The FinTech Hub
Source: Live Mint While applying for a personal loan, an individual has to fulfil various eligibility criteria. Some of these include age, income, credit score, debt-to-income (DTI) ratio, profession, work experience, etc. What if the loan applicant’s income is lower or credit score is lower than the bank’s personal loan eligibility requirements? In such cases,…
Source: Live Mint If you are planning to raise a personal loan in the near future, it is important to carry out an exhaustive background search. Among several things, it is vital to scout for the lowest possible rate so that you can raise the loan at an affordable interest rate. There are times when…
Source: Live Mint Traditionally, to get a personal loan, a borrower was required to visit the bank branch to enquire about the loan and make several visits to the branch to apply for a loan. With the evolution of the financial landscape and digitisation, applying for a loan has become quicker and more convenient. On…
Source: Live Mint The need for funds can arise at any time for several purposes, such as medical expenses, educational costs, or any other unexpected needs. Not everybody will have enough funds to meet unforeseen expenses. In such a scenario, an instant personal loan can be a viable option. What is an instant personal loan?…
Source: Live Mint When you apply for a loan or a credit card, banks check several factors to approve your request. One such factor is the CIBIL score. It is one of the key parameters to determine your eligibility for a loan or a credit card. This three-digit number reflects your creditworthiness. Banks check CIBIL…
Source: Live Mint Credit cards provide you with exciting discounts, rewards and cashbacks on daily transactions as well as on your favourite brands so that you can get the best deals and save money while not compromising on your lifestyle. Groceries are a major expense for your household. However, you can save money as well…
Source: Live Mint Axis Bank has rolled out several changes in its credit card rules, starting December 20, 2024. The changes are related to finance charges, cash payment fees, currency conversion markup, lounge access and others. Here, we list out the key changes the private lender is rolling out for its credit card users. Key…
Source: Live Mint Salaried employees do not face many challenges when applying for credit cards or loans when compared to self employed individuals. This is because of the fact that self employed individuals generally face difficulties while providing fixed income proofs. This increases the risk for lenders in providing you credit cards. However, many lenders…
Source: Live Mint Instant loan apps have transformed the lending scenario by providing quick and easy access to finances with just a few clicks on your phone. However, as such apps gain popularity in the financial landscape, the scams associated with them have risen as well. 1. Registered and authorised by RBI The Reserve Bank…
Source: Live Mint As the Year 2024 is set to end in a few days, investors are expected to avoid repeating the mistakes they made in the past. Some investors tend to rebalance their portfolio to enter the New Year with a fresh energy and vigour. The idea behind rebalancing is to leave the past…
