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Banks have a lot of aspects and trust me you cannot learn everything about their policies even in a year. Everytime I visit a bank I get to know new things. I had no idea about what is DPD in banking until last week I heard two men talking about it in the bank. Let me tell you what it is in detail here.
Get smooth and easy loan sanctioned at a low interest rate by availing NoBroker Home Loans What is the full form of DPD?DPD is the abbreviation of Days Past Due.
DPD shows the number of days by which one has missed an EMI or credit card payment is calculated. If one has made all the payments timely, his or her DPD will be mentioned as 0. It also shows how many instalments you have missed and also your credit card repayment history so it is very essential to know about these details.
DPD in CIBIL is like a snapshot of the borrower’s financial habits. It shows the exact number of days for which an individual has not paid the due EMI. The higher a DOD is, the lesser the creditworthiness will be
Lenders can sanction your loan even if you have a lower credit score but a DPD value of 000 throughout is necessary.
This is all I got to know about DBP in banking.
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Kajal
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August 10, 2022
2022-08-10T09:56:55+00:00 2022-08-10T09:56:56+00:00Comment
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Banking
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