#CASHe dsa agent

[nickyysharmi]

Abhay Bhutada’s Vision: Cutting Costs and Enhancing Asset Quality at Poonawalla Fincorp

Navigating the complexities of operational expenses (OPEX) while maintaining high asset quality is a challenge for any financial institution. Abhay Bhutada, MD of Poonawalla Fincorp, has been instrumental in steering the company towards impressive milestones in these areas. Here’s a closer look at how Poonawalla Fincorp has managed to reduce its operational costs and enhance asset quality under Bhutada's leadership.

Strategic OPEX Reduction

Poonawalla Fincorp has seen a consistent reduction in OPEX over the past few quarters, dropping from 5.43% to 3.99% year-on-year. This significant improvement can be attributed to a series of strategic moves.

Also Read: Unveiling Abhay Bhutada: A Leader’s Inspiring Odyssey In Finance

Branch and Manpower Consolidation

One of the primary steps taken was the consolidation of branches and manpower. By streamlining operations and merging less productive branches, Poonawalla Fincorp has been able to reduce redundant costs. This consolidation ensures that the company operates more efficiently, with a focus on regions that offer higher growth potential.

Digital-Led Model

A major factor in reducing OPEX has been the shift towards a digital-led model. Poonawalla Fincorp has increasingly focused on leveraging technology for various operations. By minimizing physical branch requirements and enhancing digital interfaces, the company has significantly cut down on overhead costs. The digital approach not only reduces expenses related to physical infrastructure but also streamlines processes, making them faster and more efficient.

Centralized Operations and Phygital Sourcing  

Poonawalla Fincorp has adopted a centralized operational model where sourcing is done through both digital channels and Direct Selling Agents (DSAs). This “phygital” (physical plus digital) approach ensures broad reach while maintaining cost efficiency. The emphasis remains on digital, reducing the cost of sourcing and underwriting. This model also supports digital collections, further driving down operational costs.

Also Read: Unveiling Abhay Bhutada’s Salary Journey And Impact As MD Of Poonawalla Fincorp

No Cash Collections

In a move to enhance efficiency, Poonawalla Fincorp has eliminated cash collections. This shift not only reduces the risks and costs associated with handling cash but also speeds up transaction processes. The move towards a cashless operation aligns with the broader digital strategy, further consolidating the company’s cost-saving measures.

Improving Asset Quality

While reducing OPEX is crucial, maintaining and improving asset quality is equally important. Poonawalla Fincorp has demonstrated a commendable performance in this area, showing reductions in both Gross Non-Performing Assets (GNPA) and Net Non-Performing Assets (NNPA). The GNPA has decreased from 1.44% to 1.16%, and NNPA from 0.78% to 0.59%.

Risk-Adjusted Lending Approach  

Abhay Bhutada emphasizes a risk-adjusted approach to lending. The company focuses on lending to bureau-tested customers with verifiable cash flows rather than venturing into riskier segments or new-to-credit customers. This cautious and data-driven strategy helps mitigate the risk of default and ensures that asset quality remains high even as the company grows.

Leveraging Data and Technology 

The use of extensive databases and advanced analytics allows Poonawalla Fincorp to make informed lending decisions. By analyzing customer credit histories and cash flow patterns, the company can accurately assess creditworthiness and avoid potential defaulters. This data-centric approach enhances the quality of the lending portfolio.

Also read: Meet Abhay Bhutada: The Winner Of Lokmat Maharashtrian Of The Year 2024

Monitoring and Management  

Constant monitoring and proactive management of the loan portfolio are key practices at Poonawalla Fincorp. The company employs robust risk management frameworks and regularly reviews the performance of its loan book. This vigilance helps in early identification of potential issues and swift corrective actions, ensuring sustained asset quality.

The Road Ahead

Looking forward, Abhay Bhutada and his team at Poonawalla Fincorp remain confident in their ability to continue improving both OPEX and asset quality. The emphasis on digital transformation, efficient operational models, and risk-adjusted lending will likely keep driving positive outcomes.

