According to the recent reports, for the growth of the FinTech industry, the collaboration between FinTech startups and traditional financial institutions is necessary. In fact, 75% of FinTech companies believe that their major objective is to collaborate with traditional firms. Now, this makes it important for both FinTech and traditional firms to transform to let .
A paperless loan is a digital personal loan. It is a type of digital transaction in which the lender gives the personal loan to the borrower after checking certain documents and eligibility criteria. Everything from deciding the loan amount to EMIs is carried out online, and the approval process of this online paperless loan does .
Planning your dream wedding is not only about the perfect outfit or a beautiful venue but also about the details such as getting the decorations right and buying the jewellery of your choice. However, what if you don’t have enough funds to sponsor this dream wedding? You start digging into your savings and keep exhausting .
A CIBIL score is a 3-digit number one will have to consider before applying for any loan, be it a home loan or a personal loan. CIBIL stands for Credit Information Bureau India Limited, which signifies the creditworthiness of a person who is applying for the loan. CIBIL gathers and manages the credit information of .
FinTech has been quite a buzzword in the Indian financial space for the last few years. Because of its vast potential to disrupt the current and traditional banking system, the FinTech space is now gaining traction in the areas of lending, asset management, deposits, and credit system. Not just that, the present-day FinTech companies are .
Credit cards are simplifying monetary transactions in India. These cards are a revolving line of credit that allows the user to incur expenses up to the specified credit limit and repay the amount at a later date. If used correctly, credit cards can be a powerful financial tool that helps build creditworthiness. However, millennials today .
Digitization is transforming every aspect of financial transactions. Going cashless has taken priority, ever since India’s latest demonetization phase. But with cutting-edge innovations and strategic use of technology, now paperless agreements are on the rise. By definition, paperless lending is the exchange of funds without the need to provide physical documents. Especially within the .
A personal loan is acquired to meet certain immediate money requirements. This loan type is unsecured as it does not involve keeping a property collateral and the bank will only keep signed cheques by the borrower. Personal loan interest rates are usually high when compared to other loans such as a home loan. There are .
Do you have more than one credit card? Are you worried that it might affect your credit score? Although credit cards are an amazing option for people who can maintain it, there is still a lot of confusion around this topic. Some people apply for multiple credit cards because someone they know talks highly of .
A personal line of credit is a flexible monetary option that allows you to borrow the number of funds that you need, whenever you need it. It is a pool of money that is released at once but can be borrowed in parts based on requirement. A credit line addresses short-term needs and immediate liquidity .