Online loans – Blog Campcee http://blogcampcee.com/ Wed, 22 Jun 2022 09:45:43 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://blogcampcee.com/wp-content/uploads/2021/05/cropped-icon-32x32.png Online loans – Blog Campcee http://blogcampcee.com/ 32 32 Online Funding Platform for SME Market Investment Analysis – San Juan Independent https://blogcampcee.com/online-funding-platform-for-sme-market-investment-analysis-san-juan-independent/ Wed, 22 Jun 2022 09:31:24 +0000 https://blogcampcee.com/online-funding-platform-for-sme-market-investment-analysis-san-juan-independent/

The SME Online Finance Platform market study by “Marketreports.info” provides details about market dynamics affecting the SME Online Finance Platform market, market scope, Market segmentation and overlays on major market players, highlighting the favorable competitive landscape and prevailing trends over the years.

Exclusive Online Finance Platform for SMB Market Research Report provides in-depth analysis of market dynamics across five regions such as North America, Europe, South America, Asia-Pacific, the Middle East and Africa. The segmentation of the Online SME Finance Platform Market by Type, Application, and Region has been done based on an in-depth market analysis and validation through numerous primary inputs from industry experts. industry, key business opinion leaders and stakeholders) and secondary research (global/regional associations, trade journals, technical white papers, company website, annual report filing with SEC and databases paid data). Further, the SME Online Finance Platform market has been estimated using various research methodologies and an in-house statistical model.

The Online SME Finance Platform Market report also provides an in-depth understanding of state-of-the-art competitive analysis of emerging market trends along with drivers, restraints, challenges, and opportunities in the SME market. online financing platform for SMEs to offer interesting information and current scenario. to make the right decision. The Online Financing Platform for SMEs report covers the major market players with detailed SWOT analysis, financial overview, and key product/service developments in the past three years. Additionally, the SME Online Finance Platform report also offers a 360º perspective of the market across the competitive landscape of the global SME Online Finance Platform player and helps businesses to generate revenue from the platform online financing for SMEs by understanding strategic growth approaches. .

Download Snapshot Sample Copy of Online SME Finance Platform Market @marketreports.info/sample/13738/Online SME Finance Platform

The main online financing platforms for SME market players are as follows:

CircleBack Lending, Kabbage, Lending Club, Ondeck, Peerform, Prosper

By Type Advanced Authentication Identity Verification Services Other By Application Personal Commercial

Online Finance Platform for SME Market – Global Analysis to 2022 is an exclusive and in-depth study which provides a comprehensive view of the Online Finance Platform for SME Market including current trend and the future breadth of the market with respect to products/services. The SME Online Finance Platform report provides an overview of the SME Online Finance Platform market with detailed segmentation by type, application, and region through in-depth analysis of the overall industry pull virtual reality. This SME Online Finance Platform report provides qualified research on the SME Online Finance Platform market to assess the key players by calibrating all relevant product/services to understand the positioning of the major players in the online financing platform market for SMEs.

The Online Finance Platform for SMB report is a combination of qualitative and quantitative analysis of the Virtual Reality industry. The global SME online finance platform market majorly considers five major regions, namely North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA ) and South and Central America (SACM). The Online Finance Platform for SMB report also focuses on the comprehensive pest analysis and extensive market dynamics over the forecast period.

Buy Instant Copy of Online SME Finance Platform Report @marketreports.info/checkout?buynow=13738/Online SME Finance Platform Report

Reason to buy

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Online Financing Platform for SMEs Market.
  • Highlights key business priorities to guide the online finance platform for SME-related businesses to reform their business strategies and establish themselves in the vast geography.
  • The key findings and recommendations highlight crucial progressive industry trends in the Online SME Funding Platform Market, thereby allowing players to develop effective long term strategies in order to garner their market revenue.
  • Develop/modify business expansion plans utilizing developed and emerging substantial growth offering [name] markets.
  • Examine in depth the global SME Online Finance Platform market trends and outlook along with the factors driving the market, as well as those restraining the growth to some extent.
  • Improve the decision-making process by understanding the strategies that drive business interest with respect to products, segmentation, and online funding platform for SME industry verticals.

