The FinTech Hub
Source: Live Mint Credit scores have now become the cornerstones of financial health in the country. Especially since the recent regulatory changes and developments mandating more frequent updates, closer checks, stricter scrutiny. Loan agents and financial institutions often focus on the headline numbers only still, there are critical details about your credit report that are…
Source: Live Mint Are you keeping track of multiple high-interest debts, EMIs or credit payments? Balancing multiple repayment schedules each month can be stressful and expensive. This is when personal loans help consolidate debt, and may come into play. But is it a short term solution or a good idea? Let’s break this down further….
Source: Live Mint Personal loan: It is not unusual to borrow loan and wanting to repay it before its tenure is about to conclude. It could happen when your salary increases during the loan tenure or there is a windfall of cash. There could also be other reasons such as switching of loan to another…
Source: Live Mint In a nation where personal loans are considered as a lifeline for millions of people, timely repayment is not just a financial obligation but a sincere responsibility, primarily to maintain efficient credit health. According to the guidelines of leading financial institutions and professionals, missing out on even a single monthly instalment (EMI)…
Source: Live Mint Personal loans are an important source of funds for a variety of things, which can include medical care, travel, home improvements, or helping family members. However, qualifying for a loan is only part of the overall picture of borrowing, especially for older folks. It’s really about thoughtful choices, preparation, and perspective. Also…
Source: Live Mint Think about a loan offer without applying for a loan? Does that sound strange? A pre-approved personal loan is exactly that, an offer from lending institutions such as a bank, or non-banking financial company (NBFC), that have estimated their eligibility based on their financial profile and credit rating. Let’s focus on everything…
Source: Live Mint When you apply for a personal loan you may be offered more than just the assured loan amount. Financial institutions often use this opportunity to cross sell several other financial products such as credit cards, insurance policies or top up loans. While these offers may seem convenient and appealing, still on your…
Source: Live Mint If you are planning to raise a personal loan, there are a dozen options. You can fill out a form to get a loan approval from a bank, check if you have a pre-approval or not. Alternatively, you can reach out to a fintech platform for the loan. It is not an…
Source: Live Mint With a myriad personal loan options to choose from, taking a loan is easier than it appears. There are several reasons for relying on a personal loan. Sometimes it could be for an emergency while on other occasions, one could take a loan for discretionary reasons such as buying a luxury or…
Source: Live Mint In emergencies, expected needs, or life changing events, a personal loan can be a lifesaver. The real challenge is having a plan to track repayments efficiently and on time, after you receive your money. Poor personal loan management can lead to financial stress accumulation, credit score drops, and growing debt. Here are…
