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Showing posts with the label Used Car Loan

How is Fintech Fulfilling Social Responsibility Amid Covid-19?

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The lockdown due to COVID-19 has induced a spike in the popularity of fintech applications. People are opting for net banking and mobile banking services. Fintechs are playing a vital role in diminishing the economic and social repercussions of the current COVID-19 catastrophe.  Expanding the financial horizons of low income families and small businesses can also help in a comprehensive recovery. Fintechs are more agile, competent and economical than the conventional financial services. These are the reasons behind their increasing reach among financially weaker groups and small and medium sized enterprises (SMEs). When the country was hit by the COVID-19 health disaster, fintechs enabled cashless and contactless transactions. They also helped to expedite the swift and efficient implementation of support measures taken by the government.   Many fintech companies have set apart their commercial objectives and for now they are concentrating on the welfare of their staff and consumers.

Pay Your Medical Bills with Zavron Finserv’s Personal Loan

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  The COVID-19 Pandemic has exposed us to the most uncertain periods of our lives. Salary-cuts or late salaries, slow businesses, education expenses and above all medical expenses have made everyone’s life miserable. The second wave of COVID-19 has shattered our lives and shown us how frightening medical emergencies can be. These   responsibilities have caught us off guard. To arrange adequate funds for the treatment of the loved ones is a great challenge these days as the hospital bills have sky-rocketed. In this situation, one is left with no other option but to apply for medical emergency loan to pay-off the medical bills.   During a medical emergency, a personal loan from Zavron Finserv is like a silver lining to the dark cloud because it saves you from losing your life savings to pay off the hospital bills and other types of medical needs. Personal Loan to Meet Medical Expenses You can apply for a personal loan to meet all your medical expenses. An instant personal loan is

Should you apply for a personal loan for marriage? Why and How?

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The years 2020 and 2021 have been very challenging. We are going through a pandemic which has drained us off our physical and mental health and financial health as well. People are struggling to keep their jobs, to meet the medical expenses and the wedding dreams have taken a hit because of the concerning financial situations amidst many restrictions. If you are someone who has faced difficulties meeting their wedding expenses and are worried that your dream wedding might not come true, we have a solution for you. Zavron Finserv provides Marriage Loan  to all the eligible applicants with an aim to bring them happiness and joy. We will tell you everything you should know about Marriage loans and why applying for a personal loan to pull off a wedding is not a bad idea. Read on. Why to apply for an instant personal loan for marriage? Is it even possible? Marriage is a special bond. A bond where you and your partner get together to make your wedding the most memorable one. It is a once in

Why are app-based digital lenders picking up? What's the future?

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Technology has taken over every aspect of our lives. Be it communication, transportation, or banking, technology and digitization have completely revolutionized the workings in every field. Financial institutions have not been an exception to this revolution. Post 2016, the lending market has been booming in India and there is no stopping to it whatsoever. The major urban population has shifted to mobile based banking facilities including getting personal loans or for the transaction of money on a daily basis. In this article, we will be talking about digital lending apps and why are they picking up. We will also look at what the future holds and if there are any challenges that they bring along. Read on to know everything about digital lending apps and what the future prospects are. What is Digital Lending? Before diving right into what is the future of digital lending and why is it picking up in India, let’s discuss what is digital lending. As the name suggests, digital lendin

Fintech Trends to Look For 2021

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  2021 is the year of rebuilding and innovation. 2020 has made us realize the flaws in our system. The process that we deemed impenetrable proved to be as delicate as they come. One of the sectors that have been dramatically affected by the pandemic is the Financial Technology sector.    Financial Technology, more commonly known as Fintech is the use of Technology in the Financial Industry to make the process swifter, more user-friendly, much easily available to a broader consumer base. Features like Online Banking, Online Credit, UPI Money Transfer, Online Consumer KYC, Mobile Trading, Cryptocurrency are some of the features that have revolutionized the Fintech Sector.    2021 promises even more exciting trends as it settles here. Let’s look at some of the major Fintech trends to look for in 2021. But before that, let’s do a quick recap of the year Fintech year 2020. Fintech in 2020 2020 will go down in history as the year of the pandemic, but there is so much more to the year

What are the credit mistakes that you must avoid?

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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

How Automated Credit Assessment and Evaluation is better and efficient?

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Better and efficient lending demands a proper, error-free credit assessment. The credit assessment depends on a number of factors including the type of loan , credit score, financial health, repayment capacity and documentation. All of this requires a close look and an error-free procedure for further acceleration. Over the years, the traditional credit scoring has seen a shift and lenders are turning to technology to automate their processes and its related decisions. With consumers expecting the credit evaluation and loan application process in real time, fintech and banks turned to digitization. In this article, we will have a close look at what is credit assessment and how it has changed over the years in contrast to traditional credit assessment process. What is credit assessment? Credit assessment or credit analysis as it is popularly known is a method to check the creditworthiness of the borrower (an individual or a company). This process involves the overall assessment o

How Do Digital Credit System Ensure the Security of Consumer Data

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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