The FinTech Hub
Source: Live Mint In a recent financial fraud in Panchkula, a woman and her husband lost ₹17.5 lakh to a man posing as an Indian Army captain. According to reports, the accused, identified as Sagar Guleria, allegedly convinced the couple to transfer a sanctioned personal loan amount to his account. He claimed the transfer was…
Source: Live Mint Personal loans: When you are looking for a personal loan, one of the key considerations is to determine the loan tenure. This has a direct bearing on your EMI. Longer the loan tenure, smaller the EMI and conversely — shorter the tenure, bigger the instalment. Therefore, at the time of choosing a…
Source: Live Mint Personal loans: Have you ever considered whether a borrower – with multiple outstanding loans – contemplate taking a fresh loan? Is this advisable for him/her to take a fresh loan and using its proceeds to retire all the existing loans? Typically, it is a common practice and it offers multiple advantages such…
Source: Live Mint In India’s ever-evolving credit distribution landscape, personal loans have emerged as a strategic tool not just for meeting financial needs and aspirations such as health, education, medical expenses, home renovation, etc, but also for boosting and enhancing the creditworthiness of borrowers. When managed sensibly, personal loans can positively influence your credit score…
Source: Live Mint Bandhan Bank is providing customers with competitive and unique personal loan opportunities. These personal loan options help borrowers with meeting their immediate financial aspirations and requirements such as education, home renovation, medical emergencies, surgeries etc. Now, the bank provides flexible tenures, interest rates and repayment facilities on these loans so that borrowers…
Source: Live Mint Recently a case was reported where a woman has claimed that a fake captain has defrauded her of ₹17.5 lakh. This is how it happened: Manpreet Kaur’s husband who works in the Army as Naik was approached by a colleague and was introduced to ‘Captain’ Sagar Guleria who – he claimed –…
Source: Live Mint If you are planning to take a personal loan, it is recommended to find the optimum personal loan monthly instalment or equated monthly instalment (EMI). And it helps to use a personal loan EMI calculator to be able to calculate the right EMI. There are three inputs required to be able to…
Source: Live Mint Credit Score: Whether you are applying for a car loan, home loan, personal loan, or even a credit card, commercial banks tend to check your creditworthiness. This is measured by a three-digit number between 300 and 900, known as a credit score. Numerous factors influence your credit score, including your payment history,…
Source: Live Mint Personal loans usually have a tenure of up to five years. If the personal loan is availed during a financial emergency, the borrower may go for a longer tenure as they may be unsure of the cash flows in the near future. However, while servicing the personal loan EMIs, if you receive…
Source: Live Mint If you are planning to raise a personal loan, it is vital to weigh a number of factors before you choose the one that suits you the most. Among several factors, it is vital to consider the processing fee which could be as high as 2-3 percent of the total loan amount….
