The FinTech Hub
Source: Live Mint Securing a personal loan with a credit score of 510 poses significant difficulties for aspirational borrowers. Generally, a credit score below 600 is considered poor and inadequate. It indicates improper financial planning on the borrowers part and a possible history of defaults or high credit utilisation. Most of the banks and financial…
Source: Live Mint DCB Bank continues to provide customised personal loan solutions to help both salaried and self employed borrowers, meet their financial needs. Whether it is for medical expenses, home renovation, travel or other day to day expenses. To meet the same expectations, a ₹2.5 lakh personal loan from DCB Bank can be availed…
Source: Live Mint Securing a ₹1 lakh personal loan in India hinges immensely on the strength of your credit profile and your present credit score. These are key indicators of your creditworthiness. Financial institutions and lending banks check this score to determine the risk associated with lending you credit. According to Mr Rohith Reji, Co-founder,…
Source: Live Mint Personal loans help borrowers meet day-to-day needs and aspirations such as medical expenses, education costs, home reconstruction and other similar family or lifestyle-related requirements. Let us discuss five widely prevalent myths you should stop believing to make the most of your personal loan. Understanding these myths will boost your confidence and help…
Source: Live Mint ICICI Bank offers a seamless process for securing personal loans to meet diverse financial needs, such as education, surgeries, weddings, medical emergencies or home reconstruction. The bank provides loans of up to ₹50 lakh or more, with repayment tenures ranging from 12 to 72 months. The loan terms depend on several factors,…
Source: Live Mint Freelancing is an increasingly popular way to work because of its flexibility, autonomy, and ability to earn as much as you want. One of the critical hurdles freelancers face is financial stability, especially when it comes to loan financing. Although freelancers work for themselves, personal loans can offer relief when they need…
Source: Live Mint When you apply for a personal loan or any other loan, you must fulfil the bank’s various eligibility criteria. The bank performs the eligibility check to evaluate whether you qualify for the personal loan. The broader eligibility criteria are the same for most banks. However, within each eligibility criteria, the bank may…
Source: Live Mint If you need quick funds and do not own assets to act as collateral, personal loans can be a smart option. The loans do not need any collateral and get disbursed instantly. Before applying for HDFC Bank personal loan, it is essential to know about eligibility criteria, documents required and other fees…
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…
