The FinTech Hub
Source: Live Mint If you have taken a personal loan and realise that the funds are inadequate to meet your requirements, then a top-up personal loan is an option worth exploring. For instance, assume that you took a ₹10 lakh personal loan for a wedding at home. That time, you did a back-of-the-envelope calculation, which,…
Source: Live Mint At a recent event in Mumbai, Union Finance Minister Nirmala Sitharaman flagged mis-selling of financial products, particularly related to insurance. Often, consumers buy an insurance product after being prodded by an agent, who could be a friend or a relative. After numerous calls, which culminate in a face-to-face meeting, you decide to…
Source: Live Mint A number of investors raised personal loans against their shares and mutual funds partly because of the bull run (that has apparently ended with 10 percent correction having taken place). The latest RBI data shows that outstanding loans against shares and bonds as of August 2024 stood at ₹9,722 crore, growing around…
Source: Live Mint Have you been planning to raise a personal loan lately? It is recommended to first compare the interest rates charged by different banks and non banking financial corporation (NBFC). Typically, personal loan interest rates are relatively higher because they are unsecured and banks, therefore, make up for the risk of loss of…
Source: Live Mint If you want to apply for a credit card, you might want to know which are the credit cards worth applying for. The worth of a credit card is determined on the basis of various factors, which essentially should align with your requirements and preferences. For instance, the cards with reward points…
Source: Live Mint If you are falling short of money and currently exploring different means of raising funds then you can, among a slew of options, consider raising a personal loan. However, one of the key disadvantages of raising a personal loan is that it carries a high rate of interest. The other alternative, meanwhile,…
Source: Live Mint If you are planning to raise a floating rate loan such as home loan, it is vital to know the MCLR rates which the banks are currently charging. Banks typically link their rates to marginal cost of funds-based lending rates (or MCLR) which plays a key factor in determining interest rates for…
Source: Live Mint If you are in an urgent need of money where you can’t afford to wait to save then one of the feasible alternatives is to raise a personal loan from a bank. Essentially, a personal loan can be raised for a slew of purposes which include hosting a wedding, buying a luxury…
Source: Live Mint If you are planning to raise a personal loan for any amount then remember that your equated monthly instalment (or EMI) is contingent on two factors i.e., time duration and rate of interest. Among these two factors, amount of EMI is directly proportional to the rate of interest that the bank charges,…
Source: Live Mint Have you recently come across a video where Reserve Bank of India Governor Shaktikanta Das is seen giving investment advice? This is another deepfake video intended to trick investors into making investment in fraudulent platform(s). This is not the first time when fraudsters tried fleecing gullible investors with the aid of a…
