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Showing posts with the label two wheeler finance

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

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