The FinTech Hub
Source: Live Mint While applying for a personal loan, an individual has to fulfil various eligibility criteria. Some of these include age, income, credit score, debt-to-income (DTI) ratio, profession, work experience, etc. What if the loan applicant’s income is lower or credit score is lower than the bank’s personal loan eligibility requirements? In such cases,…
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 As a student, managing finances can become tough sometimes. Building a credit score can help you get lowest interest rates while applying for loans. A healthy credit score also helps you get your desired credit cards with a high spending limit and exclusive deals. As a student, credit building could look like…
Source: Live Mint When you raise a personal loan, the first thing you want to do is to find out your equated monthly instalment or EMI. This can be computed with the help of a personal loan EMI calculator. Let us understand how this works. An EMI calculator ascertains the monthly instalment on the basis…
Source: Live Mint Are you planning to apply for a new credit card but struggle to get a credit score good enough to procure a card? Well, you are not alone. This problem is quite prevalent. There could be a lot of reasons for the poor credit score, also known as CIBIL score. And once…
/cdn.vox-cdn.com/uploads/chorus_asset/file/25799214/installer_65.png?w=400&resize=400,250&ssl=1 "Home Assistant Voice is a new must-have smart home accessory")