The FinTech Hub
Source: Live Mint To pursue higher education anywhere in the world, students not only require good grades but having enough finances is equally important. Most students face difficulty in arranging finances to fund their higher education despite having good grades. In order to help such students, the government and private banks have introduced a scheme…
Source: Live Mint The credit utilisation ratio on your credit card is an important financial metric that lenders consider while approving a loan. If your credit utilisation ratio is above normal limits, the chances of you getting a loan comes down significantly. Here is a primer on credit utilisation ratio, how it works and how…
Source: Live Mint The Indian government has a variety of credit schemes aimed at supporting small business owners and entrepreneurs in many industries. The scheme is intended to empower prospective entrepreneurs, spur economic growth, and generate employment. It is aimed at the microcredit that small businesses use to start off, finance, and grow huge corporations…
Source: Live Mint Getting the money may not be that easy, particularly when you don’t have collateral to pledge to them. Conventional loans demand collateral, for example, in the form of equipment or real estate, for a guarantee that the loan would be repaid. Fortunately, there are unsecured business loans, and here we will teach…
Source: Live Mint Personal loans have become quite popular in recent times as they provide instant loan disbursal and help you get financial assistance if you are in an emergency situation. These loans are usually unsecured and do not require collateral. If you are looking to meet your short term financial goals and want to…
Source: Live Mint Regularly checking your credit score and credit report is always a good idea. It will help you stay updated with all the information related to your loans and credit cards. It will also help you identify any incorrect information or wrong entries in your credit report, which can affect your credit score…
Source: Live Mint The emergence of Buy Now, Pay Later (BNPL) services has completely transformed our purchasing habits. BNPL has become a very attractive alternative to conventional credit cards by offering interest-free payments and instant gratification. While it allows for flexibility and ease for temporary transactions, misuse of this payment option can seriously jeopardise your…
Source: Live Mint An individual’s credit score is mainly affected by factors like timely EMI and credit card bill payments, credit utilisation ratio, secured and unsecured credit mix, number of credit applications and their frequency, ageing of loans and credit cards, etc. There are a lot of myths and misconceptions about some other factors that…
Source: Live Mint Weddings are magical, once-in-a-lifetime celebrations where love takes centre stage, and everything else, the venue, the food, the music, works to make the day unforgettable. But let’s be real: magic has a price tag. From dreamy decor to last-minute guest list expansions, the costs can pile up really fast. When savings fall…
Source: Live Mint Mutual funds are a great way to start investing and understand how the market works while not taking many risky investments. However, mutual funds are not just an investment for the future but can in fact help you in securing instant loans during emergencies. What is an instant loan against mutual funds?…
