The FinTech Hub
Source: Live Mint In today’s fast-changing employment market, changing jobs very often opens up interesting new opportunities. However, these career changes might affect your financial plans, especially if you are looking for a personal loan. In most cases, lenders will pay much attention to the employment stability when considering a loan application. Here are some…
Source: Live Mint While availing a personal loan is typically a hassle-free process for salaried individuals given the regular nature of their income, self-employed persons have to go through the rigour of convincing the lender to get the same. Lenders require self-employed persons to have a minimum income, which can vary by location, and the…
Source: Live Mint Another component of our personal finance, where inflation leaves an impact is interest rates of personal loans. These interest rates fluctuate over time due to inflation and for the profit margin of the lenders along with maintaining purchasing power. Let us examine how personal loan interest rates are influenced by inflation and…
Source: Live Mint In case you fall short of money and urgently need it, one of the most feasible options is to raise a personal loan. There could be numerous reasons for raising it. For instance, you need some money to go on a vacation abroad, or you need it to consolidate your existing loans, or…
Source: Live Mint If you are planning to get a personal loan, one key factor to keep in mind is the interest rate. The interest rate is the cost of borrowing money, expressed as a percentage of the total amount of the loan. A low interest rate will signify a low cost of borrowing, whereas…
Source: Live Mint Taking a personal loan with the intention of investing can be both risky as well as profitable. Although personal loans are flexible and can be utilised for any purpose, using them for investments can be quite a gamble if you do not plan your moves thoroughly with the advice of financial experts. …
Source: Live Mint Personal loans are one of the most convenient tools to access emergency funds. They are mostly preferred by those who want funds immediately without providing collateral. When compared to a personal loan, an instant personal loan is an unsecured loan that provides quick access to funds. It is provided by lenders with…
Source: Live Mint While planning to get a personal loan, it is extremely important to be clear with your requirements and needs so that you only borrow the amount which you really require and avoid any unnecessary burden on your finances. EMI calculator is a useful tool which you can use to plan your personal…
Source: Live Mint If you are running low on funds, opting for a personal loan is typically feasible as well as rational. Borrowers tend to raise a personal loan for an array of purposes which include going on a vacation and buying an expensive item for your loved one. Besides these, one could raise personal loans for…
Source: Live Mint Personal loans have become a popular choice amongst people who want quick cash to meet their financial obligations or just need some extra funds for a celebration or a luxury vacation. With flexible eligibility criteria and minimum documentation, personal loans are a great choice if you want quick access to funds. Many…
