The FinTech Hub
Source: Live Mint The use of technology in the financial sector has revolutionised the entire process of borrowing and transformed the user experience to a new level. From a quick and efficient process of submitting loan applications to customised offers, technology has simplified the entire personal loan application journey. Online loan applications Now it is…
Source: Live Mint When you apply for a personal loan, the banks consider different factors to determine the interest rate chargeable. Some of these are related to broader factors, like the macro interest rate scenario in the economy and RBI norms. Some relate to your profession and personal factors, like your credit score, past repayment…
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 While availing a personal loan is typically a hassle-free process for salaried individuals given the regular nature of their income, self-employed persons have to go through the rigour of convincing the lender to get the same. Lenders require self-employed persons to have a minimum income, which can vary by location, and the…
Source: Live Mint Another component of our personal finance, where inflation leaves an impact is interest rates of personal loans. These interest rates fluctuate over time due to inflation and for the profit margin of the lenders along with maintaining purchasing power. Let us examine how personal loan interest rates are influenced by inflation and…
Source: Live Mint Taking a personal loan with the intention of investing can be both risky as well as profitable. Although personal loans are flexible and can be utilised for any purpose, using them for investments can be quite a gamble if you do not plan your moves thoroughly with the advice of financial experts. …
Source: Live Mint While planning to get a personal loan, it is extremely important to be clear with your requirements and needs so that you only borrow the amount which you really require and avoid any unnecessary burden on your finances. EMI calculator is a useful tool which you can use to plan your personal…
Source: Live Mint Personal loans have become a popular choice amongst people who want quick cash to meet their financial obligations or just need some extra funds for a celebration or a luxury vacation. With flexible eligibility criteria and minimum documentation, personal loans are a great choice if you want quick access to funds. Many…
Source: Live Mint One of the most commonly used forms of borrowing is a personal loan. It is mostly preferred by borrowers who want instant access to funds without providing collateral. However, many other features of a personal loan make it very attractive among borrowers. What is a personal loan? A personal loan is an…
Source: Live Mint A personal loan may be a good financial tool when used judiciously. But in order to avoid interest payment, it is crucial that you repay your personal loan in an efficient manner. Let’s have a look at the strategies to enable you to reduce your total debt, and pay off your personal…
