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 […]
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 […]
Understanding How DPD (Days Past Due) Is Important When Evaluating A Loan Application!
Deciding to accept or reject a loan can be a lengthy process of deliberation for financial institutions. While lending institutes all count in common factors like the type of loan, credit history and current liabilities, each one has a different procedure for the creditworthiness assessment of the applicants. All financial lending businesses want to ensure […]
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 […]
GST: A New Data Source For Fintechs To Assess Loan Applications
When the government first introduced the Goods and Services Tax (GST) in 2017 to the Indian economy, there were several concerns about crossing over to this new tax regime. As it happens with every change, the new tax regime was not readily accepted by all. Nevertheless, it helped to re-organise the small and medium enterprises […]
Why Using A Credit Score From A Single Credit Bureau Isn’t Good Enough
When it comes to deciding the creditworthiness of a person applying for a loan, the credit score plays a very important role. Whether it’s for business, or major financial investments such as buying a house, or a car, most lending institutions consider the credit score as an eligibility criterion. Not just that – telecom/mobile companies […]