OMLP2P Blogs

Awareness & High Investment Cap to boost P2P lending Surendra Jalan - OMLP2P

The size of peer-to-peer (P2P) in the USA is a whopping $35 billion, and Surendra Jalan of OMLP2P sees a huge potential in India going forward. Small ticket loans upto Rs 500,000 have higher potential, and Jalan believes that an increase in P2P lending awareness will supplement the growth, as lack of awareness has been a major roadblock for the P2P industry. Jalan confirms the plan to disburse around ₹ 250cr in next 2 years, and also being in talks with investors to raise funds in the future.

What Is Considered as the Best Interest Rate for Personal loan?

Aug 31,2021      OMLp2p Loans, Personal Loan, Digital Loan, Online Borrowing

Interest rates are probably the primary thing you consider when opting for any loan. The lower, the better, right? Though, the answer is not that easy. Personal finance interest rates depend on varying factors and are normally subject to fluctuations. Besides, since the personal loans are unsecured in nature, interest rates can be on higher side when compared to home or auto loans. Let's take a

Key reasons for Business Loan application rejection

Aug 31,2021      CIBIL Score, OMLp2p Loans, Digital Loan, Online Borrowing

Why Business Loan application got rejected? Getting business loan application rejected doesn't mean it's the end of the road. The most important factor is to understand why loan application got rejected. Banks, Financial Institutions or Lenders usually provides reasons for why they rejected a loan application. They can't approve all loan applications for obvious reasons. Reasons why Business L

How to utilise your yearly bonus or increment

Jul 28,2021      Savings, Peer to Peer Lending, Investment

It is that time of the year when most companies would have paid out the yearly bonuses or pay raise. But given the economic ambiguity on account of the COVID-19 Pandemic, it is possible that many salaried professionals got a lower than estimated bonus or perhaps none at all. According to the Centre for Monitoring Indian Economy (CMIE) data several salaried employees are vulnerable to losing their

Saving and investing funds during uncertain times

Jul 27,2021      Savings, Peer to Peer Lending, Investment

The COVID-19 crisis has caused enormous disruptions in our lives, not just to our jobs but to our wellbeing as well. Businesses have been forced to temporarily shut down to support efforts in limiting the pandemic, with some even ceasing operations due to the enormous losses incurred during the lockdown period. For individuals living on monthly salaries, the sudden loss of income brings heavy f

Get Equipment Finance without Security in India for Your Business

Jul 06,2021      OMLp2p Loans, Digital Loan, Online Borrowing

There are many types of finance/loans options available to an individual and businesses in the market like housing loan, vehicle loan, business loan, education loan, marriage loan etc. The business loan includes several types of loans out of which equipment financing is one category. An equipment financing is a business loan's that specific category that is obtained purchase of equipment's

A Personal Loan to Pay off Credit Card Bills- Is it a smart decision?

Jul 01,2021      Credit Card, OMLp2p Loans, Personal Loan, Digital Loan, Online Borrowing

Everyone wishes to have an abundant stream of cash to splurge whenever, wherever he/she want. Here, credit cards play a crucial role when you are short on cash & credit cards offer a slightly superior limit than your financial capability. Carrying several credit cards is clearly becoming the new standard and symbolic of societal prominence. Nevertheless, it is only a wise decision when you use cre

Easy Personal Loans for Government Employees

Jun 29,2021      OMLp2p Loans, Personal Loan, Digital Loan, Online Borrowing

Whether you are dealing with unexpected medical expenses or planning your child's higher education or marriage, you need a large sum at once. Therefore, taking a personal loan makes a lot of sense. If you are planning to take care of an urgent expenditure, all you need is personal loan at competitive interest rates, which is remarkably easy to avail for government employees. With a secure incom

Secured vs Unsecured Personal Loan: What is the Difference?

Jun 25,2021      Borrowing, OMLp2p Loans, Personal Loan

Emergencies or unwarranted expenses may knock your door without any warning e.g health emergency, a sudden expense or want to go on a trip etc. which will make you wonder to which financing option to opt, a personal loan may be the best solution. It is quick and easy to process, requires minimal documents and the loan amount get disbursed in your bank account. Another useful feature of a person

Is Taking a Joint Personal Loan Beneficial?

Jun 23,2021      CIBIL Score, Personal Loan, Digital Loan, Online Borrowing

Several borrowers opt for a joint personal loan with a co-applicant - usually a family member. As a result, the co-applicant also becomes responsible for the loan repayment. Should you opt for a joint loan? When you get a co-applicant, your eligibility for the personal loan enhances. Before proceeding, you need to know about two important things a. Credit Score: The credit score of your co-

Personal Loan Vs Credit Card? Which One is Better for Funding Travel needs?

