The FinTech Hub
Source: Live Mint Are you planning to go on a vacation by taking out a personal loan? This is obviously not a good idea. A personal loan is an unsecured loan which levies a high rate of interest from borrowers. To avoid falling into a debt trap, one should refrain from taking out loans for such purposes as…
Source: Live Mint If you possess one or more credit cards and you have an urgent financial requirement to meet, then you can ideally choose one of the two options: either you can raise a loan, or you can make the payment through a credit card. If you are in a dilemma as to which option to…
Source: Live Mint Your credit score, in the contemporary financial world, is more than just a number but is the defining factor of how your financial life will be in the future. While a high credit score often translates to loan conditions that may be better or even interest rates that are cheaper, a poor…
Source: Live Mint The interest rates on Mudra loans are something prospective entrepreneurs and small company owners must understand when applying for financial support under the Pradhan Mantri Mudra Yojana (PMMY). Let’s discuss the factors that determine Mudra loan interest rates and how borrowers can bargain for the best terms. Pradhan Mantri Mudra Yojana The…
Source: Live Mint Borrowing money i.e., personal loan through digital applications can expose aspirational borrowers to various risks. These include high interest rates, hidden facts, aggressive recollection practices, cheating, harassment of all forms etc. Many borrowers generally don’t fully understand the terms and conditions of their personal loans, leading to the possibility of exploitation by…
Source: Live Mint It can be a smart financial decision to repay a personal loan early for saving interest costs and obtaining the independence of debt earlier. Here we will take you through the foreclosure procedure in case you have an Axis Bank personal loan and think about it. It will make this process simple…
Source: Live Mint Bankruptcy is a consequence of financial distresses like job losses, business losses, loss of wealth. Bankruptcy impacts one’s credit score immensely, generally the credit score also drops by 100-200 points or even more depending on case to case basis. What happens after bankruptcy? The bankruptcy record once it is marked stays on…
Source: Live Mint UPI enabled credit cards are rapidly evolving the financial inclusion landscape in India. This is getting possible by combining convenience of UPI services with the benefits of seamless credit availability. According to Kiwi’s 2024 credit card trends report, these cards account for an average of about 40 monthly transactions per user. Now…
Source: Live Mint If you currently have a personal loan request pending and are unable to raise the required amount, then it could be either because your credit score or your income is too low that you failed to convince the bank’s credit department. So, what could be the alternative in this case? You could raise your…
Source: Live Mint There could be a number of reasons to raise a personal loan. It could be an emergency or to buy a luxury item or even to pay for home renovation. Although there are some people who go to the extent of taking out a loan for travel or luxury – such practices are best to…
