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Harsh Tiwari

Stealth • 10m

I have a business plan which will definitely change the whole home loan, loan company sector in India for the people who are paying more interest on thier loans just because they have low income or low cibil score. While people earning more who don

Amil Naushad

Stealth • 10m

Interesting! What are you planning to do to solve this? To give out home loans to people who've low CIBIL score at lower rates of interest? Won't that be a little too risky? The loan recovery rates will be lower which is not good for any lending plat

Harsh Tiwari

Stealth • 10m

Giving the loans at higher rates to ensure our money back and return the money at the closure of the loan which was taken above our minimum rates so that the effective rates for them will be same as of the loan at lower rates. So effective rate will be same as other people, rate charged will depend on customer profile, and if loans don't become bad then customer will get extra money charged at the end.

2 replies

Replies (2)

Orly Dias

Stealth • 10m

Time value of money comes into play here. Home loans are longer term 10, 20 year commitments. At the end of the term will you be paying out the money in lumpsum and at what interest rate? You would have collected at a lower interest rate and returning it without accounting for inflation. Would be interesting to see the formula you derive for this payback at end of term.

1 replies

Amil Naushad

Stealth • 10m

Can I text you in anyway? Contact?

1 replies1 like

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