The FinTech Hub
Source: Live Mint Banks and non banking financial institutions in the country have witnessed a clear surge in demand for personal loans. Especially among young professionals and first time borrowers. Now with the Reserve Bank of India (RBI) tightening the regulations in 2024-25 to ensure responsible lending and credit management, understanding how much you can…
Source: Live Mint As the Indian financial landscape evolves the importance of a healthy credit profile and a high credit score for securing affordable personal loans have never been cleaner. It is crucial to acknowledge the fact that even marginal improvements in your credit score can result in substantial savings on interest payments, thus making…
Source: Live Mint Indian borrowers applying for a personal loan must typically submit proof of income. Salaried applicants usually provide recent salary slips and Form 16 (annual salary certificate), whereas self-employed borrowers show tax documents. In practice, salaried customers generally meet banks’ criteria with the latest payslips/Form 16, while self-employed applicants are expected to furnish…
Source: Live Mint Personal loans: At the time of borrowing a loan, it is vital for borrowers to ascertain the right EMI (equated monthly instalment). It is highly recommended, therefore, to use the personal loan EMI calculator. To be able to use it, one must first enter the three inputs which are loan amount, loan…
Source: Live Mint Personal loans can serve as a financial tool when used carefully. Qualification requirements can sometimes be sorely daunting, especially where one’s credit profile is referenced in some areas as distant or bad. Improving the eligibility for a personal loan increases the chances of being approved and improves the chances of favourable interest…
Source: Live Mint We live in an era where financial awareness, flexibility and agility are of paramount importance. Proper knowledge helps in securing a personal loan in a smooth manner. There are several unconventional methods that can be utilised to expedite the process of loan disbursement instead of the usual conventional ones such as applying…
Source: Live Mint Fast forward to modern India, where a digital version of this effect is taking shape. This time, it’s not scarlet robes but smartphones, kitchen renovations, weekend getaways, and online shopping sprees—all made seemingly affordable by Buy Now, Pay Later (BNPL) apps and instant small loans. These easy credit tools promise convenience and inclusion, especially…
Source: Live Mint When you apply for a loan, you are supposed to follow a long-drawn process that kicks off with background research and culminates into disbursal of money directly to your bank account. Everything else falls within this spectrum. Some applicants tend to get overwhelmed with the information available on public platforms. Meanwhile, one…
Source: Live Mint In a move to boost financial literacy in the country among retail borrowers, several leading banks, Non Banking Financial Companies (NBFCs) along with other financial institutions are now moving towards improving the process of foreclosure of personal loans. All borrowers who aspire to close their personal loan accounts before the end of…
Source: Live Mint A rising number of borrowers in the country are opting for personal loans, amid high consumption demand and rapidly evolving liquidity conditions. Even according to the latest sectoral deployment of bank credit report of April 2025 by RBI, loans to the personal segment that includes credit card dues, housing, education along with…
