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Showing posts from September, 2010

Your next loan could be denied because of your CIBIL report!

So I happened to apply for a car loan at SBI. I was anticipating that a usual home verification would happen and later on the loan would be sanctioned. I was pretty right in my assumptions except that I did not anticipate that the officer who would verify my credentials would come armed with a CIBIL report. The report she showed me was nothing less than astounding. She pointed out to me on what all loans I had taken since 1999 for a whole period of ten years. My bike loan, esrtwhile car loans, personal loans, credit card spends – everything was in that report neatly outlined. Courtesy CIBIL. CIBIL is the credit information bureau Inida limited, a company that helps money lenders understand their credit worthiness of their borrowers. Every time you go for a new loan or credit card spend in huge amounts, these details are at regular intervals shared by the lenders (banks) to CIBIL. So in essence there is a history maintained with CIBIL on a regular basis on the new loan(s) you have take…

Ford Figo 1.4 Titanium Diesel review

Today I happened to test drive the FORD FIGO TITATNIUM DIESEL. Initially I thought i would take the car only for a short distance, but then I decided to try this baby out on a rather empty stretch of almost a 10 to 20kms highway. This was the Electronics city toll elevated highway. Person from Ford with whom i interacted with for the fiesta promised yesterday that he would be here in my home at 10AM and he appeared about 15 mins late. (source: http://www.theautomotiveindia.com)I jumped into the car and without wasting time shot off on my drive. From here on some crisp points about the drive itself. Just to give you a background, I ve owned 2 800s, one palio petrol 1.2, one swift diesel 1.3 and one honda city 1.5 iVTEC. Also test driven the punto 1.4p, 1.3d, manza 1.4p and 1.3d, linea 1.4p and 1.3d. Also test driven 1.3 swift Dzire ZDI and fiesta 1.6S petrol. Today was the figo's turn after all this. Seating position is spot on with ample room in the footwell. While the absence of …

Is Uninor heading for a disaster?

The TOI reported a couple of days back that the Telenor group is considering quitting India for good. This only means a death knell for a rather successful telco - Uninor which is a joint venture between Unitech and Telenor groups who are into real estate and telecom respectively in India and Norway. The rate at which Uninor has been handing over discounts on prepaid minutes and showing no interest in launching postpaid services, this possibility only looks more realistic than impossible.If this happens this will be one of the historic failures of a telco in India who is just upcoming showing lots of promise. But however this will not be the end of Unitech's telco jaunt. All Telenor have to do is to sell their stakes to the likes of Bharti or Vodafone or perhaps IDEA telecom and exit the country. Whatever happens would be an easy buy for these other companies, but not so sweet for the consumers who are using these services. With Uninor also not getting 3G service spectrum, things …