The FinTech Hub
Source: Live Mint In recent years, applying for a home loan has become much smoother, especially with private banks going digital. Most now offer online portals and standard document checklists, making the process faster—often completing disbursals within 15 days. In contrast, public sector banks like SBI and Bank of Baroda still rely on physical paperwork…
Source: Live Mint Armed with a strong credit score and a little persuasion, Ram returned to his bank and convinced them to lower his interest rate to 8.5%. That 50-basis-point drop may sound small, but it translated into savings of ₹25 lakh on his ₹1 crore loan over 25 years. Though Ram’s example is illustrative,…
Source: Live Mint Personal loans can help you with financial assistance which can provide you instant cash if you are in an emergency or are in need of extra funds to cover your finances for a big event or if you just want to treat yourself with a luxurious gift. In order to get lower…
Source: Live Mint Access to financial solutions should be fast and simple in the fast-moving digital world of today. It is, however, very challenging for those with no or little credit history when using traditional lenders. Learn about the world of “no-CIBIL-score loan apps,” which offers several ways to access money. Let’s discuss their pros,…
Source: Live Mint If you are planning to raise a personal loan then the bank would invariably ask you to submit several documents (unless it is a pre-approved loan) such as your salary slips, your bank statement and Aadhaar card, PAN, among others. Notably, if your documents indicate financial liquidity, the bank may even offer…
Source: Live Mint For credit bureaus do hold an important part in dictating our financial lives although many borrowers find these very complicated, opaque, and sometimes unfair, part of their treatment as a borrower customer. Here we will highlight the key areas to be improved and look at several reasons why the credit bureaus must…
Source: Live Mint It is well known that your credit score directly impacts your ability to get a loan and a lower interest rate on it. But what factors impact your credit score? The credit report has answers to that. It is important to know the difference between the two and why both matter. A…
Source: Live Mint Your creditworthiness is depicted by your CIBIL score, which is a three-digit figure normally ranging from 300 to 900. It is one of the prime factors which lenders consider when deciding to accept your application for a credit card or loan. Knowing the guidelines and factors that govern your CIBIL score is…
Source: Live Mint Many people want to become home owners, and owning a home might be as simple as taking a home loan. Obtaining a home loan however, is not just by making an application; in addition to this, several conditions have to be satisfied. One of the necessary requirements is that you ought to…
Source: Live Mint Assessing your financial health is extremely important for your future borrowings. If you are planning to consider a personal loan or a credit card, then you must have come across the terms ‘credit score’ and ‘CIBIL score’. Before you apply for any credit, it is extremely important that you understand the difference…