As the company scales new heights, it is clear that Poonawalla Fincorp's strategies are paying off. With further improvements anticipated, stakeholders can expect the company to maintain its trajectory of operational excellence and superior asset quality. Abhay Bhutada's leadership and vision will undoubtedly be pivotal in navigating future challenges and opportunities, ensuring Poonawalla Fincorp remains a robust and reliable player in the financial sector.

In essence, the story of Poonawalla Fincorp under Abhay Bhutada's leadership is one of strategic innovation and prudent management. By effectively reducing operational costs and enhancing asset quality, the company sets a benchmark for excellence in the industry. As they continue to evolve, the lessons from their journey offer valuable insights for businesses aiming to achieve similar success.

[eaasylending-blog]

Loan DSA Registration all over Maharashtra

Product we  offer are Personal loan, Business Loan, Home Loan, Mortgage Loan, SME loans for low income group of people with good cibil 

[getpersonalloan]

DSA Loan Agent

Have you ever found yourself in a situation where you have to apply for a loan through an institution, not directly with the bank, but by an dsa loan agency?

Have you ever wondered why someone is trying to convince you to sign up for a loan when you could make it happen by going to the bank or a non-banking finance company (NBFC)?

First of all, it isn't an untruth most of the time. Indeed, the people who can assist you in obtaining a loan from a bank or NBFC can be direct selling representatives or DSA.

Which is the Direct Selling agent?

The function of DSAs DSA is to identify prospective customers to the banks they represent. To accomplish it, DSAs will look for those who are looking for loans. The leads are then referred to the bank of choice and NBFC, and the process of obtaining a loan is completed.

To reward the efforts put into by the DSA For loan the work of the DSA, a reward is paid. The amount paid is proportional to the type of loan and the amount of the loan. This is a great opportunity to earn some additional cash. In rural areas, DSA's can be referred to in the business world as "business correspondents.

The benefits of being a DSA or Business Correspondent

You could earn extra income. Earnings will differ between leads.

You can manage your business at the lowest cost and take a low risk.

Flexible working hours.

The pursuit of higher education is not an obligation.

The training you receive is usually offered by the bank or NBFC.

The advantages that consumers receive when they apply to borrow money through DSA DSA

Any issues you may have will be addressed quickly and efficiently with the help of the person who handles the matter.

There are a variety of choices with the product you're searching for.

It is the DSA is available should you require any after-sales support.

DSA Registration Process

It is a given that there's a procedure to follow to become an agent for loan direct sales. One cannot simply get up and begin selling loans to banks. You'll need to sign up first.

Many banks, NBFCs, and lending platforms all have their registration procedures. The common steps include:

Can I represent several banks or NBFCs as a DSA agent?

There is no requirement to have one account with a bank NBFC as a DSA agent. DSA agents will work to sell their products to customers.

Who will be the one to pay me? The bank or the client?

The bank will compensate you as a commission. Your commission will be determined based on the number of products you sell. The higher the sales, the greater will be the commission.

What skills do I require to become a DSA agent?

Although you don't require any specific skills, you should be convincing, with an understanding of the loan program and an ability to communicate effectively to become a DSA agent.

Can women become DSA agents?

If an applicant meets the qualifications and has a thorough understanding of the lending product and communications skills, she could also be a DSA agent.

I am a chartered accountant. Do I qualify to become a DSA Loan agents?

You can be a DSA lender if you are a chartered accountant.

Can I receive an official license when I become a DSA Loan agent?

You'll be granted a license when you sign up as a DSA lender.

I'm fresh out of college. Do I have the opportunity to be a DSA Loan agent?

Yes, you can apply to be a DSA lender if you are a recent graduate.

My credit score isn't great. Do I have the chance to apply to become DSA Loan agent?

It isn't easy to be a DSA loan agent when you have a credit score that is not high. It is important to ensure that your credit rating of yours is good for you to be able to qualify to be a DSA lender.

