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Showing posts with the label home renovation loan

How Is Your Personal Loan EMI Calculated: Understanding Your Loan Amortization Schedule

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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

How are Credit Demands Met and Loan Collections Simplified in Fintech

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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

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

How Are Digital Only Financial Products Changing The Course Of Marketing?

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The future of the world is encrypted in 1s and 0s. Either everything has gone digital or they are in the process of it. Finance and Banking is one such space where digitization has had a massive impact.   Not only has the Digital boom in Finance made us avoid the plethora of red taping that comes with offline bureaucracy, but it has also opened unexplored avenues for bankers and customers alike to grow their businesses.   We will be studying the impact of Digitization on Financial products and how it has affected the course of Marketing. Firstly, we will begin by understanding the term Digital Only Financial Products. Later we will move on to their impact on our lives. Also, we will try to predict the future based on the current scenario. Let’s go. What Are Digital Only Financial Products? Digital Only Financial Products and services are something that exists in your smart phones. They provide all the services, even more in some cases, that traditional banking and financial products pr