The FinTech Hub
Source: Live Mint People in the middle class struggle with financial needs that outstrip what their available funds can cover while dealing with medical crises along with major expenses including weddings or higher education. A personal loan serves as an ideal solution when urgent financial requirements exceed available funds. Users need to understand all the…
Source: Live Mint Can you get tax benefits for personal loans? While personal loans, unlike home loans, do not outright qualify for tax benefits, if you use it for home construction, purchase or renovation, you can claim deductions on the interest paid. Similarly, you can get tax benefits on the interest paid on personal loans…
Source: Live Mint Are you in urgent need of funds but the quantum is not large enough to go for a big-ticket loan? A small personal loan offered by banks and NBFCs (Non-banking finance companies) to cover small but unforeseen expenses can be quite helpful in such circumstances. You can borrow as low as ₹50000…
Source: Live Mint Personal loan is an advance given to someone in need i.e., needs money urgently. This is an unsecured form of borrowing which can be used for an array of purposes which include, but not limited to, emergencies, higher education, business, vacation, wedding, luxury and home renovation. Aside from these purposes, personal loans can also…
Source: Live Mint Small-ticket single loans, that are less than ₹10,000, are reporting increased defaults compared to large loans, and it is causing anxiety to money lenders. It is impacting the borrowers of urban as well as rural small locations. It is imperative for borrowers as well as lenders to find out why these kinds…
Source: Live Mint Economic success and creation of new jobs alongside innovation and growth stems from micro small and medium-sized enterprises (MSMEs). Securing finance has always proven challenging due to the necessity of collateral. The program creates an opportunity for MSMEs to acquire loans worth up to ₹1 crore without requiring any security pledges. This…
Source: Live Mint Life’s most consequential change of status brings extensive social transformations and emotional impacts which also affect your financial situation. Joint financial decisions made with your spouse will impact both your creditworthiness regardless of how marital union does not immediately merge credit scores. Knowledge about how marriage impacts your credit can assist you…
Source: Live Mint Did you check your credit score recently to realise that your credit score is abysmally low or lower than your expectations? The common reasons for a low credit score could be missed EMI or credit card payments, defaulting on loans, high credit utilisation ratio and multiple loan applications (hard inquiries). It is…
Source: Live Mint If you have raised a personal loan and are still struggling to decide the tenure in which you need to repay the loan, then you should use a personal loan EMI calculator. So, what is a personal loan EMI calculator? It is an online tool that helps you find out the actual…
Source: Live Mint A loan is generally needed for living a better life and meeting immediate requirements such as education, health, home purchases etc. Hence, if you are considering an HDFC Bank personal loan here’s a comprehensive guide: What is an HDFC bank Xpress personal loan? This is an unsecured loan. That is why you…
