Zavron Finserv Leading NBFC | Fintech | India

  Although the concept of a instant personal loan has become popular in India over the past couple of years, one doubt which continues to remain intact in the hearts and minds of borrowers is the safety of availing an instant personal loan in India through a mobile application.   In the light of recent events, where several borrowers where several borrowers across the country committed suicide due to constant harassment from lenders, it is only natural that several of us are now reconsidering whether taking a personal loan is actually a good idea or not.   Thus in today’s blog post, we will speak about the same in detail, and we will shine light on the issues which are troubling borrowers the most.   Without further ado, let’s get started.   Difference between Banks and Personal Loan App:   One of the first and most important aspects we ought to understand is the actual difference between availing a personal loan from a bank or a financ...

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...