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5 things to know before taking loan against mutual fund portfolio | Mint Primer

‘Mutual fund sahi hai.’ Undoubtedly mutual funds are one of the best investment tools for anyone looking to grow their money. A mutual fund allows you to start your investment journey without much expertise and with an amount as low as ₹100. Various loan providers give loans against mutual fund investments to fulfill your money needs while growing your money. You can get a loan against the mutual fund by keeping your mutual fund units collateral with the loan provider. It also allows retaining all the returns and dividends on your investment. Let's understand the eligibility, process, loan limits, and interest rates on the loan against the mutual fund portfolio before applying for the loan. #mutualfunds #takingloans #mutualfundportfolio #mint Subscribe Now For Latest Updates- https://tinyurl.com/lbw8nze

15 Dec 2022
Videos

6 key things to remember before applying for a loan via a digital lending app | Mint Primer

Raising a tiny amount of loan via a mobile application is nothing short of overly convenient, but is sadly riddled with a set of risks. Early this year, a Reserve Bank of India (RBI) working group discovered that nearly 600 of the 1,100 mobile applications on various stores— Android and Apple — were illegal. Let us explain six points to consider before taking out a loan from an online app in this video. #digitallending #loan #finance #mint Subscribe Now For Latest Updates- https://tinyurl.com/lbw8nze

22 Nov 2022
Videos

India needs a shake-up in digital lending | Mint Primer

Digital lending has concerns like engagement of third parties, data privacy breach, unfair business behaviour, unethical recovery tactics, etc. The RBI indicated that these needed to be reduced because they were disrupting consumer trust, and for that reason, they have come up with new rules.

9 Sep 2022
News

Formal credit gap driving fintech credit growth

Fintech lending platforms have grown over the last few years and are fast reaching unbanked consumers in low-income countries, a new study finds

1 min read15 Sep 2020
Companies

App lenders scar young debtors

The amount of data being harnessed by such lenders may have wider implications for data security, say analysts

3 min read15 Sep 2020
Opinion

Opinion | The future of digital lending

The onus to educate a borrower on where the loan is originating from, the outstanding amount and the repayment date will always lie with lenders. RBI's recent regulation on non-lending fintech platforms is a right step in this direction

4 min read13 Aug 2020
Companies

Virus-hit digital lending startups and NBFCs seek buyers

Smaller lenders have been finding it tough to procure capital as uncertainty on the extension of the moratorium growsNon-lenders such as edtech and healthtech startups might look at acquiring smaller lenders, say analysts

2 min read21 Jul 2020
Industry

Risk-averse digital lenders focus on existing borrowers

Digital lending startups are helping existing customers such as MSMEs with emergency credit line to restart operationsFor MoneyTap, new loan approvals are down by half as it tightened rules on acquiring new customers

1 min read15 Jul 2020
Industry

Digital lenders struggle to cope with slowdown induced by virus

Digital lenders are seeking guidelines for full digitization and allowing eKYC and eSign mandateseKYC was suspended for NBFCs as the SC had ruled that private firms cannot force anyone to share Aadhaar data for KYC authentication

1 min read6 May 2020
Companies

Digital literacy, tech competence will be a way of life: Ronnie Screwvala

Education is evolving from a backward looking information-based pedagogy to a forward looking skill-based methodology

2 min read16 Dec 2019
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Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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