The FinTech Hub
Source: Live Mint Pre-closing a personal loan with a prominent bank can result in long term savings on interest payments. Such a development hence can provide financial relief. Still, it is essential to clearly understand the process, associated charges, eligibility criteria along with other associated terms and conditions before proceeding. Basic eligibility for pre-closure Banks…
Source: Live Mint If you are planning to host a wedding and running out of money, you may consider taking a personal loan for the same. Although personal loans – being unsecured – carry a high rate of interest, they come handy during emergencies and other necessary events of life such as a wedding. However,…
Source: Live Mint In India, personal loans are one of the easiest ways to avail funds for urgent financial needs and aspirations. Be it a medical emergency, home renovation or a wedding all such life events require money for efficient management, that is why the importance of personal loans for borrowers cannot be underestimated. In…
Source: Live Mint When an applicant of a personal loan goes ahead with applying for this particular credit instrument in India, one of the key documentation requirements is the submission of bank statements. It is these statements that help lenders in assessing and understanding an applicant’s financial stability and repayment ability. Still, the specific duration…
Source: Live Mint Securing a ₹1 lakh personal loan in India hinges immensely on the strength of your credit profile and your present credit score. These are key indicators of your creditworthiness. Financial institutions and lending banks check this score to determine the risk associated with lending you credit. According to Mr Rohith Reji, Co-founder,…
Source: Live Mint If you are planning to raise a personal loan, one of the important decisions that you need to make is to decide about the quantum of monthly instalment which is also known as an EMI or equated monthly instalment. Higher the loan EMI, shorter the loan tenure. Conversely, smaller the EMI, longer…
Source: Live Mint ICICI Bank offers a seamless process for securing personal loans to meet diverse financial needs, such as education, surgeries, weddings, medical emergencies or home reconstruction. The bank provides loans of up to ₹50 lakh or more, with repayment tenures ranging from 12 to 72 months. The loan terms depend on several factors,…
Source: Live Mint Personal loans: At the time of applying for personal loans, it is important to check the interest rates charged by different banks – both state and private. On April 9, Reserve Bank of India (RBI) cut the repo rate by 25 basis points, thus incentivising banks to lower their interest rates on…
Source: Live Mint In India’s ever-evolving credit distribution landscape, personal loans have emerged as a strategic tool not just for meeting financial needs and aspirations such as health, education, medical expenses, home renovation, etc, but also for boosting and enhancing the creditworthiness of borrowers. When managed sensibly, personal loans can positively influence your credit score…
Source: Live Mint Bandhan Bank is providing customers with competitive and unique personal loan opportunities. These personal loan options help borrowers with meeting their immediate financial aspirations and requirements such as education, home renovation, medical emergencies, surgeries etc. Now, the bank provides flexible tenures, interest rates and repayment facilities on these loans so that borrowers…
