Lend.In Recognized as the Top Vendor in 'Emerging Category' in the Commercial Loan Origination Report by Aite Group
The Indian Credit Market is highly volatile and the country is currently facing an incredibly low credit to GDP ratio. It has a very high ratio of gross non-performing assets (GNPA) to total assets and is also facing a historically low loan recovery percentage. Despite this situation, many sectors around the country are claiming resurgence. However, a deeper analysis of the patterns over a longer time reveals that these sectors experiencing significant credit growth have routinely experienced subsequent growth slowdowns as ‘rapid credit booms have been followed quickly by busts.’
With financial institutions constantly expanding their reach, the issuing of different and newer forms of credit became a necessity. In an effort to become popular among customers, advantages were given to those seeking this credit in the form of non conventional or targeted loans. Two- wheeler loans are one such example where, as the name specifies, are loans disbursed for a specific end-use. The loans are applicable to all segments of two-wheeler vehicles, ranging from scooters to motorcycles.
A loan against a credit card is a modernized form of a personal loan. Many individuals now opt-in taking these loans as a means of financing that can help meet monetary needs in a relatively short period of time. The attractiveness of this loan product comes because of the ease of applying. If an individual has a credit card in their name, financial institutions can obtain customer data through the original credit card application in the database without the customer having to submit any new documents.
Lending institutions provide loans to the suppliers of anchor firms by directly paying its supplier against the invoices accepted by the anchor. Supply chain finance involves a process with multiple stakeholders like buyers, sellers, and financial institutions during the transaction. With more SMEs and MSMEs opting for supply chain financing, it becomes imperative for lending institutions to have robust workflows that can handle these complexities of the process & thereby improve business efficiency bringing more value to the buyers and sellers.
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