The FinTech Hub
Source: Live Mint HDFC Bank offers personal loans at competitive interest rates for people who are looking for quick cash to cover their sudden expenses. The interest rates offered on your personal loan directly impacts your EMI repayments. A higher interest rate attracts a higher EMI for your loan repayment. If you are considering applying…
Source: Live Mint Personal loans are a popular choice for people looking for quick cash to cover their expenses temporarily. Personal loans have become more accessible than ever as digital lending has risen. However, it has also created an opportunity for fraudsters to prey upon people in need of money in a hurry. The number…
Source: Live Mint Personal loans are a popular choice for people who are in need of funds but do not own high net worth assets to provide as collateral. These loans offer quick disbursement and minimal paperwork. The interest rates offered in personal loans are generally higher than that of other loans available in the…
Source: Live Mint Credit inquiries are important to help you maintain your credit score to as high a number as possible. In India, there exist two distinct kinds of credit inquiries: Hard inquiries and Soft inquiries. Both are for different purposes and have varying implications on your credit score, personal loans interest rates and associated…
Source: Live Mint Personal loans are now looked upon as a simple and easy way of receiving money by aspirational borrowers. These instruments help in meeting all kinds of requirements such as: medical expenses, home building and construction, higher education etc. On similar lines, ICICI Bank, one of India’s leading private sector banks, has a…
Source: Live Mint Fintech firms have in recent years transformed lending in India with fast, convenient, and largely unsecured loans to crores of borrowers. Leading fintech companies such as Paytm, Cred, MoneyTap among others charge different interest rates depending on the profile, credit score, history of repayment etc., of borrowers. The below table gives a…
Source: Live Mint If you are a personal loan applicant, you are supposed to be aware of the latest guidelines which are in force. Early this year, Reserve Bank of India (RBI) released a circular with regards to equated periodic instalment based personal loans. RBI’s guidelines on ‘reset of floating interest rate on EMI based personal…
Source: Live Mint Personal loans are becoming increasingly popular in India as they are easily available and convenient. Prominent lending institutions such as: HDFC Bank, ICICI Bank, Kotak Bank, Bajaj Finance, CreditAccess Grameen among others are rapidly scaling up loan distribution services. Also Read | 10-minute personal loans: Fast money or a fast track to…
Source: Live Mint Personal loans are generally taken in India for satisfying one’s current financial needs, but do remember a higher rate of interest can increase repayment difficulties. Now, it is interesting to note that, even when you’ve taken a loan, there are certain methods which you can adopt so as to lower your personal…
Source: Live Mint The Indian stock market continues to remain volatile due to the ongoing geo-political issues such as: Trump’s tariff threat, Russia-Ukraine war, global inflation, high interest rates etc. All these issues have cumulatively resulted in India’s benchmark Nifty 50 index suffering a swift correction of more than 10% over the last six months….