About Us

Marketreports.info is a global provider of market research and advisory services specializing in offering a wide range of business solutions to its clients, including market research reports, primary and secondary research, demand forecasting services, focus group analytics and other services. We understand how important data is in today’s competitive environment and so we have partnered with industry leading research providers who are constantly working to meet the ever-increasing demand for research reports. market throughout the year.

Contact us:

Carl Allison (Business Development Manager)

Tiensestraat 32/0302,3000 Leuven, Belgium.

Market reports

phone: +44 141 628 5998

Email: sales@marketreports.info

Website: www.marketreports.info

]]>
Cardiff City transfer news as three priority positions identified and youngster set for loan switch https://blogcampcee.com/cardiff-city-transfer-news-as-three-priority-positions-identified-and-youngster-set-for-loan-switch/ Mon, 20 Jun 2022 14:51:56 +0000 https://blogcampcee.com/cardiff-city-transfer-news-as-three-priority-positions-identified-and-youngster-set-for-loan-switch/

Here are your Cardiff City transfer titles for Monday, June 20.

Cardiff identifies priority positions needed next

Cardiff are keen to further strengthen the backbone of their squad and have identified centre-back, central midfielder and striker as the three positions they would like to add next, WalesOnline have learned.

The Bluebirds have been the most active team in the Championship so far this summer, bringing in eight players before Wednesday’s return for pre-season. But while Cardiff have added depth at the back, down the wing and in goal, they are now hoping to move through the middle of the side.

READ MORE : Gareth Bale writhes as Cardiff City no longer favorites to sign him

It is understood Cardiff are keen to bring in a central defender, central midfielder and striker as a priority, with offers having been made for players in each position. However, at the time of this writing, none of these offers have yet been accepted.

This week promises to be busy for Cardiff, however, and they will be hoping to secure more offers as players and staff return to their Vale of Glamorgan HQ to step up pre-season plans.

Evans set to seal loan switch

Kieron Evans is set to sign on loan for Torquay United in the coming days, according to WalesOnline.

The Welsh youth international, who spent the back half of the last term on loan with Belfast club Linfield, broke into the Cardiff first team at the start of last season but it has become clear he needed more senior football under his belt if he was to become a City regular.

And that seems to be the consensus this time around. Evans recently traveled to National League side Torquay for a day of training before agreeing a potential loan deal and it now appears to have happened.

The 20-year-old will want more playing time this time around compared to his time at Belfast earlier this year and Cardiff will want to see him make his mark, given that Torquay play in the fifth tier of English football.

It is also understood that another player will also accept a loan departure in the coming days.

Joe Ralls has yet to sign and will not show up for pre-season

Joe Ralls has still not signed the contract offered to him by Cardiff. Some might think that, given that he is under contract until the end of this month, he will be there for the first day of pre-season training this week. However, WalesOnline understands that will not be the case.

As Ralls and the club remain at an impasse over his deal, the player will not take part in pre-season preparations.

Cardiff are adamant the ball is now in Ralls’ court and have been since they handed him the contract a few months ago. The club believe they have offered the 28-year-old midfielder the best deal possible, which would make him the club’s highest-paid player as things stand.

As always with this sort of thing, it is never made public how much these players earn, but rumors that Ralls has been offered half his current salary have been vehemently denied by sources in Cardiff.

As for Ralls himself, sources close to the player have insisted that this decision will not be made based on the money offered to him, but rather on the type of project he would commit to. It is understood the player wanted to take his time and carefully consider his next steps as Steve Morison assembled his squad for next year, to see how he would fit in and what the club’s realistic ambitions are for the next term.

Ralls has more than 300 Cardiff City appearances to his name, having celebrated 12 years at the club this year. Read the full story here.

