The FinTech Hub
Source: Live Mint If you are planning to raise a personal loan then the bank would invariably ask you to submit several documents (unless it is a pre-approved loan) such as your salary slips, your bank statement and Aadhaar card, PAN, among others. Notably, if your documents indicate financial liquidity, the bank may even offer…
Source: Live Mint Raising a loan is not unusual anymore, particularly for salaried people, in today’s time and age. If you fall short of money while you are planning to go on a vacation or to buy jewellery, you can raise a personal loan. Additionally, if you need money to repay your current debt, you…
Source: Live Mint Raising an instant personal loan is not uncommon anymore among middle-class salaried people. Be it a financial emergency, going on a holiday or buying a luxury item, people have no qualms about borrowing money to meet their requirements as soon as they arise. Being an unsecured loan, a personal loan does not…
Source: Live Mint Fintech is transforming the instant loan sector by capitalising on technology and thereby making the lending process faster, more efficient and more accessible to a broader audience. Thanks to the growing prevalence of technology, there are a dime-a-dozen platforms which disburse personal loans to borrowers in as quick as 10 minutes. The…
Source: Live Mint Do you have an offer to port your current personal loan from one bank to another? If yes, it is vital that you do your calculation incisively and take a well-deliberated decision after factoring in all the costs such as the processing fee and total savings which accrue on account of porting. Let us…
Source: Live Mint Personal loans provide you with a great choice of getting instant cash if you are in an emergency or if you have an event coming up and need extra funds to cover your expenses. These loans provide you with quick loan disbursement and can be availed for flexible repayment. If you are…
Source: Live Mint A credit score of 800 or higher opens up options that go far beyond getting credit cards or loans, making it more than just a sign of sound financial management. While it is true that a high credit score certainly makes it possible to acquire advantageous lending conditions and reduced interest rates,…
Source: Live Mint If you are planning to raise a personal loan, you may use a personal loan EMI calculator to ascertain the exact EMI you stand to pay across different interest rates. If you are short on money and do not have many options, it is advisable to check your personal loan eligibility. Typically,…
Source: Live Mint Personal loans are one of the most popular forms of credit which are opted by people if they are in need of quick cash and want to cover their financial needs temporarily. Personal loans offer instant loan disbursement and flexible repayment period which becomes a great choice if you are in an…
Source: Live Mint Have you heard anything about FOIR (Fixed obligation to income ratio)? If you haven’t, it is better to understand it as it plays a crucial role in getting your personal loan. Simply put, FOIR is nothing but the debt-to-income ratio of an individual. FOIR is determined by a formula that aggregates the…
