The span of time that traditional financial institutions incur to estimate loan eligibility and evaluate loan applications can be pretty long. As evaluating loan eligibility involves considering factors like prevalent interest rate; tentative loan tenure; nature of employment of the applicant; gross monthly salary and market value of the securities, manually go through heaps of […]
Why Having A Loan Lending Mobile App Is Great For Customers… And Lenders!
Let’s face it – we are all hooked to the convenience that mobile apps bring. A few clicks and we can order groceries for the week or can pay for a luxurious vacation during the holiday season! Even when it comes to business, mobile traffic has outpaced the desktop traffic in recent times. The advent […]
What You Should Look For When Analysing A Loan Applicant’s Bank Statements?
Bank statements are a great source important financial information, when assessing a loan applicant’s eligibility for a business loan. A loan applicant’s bank statement gives a periodic record of all the transactions undertaken by the applicant like deposits, withdrawals, cash transfers, debit card payments, interest earned, bank service fees, as well as the other instalments […]
See How Finezza’s Analytics Help Optimise Loan Management Process
Right from the time an application is received, and all the way until disbursement, a lot of data flows into the lending lifecycle. However, traditional lending management systems rarely make optimal use of this data. By employing the right tools and analysing this data, it is possible for a lender to reduce the inefficiencies in […]
How Finezza’s Mobile Ecosystem Helps Optimise Loan Management Process
While many fintech firms are competing with traditional banks and lending institutions by offering loans that can be approved with just a tap on the phone, lenders are compelled to digitise their processes and offer various mobile lending solutions to compete with the market. However, though many mobile lending solutions are mushrooming, very few solutions […]
How Social Media Can Help You Assess A Loan Application
Today, everybody has a strong social media presence, no matter if your an individual or a business entity. Even though the social media platform has been subjected to a lot of criticism for invasion of privacy, it has served as a valid medium for revealing insights into a company’s intentions and legitimacy. This data is […]