Loan seems cheap? Check interest outgo
You are scouting for the cheapest loan for your Diwali shopping and come across a lender offering rates much lower than others. You quickly calculate the Equated Monthly Installment (EMI) and decide it is the best option for you. But before you thank your stars check what will be the interest outgo during the whole tenure of the loan.
Published in: DNA India
Tech based platforms supporting your pockets, spreading festivities in the air
Festivals are a way of life. The ultimate goal of festivals is to bring cheer, happiness in the lives of people and are meant for social gatherings. Unfortunately, all your plans of gifting, shopping, business run might go heavy on your budget and burn a hole in your pocket.
Published in: APN News
Marathons are my passion, says Loantap's co-founder Vikas Kumar
I am committed to following a healthy and disciplined lifestyle. As a rule, I plan my day early morning with a cup of black coffee. This works like meditation and help me stay focused on the outcomes. I also budget some free time for unexpected meetings.
Published in: The Hindu Business Line
How will the SC verdict on Aadhaar impact online lending companies?
The verdict will have an adverse impact on loan repayments. “Aadhaar is widely used in fintech ecosystem for contract sign-off, repayment set up and KYC. Loan collection mechanism (repayment set up) will go for major change as Aadhaar linkage to bank would have eliminated need for physical check or electronic clearance form pick up,” says Vikas Kumar, CTO & Co-founder, LoanTap.
Published in: The Economic Times
SC verdict on Aadhaar rattles companies with eKYC and lending operations
“A law has to be passed or a Union Cabinet note has to be issued to allow the legitimate use of Aadhaar-based e-KYC for faster onboarding and to usher in Digital India,” said Vishwas Patel, chairman, Payments Council of India (PCI).
Published in: VC Circle
Just a tap to get you ‘LoanTapped’…
As an ex-banking professional and a veteran, I have been familiar with the shortcomings in the traditional lending sector. So, unlike other startups identifying a few gaps in their sector and solving the same, in our case, there isn’t one but multiple experiences that urged us to launch LoanTap.
Published in: I am an Entrepreneur
SC's Aadhaar verdict rocks new-age digital cradle: All you need to know
The costs will go up, and just what alternative mechanism do you have to verify customer details for KYC (know-your customer) compliance?” asks Satyam Kumar, CEO of LoanTap.
Published in: Business Standard
Tech based platforms to support your pockets this festive season
Festivals are way of life. The ultimate goal of festivals is to bring cheer and happiness in the lives of people.
Published in: ANI