[nigeiadigitalmarketingcompany]

Links 8/3/19

Digital Elixir Links 8/3/19

California: Bees drop dead around 5G towers Express (furzy)

A Single Male Cat’s Reign of Terror Atlantic (guurst). 2 million feral cats??? And for the record, all my cats have been indoor only cats.

Satellites Reveal ‘Hot Lightning’ Strikes Are Most Likely To Start Wildfires IEEE

3 killed as cliff collapses on popular California beach Associated Press (David L). The headline was “1” when I first put the link up

‘Forever chemicals’ have been found in bottled water brands sold at Whole Foods and CVS, and it’s part of a larger contamination problem Business Insider (David L)

How Mosquitoes Changed Everything New Yorker (resilc)

World’s first human-monkey hybrid created in China, scientists reveal Independent

Colorectal Cancer Rises Among Younger Adults New York Times (UserFriendly)

Study Finds Living Near Trees, Not Just Green Space, Improves Wellbeing CityLab

China?

A battle for supremacy between China and the US Asia Times (Kevin W)

Good for Google, Bad for America – New York Times. UserFriendly: “Peter Thiel explains how trade works and why China and Google are evil….” Even if Thiel as a Facebook board member thinks calling out Google somehow helps Facebook, this seems awfully naive. In the minds of a lot of the public and increasing numbers of regulators, Big Tech is evil. Amplifying that message can’t be helpful to Facebook. But these squillionaires aren’t big on getting advice.

EU looks past ASEAN for deals and pacts Asia Times (Kevin W)

Brexit

Mark Carney warns of instant shock from no-deal Brexit BBC

Tory rebels threaten Boris Johnson after majority cut to one Guardian (Kevin W)

Tax on tech giants will rule out trade deal, US warns Britain Telegraph

New Cold War

US pulls out of decades-long nuclear missile pact with Russia claiming they violated treaty abc.net.au (Kevin W)

U.S. Imposes More Sanctions on Russia for Chemical Agent Use Bloomberg

Blockading Venezuela Would Be Illegal and Wrong American Conservative (resilc)

Imperial Collapse Watch

The ‘Special Relationship’ Is Collapsing… and That’s a Good Thing Strategic Culture Watch. Chuck L: “Hard to categorize. How about Revisionist History of the UK/USA “Special Relationship?” Also a Must Read candidate.”

Big Brother is Watching You Watch

Pentagon testing mass surveillance balloons across the US Guardian (Kevin W)

US Cities Are Helping People Buy Amazon Surveillance Cameras Using Taxpayer Money Vice

Trump Transition

Federal judge rules against Trump asylum policy The Hill

Trump scuttles plan to nominate Ratcliffe as top intelligence official NBC (furzy)

Hacked Emails Show GOP Demands on Border Security Were Crafted by Industry Lobbyists Intercept (Chuck L, resilc)

Saikat Chakrabarti to leave Ocasio-Cortez’s office Washington Post. UserFriendly: “Pissed she folded to Pelosi.”

TSA seizes rocket launcher in Baltimore — for second time this week New York Post. Resilc: “They have big rats, you need firepower.”

Solitary Confinement Caused “Complete Mental and Physical Collapse” of Man in Virginia Prison, Lawsuit Contends Solitary Watch (Chuck L). Horrible.

Health Care

Listen to @DrDooleyMD. Patients don’t “love” their costly health insurance plans. They need Medicare for All now. pic.twitter.com/ELQ0QNhmWJ

— Bernie Sanders (@BernieSanders) August 2, 2019

Congressional Moves on Drug-Pricing and Competition National Conference of State Legislatures (UserFriendly)

Glad this is getting traction:

If you get hit with a huge surprise bill well in excess of what the procedure should cost that is NOT your insurance company gouging you. That is the PROVIDER GOUGING YOU. Private equity firm are buying up doc group to gouge people hoping reporter will mistaking blame insurers 1/ https://t.co/gjiPtihOFX

— Jon Walker (@JonWalkerDC) August 2, 2019

2020

Biden holds two-to-one lead over Sanders in post-debate poll The Hill

Biden, Inc.: How ‘Middle Class’ Joe’s family cashed in on the family name Politico. UserFriendly: “Biden’s family; horribly corrupt! Must read.

