NBFCs, fintechs and other LSPs can use these accounts to pool their funds before disbursement to customers. Let’s take the example of two NBFCs titled A and B that have a co-lending partnership. Here, the borrower ‘Jane Doe’ applies for a loan of Rs. 10 Lakhs. NBFC ‘A’ might...
To get a strong start, make sure you provide all the information the lender requires about your business performance and loan requirements. This gives banks or NBFCs a fair idea of your credibility as a borrower and your repayment capacity. Next, build a case for your business that will incr...
Related to this QuestionHow many people today make a full-time income from owning a small e-commerce website? How do online lenders process loans in India? How different it is than by conventional financial institutions, and how do they deci...
A loan can be defined as money or any property or other valuable thing given to another party in exchange of future repayment of the principal amount along with interest or finance charges. It can be a one time or it can be a limit....
Unlike open-ended schemes, capital protection funds have a lock-in period where investors cannot exit the fund before maturity. Hence, investors looking for long-term investments without any liquidity can invest in these funds. Moreover, SEBI has assigned credit rating agencies to give ratings to...
Slice 'Buy Now Pay Later' Service: All You need to Know Slice is a money lending digital platform powered by various NBFCs. It claims to have 12M+ users. It has its own UPI in Slice Super UPI. There is also the Slice Super Card which gives upto 2% Instant Cashback on every transac...
Step-by-step Process To Get A Digital Personal Loan Step 1:Open the mobile loan app or the online lending platform’s loan section. Fill out the application. Step 2:Read through the information on the form. Before sending the form, you can look at the saved information and change it if...
1. Reputation of the Lender:It’s important to choose a home loan app from a reputable and established NBFC. You must research its track record, customer reviews, and financial stability before proceeding. 2. Available Financial Solutions:Ensure the app offers housing finance solutions for your ...
Tata Capital is an Indian financial services provider founded by Ratan Tata in 2007. Headquartered at Mumbai, Tata Capital is engaged in various types of lending, both for consumers and corporates. The offerings by the non-banking finance company (NBFC) include auto loans, personal loans, busines...
How the industries stack upLists the fastest growing industries in the U.S. as of 2002. Food production; Homebuilders; Medical products and equipment; Health care.Fortune