How to Identify a Fake Loan App?

With the proliferation of lending apps, you may be able to borrow money with a few taps. However, the problem is separating genuine loan apps from fake apps. Borrowing through a fake app can subject you to hidden charges, high interest rates, data theft, and possibly blackmail, harassment, and extortion. To safeguard borrower interest and… Continue Reading

How the Reserve Bank Has Hit Back at P2P Lending?

The Reserve Bank has recently made life difficult for the Peer-to-Peer lending ecosystem. In a recent update to P2P lending platform directions on August 16, 2024, the Reserve Bank clarified and expanded upon its previous directions. Before we discuss the tightening by the RBI, let’s take a step back and see how this space has… Continue Reading

Use Your Top-up Home Loan Wisely

You need to pay your daughter’s college fee of Rs 15 lacs in the coming month. You are wary of visiting the bank branch multiple times for getting an education loan sanctioned. You took a home loan 5 years back. You get a call from your bank that you are eligible for a top-up home… Continue Reading

How Fintech Loans Can Deceive You

I will give you Rs 1 lacs. You have to pay me 5% interest. Sounds like a good deal? I will add a few caveats. You must pay 5% interest upfront. Pay off the loan in 3 equal monthly installments of Rs 33,333 each. Is this a joke? No, it is not. This is the… Continue Reading