The FinTech Hub
Source: Live Mint Economic success and creation of new jobs alongside innovation and growth stems from micro small and medium-sized enterprises (MSMEs). Securing finance has always proven challenging due to the necessity of collateral. The program creates an opportunity for MSMEs to acquire loans worth up to ₹1 crore without requiring any security pledges. This…
Source: Live Mint The need for money may arise anytime, forcing individuals to borrow from financial institutions in the form of loans. Every loan has to be repaid in the future, and interest rates are charged as well. In order to deal with multiple financial requirements, borrowers may seek multiple loans with overlapping tenure. However,…
Source: Live Mint I am planning to buy a car worth ₹7 lakh and am considering taking a vehicle loan. I’m evaluating a 3-year versus a 6-year loan tenure. While I can afford a higher EMI, I’m unsure whether opting for a shorter tenure is the right financial decision. What key factors should I consider…
Source: Live Mint There are various means of ensuring that your payment is processed efficiently and promptly for whatever reason you might favour more traditional options or online ones such as net banking and smartphone applications. In order to help you manage your finances better, this provides an exhaustive rundown of these methods. What is…
Source: Live Mint If you have just started using a credit card, it is understandable to be tempted to use it for a range of expenses. And as you use the card for anything—ranging from making a bill payment to buying merchandise—you will be entitled to a 45-day interest-free period. During this moratorium of sorts,…
Source: Live Mint The importance of the housing sector to India’s gross domestic product (GDP) cannot be overstated. The major employment generator is expected to contribute 13% to the national GDP. With the Union budget being around the corner and the emphasis that the current dispensation is laying on the real estate sector, there is…
Source: Live Mint Using a credit card to pay for rent might be a good strategy to accumulate points and build up credit, but there are also disadvantages. To determine whether or not this approach is suitable for your financial situation, it will help to be aware of the dangers and advantages. Understanding credit cards…
Source: Live Mint This would make the management of cash flow even harder if it were to conflict with the cash revenue plan. In some cases, bills are paid late and therefore subject to additional late fees or interest charges, hence making poor management in terms of finance. In order to manage finance well, this…
Source: Live Mint If you face a temporary cash crunch and are in an urgent need of funds, you can use the gold sitting in your locker to tide over your cash flow issues. Banks and non-banking financial companies (NBFCs) offer gold loans for tenures as short as three months to as long as five…
Source: Live Mint Do you want to know how your application for a credit card from Axis Bank is going? The steps in the application process are explained, and how to quickly check up on the status of your application online or otherwise. What are credit cards? A credit card is essentially a financial gadget…
