The FinTech Hub
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…
Source: Live Mint A high credit score offers much more than numerical value because it functions as a gate to better financial prospects together with financial independence. Credit scores determine approval rates on loans together with interest rates and prices of property rentals and potential job availability. Acquire financial stability by understanding the fundamental procedures…
Source: Live Mint Do you have a number of financial obligations aka personal loans and planning to redeem them by raising a fresh one? This is not a bad idea, nor is this unprecedented but whether you should opt for it or not – let us dig deeper and find an answer. These are some of…
Source: Live Mint Are you planning to raise a personal loan and before you opt for it, you realise that you already have a pre-approved loan offer. Now you are in a dilemma as to whether you should grab it or let it go. Typically, a pre-approved loan offer charges a higher rate of interest since it…
Source: Live Mint As a home loan in India requires a good credit score, which takes into account the loan amount and allows it to sanction as well as fix the interest rate along with other associated terms. Here are key ways to improve your credit score before availing the loan: Pay on time Payment…
