The FinTech Hub
Source: Live Mint When an applicant of a personal loan goes ahead with applying for this particular credit instrument in India, one of the key documentation requirements is the submission of bank statements. It is these statements that help lenders in assessing and understanding an applicant’s financial stability and repayment ability. Still, the specific duration…
Source: Live Mint In the ever-evolving economy of India, credit cards have emerged as an essential financial tool. These cards provide rewards, convenience, flexibility etc., to the respective users. This makes them popular among consumers. Still, while using credit cards, it is also important to be aware of the risks associated with exceeding your credit…
Source: Live Mint ICICI Bank, offers a diverse and unique range of credit cards designed to meet various financial needs of credit card users. A pivotal factor in the entire process of approval of credit cards through ICICI Bank, is the applicant’s credit score. Now, given there is no fixed credit score defined by ICICI…
Source: Live Mint Banks have various eligibility criteria for loans. If a loan applicant doesn’t meet one of the eligibility criteria, the bank may ask the applicant to get a co-applicant instead of rejecting the loan application. In this article, we will understand why a borrower may get a co-applicant and the impact of a…
Source: Live Mint Securing a ₹1 lakh personal loan in India hinges immensely on the strength of your credit profile and your present credit score. These are key indicators of your creditworthiness. Financial institutions and lending banks check this score to determine the risk associated with lending you credit. According to Mr Rohith Reji, Co-founder,…
Source: Live Mint In India a credible and strong credit score is crucial for securing personal loans, credit cards, favourable interest rates etc. Given a score of 480 is considered poor, still achieving a score of 750 or higher is still attainable with disciplined and calm financial habits. According to Bhargav Errangi, Founder, POP, “Improving…
Source: Live Mint For numerous Indian students, securing an educational loan is a critical step towards accomplishing academic success. Still, lacking a proper credit score and a clean credit history can pose significant challenges in securing education loans on easier terms. Even in such circumstances, it is important to acknowledge the fact that there are…
Source: Live Mint In a credit card monthly statement, you will see two amounts due. One is the minimum amount due (MAD), and the second is the total amount due (TAD). While making the monthly bill payment, the bank usually gives you three payment options: MAD, TAD, and any other amount. Which out of these…
Source: Live Mint If you are a Union Bank’s Visa Gold credit card user, then the bank provides an elaborate and well-structured grievance redressal process. This process has been developed to help and support Union Bank of India’s Visa Gold credit card users and provide them with seamless and timely resolutions for their credit card…
Source: Live Mint If you are planning to raise a loan – secured or personal – one of the first things that you must do is to find your credit score. This is a three-digit number that reflects your creditworthiness i.e., your ability to repay a loan that you took. Higher the credit score, better…
