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  As of December 2021, India’s Consumer Price Index was 166, up nearly 66% since 2012. This means that inflation is on the rise in In dia. In such a scenario, what to do if you need to buy luxury items in particular? You may think of using your savings or your entire monthly salary. However, there are better ideas than that because it might result in a liquidity crunch. Instead, you can apply for a consumer loan on a fintech loan app and pay it off gradually in EMIs. What are its benefits? Here's a look.  Speedy Application and Disbursal It's a breeze to apply for a consumer loan online. You need to follow these steps:  Download the chosen fintech loan app on your iOS or Android device. Create your profile and upload all the required details.  Choose "Get Loan". Select the needed loan type and amount. Wait for your details to be verified and your loan request to be approved. The loan amount will be credited to your linked bank account right away.  Thus, y...

The rate of inflation in the Indian education sector spiked up from 0.63% to 4.12% between April 2021 and April 2022. This primarily happened as educational institutions reopened across India. As education costs keep rising, it is not unexpected for many students to opt for study loans to take care of their future. It is a wise way to fund your higher studies, more so if you wish to pursue it abroad since the living cost in most countries is higher than that in India.  New-age fintech lenders are offering online loans for this purpose. However, before you consider borrowing one, here's a look at why it is the best way to finance your higher education in 2023. Flexible Loan Amounts and Tenures A fintech study loan is a small-ticket, short-term loan. Therefore, they have flexible values. You can consider the cost of admission, tuition fees, hostel fees, and other relevant charges. Make an aggregate and consider borrowing a suitable loan amount. Also, see if the corresponding tenur...