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 […]
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 […]
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 […]
7 Ways To Make Debt Recovery Easier: Loan Recovery Strategies for Banks!
Loan disbursement, as we know it is only the beginning of a hopeful span of repayment period where a lender expects to receive small debt recovery payments. However, when left unmonitored, this period can run havoc on the revenues of the loan dispensing company. NBFCs, MFIs and other lending institutions often come under the […]