Projections indicate that the credit demand in India is going to be worth $1.41 Tn by 2022. The growth rate in credit demand is estimated to be 3.73% between FY17 and FY22. The flourishing credit landscape has led to the growth of multiple lending startups in the country. Add to this, numerous other tech companies […]
Co-Lending: What is it? How it Works? How Will NBFCs Benefit From It?
By definition, co-lending is when a fintech firm comes together with a traditional lender, to disburse loans. The association allows fintech firms to source clients, perform credit appraisals and disburse a small part of the loan amount. On the other hand, the co-lending arrangement enables a bank to give out the more substantial chunk of […]
How Finezza’s Smarter Loan Eligibility Estimator Helps Optimise The Lending Lifecycle!
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 […]
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 […]