Creditworthiness
Check Your Credit Score
Credit Score
Understanding Credit Score
Credit score is a numerical representation of your creditworthiness. It is a three-digit numerical value ranging between 300 and 900. The four major factors that influence Credit score are - credit mix, repayment history, new debt, and credit utilisation ratio. When applying for a loan from Poonawalla Fincorp, your Credit score is one of the major factors that influence the lending decision. Maintain a healthy credit score of 750 and above to experience seamless loan application.
Benefits of a Good Credit Score
Monthly Claims
$48,560,25
+
0
%
Credit Score Indicates
Creditworthiness
A borrower with a high Credit score is likely to get quick loan approval compared to one with a low Credit score. A high Credit score will help build trust when it comes to loan repayment. This ensures that you receive attractive interest rates and other benefits.
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Loan or Credit Approval
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Attractive Interest Rate
Frequently Asked Questions
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01.
What documents are required for GST registration?
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You need PAN card, Aadhaar card, proof of business address, bank account details, and photographs to successfully apply for GST registration.
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02.
Can I convert my sole proprietorship to a private limited company?
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Yes, conversion is possible through a proper agreement, asset transfer, and filing of necessary forms with the Registrar of Companies for seamless business continuity.
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03.
What is the difference between LLP and Partnership Firm?
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LLP offers limited liability protection to partners, separate legal status, and more regulatory requirements, while a partnership firm provides unlimited liability and fewer compliances.
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04.
Is it mandatory to file income tax returns for all registered companies?
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Yes, every registered company in India, whether operational or not, must file income tax returns annually as per the Income Tax Act.
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05.
Can I have foreign directors in my company?
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Yes, Indian companies can appoint foreign directors, but they must obtain a Director Identification Number (DIN) and fulfill other regulatory conditions.
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06.
What is DSC and why is it required for company registration?
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Digital Signature Certificate (DSC) is required to sign electronic documents securely during the online company registration and filing processes.
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07.
What is the role of the MCA portal in company compliance?
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The MCA portal is used for all company-related filings, document submissions, obtaining approvals, and staying compliant with corporate laws in India.
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08.
What are the annual compliances for a Private Limited Company?
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Annual compliances include filing of annual returns, financial statements, holding board meetings, conducting AGMs, and timely submission of tax returns and audit reports.
