The FinTech Hub
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,…
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…
