The financial sector is undergoing a complete revolution steered by the rapid growth of Artificial Intelligence, generative AI, machine learning, etc. The financial sector, including lending, is not only adopting…
Peer-to-peer lending platforms have been gaining much attention lately as a wonderful alternative to conventional financing options. This promising concept eliminates the need for banks and financial institutions while roping…
Whenever we apply for any loan, the first thought in our mind is to find a loan that charges a favourable interest rate. If you plan to take a car…
Evaluating your borrowing power before taking a loan is imperative to prevent default and stressful repayments. The ‘borrowing capacity’ allows you to assess your income, spending, savings, assets, liabilities or…
The Banking Regulation Act 1949 allows the Reserve Bank of India to exercise statutory and other loan restrictions. According to this master circular, the central bank consolidates and issues instructions…
Credit cards have become one of the most helpful financial tools that assist buyers in achieving their financial objectives. However, it is important to ensure that you pay your credit…
During a loan underwriting, the lender checks whether the borrower is fit for loan approval. The bank and financial institution make a judgment if the borrower has the capability of…
Traditionally, loan underwriting was a complex, lengthy, and multi-step process. Thanks to the technology, now it has become much faster, easier, and accessible for millions of borrowers. From handling thousands…
Rohit wants to purchase a car and is considering applying for a loan. However, he is hesitant as he plans to purchase a home in next few years. He thinks…
Imagine a situation when you need funds urgently to fulfill one of your financial needs. You applied for a loan and waited for a few days, only to hear from…
