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 […]
5 Ways In Which AI Is Revolutionising The Lending Business In India
Interactive web-based connections have almost entirely taken over face-to-face communication. The impact of AI is all-pervasive in our day-to-day lives. All industries have now incorporated it into their operations, and lending businesses are no exception. The financial deregulation led to a sea of changes in the banking and financial services industry with the mushrooming of […]