Banks and NBFCs– Various banks and Non-Banking Financial Companies also offer mutual fund schemes through the offline mode. You have to visit their office and contact a representative, commonly known as a Relationship Manager (RM) to start your investment journey. However, they invest your money...
EY worked closely to understand the potential risks of the NBFC’s association with debt recovery agencies that were not aligned with the company’s ethos. These parameters were then embedded into the solution to flag off dubious third parties right in the initial st...
They have completed our NBFC registration order within stipulated time period of 90 days. They provide constant guidance and support in the process. Their support in building fintech software is amazing.” Manisha Mantri “I chose Enterslice to start my new Indian adventure as entrepreneur, and ...
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...
How do I become a CIBIL member and access the credit scores for customers when I am not an NBFC? Why are credit cards' last 4 digits unique? How can I transfer my HDFC VISA credit card balance amount to my HDFC bank account? Will they charge me for this transfer?
High leverage – Speculators may borrow money from the brokerages firm (on margin) or NBFCs to keep on the bull rally. The debt cycle keeps increasing, and when stocks drop, the investor wealth can be completely wiped out due to the high margin. Government measures such as low-interest ra...
However, co-lending use cases are an exception to this rule. In other terms,co-lendingplayers (like banks and NBFCs) can use escrow accountsto pool funds before disbursing to borrowers. Related Read: How to Kickstart Your Co-Lending Journey?
Known to be India’s oldest Credit Information Company (CIC), as per the latest records, CIBIL is connected with over 2600 institutions, including public and private sector banks, financial institutions, housing finance, and non-banking financial companies (NBFCs). In 2017, CIBIL launched its MS...
2. Research:With a wide range of two-wheeler loan choices available in the Indian market today, it becomes difficult to choose the best. Understand the benefits provided and eligibility terms set by a lender. Compare a few banks and NBFCs, and then select the one which suits your needs an...
We achieved this impressive achievement through a well-executed App Store Optimization campaign that resulted in the app ranking for 61 key search terms and improving its rating from 3.1 to 4.2. Impressive, isn’t it?Check out our case study here to know how we helped the NBFC to achieve ...