Ken Choo says ‘exciting times ahead’ for academy

Cardiff City CEO Ken Choo believes there are ‘exciting times ahead’ for the club after construction begins on the Bluebirds’ huge new academy complex in Llanrumney

For Cardiff, this is yet another big step towards supporting and improving the club’s academy, which has produced a number of first-team players over the past two years. The club also hopes that number will increase in the coming years, in the hope that this lavish new facility will attract more children from the catchment area to the club in the Welsh capital.

The Bluebirds have made a conscious decision to drastically cut their payroll in light of the Covid-19 pandemic, with owner Vincent Tan seeing his leisure empire take a big hit in recent years. There is a clear plan in place for Cardiff to make their academy as strong as possible with the aim of becoming much more self-sufficient in the years to come.

And that’s the view of Choo, who said the start of this construction is the first building block for the “sustainability” of the club in the long term.

“Tan Sri Vincent Tan and all of us on the Cardiff City Football Club board view this fantastic development as one of the cornerstones of the club going forward,” Choo said. “It is an exciting time for the Academy to return to Cardiff as we seek to build on the success of the recent influx of young players into our first team.

“The investment will improve the quality of our facilities and sustain the Academy for years to come as we seek to enhance standards and quality throughout the development program of our young players into professional footballers.” You can read the full story here.

]]> Pakistan follows Sri Lanka path to land in Chinese debt trap: report https://blogcampcee.com/pakistan-follows-sri-lanka-path-to-land-in-chinese-debt-trap-report/ Sat, 18 Jun 2022 06:43:00 +0000 https://blogcampcee.com/pakistan-follows-sri-lanka-path-to-land-in-chinese-debt-trap-report/

Pakistan is blindly following the path of Sri Lanka which will lead the country to fall into the Chinese debt trap.

Pakistan’s already fragile economy suffered another setback when China recently demanded the repayment, by November 2023, of $55.6 million for the Lahore Orange Line project, Italian publication Osservatorio Globalizzazione reported. .

Meanwhile, at the end of March, foreign exchange reserves held by the State Bank of Pakistan fell by $2.915 billion, due to repayment of external debt. Thus, Pakistan faces a bleak economic future when it comes to relations with China.

The Chinese company China-Railway North Industries Corporation (CR-NORINCO) which completed the Lahore Orange Line project in 2020 demanded from the Punjab Mass Transit Authority an outstanding amount of $45.3 million by the end of March 2023 and the remaining outstanding amount of $10.5 million by the end of the year. CR-NORINCO insisted that all dues be refunded before the contract expires on November 16, 2023, Osservatorio Globalizzazione reported.

China has struck a tough bargain with Pakistan over the repayment of its loans and other investments in Pakistan. In fiscal year 2021-22, Pakistan paid about $150 million in interest to China for using a $4.5 billion Chinese trade finance facility. In the 2019-20 financial year, Pakistan paid USD 120 million in interest on USD 3 billion in loans.

The Chinese request for the Lahore line payment was made in the first week of April 2022, when the new political dispensation under Prime Minister Shehbaz Sharif had just taken office. Earlier, in early March 2022, China granted Pakistan’s request to roll over a huge $4.2 billion debt repayment to bring major relief to its all-time ally, Osservatorio Globalizzazione reported.

China was quite strict in recovering the money from Pakistan. Take for example the energy sector in Pakistan, where Chinese investors have repeatedly insisted on solving problems with existing project sponsors in order to attract new investment.

Some Chinese projects in Pakistan are facing insurance issues for their loans in China due to Pakistan’s massive circular energy sector debt of around $14 billion.

Pakistan has to pay about $1.3 billion to Chinese power producers and so far only $280 million has been paid. Another example of tough Chinese negotiation over monetary relations with Pakistan is well documented in the case of the Dasu Dam project. Last year, China demanded $38 million to compensate the families of 36 engineers who died in the Dasu Dam terrorist attack.

Compensation became a precondition for the resumption of work on the project. To appease China, Pakistan later agreed to pay $11.6 million in compensation.

While China is heavily responsible for Pakistan’s debt problem, it is the mismanagement of Pakistan’s economy by successive governments that has led to the current impasse.

