The FinTech Hub
Source: Live Mint If you are planning to take a personal loan and still not sure about the optimum tenure and the EMI that you should opt for – it is recommended to fiddle with the personal loan EMI calculator. It is an easy-to-use tool which shows the exact amount that you need to shell out every…
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 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 If you are planning to take a personal loan, it is important that you keep a few aspects in mind before you start with your application process. You must also note that personal loans offer you funds at a much higher interest rate as compared to other loans available in the market….
Source: Live Mint Being in a financial crisis is pretty normal for any of us at any time. And if that happens – which the god may forbid – what can you do to come out of the crisis? Either you take a bank overdraft, borrow from a friend or else – raise a personal loan….
Source: Live Mint Are you short of funds and exploring different ways of raising money? There are multiple ways to do so such as personal loan, instant loan, credit card loan and loan against an asset such as gold or securities. Each of these sources have their own set of advantages and disadvantages. For instance,…
Source: Live Mint When you raise a personal loan, the first thing you want to do is to find out your equated monthly instalment or EMI. This can be computed with the help of a personal loan EMI calculator. Let us understand how this works. An EMI calculator ascertains the monthly instalment on the basis…
Source: Live Mint If you have recently taken a personal loan at a fixed rate of interest, you must find out the instalment that you need to pay every month. It’s recommended to use a personal loan EMI calculator to determine the exact monthly payment. For those who are unaware, a personal loan EMI hinges…
Source: Live Mint If you are planning to raise a personal loan for any amount then remember that your equated monthly instalment (or EMI) is contingent on two factors i.e., time duration and rate of interest. Among these two factors, amount of EMI is directly proportional to the rate of interest that the bank charges,…
Source: Live Mint When you apply for a personal loan, the bank or NBFC considers various factors for loan approval. Some of these include your age, monthly income, credit score, profession, debt-to-income (DTI) ratio, etc. The DTI ratio is an important factor for deciding on loan eligibility, amount, etc. So, what is the DTI ratio,…
