Machi Navi

COIMBATORE: CASHe, a digital loan company for young millennials, promoted by serial entrepreneur and private equity investor V Raman Kumar, announced its partnership with Mswipe, a leading provider point-of-sale (POS) mobile payment services to launch CASHe ’emi’ Mcards for its customers. The co-branded Mcard will offer customers instant pre-approved credit …

In a historic service rollout, HBL has now started providing instant loans to those in need via a touch on its mobile app. HBL has now become the first commercial bank in Pakistan to offer seamless access to different types of loans. The service accessible through the HBL Mobile app …

Published on 21 November 2018, 02:21 The internet has revolutionized the way we live and almost everything we do, including borrowing money with the click of a button. There are times when we are in dire need of money and applying for bank loans can take a long time. To …

Mortgage Choice data shows demand for fixed rate loans is increasing, with the type of loan increasing 6% in September for all loans taken out to almost 24%; the highest fixed percentage rates are since december 2017. Looking state by state, fixed rate mortgages were most popular in Queensland with …

Google Pay works with all major Indian banks on UPI (Unified Payments Interface). Alphabet Inc’s Google has rebranded its digital payment platform app, Tez, as Google Pay. According to a Reuters news agency report, Google said it was teaming up with a handful of Indian banks to offer quick loans …

India’s booming payments market is attracting established global players, and Alphabet Inc.’s Google (GOOGL) aims to increase its market share with new launches. At the annual Google for India event, the company announcement it was renaming its old Google Tez mobile payment app to Google Pay. The update also comes …

New Delhi: People looking for small instant loans— ?? 10,000 to ?? 7 lakh — can go into the digital lending marketplace, where digital lenders bring banks and borrowers together, facilitate access to loans, and through automation put all required documentation into a digital format. Through data analysis, digital lenders …

Google Tez will now be called Google Pay. Google Tez is now Google Pay. At the Google For India 2018 event on Tuesday, the tech giant announced that Google Tez is getting new features and a new name. Google Tez will now be called Google Pay. “Other than the name, …

At ‘Google for India‘, the internet giant has announced the rebranding of its payment app Tez. The application will now be called Google Pay. However, apart from the name change, there are no other significant changes in the functionality offered by the payment application. Interestingly, besides payments, Google also works …

Google TEZ will now be renamed Google pay, the company announced during the 2018 edition of the Google for India event held Tuesday in New Delhi. Additionally, the BHIM UPI app (a government-built platform) will now allow users to get pre-approved loans through the app. It will now only take …

New Delhi: Google India announced on Tuesday that it has renamed its Indian payment app Tez to Google Pay and has partnered with four banks to provide instant loans to app users. In the coming weeks, Google Pay users will be able to access personalized loans from HDFC Bank Ltd, …

Indiabulls Housing Finance Manager Says Raising EMI Is Better Than Extending Loan Term The corporate sector had hoped otherwise, but the Reserve Bank of India (RBI) today raised its policy rates by another 25 basis points. This will likely make home and car loans even more expensive, and real estate …

HFC Managing Director Sam Waweru (left) shows HF Group Chairman Steve Mainda (center), HF Group Managing Director Frank Ireri how to activate HF Whizz, the bank’s new digital banking solution. It has become a normal trend for local banks to adopt an online platform / app for their customers – …

MobiKwik today announced a strategic partnership with Bajaj Finserv to offer instant loans to its customers. MobiKwik users will get an instant loan of Rs 5,000 on its app. The company says the credited loan amount can be used by app users for a variety of payments, including bill payments, …

Expanding its portfolio of value-added internet services, Xiaomi launched its own Mi Credit instant loan platform in India. The platform lists financial loan providers that MIUI users can access to apply for quick loans. MIUI users can avail personal loans of Rs 1,000 to Rs 1 lakh from the only …

Sterling Bank Plc announced the launch of Specta, an instant lending platform that offers consumer loans up to N5 million in five minutes. The product was unveiled in Lagos on Thursday, the lender said in a statement on Sunday. The lending platform uses proprietary data and analytics to process and …