Large loans from China, Saudi Arabia and Qatar, as well as 13 IMF loans over 30 years (most loan programs being canceled mid-term for non-compliance with loan conditions), are a major cause of the economic downturn.

The $6 billion IMF loan in 2019 is also on hold, and China has responded to Pakistan’s frequent requests for help. Ironically, Pakistan, for its part, does not hesitate to play drug addicts.

This strategy has not borne fruit and only pushes Pakistan deeper into debt. Pakistan needs to watch developments in Sri Lanka closely as it could be the next country to face the consequences of poor economic policies and a heavy debt burden, Osservatorio Globalizzazione reported.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear reader,

Business Standard has always endeavored to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world. Your constant encouragement and feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these challenging times stemming from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative opinions and incisive commentary on relevant topical issues.
However, we have a request.

As we battle the economic impact of the pandemic, we need your support even more so that we can continue to bring you more great content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of bringing you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism we are committed to.

Support quality journalism and subscribe to Business Standard.

digital editor

]]>
Global Payday Loans Market Report 2022-2026 – Increased Adoption of Advanced Technologies Among Payday Lenders – ResearchAndMarkets.com https://blogcampcee.com/global-payday-loans-market-report-2022-2026-increased-adoption-of-advanced-technologies-among-payday-lenders-researchandmarkets-com/ Wed, 15 Jun 2022 15:12:00 +0000 https://blogcampcee.com/global-payday-loans-market-report-2022-2026-increased-adoption-of-advanced-technologies-among-payday-lenders-researchandmarkets-com/

DUBLIN–(BUSINESS WIRE)–Report “Global Payday Loans Market 2022-2026” has been added to from ResearchAndMarkets.com offer.

The payday loan market is poised to grow by $8.4 billion over the period 2022-2026, accelerating at a CAGR of 4.34%

The market is driven by a growing awareness of payday lending among young people, an increase in the adoption of advanced technologies by payday lenders and the basic eligibility criteria are lower than other services and financial institutions.

This study identifies the growing number of payday lenders as one of the major reasons for the growth of the payday loan market over the next few years. Moreover, the growing adoption of online payment methods and increased spending on luxury goods among the adult population will lead to significant demand in the market.

The report provides holistic analysis, market size and forecast, trends, growth drivers and challenges, and vendor analysis covering approximately 25 vendors. The report offers an up-to-date analysis of the current global market scenario, latest trends and drivers, and the overall market environment. The payday loans market analysis includes type segment and geographical landscape.

The publisher’s robust vendor analysis is designed to help clients improve their position in the market, and in line with that, this report provides a detailed analysis of several leading vendors in the Payday Loans market. In addition, the Payday Loans Market analysis report includes insights into upcoming trends and challenges that will influence the growth of the market. It’s about helping businesses strategize and take advantage of all the growth opportunities ahead.

The study was conducted using an objective combination of primary and secondary information, including contributions from key industry participants. The report contains a comprehensive market and vendor landscape in addition to an analysis of major vendors.

Main topics covered:

1. Summary

1.1 Market Overview

2 Market landscape

2.1 Market ecosystem

3 Market sizing

3.1 Market definition

3.2 Market Segment Analysis

3.3 Market Size 2021

3.4 Market Outlook: Forecast for 2021-2026

4 Five forces analysis

4.1 Summary of the five forces

4.2 Bargaining power of buyers

4.3 Bargaining Power of Suppliers

4.4 Threat of new entrants

4.5 Threat of Substitutes

4.6 Threat of rivalry

4.7 Market Status

5 Market Segmentation by Type

5.1 Market Segments

5.2 Comparison by type

5.3 Storefront Payday Loans – Market Size and Forecast 2021-2026

5.4 Online Payday Loans – Market Size and Forecast 2021-2026

5.5 Market Opportunity by Type

6 Customer Landscape

6.1 Customer landscape overview

7 Geographic landscape

7.1 Geographic segmentation

7.2 Geographic comparison

8 drivers, challenges and trends

8.1 Market Drivers

8.2 Market Challenges

8.3 Impact of factors and challenges

8.4 Market trends

9 Supplier Landscape

9.1 Overview

9.2 Supplier Landscape

9.3 Landscape disturbance

9.4 Industrial risks

10 Vendor Analysis

10.1 Suppliers Covered

10.2 Supplier Market Positioning

  • AARC LLC

  • Axis Bank Ltd.

