Google Pay has 10 million merchants, who will be given the option of availing a pre-approved loan from Indifi in the app itself, based largely on their payment receipts data.
The collaboration aims to make the e-scooters more affordable and attract cost-conscious buyers with attractive financing solutions.
The bench said the high court orders directing to maintain status quo with respect to possession of secured properties on payment of Rs three crore in all is “absolutely unjustifiable” as the dues are to the extent of approximately Rs 117 crores.
The overall volumes of securitisation--where a non-bank lender passes on future receivables against loans or a bunch of loans to another entity for upfront cash– will come at Rs 1-1.1 lakh crore in FY22.
Pre-approved loans are easy to avail of as they involve minimal documentation and no collaterals. Here is all you need to know about pre-approved loans.
Over 1,20,000 applications have been submitted under the initiative till Monday, and of them, 50,000 have been sent to banks for approval, the official said.
As many carmakers continue to hike car prices, you need to look out for appropriate car finance. Also, one should weigh the pros and cons before opting for a car loan.
NBFCs account for the maximum number of loans sanctioned through digital platforms, reveals a recent RBI report. But for loans of long tenure, customers prefer banks.
The use of technology allows collecting alternate data such as cash flows, financial etiquette, utility bill payment history, investments, spending behaviour, etc., of first-time borrowers to build a credit profile that can be used for underwriting.
It stated that nine states and UTs, including Gujarat, J&K, Jharkhand, Meghalaya, Rajasthan, Telengana, Tripura and Uttar Pradesh, have totally exempted the loans under PMSVANidhi from stamp duty.
While high rates may reduce inflation, they will affect borrowers who are already suffering from pay cuts and job losses. There is a growing concern among people on how the new rates will affect their lives.
With RBI declaring 600 digital loan apps illegal recently, customers will get access to better data security and genuine loan apps. More than 200 apps have already been removed from the Google Play store.
Targeting PM Narendra Modi, Priyanka Gandhi said: "Do you know the cost of the aircraft used by him? It is Rs 8,000 crore. He comes here to give a speech but your income is not raised’.
Lenders prefer to sanction loans to customers who have minimal chances of loan default. One can follow a few ways to increase the chance of getting loan application approved quickly.
Take a gold loan from a bank or NBFC to ensure you get back your asset safely after repayment. But there are a few things you need to know before you apply for a gold loan. This will ensure that you get the maximum out of your gold loan and can also pay back in due time.
Aadhaar card has a borrower’s relevant information and is used to complete KYC verification.
Fintech firms may ask you for less documentation on personal loans. Know what's required and the risks to keep in mind
A farmer sits near his red chillies at a deserted APMC market, during the weekend curfew imposed by the Karnataka government to curb the spread of COVID-19, in Hubballi.PTI Photo
Delhi Chief Minister & AAP National Convenor Arvind Kejriwal being welcomed by women supporters during his door-to-door campaign ahead of the Goa Assembly elections, in Goa.PTI Photo
A health worker collects swab sample of a woman for COVID-19 test, amid concerns over rising Omicron cases, in Gurugram.PTI Photo
Traffic jam on a road at Shalimar Bagh during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
The Lajpat Nagar market wears a deserted look during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
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The pandemic has made it clear that virtual learning is here to stay. In the West, the big question is whether it will dilute the quality of the college experience and education. In India, which grapples with digital divide, the question remains whether this will reach most people at all.
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