Category: Lending
September 2, 2021
How To Find the Right Loan Software Provider for Your Lending Business?
The right loan software provider can make the daunting process of lending, a relatively easier one for you. Loan origination software helps streamline the complex steps and multiple stakeholders associated with lending and makes the process more foolproof and efficient. There are quite a few[...]
August 12, 2021
5 Reasons Why Your Lending Operations Need an Urgent Update
The world of lending has been undergoing a sea change ever since automation came into the picture. Lending is no longer limited to banks and NBFCs. More and more small lenders are slowly dotting the lending scene and are competing with banks steadily by offering[...]
July 29, 2021
Benefits of Digitizing your Small-Business Lending
Small businesses, worldwide, are struggling. An April 2021 update by the World Economic Forum (WEF)[1], stated that 34% of US SMEs haven’t re-opened since January 2020. A recent White House fact-sheet[2], categorizes the rest to be non-competitive. It observes that “Small & Independent businesses had[...]
July 8, 2021
Loan origination software: Why it is popular among SMEs?
Loan origination is no longer the extended, laborious process we knew it as, a decade back. For years, traditional banking methods had us believe that loan sanctions were not an easy feat to achieve. Applicants needed to be present throughout the application process which could[...]
June 24, 2021
How COVID 19 has Changed the Demand for SME Lending?
29% of small businesses fail because they do not have sufficient capital. Only 48% of small businesses have their funding needs met. 56% of SMEs apply for a loan to expand their business, acquire new assets, or pursue new business opportunities. 36% of SMEs were[...]
May 20, 2021
Increase Efficiency Of Lending Operations With Cloud Software
The fintech lending industry is set to grow at a whopping rate in the next couple of years. P2P lending itself is expected to reach the U$567.3 Bn mark by 2026, with an expected CAGR of 26.6%. Competition is ripe in the industry and so[...]