The FinTech Hub
Source: Live Mint To maintain optimum financial health and a respectable credit score, it is imperative for you to understand the implications of closing a credit account on the integrity of your current credit score. What is a credit score? Your credit score is a numerical representation of your creditworthiness. It ranges from 300 to…
Source: Live Mint Maintaining a credit score above 700 (measured by CRIF High Mark, Experian or Equifax) calls for credit discipline. This means one should clear one’s credit card bills and loan repayments on time. Additionally, one should keep the credit utilisation ratio (CUR) under the optimum level of 30 percent. Aside from this, one…
Source: Live Mint It is a common belief that it is easy to make money in a bull market. Still, when the going gets tough, it becomes challenging to not only make money but to survive in the market. That is why the song quote: “When the going gets tough, the tough get going” by…
Source: Live Mint In India, all banks together offer 100s of different credit cards. Each card has its own unique selling point (USP). For many people, one single credit card cannot cater to all their needs. Hence, they follow a multi-credit card strategy to maximise the benefits. In this article, we will understand why people…
Source: Live Mint BOBCARD, a subsidiary of Bank of Baroda, has unveiled its latest campaign titled #ReimagineLoveWithBOBCARD – 2.0. As the Valentine’s season kicks off, BOBCARD has announced an array of offers across a number of brands on its credit cards including Amazon, Myntra, Flipkart, Goibibo, Zomato, PVR Inox and more. Be it a romantic dinner,…
Source: Live Mint To secure one’s future in India financial education is extremely important. Still, it is a surprise to see that basic financial market education, investment themes, asset classes etc., are seldom discussed in early school curriculum. In the given situation hence, it is important for various educational boards to consider making equity market…
Source: Live Mint In 2020, the Government of India introduced a new tax regime that offered concessional tax rates while scrapping most of the deductions and exemptions offered under the old tax regime. Most small taxpayers were – until then – accustomed to claiming exemptions and deductions against the investments they made during the financial…
Source: Live Mint A poor credit score reflects poorly on not only a person’s finances but even his character. Therefore, if you are someone who has a poor credit score you need to clear your name and ensure that you are able to improve your credit profile and make up for the earlier errors. It is…
Source: Live Mint Personal loan interest rates can significantly impact the cost of borrowing and should be carefully considered before applying. Several factors determine the interest rate you qualify for. Some of them are: credit score, earlier repayment history, credit limits, borrowing potential, old assets etc., according to a detailed report by ANI. What is…
Source: Live Mint Due to excellent rewards and benefits, as well as their domestic and international acceptability, RuPay credit cards have gained more popularity in India. Connecting your RuPay credit card to UPI helps accelerate transactions and make it more accessible, regardless of your level of credit card experience. This is a comprehensive guide on…
