All right-minded businesses like to explore engagement opportunities with customers where the chances of getting the returns on their investment in terms of time and effort are the brightest. Pre-qualifying helps ascertain that a lead is likely to purchase if moved into the sales process. It ensures that a lead is interested in what the […]
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 […]
What Constitutes A 360-Degree View Of The Prospect And How It Helps In The Lending Process?
Both lenders and borrowers are stressed during the lengthy loan origination phase for their own selfish reasons. The time and resource-consuming phase of loan processing often leave borrowers impatient and desperate. However, lenders loathe loan origination for the painstaking amount of time that goes into paperwork assortment, document verification and manual evaluation. The new wave […]
5 Benefits Of Digital Lending
The traditional process of loan disbursement used to be gruelling for borrowers and lenders alike. Wrought with inconveniences like in-person application submission & manual verification, it remained a dreadful exercise until recently when it changed and for the better. The lending landscape is witnessing a paradigm shift towards digitisation and automation. Digital lending involves managing […]
5 Common Lending Challenges Faced By NBFCs and How The Right Lending Lifecycle Management Software Can Help Overcome Them?
A significant component of modern Indian financial market, Non-Banking Financial Corporations (NBFCs) are fuelling the economy and for the better. The diverse credit outlet they offer to clients makes them the preferred choice of SMEs for loans, over traditional banker. NBFCs boast of highly customised services to suit the needs of particular clients. Common Lending […]
Here’s How You Can Assess A Loan Applicant With No Credit History
No lender wants to enter into a shaky alliance by giving out money to an applicant with poor track records. Still, no lender wants to let go of a chance to earn better revenues by lending money to an applicant either. So, how does a lender assess a loan application when the applicant has no […]