The FinTech Hub
Source: Live Mint Recently a case was reported where a woman has claimed that a fake captain has defrauded her of ₹17.5 lakh. This is how it happened: Manpreet Kaur’s husband who works in the Army as Naik was approached by a colleague and was introduced to ‘Captain’ Sagar Guleria who – he claimed –…
Source: Live Mint The Suryoday Small Finance Bank (SSFB) provides users a clearly defined and streamlined process for seeking two wheeler loans. The objective of this product offering is to make vehicle ownership more affordable and accessible to aspirational families across the country. With the benefit of competitive interest rates and minimal documentation, SSFB’s two…
Source: Live Mint A credit score of 650 is considered average at best in India. This score has the potential to limit access to premium financial products and services. With this score it becomes very difficult to secure premium credit cards, fair and reasonable interest personal loans, easy home loans etc. Now, elevating this credit…
Source: Live Mint Punjab National Bank (PNB) has rolled out PNB Nirmaan 2025 scheme which gives 100 percent waiver on processing and documentation charges, the bank announced on Thursday. Launched on April 21, the state lender’s scheme will come to an end on June 20, 2025. The other charges such as NEC/legal/valuation charges are borne…
Source: Live Mint If you are planning to raise a personal loan, it is vital to weigh a number of factors before you choose the one that suits you the most. Among several factors, it is vital to consider the processing fee which could be as high as 2-3 percent of the total loan amount….
Source: Live Mint Mirae Asset Financial Services (MAFS) has joined hands with Fibe to expand credit access to last mile consumers. This strategic partnership is set to empower salaried individuals, especially the middle-income group, with quick access to personal loans through a digital process. Fibe’s partnership with MAFS is likely to strengthen its presence across…
Source: Live Mint A credit score of 750 or more is generally considered excellent in India. Still, many applicants find themselves in difficult situations, facing denial when applying for premium credit cards. This contradiction clearly highlights that a credit score is important but still, it is not the sole determinant for the approval of premium,…
Source: Live Mint Starting next month, the Education Department in the US says student loans that are in default will be referred for collections, reported Associated Press. Roughly 5.3 million borrowers are in default on their student loans and soon could be subject to having their wages garnished. Referrals for collection had been put on hold…
Source: Live Mint Fintech firm BankBazaar has joined hands with Muthoot FinCorp to start offering gold loans. As part of the collaboration, Muthoot FinCorp has invested ₹15 crore in BankBazaar’s ongoing Series D2 round as equity investor. As part of D2 round of the fundraise, BankBazaar – which is specialised in co-branded credit cards and…
Source: Live Mint The Punjab National Bank (PNB), allows borrowers to pre-close their existing personal loans in a seamless fashion. This enables the borrowers to settle and close out with their outstanding debts before the stipulated tenure. Now, this approach can result in immense savings on interest and boost one’s credit profile. As of April 2025, PNB…