Obama Looms over the Primary in Invisible Ways Talking Points Memo and ‘Stay away from Barack’: Dems seethe over criticism of Obama Politico. UserFriendly: “Dems morphing into the Catholic Church, Obama = infalible, now where are all the raped kids?”

UserFriendly: “I don’t know how well sharing ‘moments’ on Twitter works [neither does your humble blogger]… but dear God, literally no one understands what nuclear first use is. Shoot me.” This is the “moment”; here’s a comment:

To no one’s surprise, @RepLizCheney has it completely wrong. First use of nuclear weapons is suicidal. A recent @globalzero study found that 21.6 million Americans would die in a Russian counterattack. That’s 30% of the total population of America’s top 145 most populated cities. https://t.co/geOdCrDomx

— Derek Johnson (@derekjGZ) August 2, 2019

Bernie Sanders Dominates as Analyses of Fundraising Data Show Vermont Senator With Widespread Support Across Nation Common Dreams (furzy). More on that heat map….

Gabbard reaches donor threshold for September debate The Hill

Tulsi Gabbard Thinks We’re Doomed New York Times (resilc)

The 2019 DSA Convention: Showdown at the Caucus Corral Current Affairs (UserFriendly)

Our Famously Free Press

CNN’s Industry Spin Shows Need for Independent Debates Common Dreams (furzy)

Police State Watch

Eric Garner: Chokehold cop ‘should be fired’, says US judge BBC

Woman, 65, tasered by police after fleeing then kicking officer who stopped her over broken light: ‘You’re not placing me under no arrest’ Independent. Resilc: “If she was black she would have been gunned down.” Moi: Yes, but if she had been black, she would have presumably figured out long ago not to carry on like that with cops, particularly over a ticket they were entitled to issue.

Puerto Rico

When people ask why Puerto Rico is in turmoil, I try to emphasize 2 things:

1) The Great Recession in the US lasted 18 months. Puerto Rico has been in a recession for *13 years*

2) PR has lost ~15% of its population to outmigration since 2008, more than any country not at war

— Jeff Stein (@JStein_WaPo) August 3, 2019

Newly stringent FAA tests spur a fundamental software redesign of Boeing’s 737 MAX flight controls Seattle Times (barrisj)

Local pension costs grew in California at nearly six times national rate, new data show Sacramento Bee. Loath to sound like I am defending CalPERS, but CalPERS didn’t set the benefit levels. However, CalPERS can be criticized for keeping its return assumptions too high for too long, forcing plan sponsors to play catchup now that it is using better assumptions.

How Trump’s Political Appointees Overruled Tougher Settlements With Big Banks — ProPublica. UserFriendly: “For Fuck Sake!!!! I never would have thought it was possible to go easier on the banks that caused the recession than Obama did, but…. ” Moi: But the stakes and the total $ involved were way higher post crisis than now

How the Fed Should Fight Climate Change Atlantic (resilc)

Mr. Market Has a Sad

US-China trade tensions hit global markets Financial Times

Here’s the real reason U.S. stocks are losing so much ground after their long bullish run MarketWatch

It Was the Week Trade Wars Went From Uncomfortable to Scary Bloomberg

Class Warfare

One Opioid Patient Worth $200,000 a Year to Purdue, State Says Bloomberg

Antidote du jour. MGL: “A hummingbird makes the rounds at the Jensen-Olson Arboretum on June 30, 2019. (Courtesy Photo | Janice Gorle)”

And a bonus from guurst:

Ocelot gets a scritch scratch scrotch! pic.twitter.com/PxirG49Vub

— Mr. Meowgi (@Mr_Meowwwgi) August 1, 2019

See yesterday’s Links and Antidote du Jour here.

