Loan seems cheap? Check interest outgo
While most loans today are offered on a reducing balance basis, some fintech players offer short-term personal loans on a fixed rate basis. Borrowers must be aware of what they are getting into before locking into the loan.
Loan seems cheap? Check interest outgo
You are scouting for the cheapest loan for your Diwali shopping and come across a lender offering rates much lower than others. You quickly calculate the Equated Monthly Installment (EMI) and decide it is the best option for you. But before you thank your stars check what will be the interest outgo during the whole tenure of the loan.
From wellness to travel, take loan for any purpose
Traditionally, personal loans have been used for holiday funding, paying fees, medical emergency or even debt consolidation. But today intermediaries are working jointly with merchants to offer loans for specific needs.
LoanTap raises around Rs 26 crore for business expansion
LoanTap Financial Technologies today said it has raised USD 4 million (about Rs 26 crore) in second round of funding, which will be invested in software and expand its footprint in tier 2 and 3 cities. "LoanTap Financial Technologies, an online personal loan company with in-house NBFC, has announced closing of its second round funding at USD 4 million," the company said in a statement.
