The FinTech Hub
Source: Live Mint HDFC Bank has cut its marginal cost of funds-based lending rate on select tenures by upto 5 basis points. After the change, MCLR will now range between 9.15 percent and 9.45 percent. The new rates will come into force from Jan 7, 2025 onwards. What is MCLR? MCLR refers to the marginal…
Source: Live Mint Most banks give reward points to their credit cardholders for transactions in specified categories. It is one of the ways in which banks reward their cardholders for using the credit cards. Cardholders can use these reward points in various ways. Most cardholders use them to pay for purchase transactions, avail of statement…
Source: Live Mint At the time of opting for a credit card, it is recommended to choose the one which aligns with your specific lifestyle needs. For instance, if you regularly shop at a particular brand outlet, then it doesn’t harm to apply for the credit card that gives cashback for shopping there. Similarly, if…
Source: Live Mint Loans are a convenient way of getting financial assistance if you are in an emergency and need quick cash or if you want to buy your dream vehicle but are falling short of funds. If planned properly, loans can help you achieve financial independence so that you can fulfil your dreams by…
Source: Live Mint The financial market has transformed over the years which has revolutionised the entire lending and borrowing process. One of the major innovations which has reshaped the sector are loan aggregators. These platforms connect lenders and borrowers efficiently and transparently, which act as a bridge in meeting challenges such as accessibility, cost-efficiency, and…
Source: Live Mint Credit cards are no longer just a luxury but have indeed become a part of your lifestyle. With the benefits of credit cards, you no longer have to worry about spending immediate cash. The lender pays your bill on your behalf and you do not have to worry about it till the…
Source: Live Mint If you want to get a personal loan, your employment as well as your income plays a major role in making your application eligible for the loan. Personal loans are unsecured loans that do not require collateral. You can get quick access to funds as these loans offer quick loan disbursement with…
Source: Live Mint Personal loans are a great choice to consider if you want to get access to immediate funds for your personal expenses. HDFC Bank offers personal loans specifically designed to empower women to assist them towards becoming financially independent. The bank provides personal loans to women with interest rates starting from 10.85%. Let…
Source: Live Mint If you are applying for a personal loan, it is advisable to compare the different charges levied by banks. Although a loan becomes lucrative or costlier based on the interest rate it charges, it is recommended to compare processing fee or charges as well. The lower the charges, the cheaper the loan. And higher…
Source: Live Mint To pursue higher education anywhere in the world, students not only require good grades but having enough finances is equally important. Most students face difficulty in arranging finances to fund their higher education despite having good grades. In order to help such students, the government and private banks have introduced a scheme…
