The FinTech Hub
Source: Live Mint Personal loans: Have you ever considered whether a borrower – with multiple outstanding loans – contemplate taking a fresh loan? Is this advisable for him/her to take a fresh loan and using its proceeds to retire all the existing loans? Typically, it is a common practice and it offers multiple advantages such…
Source: Live Mint Have you heard of the phenomenon of clearing off a personal loan by raising a fresh one? Or did you ever think of someone contemplating raising a new loan to clear off his myriad old debts? This is neither unusual not irrational. Let us explain why. Suppose Mr Z has five different…
Source: Live Mint If you are running low on funds, opting for a personal loan is typically feasible as well as rational. Borrowers tend to raise a personal loan for an array of purposes which include going on a vacation and buying an expensive item for your loved one. Besides these, one could raise personal loans for…
Source: Live Mint Do you have multiple loans to repay and worry that settling them all will take a long time? While there are several strategies for managing debt, one option is to use a new personal loan to pay off existing ones. Although this approach may seem risky, and some might warn against it…
