The FinTech Hub
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 As a taxpayer, it is important to make investment before March 31 to be able to claim tax exemption. Although taxpayers will be unable to claim tax benefits for their investments if they opted for the new tax regime. However, in the old tax regime, taxpayers can still claim tax exemption so…
Source: Live Mint It is important to understand and know about credit scores. So that one is financially healthy in India. Still, there are a few myths when it comes to credit scores which will end up costing you money. This write up is dedicated towards putting to rest some myths about how credit score…
Source: Live Mint TheGen Z have started to realise that they can generate income without working full-time through passive income. It seems like a scenario wherein you generate income while sleeping so that you can spend time on travelling or pursuing personal interests. By following a well-planned approach, these goals can be achievable. 1. Dividend…
Source: Live Mint Fans of horror movies will get all the satisfaction of scary demons and exorcism rituals. Fans of K-dramas will watch the beautiful actors emote in closeups as well as the mystical tradition and practices of shamanism and witchcraft in Korea. Add the mysteries of Tarot and the director’s ability to create a…
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 If you have a credit card but you have not been able to use it in a long time, then it is not uncommon. There are a number of people who sign up for credit cards for rewards, introductory offers, or emergency use—but later forget about them. However, leaving an unused card open isn’t…
Source: Live Mint As we are aware that the Reserve Bank of India (RBI) cut the repo rate by 50 basis points. This may continue further in the near future as the rate cut was seen as the onset of rate cut cycle by the banking regulator. Following this, one private bank has already slashed its savings…
Source: Live Mint A credit score is an important metric of your financial liquidity. This is a three-digit number that gives an indication of your creditworthiness. Lower the credit score, poorer the creditworthiness and conversely, higher this number – higher the creditworthiness. Before banks offer loans to someone, they tend to judge a person’s creditworthiness via…
Source: Live Mint Personal loan is an advance given to someone in need i.e., needs money urgently. This is an unsecured form of borrowing which can be used for an array of purposes which include, but not limited to, emergencies, higher education, business, vacation, wedding, luxury and home renovation. Aside from these purposes, personal loans can also…
