The FinTech Hub
Source: Live Mint If you are planning to raise a personal loan, remember that there are certain reasons for which it is not unreasonable to take a loan. For instance, when there is an emergency at home or a wedding. Additionally, there are some people who do not refrain from taking a loan for going on…
Source: Live Mint Boosting your credit score is key to getting the best loan rates and financial products. A credit score is nothing but a representation of an individual’s credit profile. The higher your credit score is, the better it is. Therefore, if you want to enhance your credit score in three months, follow the…
Source: Live Mint Q: What do lenders see when they look at my credit report for sanctioning loans? Lenders check your credit report to assess your creditworthiness. They evaluate the risk associated with lending to you based on the credit score and your borrowing and repayment history. Lenders will look at A) Your credit utilisation,…
Source: Live Mint If you are looking for a personal loan and you have a couple of offers in hand from different banks, it is vital that you opt for the one which suits you the most. For instance, when it comes to the interest rate, you are recommended to opt for the bank which charges…
Source: Live Mint If you are planning to raise a personal loan and unsure of being able to repay it in the shortest time possible, then it is recommended to use a personal loan EMI calculator. There are three inputs which you require for using an EMI calculator. These inputs are loan amount, rate of interest and the…
Source: Live Mint The Reserve Bank of India (RBI) has released a draft circular intended to direct banks not to levy foreclosure charges/ pre-payment on the floating rate term loans for purposes other than business to individual borrowers. This means when a loan borrower decides to foreclose a floating rate loan or prepay it, the…
Source: Live Mint The government is contemplating rolling out a system to route and settle interest subsidies on education loans through digital currency wallets, Economic Times reported quoting bank executives aware of this. A system is being worked out to integrate the Central Bank Digital Currency (CBDC)-based subsidy system with the Unified Portal for Education Loan, one of the…
Source: Live Mint India has the highest population of all the countries in the world. India also is the fastest growing economy among all the major economies. It is common knowledge that humans are the real capital of any civilization. Also Read | How can building credit history in your 20s set you up for…
Source: Live Mint Loans have become a popular choice for people who want to get temporary financial assistance to cover their expenses. A multipurpose loan is a flexible loan which enables you to borrow money without providing a specific reason for the same. This flexibility allows you to use the funds as per your convenience…
Source: Live Mint Your credit score is an important factor in determining your loan eligibility and the interest rate for your loan repayment. A healthy credit score improves your loan approval chances at your desired terms. An important factor that can cause an extreme change on your credit score is a “settled” status on your…
