How to get better interest on Personal Loan
Job stability, residential stability and maintaining good FOIR helps build a good credit score which partly impacts the interest rates along with other factors like repayment capabilities, fixed income, and customer profile', said Mr. Satyam Kumar
Loantap has raised $12 million in its series B round of funding
LoanTap aims to use the equity funding from Avaana Capital to reach out to traditional lenders for debt which will be deployed by the company
How interest on credit card due is calculated?
The interest rate on a personal loan, which ranges from 1.2 to 2.5 percent per month, is slightly less than the interest rate levied on a credit card which ranges from 3 to 4 percent per month' said Mr. Kumar
Good times ahead for banking customers and home loan borrowers?
With RBI coming as the direct regulator to HFCS, now they will have to automatically follow RBI regulations. Hence, arbitrage between banks and HFCs will keep on reducing,” said Satyam Kumar,
Loantap raises Rs 57 crore
The last round that we had raised in 2018 has been mostly used for onward lending,” said CEO Satyam Kumar. “Now with this equity fund infusion I will be able to leverage more and plan to raise Rs 90 crore of debt mainly to help in creating a bigger loan book.
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.
Youngistan flocks to digital lending platforms
Digital lending platforms are becoming popular among youngsters who are in urgent need of money and prefer a paper-less process for sharing documents.
Healthfin gets Rs 3.43-crore booster shot
Healthfin, which provides instant loans to patients who might not have medical insurance, intends to scale up operations with the new funds, seek more partnership with hospitals and strengthen its technology platform. “We are targeting nine cities from
LoanTap raises Rs 43 crore, equity funding round led by Shunwei Capital
Digital lending company LoanTap has raised $6.25 million (Rs 42.83 crore) in an equity funding round led by Beijing-based venture capital firm Shunwei Capital.