Links 8/3/19

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[rrrawrf-writes]

in which no one ever lets eli forget his mistakes, and i actually bother to describe my characters’ appearances for once in a lifetime wow astounding

Eli was a little surprised that Javier had reached out to him; he was amazed to see the man actually walk through the door of the cafe, as scheduled. He looked the same as ever, in a black suit that had probably come from a department store, but wearing it with the confidence of someone in a thousand-dollar outfit. Eli wondered, briefly, if he had more than one of the same pair of sunglasses, and they all looked the same, or if he only had one pair.  They stayed firmly on Javier’s nose, even though the cafe was brightly lit with both sun and fluorescent light.

The server wiping down the counter looked relieved; Eli had waited to order anything besides a water until Javier showed up, and the kid probably didn’t want to try kicking out someone who was at least twice his size.

Anyone who knew Eli wouldn’t be surprised that he chose to frequent such a flowery little bakery and coffee shop; anyone who didn’t would be curious to see a tanned, burly man in jeans and a leather jacket, four metal studs in each ear, and altogether too big for the frail-looking chairs and tables that littered the cafe. The shade of his hair was an even brighter pink than the painted flowers curling all over the walls.

Javier was his opposite in nearly every possible way: lean, average height, and dark-skinned, his head shaved bald. He had pierced ears, but Eli had only seen him wear earrings when he was working undercover. While Eli gave him an easy grin, Javier’s expression remained perfectly blank as he took a seat.

They exchanged greetings - enthusiastic on Eli’s part, curt on Javier’s - ordered a couple things so the server could feel like he wasn’t wasting his time on them, and then proceeded to stare at each other.

Well, Eli stared at Javier; the DSA agent loosely clasped his hands on the table between them and looked down. Eli wasn’t a fan of silence, but he managed to keep his mouth shut. Javier had always preferred the quiet, and Eli got the sense that today was not the day to antagonize the man. Javier was always tense, but he held himself stiffer than usual, and glanced around as if he expected to be caught out by his boss or some cape at any moment. When Eli glanced at Javier’s hands again, he noticed that he had tightened his fingers around each other, as if suppressing the urge to fidget.

Finally, as Eli sipped at his iced latte, Javier said, “Can I trust you?”

He spoke in Spanish, the accent different from what Eli had grown up with. Javier was Mexican; Eli had spent half of his childhood in Spain. The question made Eli blink, and he went on the defensive with a quick, crooked grin.

“What kind of question is that?” he asked, using the same language. “Of course -”

“Sasha,” Javier said flatly. Eli faltered, glanced down at his own hands, then gave a quiet sigh.

“No, you can’t.”

Javier nodded, unsurprised. “Who did you bring with you?”

Eli rubbed some of the condensation off his drink with his thumb. “Kawai is waiting outside. Red truck.”

Javier had requested Eli come alone; Javier, of course, had to know better than to expect any Mercury Independent employee would respond to a DSA summons, even one off the record, without backup. MI agents traveled in packs. He just gave another nod and glanced back down at his hands. Eli, following his gaze, saw that Javier was rubbing at the inside of his wrist. With an effort, Javier dropped one hand in his lap and wrapped the other around his own coffee.

He was definitely agitated. Eli took another sip.

“This is not a job from the DSA,” Javier said, voice low, even though Eli was reasonably certain the server, who was the only other person in the cafe, couldn’t hear them from the counter, and probably didn’t know anything better than high school Spanish anyway. “It is not a job for MI.”

“All right,” Eli said cautiously. “You need someone to take your mom to the doctor?”

Even behind the sunglasses, Javier’s glare was lethal. Eli winced, and made an apologetic gesture with one hand.

Reaching down next to his chair, Javier opened his briefcase a spare inch, fishing out a file before he snapped it shut. He started to pass it across the table, but pulled it back just as Eli reached for it.

“This is top secret,” he said, with more gravity than the phrase ‘top secret’ ever really deserved. Nothing was ‘top secret,’ not to Mercury Independent. Eli forced himself not to grin. “Sharing this with a known mercenary wouldn’t get me fired, Sasha, it would make me disappear.”

Eli paused, and forgot even to correct Javier on his use of ‘mercenary.’ He put his hand back down, from where he had been reaching for the file, and gave Javier a long, level look.

“What are you going to pay me?”

