The FinTech Hub
Source: Live Mint Renovating your house can be expensive, and a personal loan may be the cash you need to make it happen. Avoiding debt overload is critical, though: to do that, you need to use the loan responsibly. These handy tips will help you get the most out of a personal loan for house…
Source: Live Mint One of the most important factors while judging your financial credibility is that of your CIBIL score. However, your creditworthiness may suffer if your CIBIL report contains mistakes. This is a detailed guide to finding and fixing problems in your CIBIL report. What is CIBIL score? Your three-digit CIBIL score ranges from…
Source: Live Mint When you apply for a personal loan, the banks consider different factors to determine the interest rate chargeable. Some of these are related to broader factors, like the macro interest rate scenario in the economy and RBI norms. Some relate to your profession and personal factors, like your credit score, past repayment…
Source: Live Mint Financial freedom is extremely important in every individual’s life. Loans and credit cards are some of the popular options for people who are in need of quick cash to cover their finances for a while. However, both of these credit options have a mandatory application process which is first assessed by lenders…
Source: Live Mint Although it may seem like the easiest step towards being financially free, closing a credit card can have a major impact on your credit score. Even though it may seem as though you’re making things simple with your money, this decision could have unintended consequences. Before you close that credit account, let’s…
Source: Live Mint A personal loan may become a source of support at your time of need. On the other hand, ensure that you understand the terms and conditions surrounding the loan before committing yourself. Being informed helps you manage the process with confidence and make better decisions. Here are several things to note as…
Source: Live Mint Although applying for a personal loan might seem like a pretty big financial decision, having a co-borrower with you could make the process go easier. Let’s see how adding a co-borrower to your application would increase the chances of it getting approved and even possibly make the loan conditions better. Understanding personal…
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…
