Does taking Jupiter Mini loans affect Credit score?

[sparkit]

Hi guys,
I have took Jupiter Mini loans three times which offers 0% interest with 2-3% processing fee! . We have to pay the loan within a month.
It reports to Cibil only after the loan is closed, we can see it as a closed account.
Now I have around 3 closed accounts from Jupiter itself as amicafin. Will the increasing number of closed accounts affect us in any future cards or loans?

 

[Vasuki]

Hi guys,
I have took Jupiter Mini loans three times which offers 0% interest with 2-3% processing fee! . We have to pay the loan within a month.
It reports to Cibil only after the loan is closed, we can see it as a closed account.
Now I have around 3 closed accounts from Jupiter itself as amicafin. Will the increasing number of closed accounts affect us in any future cards or loans?

Depends on how neededy are you
If u need it every month better grab proper loan
If u require for few months ..
Rotate your cc ..
Why to add loan to cibil every month

 

[Indian]

Hi guys,
I have took Jupiter Mini loans three times which offers 0% interest with 2-3% processing fee! . We have to pay the loan within a month.
It reports to Cibil only after the loan is closed, we can see it as a closed account.
Now I have around 3 closed accounts from Jupiter itself as amicafin. Will the increasing number of closed accounts affect us in any future cards or loans?

Not you always expect loan reported as closed status some time they report on withdrawal date hence looks active account, it was happened me Did by IDFC FIRST MONEY and closed account no way impact your score unless closed as SETTLED OR WRITTEN OFF.