The FinTech Hub
Source: Live Mint Personal loans: The Reserve Bank of India (RBI) issued directions on digital lending on May 8 which – among other things – address the issues relating to multiple lenders. It is quite common for loan service providers (LSPs) to partner with banks and NBFCs (non banking financial companies) and roll out digital…
Source: Live Mint DCB Bank continues to provide customised personal loan solutions to help both salaried and self employed borrowers, meet their financial needs. Whether it is for medical expenses, home renovation, travel or other day to day expenses. To meet the same expectations, a ₹2.5 lakh personal loan from DCB Bank can be availed…
Source: Live Mint As personal loans are becoming increasingly accessible for individuals in India to meet financial needs such as medical expenses, education, home renovation etc, in light of the same, it becomes prudent for aspirational borrowers to make well considered and informed decisions. Hence, before committing to a loan, consider these five essential questions…
Source: Live Mint Personal loans: If you are planning to raise a personal loan, one of the first things you are supposed to do is to compute your monthly instalment, or equated monthly instalment (EMI). This can be done seamlessly by using a personal loan EMI calculator which is provided by most banks for free….
Source: Live Mint Pre-closing a personal loan with a prominent bank can result in long term savings on interest payments. Such a development hence can provide financial relief. Still, it is essential to clearly understand the process, associated charges, eligibility criteria along with other associated terms and conditions before proceeding. Basic eligibility for pre-closure Banks…
Source: Live Mint If you are planning to host a wedding and running out of money, you may consider taking a personal loan for the same. Although personal loans – being unsecured – carry a high rate of interest, they come handy during emergencies and other necessary events of life such as a wedding. However,…
Source: Live Mint In India, personal loans are one of the easiest ways to avail funds for urgent financial needs and aspirations. Be it a medical emergency, home renovation or a wedding all such life events require money for efficient management, that is why the importance of personal loans for borrowers cannot be underestimated. In…
Source: Live Mint When an applicant of a personal loan goes ahead with applying for this particular credit instrument in India, one of the key documentation requirements is the submission of bank statements. It is these statements that help lenders in assessing and understanding an applicant’s financial stability and repayment ability. Still, the specific duration…
Source: Live Mint Permanent Account Number, or PAN, is an identification number that provides lenders with a complete image of the credit pattern. It helps monitor the monetary transactions of citizens and curbs all those transactions that happen outside of the legal framework. It is vital to link the PAN card number with all the…
Source: Live Mint Securing a ₹1 lakh personal loan in India hinges immensely on the strength of your credit profile and your present credit score. These are key indicators of your creditworthiness. Financial institutions and lending banks check this score to determine the risk associated with lending you credit. According to Mr Rohith Reji, Co-founder,…
