The FinTech Hub
Source: Live Mint Personal loans: If you are looking to raise a loan – the first logical thing for you to do is to choose the right financial institution. Those who are not aware there are different categories of institutions such as banks, NBFCs (non banking financial institutions), and fintech platforms. What kind of deal you manage…
Source: Live Mint If you are a personal loan applicant, you are supposed to be aware of the latest guidelines which are in force. Early this year, Reserve Bank of India (RBI) released a circular with regards to equated periodic instalment based personal loans. RBI’s guidelines on ‘reset of floating interest rate on EMI based personal…
Source: Live Mint What does one do if an emergency strikes while you are not in the pink of your health? Among several options, one could take out a personal loan. As personal loan has widened its net in its offerings and options — there are now a slew of sub-categories within its umbrella. These include instant…
Source: Live Mint Personal loans are becoming increasingly popular in India as they are easily available and convenient. Prominent lending institutions such as: HDFC Bank, ICICI Bank, Kotak Bank, Bajaj Finance, CreditAccess Grameen among others are rapidly scaling up loan distribution services. Also Read | 10-minute personal loans: Fast money or a fast track to…
Source: Live Mint A good credit score is indispensable to raisepersonal loans and credit cards. However, building a solid credit history doesn’t happen in a short time. It needs consistency and responsible financial habits. Here, we explain how one can build and improvecredit score over a period of time. Building credit history: Steps to take…
Source: Live Mint While evaluating a personal loan or any other loan application, the financial institution considers a good credit score one of the most important criteria. The decision to approve or reject the loan application will depend on a good credit score and other criteria. Hence, individuals must check their credit score and credit…
Source: Live Mint The acquisition of ownership through home purchase stands as a fundamental life achievement for most people although it generally requires substantial monetary investment. Mortgage loans provide necessary funds that enable people to achieve their homeownership aspirations through extended repayment plans. Understanding mortgage loan Mortgage loans function as secured loans that require you…
Source: Live Mint Financial needs often come in the form of money for businesses and individuals are subjected to the requirement of immediate working capital, large purchases, and expansion projects. Perhaps the most popular source of funding is via term loans. This article will help in making intelligent choices as it elaborates on features such…
Source: Live Mint Modified Interest Subvention Scheme (MISS) is a central sector scheme by the Government of India which is fully funded for giving concessional short term credit to the farmers. Launched in the 2006- 07 fiscal year, the scheme is designed to provide cheap credit to the farmers engaged in agriculture and allied activities….
Source: Live Mint In this article, we will understand how a joint loan application helps, and its impact on the credit score and report of both borrower and co-borrower. Also, how two individuals can apply for a loan as a co-applicants. Usually for higher amount loans like a home loan or a Loan Against Property…