“I’m not.”

Eli arched his eyebrows, then bit out a laugh. He started to get up, but Javier said, “Sit down,” so sharply, that Eli plopped right back into his chair. It squeaked.

“You can’t hand me classified information, imply that I can’t even tell my boss, and expect me to just hop onboard for free,” he said, his turn for his voice to be flat and expressionless. “I don’t owe you that many favors, Javi.”

“I’m not cashing in favors.” Javier set the file down and settled his hands on it. “I’m cashing in a year of being ostracized and belittled at MUGD.”

Eli flinched, and looked down at his own hands, face slowly reddening as Javier went on.

“I’m cashing in every time you ruined one of my cases, every time you made my job a living hell, and every time I let you and your team go on a technicality.” Javier tapped the file, looking Eli square in the face. “I’m cashing in on your human decency.”

Eli opened his mouth, tried to say something, and failed.

“This little girl can do what I do,” Javier said. “But she does not have the protection I did. She’ll be sent to a hospital, for screening.” His voice was bitter and sharp, and angrier than Eli had ever heard Javier be. “I doubt she’ll ever make it out again, not until they find a cure, and probably not even then.”

He picked up the file, but again, didn’t quite let Eli take it. “Transportation details. She was adopted from China by a couple here in the states. They have been told she died. Get her, get her parents, make them disappear.”

He waited for a long moment, until Eli, reluctantly, nodded. Only then did Javier had over the file. Eli didn’t open it, not in public, but instead he tucked it in his own satchel.

Damn it. Eli knew he had Javier figured out; he’d never though the agent would be able to force him into something like this so effortlessly.

“If Taule’alo has to know, then fine.” Javier skimmed his fingers over the inside of his elbow, digging briefly into the cloth of his sleeve. “But it does not go beyond her. I have the identities ready for them, but I can’t help beyond that. You’ll have to find them somewhere to live - somewhere foreign.”

Eli ran his fingers through water rings on the tabletop, not quite looking Javier in the face. “What if her parents don’t want any part of it, now?” he asked. He hoped not - they would be a piss-poor example of a family, in that case - but if they had lost their daughter to the government’s desire for some kind of ‘cure’ to superpowers, they’d have been paid off. 

“You’ll have to find a home for her,” Javier said, shrugging. He watched Eli warily. “Will you do it?”

Eli sighed, pinching the bridge of his nose. Every instinct told him not to go for it. He would be kidnapping a power nullifier from the American government, without any support beyond Kawai. He couldn’t afford this, financially. Kawai had the money - but would she even bankroll it? Eli couldn’t go to Javed, or anyone else, and he would have to pull all his saved up vacation days. His kids were going to kill him.

“Yes,” he said, with another sigh. “Of course I will. Dammit. I always counted on you being too noble to guilt trip me into this kind of crap.”

Javier smiled. Eli couldn’t remember the last time he had seen the agent smile; he had the ridiculous urge to lean across the table and kiss him for it. He wondered what Javier would do in that case; arrest him for sexually assaulting a federal agent, probably. Eli’s sigh was a little more wistful this time.

“Everything you need is in there,” Javier said, nodding at Eli’s satchel. “Don’t contact me again until after she’s safe.”

Javier started to rise; Eli copied the motion. “What were you gonna do if I said no?”

The agent didn’t quite look Eli in the face. “Do it myself. But I’d have to worry about my mother, and Flerida, and I don’t have a quarter of the resources you do.”

“Hey, I have my own family,” Eli objected, but only as a matter of course. Javier might have rolled his eyes, judging by the slight tilt to his head, but it was hard to tell behind the sunglasses.

“You also have three safehouses all around the country.”

“Five, actually.”

“I have an apartment in DC.” Javier’s mouth quirked into the slightest smirk. Eli answered with a grin as he pulled his satchel over his shoulder. He opened it again to check on the file, then held a hand out for Javier.

The agent reached out, then hesitated.

“What’s wrong?”

Javier rocked back on his heels and looked up the six inches between them. “There are only three powered people who don’t mind my touching them,” he said. “Why don’t you?”

