Upwards Social Score
Having good social score is important when applying for a loan with Upwards. If you are new to credit or have a low credit score, then it is significant you know about this unconventional credit rating system that can have a huge impact on your loan application. The score is generated on a real-time basis and enables you to let you know the status of your application instantly!
What is Social Score?
As the name suggests, social score is a score generated by determining an individual’s social behaviour. Traditional banks and NBFCs usually consider credit score to measure a loan seeker’s repayment capability. However, with digital advancement, we at Upwards leverage the power of big data and artificial intelligence to determine an individual’s loan eligibility..
Unlike conventional lenders, we at Upwards rely heavily on an individual’s social activity on platforms such as Facebook, Twitter, LinkedIn and others to determine his creditworthiness. Additionally, an individual’s mobile number, education, financial history is also considered when calculating the score.