The FinTech Hub
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 Personal loans: When you are looking for a personal loan, one of the key considerations is to determine the loan tenure. This has a direct bearing on your EMI. Longer the loan tenure, smaller the EMI and conversely — shorter the tenure, bigger the instalment. Therefore, at the time of choosing a…
Source: Live Mint A credit score of 550 is generally considered poor in India. Such a score significantly impacts an individual’s access to credit instruments such as credit cards, personal loans etc. That is why clearly understanding the implications, pros and cons associated with this score and taking proper steps to improve the same are…
Source: Live Mint As of late 2024, over 1.33 million students are pursuing higher education abroad according to the recent report published by PTI. This is a considerable increase from past years, this fact was presented before the Indian parliament some time ago. It highlights the growing trend of Indian students pursuing higher educational prospects…
Source: Live Mint To escape mounting debt it is important to settle pending loans. Still, it often carries long-term challenges for your overall credit health. Now, as credit management awareness rises across India in 2025, it is crucial to clearly understand how loan settlement can impact your credit score and future borrowing prospects. This write-up…
Source: Live Mint India’s personal loan market is projected to grow at a CAGR of 26.55% between FY2025 and FY2032, according to a report by Markets and Data. This growth aligns with the country’s expanding credit landscape, supported by economic development. With personal loan volumes rising rapidly, borrowers must be extremely careful about opening new…
Source: Live Mint Maintaining a healthy credit score is important for securing loans and credit cards at favourable and easy interest rates. Still, missing even a single EMI can immensely impact your credit score in a negative way. Potentially dropping it by 100 points or even more. That is why understanding how to deal with…
Source: Live Mint A two-wheeler purchase provides an excellent opportunity to secure convenient transportation both during weekday activities and weekend outings. You could make the purchase through personal loans or two-wheeler loans if you lack all the needed funds. The information about loan differences assists you to choose the right loan when considering your particular…
Source: Live Mint Loan repayment is one of the many aspects affected by inflation. It affects purchasing power of money, interest rates and overall cost of borrowing. For borrowers, inflation can have both positive and negative consequences, depending on factors such as the type of loan, interest rate structure, and economic conditions. Understanding inflation and…
Source: Live Mint If you are taking a personal loan, all you are worried about is its repayment. It is vital to remember that a personal loan’s EMI hinges on two key factors: loan tenure and rate of interest. These two factors determine the loan EMI in the following ways: Rate of interest: The higher…
