Centre for Excellence in Entrepreneurship and Development (CEED)’s Post

Please take part in this survey which will help us in understanding how business owners view and use digital lending methods, such as mobile applications, to secure loans. #DigitalLending #CEED #DigitalLoans Click here to take part - https://lnkd.in/dEcwxTME

💡 Money Minutes: The Impact of Credit Score on Loan Approvals and Interest Rates (Episode 9) Your credit score plays a crucial role in determining not only whether you qualify for a loan but also the interest rate you’ll receive. Here’s how: Loan Approval: Lenders use your credit score to assess your creditworthiness. A higher score indicates lower risk, increasing your chances of loan approval. Conversely, a low score could lead to rejections or limited borrowing options. Interest Rates: A strong credit score can help you secure loans at lower interest rates, translating into significant savings over time. On the other hand, a poor score often results in higher rates, costing you more in the long run. 🌟 Key Takeaway: Regularly monitor your credit score, clear outstanding dues on time, and maintain a healthy credit mix to ensure favorable loan terms. Stay tuned for more insights in tomorrow’s Money Minutes! #MoneyMinutes #CreditScore #LoanApproval #FinancialLiteracy #PersonalFinance School of Commerce Finance and Accountancy CHRIST University, Pune - Lavasa

💡 Money Minutes: The Impact of Credit Score on Loan Approvals and Interest Rates (Episode 9) Episode 9 is live now! 📊 Your credit score isn't just a number—it’s a key factor in determining your loan approval chances and the interest rates you’ll be offered. In today’s episode, we break down how your credit score affects these crucial aspects of borrowing. 🌟 Key Takeaway: Keep an eye on your credit score, pay your dues on time, and maintain a good credit mix to secure better loan terms and save money in the long run. Don’t miss tomorrow’s Money Minutes for more valuable financial insights! #MoneyMinutes #CreditScore #LoanApproval #FinancialLiteracy #PersonalFinance #CFCP   School of Commerce Finance and Accountancy   CHRIST University, Pune - Lavasa

Episode 9 of Money Minutes is out! 📊 Today’s topic: How your credit score impacts loan approvals and interest rates. Did you know a good score not only increases your chances of getting approved but can also help you secure lower interest rates? Learn how to improve your credit health and save money in the long run. Catch the full details on the Centre for Financial Consultancy and Planning’s LinkedIn page. #MoneyMinutes #CreditScore #LoanTips #FinancialPlanning #PersonalFinance School of Commerce Finance and Accountancy CHRIST University, Pune - Lavasa

Businesses exist to meet market demand, create value, generate profit, provide employment, drive economic growth, facilitate trade and exchange, innovate and adapt, and contribute to the betterment of society. But how can businesses manage to do all of it if there are no takers for their offerings in first place? Every business strives and works hard to keep their business in good humor except the Banking Business. They spend a lot to acquire every single customer. Their main source of earnings are loan products. Once their acquired customer becomes a defaulter, starts a drama to lose that customer through recover money tactics that prove to be costly for both the borrower and the bank. Banks and bankers act as if they are working for their bosses. This attitude is especially highlighted when they go after shutting down and forcefully sell the assets of Stressed SME Account. How can they forget the basic truth that ‘The customer is not an interruption of our work—he is the purpose of it. (M.K.Gandhi)’ If you or anyone you know is going through gruelling financial times and facing unruly recovery tactics by banks, call in for help 📱 +𝟗𝟏𝟖𝟗𝟐𝟖𝟐𝟖𝟗𝟎𝟕𝟎 📧 𝐢𝐧𝐟𝐨@𝐧𝐩𝐚𝐜𝐨𝐧𝐬𝐮𝐥𝐭𝐚𝐧𝐭.𝐢𝐧 🌐 𝐡𝐭𝐭𝐩𝐬://𝐰𝐰𝐰.𝐧𝐩𝐚𝐜𝐨𝐧𝐬𝐮𝐥𝐭𝐚𝐧𝐭.𝐢𝐧 🏢 𝗔𝗱𝗱𝗿𝗲𝘀𝘀: 418, Summit Business Bay, Behind Guru Nanak Petrol Pump, Off Andheri-Kurla Road, Mumbai, India, Maharashtra Call and visit us.

