The FinTech Hub
Source: Live Mint If you are short of funds, it is acceptable to explore the prospect of raising a personal loan to meet your needs. The purpose of raising funds could range from organising a wedding to go on a vacation, or to buy an expensive item, among others. Whatever the reason could be —…
Source: Live Mint Interest rates, be it to individuals or institutions, play a crucial role in planning finances. Two distinct rates employed to calculate the interest for any loan are the base rate and the marginal cost of funds-based lending rate (MCLR). So let’s look at the rates at work and how they help keep…
Source: Live Mint A personal loan may be a good financial tool when used judiciously. But in order to avoid interest payment, it is crucial that you repay your personal loan in an efficient manner. Let’s have a look at the strategies to enable you to reduce your total debt, and pay off your personal…
Source: Live Mint If you are planning to take a personal loan, it is important that you keep a few aspects in mind before you start with your application process. You must also note that personal loans offer you funds at a much higher interest rate as compared to other loans available in the market….
Source: Live Mint Are you someone who is planning to start their credit journey? Credit scores play a vital role in determining your credit worthiness and your eligibility for loans and credit cards. If you are new to credit, then building a strong credit score will help you get lowest interest rates and quick approvals…
Source: Live Mint Credit reports and scores are vital determinants in the contemporary financial world as they determine our prospects. Even though these two phrases are frequently substituted for each other, it is worth noting that both terms carry different meanings. Let’s explore how a credit report and score vary from each other and then…
Source: Live Mint A personal loan is one of the quickest ways to arrange funds for any reason. Be it a medical emergency, paying for a child’s education, a family function, buying a vehicle, enjoying a family vacation, starting a business, etc. In the case of a personal loan, you don’t need to tell the…
Source: Live Mint To be considered eligible for any financial need like home loans and credit cards, one has to have an elevated credit score. To keep and elevate a good credit score requires preparation and a sense of initiative, too. Here, we will include seven practical suggestions to enable you to work on bettering…
Source: Live Mint A credit score is a three-digit number that helps lenders assess your eligibility for loans or credit cards. This score is calculated by credit bureaus based on your credit history, as mentioned in your credit report. Hence, it is extremely important that you maintain a healthy credit score to get faster approvals…
Source: Live Mint If you are all set to borrow a personal loan, then the first and foremost thing that you need to do is to zero in on a bank to borrow the money from. Amid a flurry of borrowing options to go around, one can opt for an NBFC (non banking financial corporation)…
