Your dream wedding can be reality: Here is how to fund your marriage
Whichever loan you decide to take, it’s first advisable to make a fair estimate of how much you intend to spend; have a budget in your mind, then list out everything you and your partner wish to have in your wedding and then work backward
Turn Your Dream Fairy-Tale Wedding Into a Reality
Today’s generation is taking ownership of their dreams as well as accountability of their share of wedding expenses. While savings may not take care of all expenses, couple are looking for other options as well.
This Startup Can Get You A Loan Based On Your Social Media Activity
While banks typically depend on credit scores, bank account statements, and income tax returns, some fintech firms are using algorithms to come up with dynamic credit scores that effectively evaluate a customer’s credit worthiness.
LoanTap plans to disburse loans totaling Rs 800 crore in FY20
LoanTap Financial Technologies has an in-house NBFC and offers customers loans with a starting interest rate of around 18 percent. The average loan size ranges between Rs 2-3 lakh.
Now Get a Loan for Your Rental Security Deposit
Principal amount, here, is the security deposit amount. Because the borrower pays only the interest, it reduces his monthly cash outflow up to 40% and provides him much desired financial relief during shifting. Said, Satyam Kumar
Can’t afford the high rental deposit? Opt for a rental deposit loan
A rental deposit loan to helps tenants pay the security deposit, without burdening their existing liquid assets. Borrowers pays only the interest amount till the termination of the lease.
Your digital profile to affect credit score
Lenders are using the fintech model to expand their business using alternative data and arrive at a credit decision
RBI guidelines on risk-weightage of NBFCs
The new norms will help segregate the good NBFCs from the poor ones as any unrated exposure of banks towards NBFCs, which owes banks Rs 200 crore or more will now attract 150% risk weightage versus 100% earlier.
Should fintech firms lend to customers with low credit score?
One should be able to differentiate between no score and low credit score. In case of no credit score, if there is no loan and there are other credentials which makes an applicant qualified for a loan, then it is absolutely okay to give a loan to them, said Satyam Kumar