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:
No, actually the idea is something different I will not borrow money from any banks, sorry i don't want to disclose the main idea here but yes i don't borrow money from banks.
💡How Do Banks Really Work? Here's a Simple Visual Guide! 🏦
1️⃣ Banks take deposits from customers at ~4% interest.
2️⃣ They lend that money to borrowers at ~10% interest.
💰 The 6% spread is their profit.
🔍 Key Banking Terms You Should Know:
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2 replies7 likes
Kimiko
Startups | AI | info... • 21d
From SBI to HDFC, here are the banks minting money in style!
Hi everyone
Actually I need money so I am looking work from home. I don't want a job. I want any partner or any idea to do something big please help me to suggest some good work so that I can earn from first day. I will give my best.
Thanks
4 replies4 likes
Koushik Sabbi
Entrepreneur • 9m
I want a startup idea?
Don't bother about money?
16 replies4 likes
sharwan choudhary
Hey I am on Medial • 5m
I have best business idea to earn money
but don't have knowledge of software developer and I don't have money, so anyone interested can DM me
1 replies
Vineet Kumar Singh
Btech cse • 6m
I have a unique idea but I don't have a money to start that
7 replies7 likes
Sanjay Kuntal
Hey I am on Medial • 3m
I have a business idea but I don't have a money please support me
1 replies5 likes
Giggity
Memes,games, startup... • 9m
Do you guys use slice to borrow money I heard their interest rates are high compared to credit cards do you think slice makes sense.
0 replies2 likes
Anmol Pandhi
Building Loop • 1y
I have an idea and I have plans . I don't know how to actually get investment and actually get it to grow. I need some good partners in this project