41.6 Mn personal loans were disbursed in FY 24 ! ( first half) The rise of personal loans and the need for credit in India is undeniable, yet penetration remains limited. While unsecured loans are prevalent, there's still untapped potential. A small ad in Mumbai locals serves as a reminder of the vast market waiting to be reached. Personal loans not only fulfill financial needs but also fuel aspirations. What's the right credit line for Bharat's growth story narrative? How can we ensure access to credit for those truly in need! Curious to know what are some startups that are building credit access for Tier 3 cities & towns? #CreditAccess #FinancialInclusion #BharatGrowth 📈

Arthan Finance, a non-banking financial company (NBFC) focused on providing loans to self-employed nano and micro entrepreneurs, has successfully raised Rs 50 crore in Series B funding. The investment was led by Incofin India Progress Fund and the Michael & Susan Dell Foundation, marking a significant milestone for the company. The newly secured funds will be used to expand Arthan Finance’s assets under management, increase its geographic presence, and enhance its technological capabilities through investments in AI and ML-based underwriting systems. “This funding is crucial for our next phase of growth. We are committed to enhancing our technological capabilities and expanding our reach to serve more micro and small enterprises in underserved regions. Our partnership with esteemed investors such as Incofin and the Michael & Susan Dell Foundation reinforces our mission to drive financial inclusion in India,” said Kunal Mehta, Founder and Director of Arthan Finance, in a statement. Arthan Finance currently operates in Maharashtra, Odisha, Andhra Pradesh, and Telangana, providing growth capital to self-employed nano and micro enterprises in small towns. To date, Arthan Finance has disbursed over Rs 500 crore to more than 20,000 borrowers, with loan amounts ranging from Rs 2,000 to Rs 20 lakh. The company’s use of AI and ML-based underwriting systems ensures efficient risk assessment and loan disbursement processes, targeting an underbanked population of more than 11 million nano enterprises with an estimated credit demand exceeding $25 billion. “The small businesses that Arthan is empowering represent a big opportunity for the future of India,” said Geeta Goel, India Country Director at the Michael & Susan Dell Foundation. #ArthanFinance #NBFC #Fintech #Funding #FundingAlert #FundraiserAlert #SeriesBFunding #AI #ArtificialIntelligence #ML #InfocinIndiaProgressFund #MichaelAndSusanDellFoundation #MicroEntrepreneurs #NanoEnterprises #FinancialInclusion #Maharashtra #Odisha #AndhraPradesh #Telangana #AllBoutCorps

📢Important Update: Fintech Confidence Up with Digital Lending Changes! RBI Governor Shaktikanta Das pointed out that the rules for digital lending have boosted private investors' confidence in the fintech sector. Rather than causing concerns, these guidelines have increased investors' investment certainty, fostering industry growth and improved regulatory oversight. #fundsutra #RBI #digitallending #lending #fintech #fintechgrowth #investment #digitalpayments #financialnews #finance #newsupdate #indianews #businesnews #news #money #india #pune #pcmc #aurangabad #mumbai #thane #nashik #ahmedabad #bangalore #hyderabad #gujarat

Small and medium businesses (#SMBs) form the backbone of India's #economy, yet many face significant challenges in accessing formal credit. This financing gap presents a compelling #opportunity for #fintech founders to leverage #technology and drive #innovation in SMB lending. Currently, SMBs seeking credit often encounter obstacles such as lack of credit history, complex documentation requirements, and insufficient collateral when approaching traditional #lenders. As a result, many turn to informal sources, contributing to a fragmented #market estimated at over $500 billion. To address these challenges, fintech #innovators can focus on four key solution areas. Anchor lending, for example, involves introducing a credible anchor between lenders and borrowers. Anchors help reduce #operational costs and minimize non-performing assets (NPAs) by sharing risk through mechanisms like First Loss Default Guarantee (FLDG) or providing #borrower data for underwriting. Embedded lending is another promising solution, where #financial options are integrated with non-financial products or services. This approach enhances #loan conversion rates and reduces distribution costs by embedding lending services into existing #customer relationships. Sunrise sector lending targets emerging sectors with high #growth potential, anticipating future financing needs not adequately addressed by traditional underwriting processes. Lastly, sachet lending focuses on small loans (less than Rs 2 lakh) for short durations, leveraging #digitization to reduce operational costs and enable prompt loan disbursement. "As India's economy continues to evolve, the role of fintech in bridging the SMB financing gap is paramount. These innovative solutions not only address longstanding challenges but also pave the way for sustainable growth and economic empowerment. Fintech founders have a unique opportunity to revolutionize the lending landscape, driving financial inclusion and unlocking the potential of India's vibrant SMB sector." Sachin Salunkhe Chairman, Blackhat Syndicus