🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

News

Pods

Back

Shivam Malhotra

Founder of stockkhat... • 10m

Hey everyone! I'm developing a fintech app with a unique concept: offering 0% interest loans to users. While this sounds great for borrowers, I'm seeking your input on the biggest challenge - ensuring loan repayment. Here's the idea in a nutshell: Users can apply for loans through the app. The app will leverage technology to assess creditworthiness and manage risk. If approved, users will receive the loan amount with NO interest charged. The Challenge: Guaranteeing Repayment This is where I need your brilliant minds! How can I, as the app developer, encourage responsible borrowing and ensure users repay their loans on time? What are your thoughts? How can the app design discourage misuse and promote responsible borrowing? I'm eager to hear your valuable insights! Let's build a fintech app that empowers users and fosters financial well-being.

17 replies10 likes

Replies (17)

Kavan Prajapati IITB

B. Tech, IIT Bombay • 10m

For offering loans, you yourself should have a huge amount of money, which I believe you will borrow from let's say banks, and they will need intrest from you, so how will you repay those high intrests to your bank if you don't get interest bcoz of 0% policy?

1 replies1 like

Havish Gupta

Figuring Out • 10m

Offering loan for 0%. How will you earn. Tell that first

1 replies

Yagnesh Gadhvi

Nothing • 10m

First of all u should bifurcate it whether it is merchant loan or personal loan and the biggest challenge infornt of you is 100percent loan repayment which is still in India impossible as even BharaPE had repayment around 92 to 96 inspite of being an unicorn....and even if it is possible what about your operational costs as u said it is fintech ... The word tech carries lot of costs with itself... Hope u get my point

1 replies

Sohan Krishna

I'm here to create s... • 10m

Yeah it's great idea. But if you offer zero interest how will you gain revenue. Also lending tech is headache sector. And your GTM, team and design should perfect before. So first you start working on GTM and meet some fintech experts about your idea then make it perfect.

1 replies

Samiksha Singh

Marketer who loves s... • 10m

Idk much about this but here's what I think: Let's say you give a loan to someone signin the agreement for 6 months that you will not ask them to pay back in this period but after 6 every month an amount will be deducted from their accounts directly. Make a solid agreement that if the payment is not done on time and interest of 10% will be charged. Idk if it was really logical but you can work around this

1 replies

Sachin Sk

Business analyst wor... • 10m

There are many ways actually one of them is : After purchasing or spending much amount like 10Lakhs, you will get this offer. If they can spend so much they will be able to repay?.

1 replies

Recommendations from Medial

Vikas Acharya

Building WelBe| Entr... • 24d

Yenmo Raises ₹9.2 Crore to Expand Instant Loan Services Yenmo, a Bengaluru-based startup, has raised ₹9.2 crore in funding, led by Y Combinator with support from Pioneer Fund, Zaka VC, and other investors. What Does Yenmo Do? Yenmo offers instant lo

5 replies11 likes

Sahil

Hey I am on Medial • 7m

Business Overview: "I run a lending business where I provide small loans to individuals with easy, manageable repayment terms. The idea is simple: if you need a quick loan, you can borrow money from me and pay it back in weekly installments over a

5 replies4 likes

BigLoot IN

BigLoot.in - Where S... • 5m

Navi has built a personal loan book size exceeding ₹10,439 crore and has an Asset Under Management (AUM) of ₹11,725 crore. The company charges interest rates as high as 45% on loans. For home loans, it's reported that they require full access to pers

3 replies6 likes

Rohan Saha

complicated Investor • 28d

IRFC is looking to enter non-railway lending. If this happens, it could create issues for other infrastructure lenders because IRFC typically has a lower borrowing cost, which allows them to distribute loans at a lower interest rate.

0 replies6 likes

SARASHI ASSOCIATION

Hey I am on Medial • 1m

Sarashi Association Need help for startup and grow.....My aim is to provide loans to common poor business people at very low interest rates, and much lower than normal banks and finance company like half interest loans, small medical expenses loans

1 replies4 likes

Vikram Kumar

Founder at Stockware • 5m

Navi Finserv Ordered to Cease Loan Disbursement by RBI 🚨 In a recent development, Navi Finserv, the NBFC arm of Sachin Bansal’s Navi Technologies, has been ordered by the Reserve Bank of India to cease and desist from sanctioning and disbursing loa

0 replies2 likes

shobhit shukla

Director at Prefinpa... • 3m

Want investor for my startup.😁 fintech in india and our target is to be a single channel for all financial things ( borrowing ). We tied up with Faircent , Cashe , lendenclub and also with Existed DSA's 36k+ users on app USP - Credit for low cre

0 replies4 likes

Inactive

AprameyaAI • 8m

India's Youth in a Debt Spiral Soon ? Easy Monthly Installments (EMI): The siren song of modern consumerism. But is it luring India's youth into a financial JHATKA ? 🔌 The EMI Trap Explained: → Attractive low monthly payments → Long repayment per

6 replies12 likes

Chamarti Sreekar

Passionate about Pos... • 4m

Wedding Loans: Matrimony's Genius Move 💍💸 Matrimony.com just launched WeddingLoan.com, offering loans from ₹1L-₹1Cr with EMIs up to 30 years! This bold step dives into India’s $130B wedding industry—the 2nd largest after food & grocery. Why this

0 replies9 likes

Rohith Karuturi

#ENTREPRENEURSHIP • 4m

"We’re building an online lending platform to make borrowing fair and easy for everyone in India. If you've faced high-interest rates or confusing loan terms, we’re here to offer a better way. Our goal is to make borrowing money clear, stress-free, a