Financial institutions and fintech companies have launched several small credit products in India over the past 1-3 years. It is now possible to get loans even on your mobile phone. But how do you pay for this convenience? Here is an overview of the interest rate on some of the …

There are still eight days until the next salary, but many young people are already strapped for money. When 25-year-old Urvashi needs money after putting out all her monthly income, guess who she turns to? His loan shark is not his friend, his father, or his best friend at work. …

Paytm plans to offer loans for gold stored in its clients’ digital lockers, two months after the SoftBank Group Corp-backed company began selling the yellow metal on its e-commerce platform. “With a few clicks, the gold you have can be used as collateral to get an instant loan,” Krishna Hegde, …

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Customers groan when they hear the age-old advice to “read the fine print.” It’s tedious, long and boring full of heavy financial jargon. It’s nearly impossible to spot the sharks until it’s too late to turn back, they say. The same goes for certain types of loans. It’s no secret …

As banks and financial institutions expand their retail lending business at a time when business lending looks poor, they are turning to technology. Most of the banks have launched instant loans and with this the time to get the loans has decreased considerably. But a bank’s desperation for business shouldn’t …

INTEREST rate hikes by banks have caused anxious borrowers to rush to lock in rates before they rise again. Should we do the same? Off-cycle interest rate hikes have pushed home loan repayments higher for many borrowers, and as a result, more and more people are turning to fixed rate …

Decision-making information This story was delivered to BI Intelligence “Fintech Briefing” subscribers. To learn more and register, please click here. UK bank Barclays has rolled out a new service through its mobile app to allow its existing small and medium-sized enterprise (SME) customers to apply for and potentially be approved …

BankBazaar.com, an online marketplace for financial products, has launched a multi-brand, paperless e-KYC platform for instant loan approval. This eliminates the need to submit physical documents for loan approvals through the company’s online platform. Currently, the service is available for personal loans and auto loans, according to a statement released …

Citibank India, the country’s most profitable foreign lender, focuses on instant loan disbursement to cross-sell at a rapid pace and grow its retail portfolio (individual borrowers). After launching instant personal loans a few quarters ago, the lender launched instant mortgages and instant credit cards for existing customers. Banks are increasingly …

BOCA RATON, Florida, July 21, 2016 / PRNewswire / – Lend one, one of the nation’s fastest growing online lenders for real estate investors, today announced its newest lending product: RentalOne. Designed exclusively for real estate investors, RentalOne is available as a 30 year fixed rate loan for the purchase …

New Delhi: Your mobile wallet, which meets your needs for instant cash in electronic form for various transactions, will also allow you to help businesses plan to add an instant loan facility to their offerings. The rapid pace of growth in mobile banking, coupled with the growing appetite for smartphones …

Interest rates on home loans, auto loans and personal loans will decrease with the implementation of the new marginal cost-based lending rate (MCLR), which took effect on April 1. Floating loan products like auto loans and personal loans offered by public sector banks can become fixed rate loans. Private banks …

When it comes to fixed rate loan pricing, we see banks doing some crazy stuff. For example, if your bank is pricing a fixed rate spread using a floating rate index like Prime, then go straight to jail, don’t go Go and collect $200, – that’s an asset-liability tragedy. It’s …

By Mozo · Thursday, December 5, 2013 2 minute read With the Reserve Banks’ latest move to stay at 2.50%, it looks like the rate-cutting cycle is coming to an end as borrowers flock to lock in low rates through fixed-rate lending products in November. . Applications for fixed-rate home …

Aussie announced cuts to its own fixed-rate product, which the company says makes an Australian home loan the most competitively priced in the market for fixed terms of two and three years. The group has lowered its two-year fixed rate from 0.40% to 4.89% per annum and its three-year fixed …

Unemployment is a problem in which you have no source of income. As we all know, to meet our needs we have to organize money. You can ignore or neglect the luxurious needs but you cannot avoid your basic necessities like fabric, food, daily expenses, etc. on the other hand, …

MUMBAI: Switzerland is fast becoming the fundraising hub for Indian companies, looking to borrow from Europe’s new money reserve. Cheap interest rates and lower currency hedging costs are prompting domestic firms to turn to the cash-rich financial institutions of the European country, famous for its bank secrecy laws. In the …