A low CIBIL score due to loan defaults can significantly limit your access to personal loans. By exploring alternative lenders and strategies, you can still secure financing. You can also explore PayMe’s Credit Assist facility to improve your CIBIL score…
Have you ever held onto something just because you’ve already invested time, money, or effort into it, even if it wasn’t making sense anymore? If yes, then you’ve encountered the concept of sunk costs. In this blog, we’ll break down…
The Global Fintech Festival was held from September 5th to 7th, 2023, in Mumbai. It is one of the world’s largest fintech conferences. This event is a collaborative effort between key organizations such as the National Payments Corporation of India…
The Repo Rate is the interest rate at which the central bank lends money to commercial banks with the idea of regulating credit availability. While the reverse repo rate is the rate at which a commercial bank lends funds to…
Pre-payment penalties are implemented by lenders to minimize the financial risks that can be associated with early loan repayment. While pre-paying a loan can seem like a responsible financial move, it’s crucial to be aware of potential obstacles, such as…
An overdraft is a situation that occurs when even though there aren’t enough funds in a person’s account still, they are able to make a transaction or withdraw money. It is a short-term lending solution provided by a financial institution,…
Post Covid-19 pandemic, unsecured, or online personal loans have seen a drastic growth of around four times the bank’s credit. Several factors have fueled the borrowing in India. First, you can borrow personal loans online, but they are also…