The FinTech Hub
Source: Live Mint Credit cards are flexible financial instruments that facilitate all types of online purchases and offline purchases. It is theoretically possible, but a “cash advance” is not always a simple or economical option. Let us review the mechanics of advances from financial institutions, their costs, potential risks, and their benefits. Credit card A…
Source: Live Mint As you must be aware that Income Tax (I-T) law is currently being reviewed. During the Budget speech last year, Finance Minister Nirmala Sitharaman said that the tax law is being reexamined. The goal, she emphasised, is to make the legislation easy to read and understand. “The purpose is to make the…
Source: Live Mint As the Indian economy evolves and we witness technological transformations it is natural to see the increased used of internet and aligned digital services to make lasting improvements in the lives of individuals. These developments help in making the process of distributing short-term loans, instant personal loans among other associated services seamless. …
Source: Live Mint All credit cards come with a pre-set credit limit. A cardholder can use the card up to the specified limit. If the usage exceeds the credit limit, some banks allow transactions up to a specified amount and charge an overlimit fee. On the other hand, some banks decline the transaction beyond the…
Source: Live Mint Personal loans help in securing one’s economic future. They help the borrower in navigating difficult financial challenges in a seamless way. That is why it is important to select a lender that offers the best interest rates, customer care services and flexibility in loan repayment. It is also important to carefully check the…
Source: Live Mint Getting a loan can be a time-consuming task and time is often not a luxury for most of us. Banks, therefore, sometimes give an option of availing an instant personal loan in cases where e-KYC is already complete. This means no sooner had you applied than you received an approval for it and the…
Source: Live Mint Keeping a credit card in contemporary times is more of a norm than an exception. For instance, if you have a card that has a credit limit of ₹5 lakh, you can use the same for buying merchandise and for making payments equivalent to this amount. Usually, card users do not use the…
Source: Live Mint A credit card is undoubtedly a powerful weapon in today’s time and age to make online payments. Not only does it offer a great degree of convenience and comfort but gives a number of rewards and cashbacks. Meanwhile, it is important to remember that UPI payments are growing faster than card payments. Payments via UPI…
Source: Live Mint If you are planning to raise a personal loan and find the current monthly instalment too high for your comfort, you can work towards reducing it. This requires proper planning and some calculation before you jump the gun. The most effective way to do it is to use the personal loan EMI…
Source: Live Mint Using a fraudulent credit card swiping scheme, a mobile shop manager conned his former colleague and three others of ₹75 lakhs, as per a media report. With an increase in the number of users of credit cards across the nation, such scams are also gaining traction. How was the scam planned and…
