix of secured (like home loans) and unsecured loans (like credit cards) can positively affect the score, showing the borrower can handle different types of credit responsibly.

    Credit Inquiries

    Frequent applications for loans or credit cards result in multiple inquiries on your credit report, which can lower the score. Limiting such inquiries can help maintain a good score.

    Improving Your CIBIL Score

    If your CIBIL score is below the required threshold, there are several steps you can take to improve it:

    Timely Payments

    Ensure all loan EMIs and credit card bills are paid on time. Setting up payment reminders or auto-debit can help in this regard.

    Reduce Outstanding Debt

    Pay off existing debts to lower your credit utilisation ratio. This can quickly boost your score.

    Limit New Credit Applications

    Avoid applying for multiple credit products in a short period. Each application can slightly lower your score due to hard inquiries by lenders.

    Monitor Your Credit Report

    Regularly check your credit report for errors and get them rectified promptly. Even small mistakes can impact your score negatively.Maintain a Healthy Credit Mix

    Try to have a balanced mix of secured and unsecured loans. This demonstrates your ability to handle different types of credit.

    Understanding how lenders determine the required minimum CIBIL score for a loan against property is essential for prospective borrowers. By maintaining a good credit score, you increase your chances of loan approval and can potentially secure better interest rates. monitoring your credit behaviour and taking steps to improve your CIBIL score can make the process of getting a loan against property smoother and more advantageous.

  • Jeep India supports Tennis Premier League Season 6 as an official drive partner

    Jeep India supports Tennis Premier League Season 6 as an official drive partner

    MUMBAI: They have got together for a drive in the front seat. The Tennis Premier League (TPL) and automobile brand Jeep have announced an association for the tournament’s sixth season which is to commence from 3 December and end on 8 December at the e Cricket Club of India in Mumbai.

    This collaboration brings a fresh category partnership with Jeep as the official drive partner. The brand prides itself upon excellence in tough conditions, perfectly aligning with the existing values of the players and the league. The partnership aims to enable the growth and development of tennis in the country, keeping the long-term vision achievements of these goals in mind.

    Jeep India brand director Kumar Priyesh stated, “At Jeep, we’ve always believed in going beyond limits and enabling people to achieve the extraordinary. Partnering with the TPL allows us to support a platform that aligns with our values. We are proud to be part of this journey and look forward to a long-term partnership that will help propel Indian tennis to greater heights.”

    TPL  co-founder Kunal Thakkur said, “We are thrilled to welcome Jeep into the TPL family as our official drive partner for the upcoming season. Their reputation for resilience and performance mirrors the values we champion. This partnership strengthens our commitment to together nurturing a world-class platform for tennis in India.”

    Tennis Premier League co-founder Mrunal Jain further added, “This association with Jeep is a significant boost for TPL, reflecting the growing stature of the league. Jeep’s support not only brings global credibility but also adds immense value to the ecosystem we are building for tennis in India. We are confident this partnership will be fruitful in developing pathways for not only tennis but also for tennis players in the country.”

  • 1MG Lido Mall to host the tenth edition of Fashionable1

    1MG Lido Mall to host the tenth edition of Fashionable1

    Mumbai: 1MG Lido Mall Bangalore is poised to captivate the fashion elite of Bengaluru with its highly anticipated annual event, Fashionable1, scheduled for 29 to 30 November 2024. This year marks the 10th season of the event, showcasing the continued evolution of one of the city’s premier luxury fashion celebrations. Renowned Bollywood designer Ramesh Dembla will present an exquisite collection that embodies innovation and artistry. The runway will feature the latest offerings from high-end in-mall brands such as Marks & Spencer, GAP, Azorte, HiDesign, Aldo, and Da Milano, setting the stage for a showcase of contemporary trends that resonate with style connoisseurs.

    Fashionable1 will also host a captivating runway show featuring 30 top models, culminating in a spectacular grand finale graced by Raai Laxmi, the acclaimed actress known for her impeccable style and magnetic presence. Her presence promises to elevate the experience, infusing it with an extraordinary level of glamour. Following the show, an exclusive gala dinner and cocktail reception will celebrate the fusion of style and creativity, making this event an unmissable highlight on the fashion calendar for the city.

