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Shivam Malhotra

Founder of stockkhat... • 1y

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:

Yagnesh Gadhvi

Nothing • 1y

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 Reply

Replies (1)

Shivam Malhotra

Founder of stockkhat... • 1y

Actually this is not a proper loan, idea is something like this if you heard about something kitti or kameti like system example if there is a group of 10 people all they have to contribute 1000 per month any member of the group will get pooled amount every month so the main problem is if a user get pooled amount on first month if they will not pay 1000rs from next months so other users will not able to get the whole amount, i want everyone will pay 1000 rs every month without doing any scam

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Sahil

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hii , At the age of 19 I have unfortunately taken a loan for my friend in mpocket and the loan was never paid.I have neglected that time because I don't have money .Now I am salaried with 5.2 lpa but I have less credit scores , so no credit card are

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Rahul Shurv

Asking stupidest que... • 1y

Whats the problem with Kolkata ( west bengal ) ? Why is it not even competing with other major cities inspite of being The golden city for business at a time ?

Politics

Bengal Devision

Changing Trade routes

Other ( Do tell me more)

Votes: 26

3 Replies

Anonymous

Hey I am on Medial • 10m

Hey I am new to credit card game, purchased a product from flipkart I have some doubts regarding repayment Do i need to manually repay loan in credit card section of my bank app or it will automatically debit? I’m using canarabank credit card

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Ashvini Gupta

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Is it right to start a startup by taking a loan????

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Samanth Shetty

Building Nestsure • 3m

Are there any Bank official who works in loan department? had one doubt. Please answer it below Doubt : If a business needs 45cr capital, and i need 2cr loan from a bank ( Paid-up capital is just 6 crore, and 38cr loan is sanctioned from a bank ). S

Celine

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Is taking a study loan after class 12 for IIMs are worth it???

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Rohan Saha
•

YouTube • 1y

Is it possible to receive a loan with a 7% interest rate without security?

Kamar Thakur

Real estate and fina... • 13d

Who has -1 CIBIL means they never took a loan but today they need a loan, then all people can contact us but only for employees or business owners from 1lacs to 5lacs.Those who do not need it, please do not waste your time.Everyone has a need, but no

Vishwanath prabhu

Vishlists • 2m

Huge news, everyone! For ages, I've been searching for an EMI calculator that actually gives a detailed breakdown of how much a loan would truly cost over time. You know, beyond just the monthly payment! Since I couldn't find exactly what I needed,

Just the monthly EMI amount

The total interest paid over time

The entire payment schedule

All of the above!

Votes: 2