Lending is a tricky affair. It is always essential for lenders to be very careful about whom they are lending the money. There are a lot of risks associated with lending, and one of the most significant risks is that the borrower may not be able to repay the loan. That’s where bank statements come […]
Funding is always an integral part of the growth of a business. With the rise of eCommerce, the requirement for finance has given rise to digital lending. WhatsApp has tied up with banks like ICICI Bank, Kotak Mahindra Bank, and HDFC Bank to provide lending services to its largest and the fastest-growing market in the […]
Small businesses and budding entrepreneurs often lack past financial statements to prove their creditworthiness to banks. This gap opens up doors for a more efficient system to take its place. And digitising lending became the answer. Since time immemorial, lending has been an integral part of our society. Evidence of money lending and credit systems […]
Peer-to-peer (P2P) lending is a financial innovation that emerged over time — To improve the current state of financial inclusion and to act as a substitute for bank loans and traditional financing options. Becoming a highly essential alternative lending platform, it is projected to grow at a CAGR of more than 20%, touching $10.5 billion […]
While experts believe the RBI hike will not be a problem for digital lenders, BNPL players will unquestionably be in the firing line. In response to the surging inflation across the nation, the Reserve Bank of India decided to hike the benchmark policy repo rate by another 50 basis points. This hike comes on top […]
India’s credit gap widened in tandem with the economy’s unprecedented growth. In such a market condition, debt financing can be of some help, if not for the straining procedures, collateral demands, and heavy paperwork. As banks fell short of presenting a favourable image to businesses, NBFCs became the obvious choice for credits. In all this, […]
Ever since RBI released updated guidelines on co-lending, it has become a more accomodating topic across the news. Home loans are a specific area where co-origination can enhance collaboration between banks and NBFCs. Certain Housing Finance Companies (HFC) have shifted to an asset-light model. With a model which is relatively common in the developed markets […]
Financial assistance for promising businesses is critical to India’s objective of creating an entrepreneur-friendly economy. A vendor’s most significant hurdle to establishing business is financing. Did you know that 77% of working Indians are dependent on personal loans to stay afloat? That is precisely where RBI-approved Co-lending came in as a blessing – to address […]
Data and AI Lead at Microsoft, Canada, Ozge Yeloglu, famously said: “Big data may be cheap to collect, but it’s expensive if you don’t know what you want to get out of it.” The financial or digital lending industry is arguably one of the biggest consumers and creators of this big data—bank statements, PAN, financial […]
So let’s get straight to it: digital lending is the future. However, as per Experian’s take on digital loan conversions, 97% of applicants abandon the digital lending process, leaving a teeny-tiny 3% conversion rate. While digital loans have a fantastic appeal of convenience that people love, this appeal doesn’t guarantee conversion. Fortunately, we have the […]