    1MG Lido Mall chief executive officer Suman Lahiri said, “Fashionable1, now in its 10th season, represents our enduring commitment to curating exceptional lifestyle and fashion experiences. Over the years, we have proudly partnered with celebrated names in the fashion industry and showcased the finest collections from our premium in-house brands. This milestone event exemplifies our dedication to offering world-class shopping, making 1MG Lido Mall Bengaluru’s ultimate destination for luxury, style, and unforgettable moments.”

    This year’s Fashionable1 aims to shine a spotlight on the latest collections from leading brands, blending their unique styles with Dembla’s creative vision. By hosting this high-profile event, 1MG Lido Mall continues to establish itself as a hub of fashion-forward experiences, offering its patrons more than just shopping—it’s a destination for lifestyle and culture.

    1MG Lido Mall general manager Roby Varghese added, “1MG Lido Mall is home to some of the most coveted brands, and through events like Fashionable1, we showcase the exceptional offerings available under one roof. This event is a testament to our vision of blending global trends with local aspirations, creating an unforgettable experience for our patrons.”

    Adding to the excitement, 1MG Lido Mall will launch a special Black Friday Sale across all outlets starting December 1, 2024, offering shoppers exclusive deals and discounts.

    1MG Lido Mall continues to position itself as a leader in delivering high-end fashion and lifestyle experiences, cementing its status as Bengaluru’s premier destination for style, culture, gourmet F&B, and event experiences.

  • G-Shock and Almost Gods partner to launch limited edition exclusive watch

    G-Shock and Almost Gods partner to launch limited edition exclusive watch

    Mumbai: This should not shock you at all.  G-Shock, known for its tough watchmaking, has partnered with Almost Gods, the avant-garde Indian luxury fashion brand known for its mythological and historical design inspirations. This collaboration marks G-Shock’s first-ever product partnership in India, resulting in the launch of the exclusive Almost Gods X G-Shock GA-2100AG24-1A1 timepiece. Limited to just 250 pieces, this watch is set to become a coveted collector’s item.

    Drawing inspiration from the untamed forces of nature and the timeless tales of mythology, this limited-edition watch encapsulates the duality of existence—creation through destruction. The design, reminiscent of a volcanic eruption’s raw energy, merges Almost Gods’ bold narrative style with G-Shock’s iconic octagonal GA-2100 structure, capturing a singular moment of immense power. 

    With a minimalist design that pays homage to the original G-Shock, the GA-2100 exemplifies functional beauty. Its design not only reflects the ferocity of nature but also embodies G-Shock’s unwavering “never give up” spirit, a cornerstone of the brand’s legacy. This striking narrative, interwoven in both form and function, celebrates inner strength, resilience, and the unstoppable force of transformation.

    G-Shock and Almost Gods have both been at the forefront of cultural innovation, continually challenging conventions through iconic designs. This collaboration channels their shared ethos into a limited-edition timepiece that embodies an unprecedented moment of creativity, strength, and unity, designed to inspire the next generation of dreamers and disruptors.

    Casio India managing director Hideki Imai expressed enthusiasm about the partnership, stating, “We are thrilled to launch our first India-centric partnership with Almost Gods, a brand that reimagines global symbols of power through its bold, mythology-inspired artistry. This collaboration celebrates G-Shock’s legendary toughness and Almost Gods’ distinctive design ethos, blending the awe-inspiring energy of nature with cutting-edge craftsmanship. This partnership stands as a testament to G-Shock’s growing commitment to the Indian market, partnering with homegrown fashion brands that speak to the aspirations and creativity of the new generation.”

    Almost Gods creative director Dhruv Khurana added, “The Almost Gods X G-Shock collaboration marks a pivotal moment for our brand as we step onto the global stage and connect with a broader, more diverse audience. From our initial discussions, the synergy between Almost Gods and G-Shock was unmistakable. There’s an organic connection at the core of our philosophies—both brands are rooted in strength, resilience, and the power of individuality. With this collaboration, we set out to create something meaningful—something that embodies the energy and dynamism of our audience. G-Shock, with its unparalleled legacy and robust personality, was the ideal partner to bring this vision to life. This timepiece is more than a watch; it’s a testament to the power of collaboration and the shared spirit of two bold brands.”

