Why do you think that in the last 2 years, the Number of Instant Loan Startups have skyrocketed, and also almost every company have started to provide loans?
Like what happened in this period that have helps these companies dicide whom to give loans
Because of the way they collect their loans back.
Instead of asking the debtors to pay in emis, they collect a fixed amount daily from their bank accounts. And Thus their NPA% is less than the NPA of big banks as well.
So Ashneer Grover has finally launched ZeroPe!
It basically just provides pre-approved medical loans of up to Rs 5 lakh at their partner hospitals.
Considering that many other banks and startups are also offering pre-approved loans, do you think it
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6 replies13 likes
Hawk
Ā ā¢Ā
MedialĀ ā¢Ā 1m
šš¤£ Spam: State bank of India calling through a private number informing me that press 9 else all my accounts from all the banks under my name will be closed š¤£š
5 replies13 likes
Jayant Mundhra
Ā ā¢Ā
Dexter Capital AdvisorsĀ ā¢Ā 4m
Imagine a bank hiring 500 people, and laying off way more than that next year šš
Itās very very uncommon. And yet here we are!
..
What has happened?
-> YES BANK has laid off about 500 people with a three-month severance pay, and more layoffs mi
Does anyone know any bypass of purchasing open ai api as an individual?
Also they are not allowing free credits to new accounts.
I have observed they are not allowing even the paid access to accounts registered using public email ids like Gmail, Ya
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0 replies6 likes
Payal Manghnani
StealthĀ ā¢Ā 5m
Two students experienced a severe shortage of water while attending college. To overcome this challenge, they developed a method to collect water from the air. Their brilliant idea not only solved the water crisis but also led to an impressive income
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1 replies3 likes
Sagar Anantwar
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SimpliFinĀ ā¢Ā 2m
Do you invest all your savings into Fixed Deposits? Big mistake, read more
Fixed Deposits (FDs) have been a staple of Indian households for decades, but how do they fit into a modern investment portfolio? Letās break it down:
š¹ Not a Growth Asset
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2 replies4 likes
Dinakar
StealthĀ ā¢Ā 6m
The 2008 financial crisis -
During the late 1990s, America was getting a huge inflow of foreign funds from Russia and many Asian countries. American banks naturally didn't want the money just lying around earning no interest, so they made it easier
Wedding Loans: Matrimony's Genius Move ššø
Matrimony.com just launched WeddingLoan.com, offering loans from ā¹1L-ā¹1Cr with EMIs up to 30 years! This bold step dives into Indiaās $130B wedding industryāthe 2nd largest after food & grocery.
Why this
Tirumala Tirupati Devasthanams Trust's bank balance is Rs 18817 Cr. Trust earns 1600Cr interest on fixed deposits annually. Also they have gold deposit of 11329 Kg. One of the largest player of Indian Temple Economy.
0 replies3 likes
Havish Gupta
StealthĀ ā¢Ā 8m
OYO is Now Profitable.
In the latest Quarter, OYO reported a profit of 30 Crore Rs. And this is impressive with considering the fact that during Covid, it losses had hit almost 12,000 crore.
But how did they did this?
1) firstly they closed more th