The concept of lending is reshaping in India, especially with the digital push of the government. Almost 50% of loan seekers in India with internet access actually received a digital loan in the past 12 months, Ketan Patel, CEO, CASHe Recount Aparajita Gupta in an interview. Although there is a digital push on the government …

Predatory payday loans and loan shark apps have become commonplace in Apple and Android app stores, with many consumers promising but little clarity on how much they will have to repay. Peer-to-peer lending, which has gained popularity thanks to online marketplaces that place those in need of quick capital with those looking to make money, …

Every student preparing for college is struck by the reality of the high cost of higher education. It might be tempting to lie about the Fafsa. However, lying about Fafsa can have serious consequences. You could face criminal charges of fraud and, most of the time, you will have to repay any financial assistance you …

The exposed server was receiving live updates from more than 100 loan-related apps, some of which provided real-time location data. Nochkhun/Getty Images Millions of people in China who use loan apps to borrow money have ended up paying with their privacy. A security researcher has discovered a public database left exposed online containing sensitive data …

Many of us have already experienced a familiar and tense situation in which we had to look for alternatives to stretch our finances. This could be due to unforeseen medical expenses, low cash flow for business emails, or the simplification of payment methods when purchasing properties such as cars and homes. Fortunately, there are other …

Being rejected after applying for a personal loan is a major disappointment. Here’s what to do if this happens to you. When you’re relying on a personal loan to help finance a purchase or consolidate debt, it’s heartbreaking to find that your loan application has been denied. Unfortunately, this happens to many potential borrowers. It …

In the United States, consumers are turning to fintech startups for personal loans, CNBC reports. Newly released data from TransUnion reveals that the unsecured personal loan market hit an all-time high last year, growing 17% year-over-year to $138 billion, and the fintech sector deserves most kudos. “The rapid growth of consumer lending rests entirely on …

FinTechs, not traditional banks, appear to be the preferred method of taking unsecured personal loans in the United States, with the market reaching an all-time high last year. That’s according to TransUnion, which – as reported by CNBC – released personal loan market data Thursday, Feb. 21, 2018. The unsecured personal loan market grew 17% …

WASHINGTON (Reuters) – A U.S. banking regulator says banks should be increasingly aware of activity in the leveraged loan market, warning that the sector’s rapid growth by non-banks could pose challenges. future risks for the financial sector. FILE PHOTO: Joseph M. Otting speaks after being sworn in as Comptroller of the Currency in Washington, U.S. …

When everything – from groceries to gadgets – is available online, why should credit be far behind? However, are online loans a good option for you? A sudden cash crunch can strike anyone’s life out of the blue. At times like these, all you need is quick, hassle-free access to credit. Armed with your smartphone, …

By David Brooke, Alasdair Reilly, PLC LONDON, Sep 27 (LPC) – The European syndicated loan market is on the brink of a technological revolution that will increase its speed and efficiency as banks continue to modernize, but questions remain about its implementation and its cost. The complexity and cost of integrating new technologies into a …

State lawmakers need to be vigilant: Big changes are afoot in the payday loan market, many of which will be detrimental to socially responsible borrowers and lenders. Payday loans and long-term, high-cost auto title installment loans have grown significantly as companies diversify their business models in an effort to reduce their reliance on conventional payday …

You were ready to buy that new car or that new house. You might even have chosen the cherry red convertible or the Cape Cod with the spacious yard – until your bank stops you in your tracks. Your loan has been refused and you don’t know what to do. It’s a fairly common scenario, …

40% of South African households cannot afford a shock spending of R10,000 or more, according to a new study published by Old Mutual. This has increasingly pushed South Africans to friends, savings and, to a lesser extent, stokvels to make ends meet. Above the R5,000 mark, however, research notes that formal loans are increasingly starting …

Bank of America (BoA) is expanding its mobile service for small and medium-sized (SME) customers. An announcement from the financial institution (FI) this week says it is now allowing small businesses to apply for loans through its mobile app. “Our new small business mobile lending experience provides a convenient, mobile-friendly solution to meet the needs …

Loan errors? Loan officers have made a few. In fact, a lot. Researchers from the Massachusetts Institute of Technology (MIT) Sloan School of Management, Harvard Business School and the University of Southern California released a report this month examining the mistakes loan officers sometimes make when they decide which borrowers should receive a loan. They …

What is a loan application fee? A loan application fee is charged to a potential borrower for processing and underwriting a loan application, such as a mortgage or car loan. A loan application fee may be charged for all types of loans and is intended to pay for the costs of the loan approval process, …

When your business is looking to grow, secure cash flow, or invest in something like new equipment, you might want to consider a small business loan. If this sounds like you, the good news is that you’ve already taken a step in the right direction. Any business considering a business loan should start by researching …

Ideally, cash is king and we would earn enough of it that we would never need to borrow from a lender in our lifetime. We would simply have enough money to fund our dreams. However, reality helps put things in perspective, and the truth is, we need to seek help in order to fund our …

When it comes to good finances, credit scores get a lot of press. Based on a formula that incorporates loan and repayment history, credit scores are often touted as the reason someone gets approved for a credit card, car loan, or mortgage. a mortgage – or refuse it. However, some financial experts say the role …

What is an online loan? An online loan is a personal loan applied for and completed online. This means you can do it all from the comfort of your own home using just your mobile phone, tablet or computer. How much money can I borrow online? When you apply for a loan online, you will …

Prosper’s loan originations have not caught up with those of its main competitor, Lending Club, but since 2013 the company has seen rapid growth in the value of the loans it arranges. Prosper Competition has just gotten a little tougher among companies arranging peer-to-peer lending, with Prosper raising $70 million in new funding to fund …

Small businesses unable to obtain a loan through conventional means can try SBA-backed financing. But even this option can take months. Better Finance, based in San Francisco, launches Smartbiz, and hopes to significantly reduce this waiting time. The company claims that Smartbiz is the first fully automated online SBA loan program. Better Finance has partnered …

It takes money to make money, or so the old saying goes. Many entrepreneurs start their businesses with their personal savings, by running out of personal credit cards or by borrowing funds from friends and family. If you want to avoid these ways of raising capital, you can opt to go to a bank instead. …