    The launch event took place at Almost Gods’ flagship store in Dhan Mill Compound, Chhatarpur, New Delhi, and it was an electrifying celebration of India’s vibrant cultural landscape. The venue buzzed with excitement as street wear enthusiasts, watch collectors, fashion aficionados, and sub-culture communities united to celebrate this collaboration. A stunning life-size installation of the Almost Gods x G-Shock timepiece took centre stage, serving as a captivating backdrop for memorable photos and engaging conversations. Guests were drawn in by immersive design displays that showcased the collaboration’s bold narrative, intertwining mythology, resilience, and cutting-edge artistry. 

    With over 250 attendees, including influencers, collectors, and media professionals from the realms of fashion, horology, and technology, the event was not just a product unveiling; it was a sensory experience that celebrated creativity, innovation, and the indomitable spirit of collaboration.

    Presented in exclusive packaging that reflects the shared ethos of both brands, each timepiece comes with a certificate of authenticity, distinguishing it as one of the limited 250 pieces, along with a unique sticker.

    This collaboration transcends traditional product design; it invites fashion enthusiasts, watch collectors, and cultural connoisseurs to immerse themselves in a moment where style, innovation, and storytelling converge. Priced at Rs 12,995, the limited-edition timepiece generated an overwhelming response during its early access phase. Available for pre-booking online 24 hours ahead of the launch, the collection sold out entirely, marking an unprecedented success for both brands.

  • Clear Premium Water continues its association with Tennis Premier League Season 6

    Clear Premium Water continues its association with Tennis Premier League Season 6

    Mumbai: Clear Premium Water again takes centre stage as the powered-by sponsor for the Tennis Premier League (TPL) Season 6, a celebration of talent, competition, and the spirit of tennis. The much-awaited main matches will unfold from  3 to 8 December 2024, at the iconic Cricket Club of India in Mumbai.

    It marks the second collaboration between Clear Premium Water and TPL, reinforcing their shared vision of elevating tennis as a premier sport across India. The season’s journey began with a star-studded players’ auction on  25 September 2024, at Sahara Star, Mumbai. Celebrities, athletes, and sports enthusiasts converged to set the tone for an exhilarating competition.

    Clear Premium Water founder & CEO Nayan Shah expressed, “Our continued association with the Tennis Premier League for Season 6 marks not just a partnership, but a celebration of resilience and ambition. At Clear Premium Water, we champion the pursuit of excellence, and tennis mirrors this spirit with its blend of discipline and dynamism. I firmly believe that together, we are driving the transformation of tennis into a premier sport of choice while significantly amplifying its reach and fostering a deeper appreciation for the game.”

    The sixth season promises unforgettable tennis moments, featuring eight dynamic teams: Bengal Wizards, Bengaluru SG Pipers, Punjab Patriots, Hyderabad Strikers, Gujarat Panthers, Yash Mumbai Eagles, Shrachi Delhi Rarh Tigers, and Chennai Smashers. Legendary ambassadors such as Leander Paes, Sania Mirza, Sonali Bendre, Taapsee Pannu, Rakul Preet Singh, and Mahesh Bhupathi bring star power and inspiration to the league.

    Tennis Premier League co-founder Mrunal Jain said, “We are thrilled to have Clear Premium Water as our powered-by sponsor for the third consecutive season. Their unwavering support has played a pivotal role in elevating the Tennis Premier League, and we’re excited to build on this successful collaboration. With Clear’s commitment to excellence and our shared vision for growing tennis in India, we’re confident that Season 6 will be the most exciting and impactful yet.”

    This year’s lineup boasts an impressive roster of tennis stars, including Indian legends Rohan Bopanna and Sumit Nagal, alongside global talent like US Open Doubles Champion Max Purcell, Hugo Gaston from France, and Elina Avanesyan from Armenia. Their pursuit of the coveted championship title is set to deliver edge-of-the-seat action for tennis enthusiasts.