  • Citigroup Inc.

  • Creditstar Group AS

  • CS SALES LLC

  • DJS UK Ltd.

  • Enova International Inc.

  • FloatMe Corp.

  • Credit GAIN inc.

  • GC DataTech Ltd.

  • Kotak Mahindra Bank Ltd.

  • KrazyBee Services Pvt. ltd.

  • Max U

For more information about this report visit https://www.researchandmarkets.com/r/jjlk4v

]]>
Covid business loans ‘saved hundreds of thousands of jobs’ https://blogcampcee.com/covid-business-loans-saved-hundreds-of-thousands-of-jobs/ Mon, 13 Jun 2022 23:01:00 +0000 https://blogcampcee.com/covid-business-loans-saved-hundreds-of-thousands-of-jobs/

Three schemes that channeled £78billion into businesses across the UK during the coronavirus pandemic could have saved millions of jobs, a report has found.

The researchers said between 500,000 and 2.9 million jobs could have been lost without the loans.

The research was commissioned and paid for by the British Business Bank, which oversaw the three loan schemes on behalf of the government

He estimated that between 146,000 and 505,000 businesses that took Bounce Back loans could have gone bankrupt without the support. This represents up to a third of the total number of companies participating in the program.

This evaluation is the first indication of the importance of these programs…and we are proud to have played a vital role in their implementation.

Another 5,000 to 21,000 businesses that took out loans under the Coronavirus Business Interruption Loan Scheme (CBILS) and its sister program for large businesses, CLBILS, may also have gone bankrupt, according to the report.

“The Covid-19 emergency loan schemes were designed to cope with a radically changed economic landscape for small businesses as the closures came into effect,” said British Business Bank boss Catherine Lewis La Torre.

“This assessment is the first indication of the importance of these programs in saving livelihoods, businesses and hundreds of thousands of jobs, and we are proud to have played a vital role in making them happen.”

In the early days of the pandemic, only the CBILS and CLBILS programs were launched by the Government.

But their size and the hurdles companies had to jump through proved too restrictive for many companies, ministers later argued.

This eventually led to the Bounce Back Loan Scheme, launched in early May 2020.

Within a week, 270,000 loans had been repaid. A month after its launch, 800,000 businesses had taken out loans.

Many loans were in the accounts within 24 hours because the banks had to do nothing more than the most basic checks on who they were lending to.

Prompt action prevented large numbers of businesses from going bankrupt, protecting jobs and livelihoods and enabling these businesses to participate in the economic recovery

Lenders were to follow their usual procedure when paying CBILS and CLBILS, but not for BBLs.

This has made many officials and watchdogs, including MPs on the Public Accounts Committee, worried about the number of companies that may have borrowed fraudulently.

Although the banks have to chase the money away if the companies don’t pay back, ultimately the taxpayer will pay the banks back if they can’t get all the money back.

One estimate is that around 7.5% of loans may never be recovered due to fraud.

The assessment of the three loan schemes, released on Tuesday, did not look at fraud. The researchers said others had already looked at the area and it was too early to be certain.

The review found that the loans were widely used to finance borrowers’ operations or to increase their reserves.

Federation of Small Business national chairman Martin McTague said: “Emergency loans were among the most important lifelines, and the British Business Bank worked collaboratively and effectively with us to ensure that there was a guaranteed financing option for even the smallest businesses.

“As today’s findings demonstrate, this swift action has prevented large numbers of businesses from going out of business, protecting jobs, livelihoods and allowing these businesses to participate in the economic recovery.”

Chris Wilford from the Confederation of British Industry said: “The Covid loan schemes have made a critical difference to businesses of all sizes in all regions and nations of the UK.

