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Shivam Malhotra

Stealth • 7m

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

Stealth • 7m

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

Replies (1)

Shivam Malhotra

Stealth • 7m

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

0 replies

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Praveen Kumar

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Anonymous

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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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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 ?

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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 • 8m

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

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Venkataraghavan

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when u don't do something to others is done to u ... it hurts a lot

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Prince Bhakat

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Does taking a loan from a bank for doing startup is good or is it bad option comment down your views.....

5 replies2 likes

Anonymous

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Is it possible to get a loan under mudra scheme for a 20 year old for building startup I’m salaried ( 7.2 LPA CTC) 8 months of experience I don’t have good cibil score coz i never took a loan before I want to quit my job to fully concentrate on

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Rohan Saha

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The fundamental difficulty in the financial industry is managing liquid capital for operating expenditures. A standard overdraft facility costs us 7-8% per year. Taking a loan for your operation is not a wise idea since it has a significant impact

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