The FinTech Hub
Source: Live Mint With more and more Indians turning to personal loans to bridge their financial shortcomings, there is a need to clearly understand the costs incurred while opting for these personal loan products. While can prove to be of invaluable help during a time of need, these often come with certain complicated fees that…
Source: Live Mint A will is a legal document that specifies how a person’s assets and belongings should be distributed after their death. It allows the individual, known as the testator, to ensure their wealth is passed on according to their wishes rather than being distributed as per default inheritance laws. A will can cover…
Source: Live Mint Q: What do lenders see when they look at my credit report for sanctioning loans? Lenders check your credit report to assess your creditworthiness. They evaluate the risk associated with lending to you based on the credit score and your borrowing and repayment history. Lenders will look at A) Your credit utilisation,…
Source: Live Mint The rule of 72 tells you how long it takes to double the money at the current interest rate. This is quite a valuable and insightful metric which tells you the time period during which you can increase your investment by 100 percent. Importantly, this also tells you the tenure during which…
Source: Live Mint Banks like HDFC Bank, Axis Bank, American Express, HSBC, etc., give credit cardholders the option to transfer reward points to loyalty programs of various airlines and hotels. The loyalty points can then be used to book free flights or hotel accommodations with the respective airline or hotel group. In this article, we…
Source: Live Mint If you are looking for a personal loan and you have a couple of offers in hand from different banks, it is vital that you opt for the one which suits you the most. For instance, when it comes to the interest rate, you are recommended to opt for the bank which charges…
Source: Live Mint Do you have a credit card and still failed to get access to your airport lounge then you are not alone? Perhaps you approached the wrong lounge (meant for business class travellers only) or the lounge access has expired, or you were accompanied with more guests than permitted. Overall, there could be several reasons…
Source: Live Mint Credit card users are usually not recommended to keep their card bills outstanding. And when they have a pending bill, they have two options: to pay in full or to only pay the minimum outstanding. When you pay the minimum due, you are meant to pay only 5 percent of the total bill…
Source: Live Mint Anyone investing in various instruments, including a Systematic Investment Plan (SIP) or regular deposits in mutual funds, will need to consistently track returns to assess the performance of their investments and make informed decisions. Tracking investments may seem straightforward initially; however, when multiple investments are involved, looking at returns may become complicated….
Source: Live Mint Using credit cards is a norm these days. And those users who are regular to shopping and movies have one more reason to use it now than they had earlier. Imagine receiving 10 percent extra discount each time you buy a movie ticket by using your credit card, or an extra reward…
