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
5 loans for millennials
Unlike the previous generations, which would save bit by bit, cut down expenses to make that once in a lifetime Europe trip possible, millennials today have dreams which are truly unparalleled and cannot wait, not for too long.
This alternative lending platform feels consumer lending is more than just a trend
Vikas Kumar says unlike a bank, which generally offers one vanilla product to salaried borrowers – term loan, LoanTap focuses on need and cash flow-based products. Their product range varies from EMI free loans to overdraft to wedding loans to holiday loans.
Experts feel that different measures can be taken to help ease the liquidity crisis in the NBFC sector. “The focus should be on increasing the money available to the sector,” says Satyam Kumar, co-founder and CEO, LoanTap.
Pre-approved loans on your fingertips: Should you go for credit line when in need?
Satyam Kumar, Co-founder and CEO of an online platform offering loan products, LoanTap said, “If one is unsure of the total amount that is required for his/her personal need, then it is advisable to apply for credit line also known as personal overdraft loans.
Loantap raises $8M funding led by 3one4 Capital
Digital lending platform, Loantap, has raised $8 million (Rs 57 crore) through a combination of debt and equity in its fifth round of fundraising led by Bengaluru-based early stage venture capital fund 3one4 Capital.