Jun 22,2021      Borrowing, CIBIL Score, Credit Card, OMLp2p Loans, Personal Loan, Digital Loan, Instant Personal Loan

Everyone needs a holiday occasionally to unwind. But whether it is 7 days backpacking trip or a weekend getaway, travelling can weigh heavy on your pocket. Many people opt for a credit card or a personal loan to fund their expeditions. But is one better than the other? Using Personal Financing for Travel Personal financing offers various advantages. It is an unsecured loan, which can cover all

How to Manage Family Finances and Adjust Lifestyles during the COVID-19

Jun 21,2021      Borrowing, Investing, Savings, Digital Loan

It is famously said that the only uncertainty is certain. No human being ever has managed to prepare for what the future holds for them, and uncertainty is a big part of our existence. The current times are the perfect example of the uncertainty playing havoc and turning lives upside down. The unforeseen advent of the COVID-19 pandemic has adversely impacted the entire world. It has thrown governm

How to build an Emergency Fund in 2021?

May 07,2021      Savings, Peer to Peer Lending

The ongoing Covid-19 pandemic has hit India's economy hard, triggering a credit crunch for many people. The mishap has made many families realize the importance of having an emergency fund. A contingency fund or an emergency fund is a specified amount set aside for unforeseen emergencies. These can be medical emergencies, short-term job loss, salary deduction or sudden travel due to family eme

How to Apply for a Top Up Loan?

Apr 14,2021      Borrowing, OMLp2p Loans, Loan, Personal Loan, Digital Loan, Online Borrowing, Instant Personal Loan

A top-up loan is an additional amount you can borrow over and above your - existing personal or business loan. You can apply for this only after paying off a specified number of EMI's. So, if you have a steady loan repayment record, your bank or financial institution can let you borrow some additional money either at a lower or the same interest rate. Sounds like something you might need but no

A Personal Loan for Medical Emergency

Mar 11,2021      Borrowing, OMLp2p Loans, Peer to Peer Lending, Personal Loan, Digital Loan, Online Borrowing

Health problems that were once incurable can now be cured, thanks to the advancements in technology that have made complex treatments possible. But the cost of these medical treatments are so high that not everyone can afford them, especially people who fall under the middle-class category. Any treatment that includes surgery, the cost of the entire treatment often goes up to a few lacs. compelli

Why diversity is good for investments?

Mar 09,2021      Investing, Peer to Peer Lending, Investment, Risk - P2P Lending, Digital Loan

Let me start by quoting famous saying "Don't put all your eggs in one basket", Similarly, based on your objectives you may have allocated your investment into various asset classes such as equity, fixed income, insurance, commodities, and P2P lending. But if you do not diversify your investment within each asset class, the exercise, according to experts, is sub-optimal. Portfolio Diversificatio

Is Investing in P2P Lending the Right Move?

Feb 19,2021      Investing, Peer to Peer Lending, Investment, Risk - P2P Lending

P2P (Peer-to-peer) lending has been a hot topic in the investors circle for couple of years now. Also known as "marketplace lending", it allows retail and/or institutional investors to lend money to borrowers online without the use of a conventional intermediary such as bank. Investing through P2P lending platforms allows investors to provide loans for small business and personal purposes. It h

What Happens If You Miss Your EMI Payment On Loan?

Feb 15,2021      Borrowing, CIBIL Score, Personal Loan, Digital Loan, Online Borrowing, Instant Personal Loan

When you take a loan from a lender, you make a legal commitment to repay the loan. However, life often surprises you from time to time and traps you in a whirlwind of uncertainties like - a job change, or a health event, which can quickly throw you off track. These events limit you from going on with a fairly planned financial journey and lead to missed payments on your loans or credit cards. Even

Top 9 FAQs about Credit Score in 2021

Feb 12,2021      Borrowing, CIBIL Score, Loan, Personal Loan, Digital Loan, Online Borrowing

How can I improve my CIBIL Score? You can improve your CIBIL Score by maintaining a good credit history, which is important for loan approvals by lenders. Follow these steps to better your score: a. Pay all overdue: It is extremely important to pay your debts on time. This affects approx. 35% of your credit score. Pay on time, all the time. Your credit scores can be considerably impacted wi

Lending to peers may be worth a look

Feb 03,2021      Investing, OMLp2p Loans, Peer to Peer Lending, Investment, Digital Loan

Peer-to-peer lending can give higher returns at relatively lower risk in a falling interest rate scenario Interest rates have come down significantly. Bank deposit rates have eased, and fixed income mutual fund running yields (portfolio YTMs) are much lower than earlier. In this situation, investors looking for relatively higher returns can eye an avenue known as peer-to-peer (P2P) lending. L

Worried about Your Business Post Lockdown - Facing Temporary Financial Challenges?

Jan 02,2021      Borrowing, OMLp2p Loans, Loan, Personal Loan, Digital Loan

Small and medium business enterprises (SME's) have seen a boost in current times. They have shown favorable growth in terms of popularity and financial significance. These Micro and Small business are one of the biggest influencer for job creation (self-employments) as well as wealth creation. More and more SME's are now bringing new approaches in business to stand out among their contempo