    This December, the Tennis Premier League Season 6, powered by Clear Premium Water, promises to blend sportsmanship, entertainment, and community impact, making it a landmark event in India’s sporting calendar.

  • Pocket FM joins Zepto-Shaadi.com var-vadhu bromance with dash of humor

    Pocket FM joins Zepto-Shaadi.com var-vadhu bromance with dash of humor

    Mumbai: Audio entertainment leader Pocket FM has entered the viral saga of Zepto and Shaadi.com with its own storytelling flair, delivering a clever and hard-hitting carousel post. Adding humor to its impressive milestones, Pocket FM shows it can deliver drama, playfulness, and entertainment.

    In its viral LinkedIn post, Pocket FM seamlessly blends wit and achievements, showcasing its milestones, including global expansion and 75,000 audio series available in under 10 seconds. 

    Pocket FM VP of brand marketing & communications Vineet Singh remarked, “We couldn’t resist jumping into the fun! We couldn’t just watch from the sidelines when storytelling is our forte! This post is our way of saying—whether it’s drama, growth, or humor, Pocket FM always delivers. And let’s be honest, if there’s a trend with deliveries involved, who better to join the party than the ones delivering 75,000 plus  stories faster than your next grocery bag?”

    Adding to the Zepto-Shaadi.com bromance, Pocket FM crafted an entertaining var-vadhu twist on Instagram. While Zepto promised a Manyavar outfit in 10 minutes and Shaadi.com admitted that finding the var-vadhu takes longer, Pocket FM delivered its punchline:  “Why wait? We deliver the var-vadhu’s audio series in less than 10 seconds!”

    Hmm! Didn’t Dangal Play take the same tack? Who came first? 

    Pocket FM can argue it out with Dangal; we will just write about both!

     

     

  • Zepto partners with Park+ to deliver premium car care products in ten minutes

    Zepto partners with Park+ to deliver premium car care products in ten minutes

    Mumbai: Zepto a growing consumer internet brand renowned for its quick delivery promise, has joined hands with Park+, a one-stop shop for all car care products, to offer 15 Park+ car care products at 8+ locations, across India.  This pioneering initiative is geared to unlock experiences for car owners who are seeking high-quality products, such as cleaning kits, comfort accessories, and maintenance tools.

    With 5 Cr+ private cars running on Indian roads, the demand for premium car care products has grown substantially. With the advent of quick e-comm, Indian car owners expect better accessibility and delivery for such products. Zepto & Park+ are working in tandem to offer car care products, which are both accessible and affordable.

    Park+ range of car care products include:

    ●    Under Rs 200: Car Shampoo, Glass cleaner, Scratch remover, Dustbin

    ●    Under Rs 500: Travel Neck Pillow, Hanging Tissue Box, Microfiber Cloths

    ●    Under Rs 1000: Car cleaning Kit, 3 in 1 cushion

    ●    Under Rs 2000: Long back rest, Tail bone cushion

    Commenting on the partnership Park+  founder & CEO  Amit Lakhotia said “At Park+, our mission is to simplify the car ownership experience by offering innovative and user-friendly solutions. Partnering with Zepto is a major step forward, enabling us to bring a curated selection of 15 premium car care products to a wider audience. Car owners no longer need to visit multiple stores or struggle to find high-quality car care products. They can now access everything they need for vehicle maintenance in one place, delivered right at their doorstep. We aim to expand our car care product offerings on Zepto to around 150+ Products in the next three months.”

    Zepto chief brand officer Chandan Mendiratta said, “We are thrilled to collaborate with Park+ to bring high-quality car care products directly to users’ doorsteps. Speed and convenience are at the core of Zepto, and this partnership allows us to expand our product offerings to include essential car care items. We thank our sellers for enabling this. With Park+ products available through the platform, users can now enjoy easy access to these items with the speed and reliability Zepto is known for, enhancing their overall shopping experience.”

