The FinTech Hub
Source: Live Mint Modern digital times provide the simplest approach to handle personal loans online. Most lending institutions let their customers view loan information through internet portals or mobile applications enabling efficient payments together with budget tracking. This evaluates the benefits of online loan tracking functions while providing key management approaches for accurate payment control….
Source: Live Mint If you are planning to apply for a personal loan in 2025, remember that you need to plan things well in advance. From checking your credit score to carrying out proper research on the lender – everything plays an important role. Then there are numerous nuances linked to it. For example, what if…
Source: Live Mint In today’s digital age, small personal loans are a very popular source of finance for people who want money at a short interval of time. Simple online processes and fewer documents are helping these loans revolutionise borrowing money. What are small personal loans? Small personal loans offer instant approval with minimal paperwork….
Source: Live Mint A personal loan is quite different from other variants of loans. Unlike other loans such as a house loan or a car loan, a personal loan is an unsecured loan. Rate of interest charged on personal loan is usually higher than that of other loans and it does not require a collateral from…
Source: Live Mint Usually when a personal loan is disbursed, the loan seeker is free to use the money for anything s/he wishes to. Unlike home loan repayment, personal loan borrowers are not given any income tax benefit. However, this rule is subject to certain exceptions. One can claim income tax benefits on interest paid when the…
Source: Live Mint These days, personal loans are one of the easiest loans to get. With a wider adoption of digitisation, you can apply for a personal loan and get the amount disbursed on the same day. Pre-approved personal loan offers make the application and disbursement process quick. However, when personal loans are available easily,…
Source: Live Mint While personal loans are being made easily accessible in India, they are a solution in waiting for money to fulfill all possible needs, be it a health issue or weddings. Their easy availability might be concealing some serious threats. Five things worth considering before availing a personal loan are listed below: Personal…
Source: Live Mint No matter how carefully a person plans their loan repayments, sudden financial emergencies can still arise. Current loan borrowers who require assistance can resolve their situation through loan restructuring to restructure terms into more sustainable payment periods. Understanding loan restructuring gives debtors better debt management tools to avoid default. What is loan…
Source: Live Mint In case of a sudden medical expenditure, Indians take a loan generally to bridge the gap. However, between a medical loan and a personal loan, do you opt for one over the other? Read ahead for both of them to choose wisely: Medical loans: They are meant for medical expenses Medical loans…
Source: Live Mint With the speed of finance today, monitoring your credit health like an eagle has never been more important. For Indian consumers, where credit access is becoming a necessity for everything from home loans to personal loans, frequent credit report updates are no longer a luxury, they are a must. Hence, understanding how…
