The FinTech Hub
Source: Live Mint As India’s household debt continues to grow, many consumers are faced with a pressing financial question: whether to pay off debt or invest their extra cash? This dilemma is particularly pertinent in today’s economic backdrop, where issues such as: interest rates, repayment terms and potential investment returns play extremely important roles. That…
Source: Live Mint A good credit score is one of the pre-requisites for obtaining a loan. The credit score is mainly dependent on your credit report. But what happens if your loan application is rejected due to inaccuracies and outdated data on your previous loans in your credit report? The decision to grant a loan…
Source: Live Mint How to become rich: Anyone can become rich; all it takes is knowing how to increase your wealth and be consistent. You can see your wealth increase over time by making wise investments, managing your money well, and consistently reinvesting your money. Developing wise financial practices as we move into 2025 might…
Source: Live Mint The reliance of urban poor households on informal credit systems remains a significant challenge in the journey toward financial inclusion. Despite advancements in formal banking services, over 50% of urban poor households in India continue to rely on informal credit sources, contributing to an unorganised lending market estimated at nearly $100 billion….
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 When you apply for a personal loan, the banks consider different factors to determine the interest rate chargeable. Some of these are related to broader factors, like the macro interest rate scenario in the economy and RBI norms. Some relate to your profession and personal factors, like your credit score, past repayment…
Source: Live Mint Your financial stability and income plays a major role in determining your credit score. Lenders may use this score to determine your credit worthiness. But what is a good credit score? In this article we are going to understand what a credit score is and its ranges. With this you can have…
Source: Live Mint A personal loan is one of the quickest ways to arrange funds for any reason. Be it a medical emergency, paying for a child’s education, a family function, buying a vehicle, enjoying a family vacation, starting a business, etc. In the case of a personal loan, you don’t need to tell the…
Source: Live Mint With the advent of digitisation, getting a personal loan is at your fingertips. Many banks, NBFCs, and fintechs have made the personal loan process from application to disbursement completely online. The pre-approved offers have further simplified getting a personal loan in less time. However, before availing that pre-approved personal loan offer or…
Source: Live Mint A good credit score increases your chances of getting a loan or credit card approved, provided you fulfil the other eligibility criteria. However, the higher the credit score, the higher the negotiating power you have to get better terms from the bank. These include a higher loan amount, a lower interest rate,…