“Without this vital lifeline, hundreds of thousands of otherwise viable businesses, jobs and livelihoods would have been lost.”

The best videos delivered daily

Watch the stories that matter, straight from your inbox

]]>
Ready in digital mode https://blogcampcee.com/ready-in-digital-mode/ Sat, 11 Jun 2022 19:30:00 +0000 https://blogcampcee.com/ready-in-digital-mode/

Today, the scenario is rapidly changing, where, among other things, the systems and procedures that govern the banking system are undergoing a transformation, with technology playing a crucial role.

In other words, with the advent of technology, banking services have witnessed a dramatic reach where customers now avail products and services at the click of a button, without physically going to bank branches.

However, the lending system has not fully adapted to the power of technology. Despite having appropriate technology in place, banks did not promote digital lending systems and continued to rely on traditional systems to process loans.

It was only after the outbreak of a coronavirus-induced pandemic that left banks with no choice but to fully integrate technology into their operations. Today we can measure that the impact of COVID-19 on the financial system has been enormous.

Changes triggered by pandemic-induced closures, closures and mobility restrictions to curb the spread of the virus have been behind the growth of all types of finches which, among others, include one of the operations essentials of the banking system – lending.

During the more than two-year period of the ongoing pandemic, lending is changing rapidly on the digital platform. Today, digital lending has become a buzzword in the banking system as people have quickly become immune to digital transactions, where they physically avoid going to their bank branches and prefer cashless transactions.

]]>
IIFL Finance rallies 8% as home lending arm signs Rs 2,200-cr deal with ADIA https://blogcampcee.com/iifl-finance-rallies-8-as-home-lending-arm-signs-rs-2200-cr-deal-with-adia/ Fri, 10 Jun 2022 04:25:00 +0000 https://blogcampcee.com/iifl-finance-rallies-8-as-home-lending-arm-signs-rs-2200-cr-deal-with-adia/

Shares of IIFL Finance rose 8% to 356.70 rupees on BSE in intraday trading on Friday, as the Abu Dhabi Investment Authority (ADIA) planned to invest 2,200 crore of rupees in IIFL Home Finance for a 20% stake.

“IIFL Home Finance on Thursday June 9, 2022 has entered into definitive agreements to raise Rs 2,200 crore primary capital for a 20% stake from a wholly owned subsidiary of ADIA,” IIFL Finance said. in a press release. Completion of the transaction is subject to regulatory approvals.

IIFL Home Finance proposes to use the additional capital to continue its strategy of granular expansion into new markets to meet the large and growing demand for home loans.

IIFL Home Finance is a wholly owned subsidiary of IIFL Finance engaged in the business of providing home loans, home loans and construction finance. The company has assets under management of Rs 23,617 crore as of March 31, 2022.

IIFL Finance is one of India’s leading retail-focused diversified NBFCs engaged in the loans and mortgages business with its subsidiaries – IIFL Home Finance and IIFL Samasta Finance.

At 09:34; IIFL Finance traded up 4% to Rs 342, against a 1.3% decline in the S&P BSE Sensex. The Non-Banking Financial Corporation (NBFC) stock hit a 52-week high at 395.15 rupees on April 28, 2022. The counter saw two huge BSE block trades. A total of 11.46 million shares representing 3% of IIFL Finance’s total equity changed hands on NSE and BSE, according to the data.

Dear reader,

Business Standard has always endeavored to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world. Your constant encouragement and feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these challenging times stemming from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative opinions and incisive commentary on relevant topical issues.
However, we have a request.

As we battle the economic impact of the pandemic, we need your support even more so that we can continue to bring you more great content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of bringing you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism we are committed to.

Support quality journalism and subscribe to Business Standard.

digital editor

]]>
Crisis-hit Sri Lanka seeks $55m loan from India to buy fertilizer https://blogcampcee.com/crisis-hit-sri-lanka-seeks-55m-loan-from-india-to-buy-fertilizer/ Tue, 07 Jun 2022 14:31:00 +0000 https://blogcampcee.com/crisis-hit-sri-lanka-seeks-55m-loan-from-india-to-buy-fertilizer/

Sri Lanka has requested a $55 million loan from India to purchase urea amid its worst economic crisis threatening severe food shortages, an official said on Tuesday.

