Credgenics

𝟯𝟬% 𝗼𝗳 𝗜𝗻𝗱𝗶𝗮𝗻𝘀 𝗳𝗮𝗰𝗲 𝗹𝗼𝗮𝗻 𝗼𝗿 𝗰𝗿𝗲𝗱𝗶𝘁 𝗰𝗮𝗿𝗱 𝗿𝗲𝗷𝗲𝗰𝘁𝗶𝗼𝗻 𝘄𝗶𝘁𝗵𝗼𝘂𝘁 𝗸𝗻𝗼𝘄𝗶𝗻𝗴 𝘄𝗵𝘆. 𝗧𝗵𝗲 𝗻𝗲𝘅𝘁 𝗽𝗿𝗶𝗼𝗿𝗶𝘁𝘆? 𝗖𝗿𝗲𝗱𝗶𝘁 𝗰𝗹𝗮𝗿𝗶𝘁𝘆 𝗮𝘁 𝘀𝗰𝗮𝗹𝗲.

In a recent Business Today article, Anand Agrawal, Co-founder & CPTO, Credgenics, highlights India’s emerging “credit paradox”, where digital lending is expanding rapidly, but many borrowers still face rejection without a clear explanation.

As credit products become more accessible through apps, BNPL platforms, and fintech-led journeys, the larger challenge is no longer access alone. It is awareness, interpretation, and guidance. The article notes that nearly 30% of Indians have faced loan or credit card rejection without understanding the reason, while 45% have either never checked their credit score or are unsure whether they have done so.

This gap can have real financial consequences. Borrowers may not know which repayment patterns, credit utilisation levels, account history, or enquiry behaviour are affecting their eligibility. For lenders and the broader financial ecosystem, this reinforces the need for more transparent, explainable, and borrower-centric credit journeys.

As Anand explains, “AI-powered credit advisory doesn't just give a three-digit score; it assesses the entire financial history and the story behind it.”

Because the future of lending will not be defined by faster approvals alone, it will be defined by how clearly borrowers understand the path to better credit access.

📌 Read more - https://www.businesstoday.in/personal-finance/banking/story/30-indians-face-loan-rejection-without-knowing-why-can-ai-solve-this-credit-awareness-gap-531823-2026-05-17

𝗔 𝘀𝗲𝘁𝘁𝗹𝗲𝗱 𝗹𝗼𝗮𝗻 𝗺𝗮𝘆 𝗰𝗹𝗼𝘀𝗲 𝗮𝗻 𝗮𝗰𝗰𝗼𝘂𝗻𝘁. 𝗕𝘂𝘁 𝗶𝘁 𝗰𝗮𝗻 𝗸𝗲𝗲𝗽 𝗳𝘂𝘁𝘂𝗿𝗲 𝗰𝗿𝗲𝗱𝗶𝘁 𝗱𝗼𝗼𝗿𝘀 𝗵𝗮𝗹𝗳-𝗼𝗽𝗲𝗻.

In a recent Mint article, Rishabh Goel, Co-Founder & CEO, Credgenics, explains why borrowers must understand the critical difference between a “settled” loan and a “closed” loan.

A closed loan reflects full repayment as agreed. A settled loan, however, signals that only a negotiated portion of the outstanding amount was paid after missed payments or default. While settlement may offer immediate relief, it can continue to impact creditworthiness, future loan approvals, credit card applications, and even the interest rates offered by lenders.

In today’s credit-driven financial ecosystem, every account status matters. Credit access is not shaped by repayment alone, but by how accurately repayment behaviour is reported, understood, and acted upon. For lenders, this reinforces the need for transparent borrower communication, responsible collections, and clear resolution journeys that help customers make informed financial decisions.

As Rishabh highlights, “Many borrowers assume a ‘settled’ loan and a ‘closed’ loan mean the same thing, but credit bureaus treat them very differently.”

📌 Read more - https://www.livemint.com/money/personal-finance/how-a-settled-loan-tag-on-your-credit-report-can-reduce-creditworthiness-and-affect-future-loan-approvals-11778782568664.html