Zavron Finserv Leading NBFC | Fintech | India

While finding the solution for your financial prerequisite you will come across many solutions. But it is advisable to have some research before choosing one!  Check your requirements as per your eligibility and choose the convenient financial provision catered by banking and non-banking companies . Synopsis- The recent tech advancement made in the finance industry is developed for the users' convenience.  Basically, FinTech’s are bridging the financial gap by the all-time availability on your mobile.  Difference between a Personal loans and Overdraft, which one is better for you?  How to understand what you need? Meaning  Personal loan - Personal loan is a debit given by banking with collateral and non-banking firms with no collateral. You don't need to be existing customers of financial firms. It is a long-term loan that is used for any and every purpose.  Overdraft - Overdraft is available for existing customers depending on their account balance. It will

If you have been considering getting a instant  personal loan for some time now, one question which must have definitely crossed your mind is how will my personal loan EMI be calculated? At first glance, answering this question might appear to be as simple as relying on the lender to extend you an EMI offer and you simply accepting it. However, the actual mechanics behind this calculation are a little different and equally important to understand. Thus, in today’s article, we will share with you the inside workings behind the calculation of your personal loan EMI and the subsequent loan amortization schedule, thus empowering you with the ability to do it yourself. Without further ado, let’s get started. How Is Your Personal Loan EMI Calculated? To understand the calculation of your urgent personal loan EMI calculation, one of the first and most important aspects we need to grasp are the various factors which affect it. While there can be a number of them, the most significant

It has been more than a year since the pandemic struck our country which led to two lockdowns in the nation. Businesses disrupted during this period. Traditional funding sources started to dry up. People started looking for alternatives which could fill up the gap between the demand of liquid cash and its availability. The MSME sector contributes significantly to the country's GDP and this sector saw a big fall after the lockdown commenced. Millions of people lost their jobs, many faced salary cuts and medical expenses rose like never before. During these tough times, fintechs are playing a major role in the revival of the economy by meeting the urgent demand for working capitals, making special support plans and altering the credit score models. Innovative capabilities of fintech companies have transformed the lending business completely and made the credits easily accessible to the people who are using digital technology. They just need to download the app and a few clicks on t

  NBFCs are Non-Banking Financial Companies that deal with loans and other financial activities but they don't have a banking license instead they are registered under the Companies Act 1956. A company with the primary business of receiving deposits under any scheme in a lump sum or in installments or in any other manner is also known as Non-Banking Financial Company (Residuary Non-Banking Company). Activities NBFCs are Involved in Non-Banking Financial Companies are primarily involved in the activities such as Loans and Advances, Hire and Purchases, Leasing, Insurance Business, Chit Business, Acquisition of Shares, Debentures, Stocks, etc. Activities NBFCs cannot be Involved in Non-Banking Financial Companies cannot be the institutions that are primarily involved in Agriculture, Industrial Activity, Sale, Purchase or Construction of any immovable property, Sale or Purchase of any Goods other than Securities. Criteria to become an NBFC The Reserve Bank of India has i

A credit report is the summary of your credit transactions from the past and present. Therefore, having a check at your report regularly helps in identifying any faults or discrepancies that can affect the overall credit score. A good credit score is a testimony of your good financial health, thus making the borrower eligible for the best offers on instant personal loan and credit cards.   With various credit options available with borrowers these days, there is a higher possibility that they make a few credit mistakes. The facilities like quick personal loans disbursal, minimal documentation, flexibility in payment tenure, etc. are favorable for customers, however, while applying for a loan, the borrower might fail to pay attention to some of the critical aspects associated with it, calling in rejection of their loan application. Before we dive into the mistakes that can affect your credit report we would like to present a fact that you might not be aware of. If you are looking

Digital Credit System is taking on the credit and lending ecosystem by the storm. There has been a surge of startups and enterprises working across the nations to make the credit system smooth and efficient for its consumers. The response to digitalization of the credit ecosystem has been unprecedented too. Consumers are shedding old practices and getting into the new habit of registering, applying, uploading documents and waiting on approval for their Instant Personal loan through their laptops and smart-phones. These efficient processes have been only possible by the never-ending evolution of Fintech that innovate using technologies such as cloud services, Artificial intelligence and Machine Learning.   As the fintechs deal with sensitive financial data of its consumers on a daily basis, the concern around its safety and security becomes imperative. We will discuss the methods fintech uses to secure credit and financial information of its consumers while delivering their ace servi