Prime Minister Ranil Wickremesinghe had recently warned of a food crisis in the island nation due to the current economic crisis.

The Cabinet has approved a proposal by the Prime Minister to sign an agreement with India to buy urea for agriculture, an official said.

The government said the Indian government had agreed to provide the $55 million loan through the Export-Import Bank of India.

The loan is being obtained for the purchase of urea for the 2022/23 Maha’ harvest season.

Wickremesinghe said that within five to six months, current agricultural shortages could be saved if swift action was taken to address the shortages facing farmers.

The country is facing a nearly 50% crop loss due to a decision by President Gotabaya Rajapaksa last year to ban imports of chemical fertilizers.

The decision led to widespread protests from farmers which the government ignored, saying the policy was to shift to green farming with organic fertilizers.

Sri Lanka is going through the worst economic crisis since its independence from Britain in 1945.

The economic crisis has caused severe shortages of essentials like food, medicine, cooking gas and other fuels, toilet paper and even matches, with Sri Lankans forced to queue for months for hours in front of stores to buy fuel and cooking gas.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear reader,

Business Standard has always endeavored to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world. Your constant encouragement and feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these challenging times stemming from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative opinions and incisive commentary on relevant topical issues.
However, we have a request.

As we battle the economic impact of the pandemic, we need your support even more so that we can continue to bring you more great content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of bringing you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism we are committed to.

Support quality journalism and subscribe to Business Standard.

digital editor

]]>
Instant loan apps in India: Don’t fall prey to scams; important points to consider before taking out loans online https://blogcampcee.com/instant-loan-apps-in-india-dont-fall-prey-to-scams-important-points-to-consider-before-taking-out-loans-online/ Sun, 05 Jun 2022 12:41:40 +0000 https://blogcampcee.com/instant-loan-apps-in-india-dont-fall-prey-to-scams-important-points-to-consider-before-taking-out-loans-online/

India

oi-Prakash KL

|

Updated: Sunday, June 5, 2022, 6:22 PM [IST]

Google One India News

New Delhi, June 5: The number of complaints about scams involving loan apps has grown exponentially in 2021 and 2022. Thanks to the smartphone craze and cheap data plans, people in need of cash are falling prey to ‘unauthorized lending applications.

Operating mode
People are lured by pledging higher loan amount without paperwork. Customers will receive the money instantly but less than the promised amount. As the customer installs the application, they will have access to sensitive customer information.

Instant loan apps in India: Don't fall prey to scams;  important points to consider before taking out loans online

He will have access to phone contacts, gallery and other information. Using this information, the company will adopt harsh recovery tactics. Loan officers will abuse and harass customers and even call customers’ friends and relatives from their contact list.

In some cases, customers have died by suicide after cyber crooks allegedly circulated transformed photos for failing to repay loans taken out through an instant loan mobile app.

RBI Results
A Reserve Bank of India (RBI) digital lending task force said in a report that as many as 600 “illegal lending apps” are present in several app stores for Android users in India. A total of around 1100 unique Indian loan apps containing keywords like loan, instant loan, fast loan etc. are available in the app stores.

In a bid to prevent illegal digital lending activities, RBI has proposed the Indian government to formulate new legislation. The details were mentioned in a report by the RBI task force on digital lending, including lending through online platforms and mobile apps.

“According to the findings of the task force, there were around 1100 loaner apps available for Indian Android users across more than 80 app stores (from January 1, 2021 to February 28, 2021),” the RBI report said. “Number of app stores where Indian loan apps are available ~ 81. Number of unique Indian loan apps that have the keywords: loan, instant loan, quick loan, etc. ~ 1100. Number of Illegal loan ~600,” he added.

The maximum number of complaints were filed in Maharashtra, followed by Karnataka, Delhi, Haryana, Telangana, Andhra Pradesh, Uttar Pradesh, West Bengal, Tamil Nadu and Gujarat, according to the RBI report.

