The FinTech Hub
Source: Live Mint A personal loan is an unsecured loan given to meet immediate financial needs of people. Lately, it is quite common for banks to offer instant loans in this category. These instant loans are given to meet urgent financial assistance. There could be a number of reasons for which an instant personal loan is…
Source: Live Mint Applying for a personal loan can be a crucial financial decision, offering you the necessary funds for various needs—be it education, medical emergencies, or home renovations. However, before diving into the application process, it’s essential to consider several factors to ensure you make an informed choice. Here are five critical aspects you…
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 Whenever you fall short of funds, you are recommended to raise a loan from a bank or a financial institution. A loan is typically divided into two broad categories i.e., secured and unsecured. A secured loan is given against a collateral i.e., an asset, whereas an unsecured loan is given without 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 When you want to raise a personal loan for an immediate need, there are a number of banks and non-banking financial institutions (NBFC) which you can approach. But have you ever wondered what the monthly instalment will be that you need to pay to service the loan? For this, you need to…
Source: Live Mint When you are in need of money, what can you do? Borrow from someone or approach a bank or a financial institution. Among various types of loans, one can seek a personal loan from a bank or a financial institution. For the uninitiated, a personal loan is an unsecured loan that borrowers…
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 Financial emergencies—such as unexpected job loss, urgent travel needs, or critical household repairs—can quickly deplete your savings and investments, especially if you lack a contingency fund. When you find yourself in a situation where your emergency fund falls short, a personal loan may be a viable solution. With their easy availability and…
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…
