Loan restructuring refers to a process whereby the borrower or debtor facing financial difficulties contacts the lender to renegotiate loan terms to get a lesser interest rate or…
Lending involves documentation, verification, creditworthiness analysis, disbursement, and many other processes. These practices result in enormous paperwork, from origination to collection.
With technology, niche fintech startups saturated the lending industry with innovative and reassuring loan management systems. These systems ensure that lending, disbursement, repayment, and collection can be done electronically, eliminating outdated legacy systems. But do you know the effective lending business strategies to adopt as a digital lender?