The FinTech Hub
Source: Live Mint Although applying for a personal loan might seem like a pretty big financial decision, having a co-borrower with you could make the process go easier. Let’s see how adding a co-borrower to your application would increase the chances of it getting approved and even possibly make the loan conditions better. Understanding personal…
Source: Live Mint In today’s fast-changing employment market, changing jobs very often opens up interesting new opportunities. However, these career changes might affect your financial plans, especially if you are looking for a personal loan. In most cases, lenders will pay much attention to the employment stability when considering a loan application. Here are some…
Source: Live Mint While availing a personal loan is typically a hassle-free process for salaried individuals given the regular nature of their income, self-employed persons have to go through the rigour of convincing the lender to get the same. Lenders require self-employed persons to have a minimum income, which can vary by location, and the…
Source: Live Mint Another component of our personal finance, where inflation leaves an impact is interest rates of personal loans. These interest rates fluctuate over time due to inflation and for the profit margin of the lenders along with maintaining purchasing power. Let us examine how personal loan interest rates are influenced by inflation and…
Source: Live Mint The desire to be your own boss often fuels the ambition for wanting to start your business. Of course, this kind of financial approach might seem convenient sometimes when you’re a little low on cash, while personal loans require careful considerations of both benefits and disadvantages before choosing to borrow money from…
Source: Live Mint A credit card is considered one of the most convenient financial tools for making emergency payments. It allows you to purchase an item when needed and pay for it later and provides various rewards. Several users prefer keeping multiple credit cards to take advantage of these rewards. However, having multiple credit cards…
Source: Live Mint It is sometimes overwhelming to read credit card statements especially when it relates to the minimum balance you owe. Let’s break it down so you can understand what it is, how it works, and what it can do to your pocket. What are credit cards? Banks and other financial institutions issue credit…
Source: Live Mint Personal loans provide ready access to money, but with responsibilities and downsides. Knowing when to seek a personal loan is the secret to sound financial decisions. Here are closer looks at when it makes sense to take out a personal loan. Understanding personal loans A personal loan allows you to borrow a…
Source: Live Mint Knowing your CIBIL score is the first step towards understanding your financial health. An OTP was earlier required to check your CIBIL score. However, recent changes have enabled you to view your score using only your PAN card. Let’s take you through this easy and effective procedure. What is CIBIL score? A…
Source: Live Mint From meal credits to traveling advantages, American Express credit cards have been well-known for such fine benefits and perks. This can only be best availed, however, if one really understands the special privileges or features the card they’re holding is offering them. This guidance will let you maximize your American Express credit…