Important points to consider before taking loans from online applications

Is the lender approved by RBI?
The first thing a customer should do before applying for loans on apps is whether the company is approved by the Reserve Bank of India or not. This ensures that you don’t face repayment related issues as companies that do not follow RBI guidelines would have to harass customers once they take out loans.

Does the lender have a website and physical office?
See if the lender has a proper website and has mentioned all the details about the business. More importantly, see if the lender has a physical office. Most scammers don’t have a website or physical office.

Check Reviews
Also check customer reviews which give you a fair idea of ​​the lender. And avoid taking loans from apps without a verification badge. Find out if the app is associated with a bank or a non-bank financial company (NBFC) and vice versa.

Terms and conditions
Many of us tend to ignore the “Terms and Conditions” section. Studies have shown that most people pay attention to “terms and conditions” without realizing that it is an agreement that acts as a legally binding contract between you and the company. So, always read the “terms and conditions”, especially when doing financial transactions online.

Look beyond interest rates
It has been reported that individuals/small businesses are falling prey to an increasing number of rogue digital lending platforms/mobile apps on the promise of getting loans quickly and hassle-free. These reports also mention excessive interest rates and additional hidden fees charged to borrowers; adoption of unacceptable and authoritarian recovery methods; and misuse of data access agreements on borrowers’ mobile phones. Therefore, find out all the fees charged by the app, such as prepayment, processing fees, etc.

Don’t get loans without a credit history
People should not take loans from apps that are willing to lend regardless of your credit history and are ready to sanction immediately. Never pay money to get sanctioned loans. “Processing fees are usually charged to you as part of your loan or must be paid directly to the bank on NBFC that offers you the loan. If you are asked to pay part of the loan upfront for processing or if you have to pay cash or transfer money to any personal account, that’s a red flag,” Adhil Shetty, CEO of Bankbazaar, was quoted by The Times of India as saying.

]]>
Chase Personal Loan Alternatives – Forbes Advisor https://blogcampcee.com/chase-personal-loan-alternatives-forbes-advisor/ Fri, 03 Jun 2022 13:00:15 +0000 https://blogcampcee.com/chase-personal-loan-alternatives-forbes-advisor/

With a US Bank personal loan, you can quickly access funds for your one-time financing needs, whether it’s consolidating debt or covering a large expense. US Bank offers unsecured personal loans ranging from $1,000 to $25,000 to existing US Bank customers. Loan terms range from 12 to 60 months.

US Bank loans come with low interest rates ranging from 5.99% to 16.49%, depending on your creditworthiness, which includes a 0.50% autopay discount. Borrowers with higher credit scores are more likely to qualify for lower end interest rates. Similar to other major providers, US Bank charges no origination fees and there are no prepayment penalties, which means you can always make loan payments before they are due.

Applying for a US bank loan is easy and can be done online; however, you must be a current US Bank customer. Some customers may need to visit a US bank branch if additional information or documentation is needed.

Eligibility: US Bank requires applicants to be existing US Bank customers. If you are a current customer, you can qualify for a personal loan with a minimum credit score of 680. However, those with a credit score of 680 will not qualify for the lowest interest rates available.

Since you may need to go to a branch to arrange your loan, you must live near a physical location. US Bank has branches in 26 states: Arkansas, Arizona, California, Colorado, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Minnesota, Missouri, Montana, North Carolina, North Dakota, Nebraska, New Mexico, Nevada , Ohio, Oregon, South Dakota, Tennessee, Utah, Washington, Wisconsin and Wyoming.

The loan uses: US Bank personal loans can be used for any purchase or product in addition to a home or education expenses. For example, they can cover vacation expenses, home renovations, medical bills, or help consolidate debts, such as credit cards.

Completion time : An applicant will typically learn their loan approval status in less than a minute. If you qualify for the personal loan, you can fund your loan online; however, you may need to visit a branch if a US Bank representative needs more information. After your loan closes, funds are available within one business day.

]]>