The FinTech Hub
Source: Live Mint The phrases “pre-qualified” and “pre-approved” are commonly used in the context of personal finance, especially when applying for personal loans. Despite their apparent similarities, they are actually separate steps in the loan application process. Making educated borrowing decisions requires an understanding of the subtle differences between these concepts. What does pre-qualification mean?…
Source: Live Mint Personal loans are one of the most popular financial options for individuals who require money. These funds can be required for any reason, whether it is medical treatment, renovation of the house, planning for future education or a holiday. Now choosing the best personal loan is challenging and confusing with so many…
Source: Live Mint Have you recently received a lumpsum payment in the form of an annual bonus from the employer, variable pay, maturity amount from an investment, etc? Are you thinking of using it to close your personal loan? In this article, we will discuss what personal loan pre-closure is, its types, its benefits, and…
Source: Live Mint People in the middle class struggle with financial needs that outstrip what their available funds can cover while dealing with medical crises along with major expenses including weddings or higher education. A personal loan serves as an ideal solution when urgent financial requirements exceed available funds. Users need to understand all the…
Source: Live Mint Are you in urgent need of funds but the quantum is not large enough to go for a big-ticket loan? A small personal loan offered by banks and NBFCs (Non-banking finance companies) to cover small but unforeseen expenses can be quite helpful in such circumstances. You can borrow as low as ₹50000…
Source: Live Mint Whether an individual has a medical emergency or wants to enjoy a leisurely family vacation, a personal loan can provide the required funding. While applying for a personal loan, you don’t need to tell the financial institution about the end use of the money. Also, with the increasing digitisation adoption, these days,…
Source: Live Mint If you are in urgent need of funds, and do not possess any asset to raise the money against – there is little you can do besides taking out a personal loan. It is a handy tool which offers immediate funds for an array of purposes such as an emergency, higher education, travel,…
Source: Live Mint Personal loans are a popular way of borrowing temporary funds to pay for unexpected expenses. These loans offer instant disbursement and do not require collateral. Thus, even if you do not have an asset, you can apply for a personal loan and fulfill your financial needs. If you need ₹10 lakh and…
Source: Live Mint If you are considering loan options and are having a tough time in choosing between a personal loan and mortgage, it is important to consider a few factors so that you can make the right choice. While personal loan and mortgage loans have their own advantages and disadvantages, their few unique features…
Source: Live Mint Personal loans are a popular choice amongst people who are looking for temporary financial assistance to cover their sudden expenses. These loans do not require collateral and offer flexible repayment tenure. With instant loan disbursement, you can get access to funds within no time. Hence, these loans are a great option if…
