The FinTech Hub
Source: Live Mint Three key aspects including technological progress together with changes in economic conditions and shifting consumer habits drive fundamental changes in personal lending practices. Personal loans will become simpler to acquire by 2025 while also becoming more efficient and will adapt based on individual consumer needs. This article evaluates the primary factors that…
Source: Live Mint If you have raised a personal loan and are still struggling to decide the tenure in which you need to repay the loan, then you should use a personal loan EMI calculator. So, what is a personal loan EMI calculator? It is an online tool that helps you find out the actual…
Source: Live Mint If you are taking a personal loan, all you are worried about is its repayment. It is vital to remember that a personal loan’s EMI hinges on two key factors: loan tenure and rate of interest. These two factors determine the loan EMI in the following ways: Rate of interest: The higher…
Source: Live Mint A personal loan is a convenient and quicker way to fund diverse financial requirements. Borrowers who require urgent funds without collateral often opt for a personal loan. However, some may borrow more than they can repay in the future, leading to a debt cycle or loan leveraging. What is loan overleveraging? Loan…
Source: Live Mint When you take out a personal loan, one of the most important considerations is to check the monthly instalment to pay off your debt. In case you are wondering how you can lower your equated monthly instalment (EMI), you can use the personal loan EMI calculator to tweak your monthly instalment. You…
Source: Live Mint If you are planning to raise a personal loan and find the current monthly instalment too high for your comfort, you can work towards reducing it. This requires proper planning and some calculation before you jump the gun. The most effective way to do it is to use the personal loan EMI…
Source: Live Mint Are you planning to raise a personal loan and still in a dilemma over which bank to opt for? Loan borrowers typically make a decision based on the rate of interest charged by the bank. So, a loan applicant is likely to choose a bank which charges a lower rate of interest than…
Source: Live Mint Are you planning to raise a personal loan and struggling to streamline your finances at the same time? Are you unsure as to how much tenure you should opt for to make a commitment for an EMI that you can afford to pay. Well, you are not alone in this dilemma. In…
Source: Live Mint If you are planning to raise a personal loan, you must have already decided the amount that you need. This would naturally be based on your requirement. Meanwhile, the rate of interest at which the loan is disbursed is determined by the bank based on your credit score, among other factors. What…
Source: Live Mint Do you have an offer to port your current personal loan from one bank to another? If yes, it is vital that you do your calculation incisively and take a well-deliberated decision after factoring in all the costs such as the processing fee and total savings which accrue on account of porting. Let us…
