What is the impact of online personal loans on the entire financial industry? - PowerPoint PPT Presentation

About This Presentation
Title:

What is the impact of online personal loans on the entire financial industry?

Description:

Over the last few years, online personal loans are rapidly taking over the financial industry. The shift in consumer behaviour and government initiatives have made this loan popular among millennials. According to Reserve Bank of India data, overall digital lending increased more than twelvefold from 2017 to 2020. In terms of figures, the total digital disbursement in 2020 was Rs 1,41,821 crore, up from Rs 11,671 crore in 2017. Out of these disbursements, the majority are personal loans. – PowerPoint PPT presentation

Number of Views:0
Date added: 15 June 2022
Slides: 12
Provided by: herofincorp
Category: Other

less

Transcript and Presenter's Notes

Title: What is the impact of online personal loans on the entire financial industry?


1
What is the impact of online personal loans on
the entire financial industry?
2
Factors that popularised personal loans in India
  • The first reason is the continuous shifting of
    the paper economy on digital platforms.
  • Another is Covid-19 restrictions, forcing people
    to switch to digital modes of transactions.
  • The last is smartphone and internet penetration
    in rural and underserved banking locations.

3
How online personal loans are changing the
financial industry?
4
Simplified application
01
02
  • You only need to share basic information to
    complete the application process.
  • You can apply for this loan with a few clicks.

5
Customised product
  • There are different loan products for your
    different needs.

6
Quick approval
  • The time it takes for loan approval ranges from
    20 seconds to 5 minutes.

7
Tracking
  • You can track your EMIs, outstanding balance, and
    status of the fresh loan application.

8
Contactless process
  • You can complete the entire application process
    from your home.

9
Online personal loan advantages
  • Mercury
  • Neptune
  • You can easily compare different lenders.
  • You can apply from anywhere at any time.

10
Hero Fincorp
  • Online personal loans are simple to apply for and
    offer several benefits over traditional loans.

11
Thanks
Would Love to hear from you
Hero Fincorp Limited
09, Basant Lok, Vasant Vihar, New Delhi - 110057
Tel 18001024145
Email customer.care_at_herofincorp.com
Website https//www.herofincorp.com/
Know More How online personal loans are
changing the whole financial industry?
Write a Comment
User Comments (0)
About PowerShow.com