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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

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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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