The FinTech Hub
Source: Live Mint A sudden drop in your credit score can be a shock, especially when you do not know why this has occurred. For borrowers in India, a good credit score is the key to taking personal loans and credit cards at the minimum rate of interest possible. That is why knowing about your…
Source: Live Mint An individual has to fulfil the various eligibility criteria of the bank to get a personal loan. These include a good credit score, a steady career, a stable income source, a lower debt-to-income (DTI) ratio, etc. If the borrower doesn’t fulfil any of the eligibility criteria, the bank may ask the borrower…
Source: Live Mint Your financial stability returns when you use appropriate methods to eliminate credit card debt that creates problems. Loan consolidation remains a smart financial approach which helps customers both accelerate their payments and decrease interest costs. The procedures needed for effective credit card debt consolidation are detailed in the guide. 1. Establish a…
Source: Live Mint In today’s technology driven rapidly evolving times, an integral part of handling your money is knowing how your personal loan application is coming along. HDFC Bank being a leading Indian financial institution, helps in facilitating the same in seamless fashion. There are simple means of seeing the status of your personal loan…
Source: Live Mint Efficient money management necessitates making correct loan selections. EMIs available through credit cards and personal loans allow users to pay over time conditions for urgent or intentional financial requirements. Long-term economic efficiency questions which payment option would be best in the end. The following analysis identifies whether personal loans and credit card…
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 Personal loans are now looked upon as a simple and easy way of receiving money by aspirational borrowers. These instruments help in meeting all kinds of requirements such as: medical expenses, home building and construction, higher education etc. On similar lines, ICICI Bank, one of India’s leading private sector banks, has a…
Source: Live Mint Fintech firms have in recent years transformed lending in India with fast, convenient, and largely unsecured loans to crores of borrowers. Leading fintech companies such as Paytm, Cred, MoneyTap among others charge different interest rates depending on the profile, credit score, history of repayment etc., of borrowers. The below table gives a…
Source: Live Mint Medical emergencies beyond expectation often make patients unable to cover their high treatment costs. A medical loan stands as a crucial instrument to help people in such situations. This article explains medical loans including their operational mechanism and benefits and necessary considerations before applications and step-by-step application steps. Understanding medical loans One…
Source: Live Mint EMI-free loans seem unrealistically appealing because businesses widely advertise easy financing and hassle-free loan opportunities in today’s market. Everyone would choose to borrow money under these circumstances since there are no monthly payment obligations. The appeal of this offering seems perfect but reality shows something else. The primary purpose of presenting free…
