The FinTech Hub
Source: Live Mint The credit utilisation ratio on your credit card is an important financial metric that lenders consider while approving a loan. If your credit utilisation ratio is above normal limits, the chances of you getting a loan comes down significantly. Here is a primer on credit utilisation ratio, how it works and how…
Source: Live Mint As from January 1, 2025, one of the key regulations taken by the Reserve Bank of India will make it compulsory for lenders to update credit bureau records every 15 days. This may completely transform the way credit score is calculated and published, thus ensuring that the financial activity of the borrowers…
Source: Live Mint The Indian government has a variety of credit schemes aimed at supporting small business owners and entrepreneurs in many industries. The scheme is intended to empower prospective entrepreneurs, spur economic growth, and generate employment. It is aimed at the microcredit that small businesses use to start off, finance, and grow huge corporations…
Source: Live Mint Flexibility in finance is important to cope with the pace of life today. Credit cards are necessary to manage expenditure, accumulate rewards, and to build credit history. Of course, with so many choices to choose from, the difficulty will come while deciding which one is the most suitable. In this situation, HDFC…
Source: Live Mint Even with personal money, convenience is the order of the day in today’s fast-paced world. Traditional personal loans are characterized by lengthy processes and reams of paperwork, which leads to frustration and delays. Introducing fast personal loans without documentation, a revolutionary way of quickly and efficiently accessing finance. What are instant personal…
Source: Live Mint Getting the money may not be that easy, particularly when you don’t have collateral to pledge to them. Conventional loans demand collateral, for example, in the form of equipment or real estate, for a guarantee that the loan would be repaid. Fortunately, there are unsecured business loans, and here we will teach…
Source: Live Mint In today’s fast-paced world of finance, personal loans are the lifeline in dealing with unexpected costs or the achievement of long-time goals. One of the organizations in the financial services space, L&T Finance, has personal loans that are fit for all kinds of monetary needs. Let’s look at some of the major…
Source: Live Mint Getting a credit card, a loan, and even some houses will be affected based on your credit history; in other words, credit history is a huge component of your financial life. The CIBIL score reflects your creditworthiness with a number. Having a “written off” status may make all the difference between many…
Source: Live Mint If you are planning to raise a personal loan and have a low salary, you don’t need to fret! You can still apply for a personal loan. Most banks offer personal loans to the borrowers who draw a lower salary, however this is subject to certain conditions. Before going further, let us recall…
Source: Live Mint Personal loans have become quite popular in recent times as they provide instant loan disbursal and help you get financial assistance if you are in an emergency situation. These loans are usually unsecured and do not require collateral. If you are looking to meet your short term financial goals and want to…
