The FinTech Hub
Source: Live Mint South India bank provides for competitive car loan options for borrowers in India. The objective of these loans is to cater to both new and used vehicle purchases. The applicable interest rates in this regard start from 8.75% for new cars and are also linked with the repo rate. Further, the banking…
Source: Live Mint A dream car purchase is a major financial decision you must make with great consideration. Therefore, selecting the appropriate financing option is essential so that you do not get yourself into a heavier financial burden. While car loans are specifically designed for vehicle purchases, personal loans can also be used as an…
Source: Live Mint A pre-approval is often a common step to receive financial products such as credit cards, mortgages, or car loans. It is important you understand how these pre-approvals affect your score to ensure you are not compromising your financial health. This content will discuss the effects of pre-approvals on credit scores, explain soft…
Source: Live Mint As the Reserve Bank of India (RBI) on Wednesday cut the repo rate again by 25 basis points, home loan EMIs are expected to fall. In the past two months, RBI has cut the repo by a total of 50 basis points. In February, RBI cut the benchmark rate from 6.5 per…
Source: Live Mint A large number of individuals require car loans when they want to buy vehicles because buying a car means big financial commitments. Your credit score throughout the loan period will lead to preferred loan conditions that will decrease your interest rates while reducing your costs by hundreds of dollars. Steps to improve…
Source: Live Mint Are you facing a financial crisis and contemplating borrowing money from a bank as of now? Among several options, loan applicants can apply for what is known as a personal loan. For the unversed, personal loan is a form of borrowing which enables applicants to use money for a range of activities which…
Source: Live Mint I am planning to buy a home and will be taking a loan to finance my purchase. While exploring my options, I came across loan protection insurance. I want to understand whether it is necessary and how it can benefit me. – Name withheld on request Buying a home or car is…
Source: Live Mint With the popularity of used cars in India, a lot of opportunities are waiting to be financed. A pre-owned car loan is simply to provide financial support and fund individuals purchasing second hand vehicles. Below is the complete overview of what pre-owned car loans are and how to apply for them. What…
Source: Live Mint I am planning to buy a car worth ₹7 lakh and am considering taking a vehicle loan. I’m evaluating a 3-year versus a 6-year loan tenure. While I can afford a higher EMI, I’m unsure whether opting for a shorter tenure is the right financial decision. What key factors should I consider…
Source: Live Mint As the Indian economy evolves and moves towards becoming the third largest in the world after the US and China so are the aspirations and wishes of Indian youth. Having a car hence is now more than a status symbol. It adds convenience and elevates one’s lifestyle. In this ever evolving growth…
