The FinTech Hub
Source: Live Mint A personal loan is the most preferred financing option by many as it does not require any collateral and can be used in multiple ways. However, a personal loan application may get rejected for several reasons. Rejection of a loan application does not mean you will never get a loan in the…
Source: Live Mint Although applying for a personal loan might seem like a pretty big financial decision, having a co-borrower with you could make the process go easier. Let’s see how adding a co-borrower to your application would increase the chances of it getting approved and even possibly make the loan conditions better. Understanding personal…
Source: Live Mint In today’s fast-changing employment market, changing jobs very often opens up interesting new opportunities. However, these career changes might affect your financial plans, especially if you are looking for a personal loan. In most cases, lenders will pay much attention to the employment stability when considering a loan application. Here are some…
Source: Live Mint If you have decided to apply for a personal loan, then your credit score will play an important role in determining your eligibility for the loan as well as the interest rate which you will get. Personal loans generally charge higher interest rates as compared to other loans offered in the market…
Source: Live Mint Before applying for a personal loan with any bank, NBFC, or fintech, make sure you check the eligibility criteria. Without fulfilling the eligibility criteria, your application will be rejected resulting in disappointment. The credit score plays an important role in personal loan approval. The other factors include the individual’s age, income, employment,…
Source: Live Mint Are you planning to apply for a personal loan but are confused whether to go for a secured loan or an unsecured loan? Many banks and Non Banking Financial Companies (NBFCs) provide personal loans which may or may not require collateral. However, before you choose one, it is important that you first…
Source: Live Mint Personal loans are helpful for fast money if you need such speed to cover medical costs, house improvement, or that dream vacation. Not every person, however, is qualified to get a personal loan. A number of criteria must be met before the lenders determine if the borrower is credit worthy. Knowing these…
Source: Live Mint Have you ever felt a sudden need for money in the recent past? If yes, how did you manage to meet the requirement? Well, if you ever face a similar situation in the near future, you can – among other things – raise a small amount of personal loan from a bank…
Source: Live Mint If you want to take a personal loan but are not employed currently, then you do not need to fret. Most banks offer loans even to the self-employed persons so long as they fulfill other conditions. For the unversed, a personal loan is an unsecured loan given by banks to borrowers for a range…
