The FinTech Hub
Source: Live Mint When you apply for a loan or a credit card, banks check several factors to approve your request. One such factor is the CIBIL score. It is one of the key parameters to determine your eligibility for a loan or a credit card. This three-digit number reflects your creditworthiness. Banks check CIBIL…
Source: Live Mint To get a personal loan, an individual has to fulfil the eligibility criteria. The applicant’s age should be within the specified age bracket; income should be higher than the specified minimum amount; should have a stable career with specified minimum work experience; the credit score should be equal to or higher than…
Source: Live Mint However, not all these factors affect your credit score equally. Your repayment history, for instance, matters much more than the number of hard enquiries on your credit report. A hard inquiry, also known as a hard pull or hard credit check, is when a lender or financial institution reviews your credit report…
Source: Live Mint Personal loans are unsecured loans which provide you with quick access to funds for your personal needs. Since personal loans do not require collateral, the eligibility criteria for loans are highly dependent on the credit score as well as your income. Hence, if you have a low credit score, your chances of…
Source: Live Mint The calendar year 2024 is about to end, and we will soon welcome 2025. It is that time of the year when people make resolutions related to health, career, finance, relationships, etc. You may have also made some or all of these resolutions. In your finance resolutions, you should add a section…
Source: Live Mint Imagine this – Over 119 million Indians are actively monitoring their credit scores, with a majority emerging from rural and semi-urban areas. This growing financial consciousness is not just a trend but a quiet revolution reshaping India’s economic foundation. Technology is dismantling traditional barriers to financial inclusion, and the importance of maintaining…
Source: Live Mint A personal loan is the most preferred financing option by many as it does not require any collateral and can be used in multiple ways. However, a personal loan application may get rejected for several reasons. Rejection of a loan application does not mean you will never get a loan in the…
Source: Live Mint Credit score is a three digit score which is given to you by credit bureaus which acts as a reflection of your credit profile and your creditworthiness to your creditors. Multiple loan inquiries to different creditors can negatively affect credit score. As a result, when you need the credit, you may not…
Source: Live Mint Whenever you apply for a loan or a credit card, your credit score plays an important role in determining whether the bank will approve or reject your application. While most people know this fact, there are many interesting facts about the credit score that you may not know. So, let us understand…
Source: Live Mint Taking a personal loan with the intention of investing can be both risky as well as profitable. Although personal loans are flexible and can be utilised for any purpose, using them for investments can be quite a gamble if you do not plan your moves thoroughly with the advice of financial experts. …
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