The FinTech Hub
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,…
Source: Live Mint If you are planning to raise a personal loan, it is vital to ensure your finances are in order. For that, you are supposed to keep your monthly debt obligation within your budget. A slightly lower interest rate can bring down your EMI considerably. Alternatively, if you borrow a lower amount, your…
Source: Live Mint For any financial emergency or any other purpose, you can rely on personal loans. They are quick and easy to get, provided you meet the eligibility criteria. They are collateral-free. You don’t need to tell the bank or NBFC the purpose for which you will be using the personal loan money. The…
Source: Live Mint Big decisions in life, like moving to a house, buying a car, or starting your own business, are not easy and require careful planning and investment. In times when we run out of funds to make these decisions, there is always an option to access credit via tools like personal loans. This…
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…
Source: Live Mint When you apply for a personal loan, you need to consider several factors, including comparing the interest rates and processing charges of different banks and, importantly, computing the monthly instalment using a personal loan EMI calculator. The three factors mentioned above can help you land the best deal as you raise a…
Source: Live Mint Your time is invaluable, and calculating your personal loan’s EMI shouldn’t consume it. Say goodbye to lengthy calculations and embrace the convenience of an EMI calculator. But what exactly is an EMI calculator? It’s an online tool designed to help you calculate your Equated Monthly Instalment (EMI) quickly and accurately. How does…
Source: Live Mint Are you dreaming of visiting your favourite country but finding yourself short on funds? Or perhaps you’re eyeing a luxury gift or need quick cash for miscellaneous expenses? A personal loan might be the solution you’re looking for! While personal loans are a popular choice for many, it’s crucial to understand whether…
Source: Live Mint Are you tired of spending hours calculating EMIs for your personal loans? It’s time to simplify this tedious task with an EMI calculator! With just one tap, you can access all the details you need. But what exactly is an EMI calculator? What is an EMI calculator? An EMI calculator is an…
Source: Live Mint One can find himself in a dire need of money any time. There could be an important family function ahead, a vacation that you can’t afford to postpone, a set of loans to consolidate in the immediate future, or a luxury item to buy important in the near future. For any of…