    The addition of Park+ products on Zepto highlights the company’s dedication to providing a broad selection of everyday essentials with unparalleled convenience and speed. Car owners in Zepto’s service areas can now easily access premium car care items, delivered swiftly and seamlessly right to their doorstep.

  • Uber launches UberOne to make ridesharing easier

    Uber launches UberOne to make ridesharing easier

    MUMBAI: : How many times have you been left stranded  waiting for another Uber driver to accept your request after the first has said yes and then cancelled at the last minute? 

    Almost all of us have fallen victim to this behaviour with Uber drivers at the end of a long day when we have wanted to get home after a tiring day at work or a long haul flight. 

    Well  Uber has heard travelers’ painful complaints and launched UberOne, its first membership program in India. Its intent: bring unprecedented savings and exclusive benefits to millions of riders across the country. Uber’s global membership program offers discounts and exclusive experiences for rides, helping members navigate everyday life more easily. 

    Passengers can pick up one of two membership plans: Rs  149 per month or Rs 1499 annually. Uber will also offer exciting launch period discounts on the monthly plan. With UberOne, members can access exclusive savings and benefits, making it a smart choice for riders. Members can enjoy up to 10% UberOne credits on each ride, resulting in significant savings and valuable perks. 

    As a first-of-its-kind program in the Indian ridesharing market, UberOne reflects Uber’s commitment to understanding local preferences, ensuring that its tailored offerings cater to the needs of its riders in India.
     Now here comes the clincher: preferential access to the highest-rated drivers. By prioritizing quality and reliability, members can expect an elevated experience every time they ride with Uber, ensuring their safety and convenience. Additionally, UberOne provides premium, round-the-clock customer support exclusively for members. This dedicated support team ensures quick and efficient resolutions to any issues, enhancing the overall experience for riders.

    “Mobility is essential and affordability is paramount and with the launch of Uber One, we’re excited to bring a unique membership experience to our riders in India,” says Uber India &  south Asia president Prabhjeet Singh. ” We understand the importance of value and convenience in everyday travel, and we’re committed to delivering a program that offers just that. Uber One is designed to enhance our riders’ experience and make every journey even more rewarding.”

    The membership program is available across all Uber ride options, including UberGo, Premier, XL, Reserve, Auto, Moto, Intercity, Rental, Shuttle and Package – making it accessible for a wide range of travel preferences. Uber users can sign up directly from the latest version of the Uber app, gaining immediate access to the benefits.
     

  • The Body Shop launches campaign for The India Edit

    The Body Shop launches campaign for The India Edit

    Mumbai: The Body Shop, an ethical and sustainable beauty, has launched a striking new campaign to celebrate The India Edit, its first-ever India-inspired collection. Anchored by the tagline “Only in India, for You,” the campaign is a heartfelt tribute to Indian youth, cultural richness, and the beauty of inclusivity.

    The campaign’s centrepiece is a visually captivating video that uses a lateral sliding frame structure. This unique storytelling approach takes viewers on a visual journey through the richness of Indian beauty, individuality, and self-expression. The video artfully integrates The India Edit’s four curated collections—Lotus, Hibiscus, Pomegranate, and Black Grape—each inspired by traditional Indian ingredients and crafted in line with The Body Shop’s ethical values.

    What’s more, the brand’s commitment to inclusivity shines through the cast, which features models from diverse backgrounds and identities. Together, they embody the multifaceted beauty of India, celebrating the idea that beauty is as unique and varied as the country itself.

    Adding to the visual splendour is a custom-designed artistic backdrop by an illustrator. Bursting with vibrant colours and intricate patterns, the backdrop draws inspiration from India’s cultural heritage, bringing each scene to life and amplifying the bold, unapologetically Indian spirit of The India Edit.  

    The campaign has been rolled out across a range of platforms, from in-store displays to social media and digital channels.

    The Body Shop has always been synonymous with ethical beauty, and this collection is no different. With IFRA-certified fragrances and a focus on India’s unique natural treasures, The India Edit exemplifies the brand’s dedication to ethical and thoughtful beauty.