How AI Is Transforming Lending in Fintech

By: Gopal Agarwal

Not long ago, getting a personal loan meant weeks of paperwork, a single credit score deciding your fate, and a lot of waiting. That process is being rebuilt from...

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EMI Calculator: EMI Calculation in Excel

By: Gopal Agarwal

Excel can estimate a fixed monthly loan payment with the PMT function. Use consistent units for the interest rate and repayment term. Set up the inputs B1: loan amount,...

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What Higher RBI Risk Weights Mean for Borrowers

By: Gopal Agarwal

The Reserve Bank of India (RBI) has increased risk weights for consumer loans, credit cards, and lending to non-banking finance companies (NBFCs). This increase in risk weights could mean higher interest...

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Decoding the World of Used Car Finance: Your Ultimate Guide

By: Gopal Agarwal

In today’s fast-paced world, owning a car has become a necessity for many individuals. However, the price of brand new vehicles can often be daunting. That’s where used car...

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Car Loan: Pros and Cons of Financing a Car

By: Gopal Agarwal

Purchasing a car is a significant financial decision that requires careful consideration. When it comes to buying a car, many people opt for car loans as a way to...

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HDFC Bank MCLR Update: 2023 Archive

By: Gopal Agarwal

HDFC Bank has increased the benchmark marginal cost of funds-based lending rates (MCLR) by up to 15 basis points on select tenures. The new rates are effective from July...

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Should you buy or hire a car ? Think twice before taking a car loan

By: Aditya Agarwal

When it comes to transportation, there are several options available to individuals. Some people prefer to use public transportation, while others prefer to own a car. For those who...

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Preparing for an Education Loan

By: Gopal Agarwal

Before applying for an education loan, organise the expected cost of study and the documents needed for lender assessment. Prepare a study budget List tuition, accommodation and other necessary...

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