The FinTech Hub
Source: Live Mint If you are planning to raise a personal loan and unsure of being able to repay it in the shortest time possible, then it is recommended to use a personal loan EMI calculator. There are three inputs which you require for using an EMI calculator. These inputs are loan amount, rate of interest and the…
Source: Live Mint In today’s cut throat competitive environment personal student loans are becoming increasingly popular among Indian students who need financial support to meet their educational requirements and aspirations. Personal loans for students are versatile tools of financing to meet various education related expenses. Following are a few points to always keep in mind…
Source: Live Mint So, after you file an ITR, you get four years from the end of the assessment year to include any additional income in the updated ITR that you have missed reporting in the original tax return. Sounds like a good deal for voluntary compliance? It is, only until you realise it is…
Source: Live Mint If you are planning to invest in a mutual fund, then the better way to do is through an SIP (systematic investment plan) instead of lumpsum. An SIP can help you average out the cost of acquisition of mutual fund units, thus maximising your chances of earning higher returns. There are some…
Source: Live Mint Personal loans are one of the most popular financial options for individuals who require money. These funds can be required for any reason, whether it is medical treatment, renovation of the house, planning for future education or a holiday. Now choosing the best personal loan is challenging and confusing with so many…
Source: Live Mint The Reserve Bank of India (RBI) has released a draft circular intended to direct banks not to levy foreclosure charges/ pre-payment on the floating rate term loans for purposes other than business to individual borrowers. This means when a loan borrower decides to foreclose a floating rate loan or prepay it, the…
Source: Live Mint As a taxpayer, it is important to make investment before March 31 to be able to claim tax exemption. Although taxpayers will be unable to claim tax benefits for their investments if they opted for the new tax regime. However, in the old tax regime, taxpayers can still claim tax exemption so…
Source: Live Mint Receiving an inheritance can be complex, especially if it involves cross-border transfers. Diya (name changed), a 60-year-old woman, found herself in a difficult situation when her father passed away in February 2023. She had dual US and Norway citizenship and an Overseas Citizen of India (OCI) card, and had been living in…
Source: Live Mint Google Pay starts levying convenience fee on payments made via credit and debit card for utilities such as cooking gas and electricity, reported Economic Times. This used to be free earlier. The fees are subject to Goods and Services Tax and amount to 0.5% to 1% of transaction value. This move by…
Source: Live Mint Have you recently received a lumpsum payment in the form of an annual bonus from the employer, variable pay, maturity amount from an investment, etc? Are you thinking of using it to close your personal loan? In this article, we will discuss what personal loan pre-closure is, its types, its benefits, and…
