Online loans

A pioneering online lending platform – Press releases

CashX is one of the pioneer platforms in Sri Lanka to provide facilities for cashX online lending. CashX has many advantages while providing you with online loans, cash loans, and fast cash loan services. Online loan CashX offers a great opportunity for an online 15 minute cash loan with a 50% discount. The loan amount […]

Online loans

The advantages of online loans

Online loans are usually hidden in the media, but is it really that bad? Here, we’ll take a closer look at whether there are any benefits to online loans so you can better determine if you should take out a loan online. A large supply increases competition It may not immediately seem like an advantage, […]

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Online loans take an employee’s life

In a shocking incident, a 23-year-old agricultural extension worker in K. Mounika district died Tuesday evening at Gandhi Hospital while undergoing treatment after consuming a toxic substance on Monday evening. She was reportedly pushed to take an extreme step due to harassment from an agency offering instant loans online. According to the police, Mounika, a […]

Online loans

Easy Online Loans Put Customers In A Vicious Loop – The New Indian Express

Express news service CHENNAI: A simple search of the Google Play Store shows hundreds of apps, such as Udhaar Loan, Snapit Loan, Rupee Bazaar, Rupee Factory, OK Cash, Paisa Loan, Cash Advance, Top Cash and iEasy Loan, among others, which offer instant money. Although the names of the applications differ, almost all use the same […]

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AirAsia’s BigPay, seven more people get green light to provide loans online | Malaysia

AirAsia Group CEO Tan Sri Tony Fernandes (center) said the approval was a lifeline for BigPay. – Photo by Shafwan Zaidon KUALA LUMPUR, November 13 – AirAsia Bhd’s digital wallet provider BigPay Later Sdn Bhd, along with seven other ‘licensed credit community’ companies, have obtained approval from the Department of Housing and Local Government ( […]

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Online loans: Lendingkart’s loan book jumps 80%, posts profit of Rs 42 crore

Lendingkart, backed by Fullerton Capital, doubled its profit to Rs 42 crore in fiscal 2020, increasing its loan portfolio by 80% to Rs 2,400 crore during the period. The lender, which mainly caters to small and medium-sized businesses and retail borrowers, increased its interest income by 113% to Rs 465 crore compared to the same […]

Online loans

MSME lending: How data-driven online lending access will empower small businesses

Digital lending startups offer full automation of end-to-end lending services. Credit and financing for MSMEs: Narayan was in dire need of working capital to handle the booming demand in his restaurant. However, due to the lack of formal credit, traditional lenders could not meet the requirement. It was then that Narayan learned that digital lending […]

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5 Benefits of Instant Online Loans and How They Can Help You Save Money

The times have changed; now almost anything can be done online, including banking, credit card applications, and loan applications. In the past, consumers had little choice when it comes to loans. They could go to a bank or a building society. Today we have something called online Instant guaranteed loans helping people like you – […]

Online loans

OJK: More women in trouble with illegal online loans than men

TEMPO.CO, Jakarta – The Financial Services Authority (OJK) said that women have more problems with financial technology (fintech) lenders who are not registered. The head of the OJK’s investment warning task force, Tongam L Tobing, said this was based on the number of reports written by more women than men. He said three out of […]

Online loans

US online lending company SellersFunding lands in UK

Alternative loans SellersFunding is launched in UK and Canada, with plans for other European offices to come. Image source: Rawpixel.com from Pexels A US lending company for online businesses has been launched in the UK and Canada, with plans for further European expansion “in the near future”. SellersFunding officially opened offices in London and Canada […]

Online loans

(ALLY) – Online loans: expectations vs. Reality

Since the 2008 financial crisis, many banks have tightened restrictions on their lending criteria, making it more difficult for borrowers to get approved for a loan. Although there are many reasons for this, people are now turning to non-traditional ways of getting approved for loans. One example is online banks, which are more than happy […]

Online loans

Points You Must Consider Before Applying For Instant Online Loans

It is better to stay away from instant online loans; there could also be heavy penalties for prepayment SubjectsPersonal loan | Instant loans Did you receive an email in your inbox that said, “Instant personal loan in one click” or “Take advantage of an instant loan in a few clicks”? If you needed the cash, […]

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JPMorgan Chase To Offer Online Loans To Credit Card Customers

JPMorgan Chase is the latest bank to see the opportunity to offer new loan products to existing credit card customers. From the end of the year, eligible cardholders will have two new types of loans available to them. One, called My Chase Plan, is a loan with a fixed monthly fee instead of an annual […]

Online loans

Choice of Law Clauses in Online Consumer Lending

Courts and regulators have carefully scrutinized Internet lending, beginning with the 2008 decision of the United States 10th Circuit Court of Appeals in Quik Payday Inc. v. Stork. The court found that Quik Payday was required to obtain a license to offer payday loans to Kansas residents despite offering the transactions under Utah law. Following […]

Online loans

US Bank takes on fintechs with new online lending, card for small businesses

This week, US Bank is launching two offerings for small businesses looking to outperform fintech rivals like OnDeck Capital and Kabbage, which have snatched market share from banks. The Minneapolis bank has created an online small business lending platform that can make lending decisions in a day. And it’s created a small business credit card […]

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Online loans: Easy and convenient, but too expensive – Reviews

Boy Hazuki Rizal (The Jakarta Post) PREMIUM Jakarta ● Mon 29 January 2018 Online borrowing is gaining popularity in Indonesia as it is now easy for people to use the internet to access funds. There are 28 financial technology (fintech) startups that are already registered with the Financial Services Authority (OJK). These fintech startups offer […]

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Online loans worsen consumer debt, Fed study finds

Online lenders are framing themselves in virtuous terms, claiming that digital innovation has enabled underserved U.S. consumers to refinance expensive debt at lower interest rates, while improving their credit scores. But provocative new research from the Federal Reserve Bank of Cleveland casts doubt on this optimistic outlook. Indeed, the study reveals that borrowers who use […]

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Technology-powered online lending will be sorely tested in 2016

It has become very easy to get a personal loan in the United States thanks to Silicon Valley. Many venture capital-backed companies have sprung up in recent years, fueled by new underwriting technologies, consumer-friendly websites, and a willingness to lend money where banks won’t. Personal loans funded on the internet finance site Credit Karma jumped […]

Online loans

Now you can get loans online in minutes, but at what cost? – Orange County Register

Jason Berry and Stuart Hecker are familiar with the promises – and the pitfalls – of online lending. In the summer of 2011, business partners were pushing back creditors and struggling to keep the doors open to their Anaheim-based auto repair chain. They asked Wells Fargo for a capital injection but were quickly shot. Desperate, […]

Online loans

Wincanton Lending Faces Online Loan Complaints

Nine people have filed complaints against Wincanton Lending and 835 people have asked the Better Business Bureau about the Atlantic Canada loan company, the BBB reported on Wednesday. The BBB said consumers said they paid money to insure the Wincanton Lending loans, but did not receive any money in return. The BBB is waiting to […]

Online loans

German online lending platform Smava raises $16 million – TechCrunch

Here’s additional funding for a European fintech company that specializes in online lending. Germany’s Smava – a peer-to-peer lending platform where investors provide the funds to lend money to borrowers – raised $16m in funding led by Phenomen Ventures, along with existing investors Earlybird and Neuhaus Partners. Phenomen’s track record in fintech investments includes backing […]