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Showing posts from October, 2020

How has COVID affected Digital Lending in India?

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Most businesses around the globe are suffering significantly in the aftermath of Covid-19, however, a few sectors have had a disproportionate impact, out of which lending is one. For the lending sector and for fintech lending specifically, with several fintech start-ups folding-up, the adverse impact is expected to last for a few years. Since the current events are unprecedented, assessing future cash flows of individuals and businesses will not be easy and short-term loans will pose significant risk. Loan demand will rise with loss of revenues for businesses and job loss for individuals, hence, the main issue for the sector will be how to underwrite the leads in an effective manner. Collections, including capital deployed and interests accrued, will be under tremendous pressure which in turn will severely reduce cash flows, leading to very less or no money to pay salaries, bills or make new loan disbursements. People who have lost earning opportunities, including contract workers, oth

Complete guide to Financial Technologies

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Fintech best portrays advancements that are being utilized to make money related cycles simpler, more effective, and more beneficial. Fintech organizations build up an assortment of programming stages, applications, equipment arrangements, and more to accomplish these objectives. Fintech utilizes present-day fintech applications that range from easy to complex, including:  •        Online and versatile financial stages •        Person-to-individual (P2P) installment applications •        Peer-to-peer and other tech-centered individual loaning stages •        Mobile installments   •        Contactless installments - permitting purchasers to pay in-store without swiping or embeddings their installment cards. •        Budgeting applications •        Blockchain innovation and cryptographic forms of money •        Brokerage administrations, including stock exchanging applications •        Software that computerizes beforehand arduous and repetitive assign

What Are The Factors That Determine Your Bike Loan Interest Rate?

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Bikes are among the most mainstream methods of transport in India. On account of numerous simple money plans accessible, getting a bicycle is, considerably more, simpler nowadays. Most monetary organizations offer 90% to 100% financing for select bicycles, because of which, you can without much of a stretch bear the cost of a bicycle borrowed. Yet, getting money includes bearing revenue costs and the loan fees differ from individual to individual and bank to the moneylender. Here are a couple of things that influence the financing cost of your two wheeler loans :  Your Net Income To fit the bill for a bicycle advance, budgetary foundations take a gander at the net gain you acquire, to check whether you have the ability to take care of the advance or not. Since the pay rules for getting a bicycle Other Running Loans They likewise take a gander at different advances that you are at present paying off, similar to home credit, or some other individual advances, to get a thought regarding y

How Has Technology Affected Loan Processes In India

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Innovation has obviously been an immense impact on how we get things done. In the present day and age, applying for an personal loan today is as simple as flagging down a taxi. Innovation, in the loaning space, has made the experience for customers as smooth as conceivable creation measures smooth and simple is one of the prime reasons why certain advancements have developed the manner in which they have. Numerous moneylenders have changed the method of acquiring cash by pacing up the advance cycle. Prior individual advances took a couple of business days to arrive at the purchaser, however now moment advances have changed the game. While customary players limit themselves to their exacting frameworks and cycles, India as an economy has developed into the time of advancement in monetary administrations on the rear of the most recent innovation. Some new-age fintech players are utilizing tech-drove devices to quickly track the advance endorsement measure, and are likewise utilizing the