Guilt surged in Eli again. He looked down, fidgeting with the strap of his messenger bag until it lay perfectly over his jacket.

“It’s like you said,” he confessed, after a long moment. “We were - we were in the same boat at MUGD. Foreign, barely spoke English - all I wanted was to fit in.”

He looked at Javier’s arms, but the sleeves hid the scars. “I could’ve helped us both if I threw in with you, instead of those officers’ brats. I didn’t know you were -”

He gestured vaguely at his own wrists, and watched a cloud settle over Javier’s face. “I’ve been trying to make it up ever since. I figure, the least I can do is treat you like a human being, instead of a leper.”

And there was the small, inconsequential fact that Eli had had a crush on Javier for years.

Javier stood there in silence for a moment, before nodding. He shook Eli’s hand; Eli had to brace his neck and shoulders to hide the little shudder than ran down his spine as his power disappeared, completely. For all his bravado, the feeling of losing something so integral to his entire being still scared him; there was the hint of relief when Javier let go, and the power came back this time, instead of disappearing forever.

Eli forced a laugh. “Well. I’m off to kidnap a little kid, I guess. See you around, Javi.”

He started for the door, and made it several steps when Javier said, quietly, “It’s Coyotl.”

Eli paused, and turned. “Sorry?”

Javier looked up, straightening his shoulders a little. “My name is Coyotl.”

He walked out the cafe, right past Eli, leaving him startled and certain that despite everything the two had done to each other over the years, Javier actually trusted him after all.

[homeloaninterestratesindia]

HDFC Ltd Home Loan Experience – A Learning for Borrowers

Today i will share my worst experience till date i.e. availing Home Loan from HDFC Ltd. As i mentioned in my previous post that HDFC Ltd. and HDFC Bank are 2 different listed entities. Many potential borrowers fall into this trap considering both are same. After Pre Home Loan Review I finalized HDFC Ltd based on good experience with HDFC Bank. After processing fee was en-cashed, I came to know that both are different. It was too late. HDFC Ltd is largest and oldest lender. My personal philosophy is to always go with Market Leader and you will not face any problem. Unfortunately, this time, i was wrong.

I took the loan from Marathalli Branch in Bangalore. On a fateful day, i visited the branch first met a gentlemen Mr. Niranjan who is branch head. He passed me the no. of DSA (Direct Selling Agent) Mr. Vinod & told me to coordinate with him. I called Vinod and he seems to be a very nice person. He was very sweet during first interaction and promised me that he will help end to end in this process. I just need to sit back and relax.

Besides helping in Home Loan Processing Fees, DSA’s also help in other activities like notarization, e-stamping etc. The biggest advantage is that you need not go anywhere. My first advice is to select your DSA very carefully and through reference only. Like Husbands/Wives they can also make your life Heaven or Hell :). For a home loan application, I told Vinod that I will be late from office. He told me that for him the customer is GOD. He can come at midnight for business. I fell flat with his customer friendly approach and thought i have landed in right hands.

The same day he came at 10 PM in the night and since i already had a list of documents required for loan processing, I handed over the complete set to him. During the informal conversation, he told me some health problems his family is facing (Which I realized later that it was cooked up to gain sympathy). While leaving, he told that he will let me know in 2-3 days on my exact loan eligibility and loan status. Just to add i was applying for pre-approved Home Loan Processing Fees.

To my utter surprise, next day i received a call from him and he told that all the docs are in place for loan processing. As a next step, i need to submit the processing fee (PF) that was approx 11k plus. He told that he will come in the evening & will collect the cheque. I requested him to waive it off as I heard that usually HDFC waive off processing fees. He told me that now it is not possible but still he will check with his senior and confirm to me.

Same day evening I received call from him and he told that he tried to convince his boss. The scheme to waive off processing fees is over. I said OK you can come and collect the cheque same day late evening. He also assured that if i will share a single case of PF waiver then he will refund the same from his pocket to me. He also promised i will get sanction letter in a max 2-3 days time. I gave him PF cheque same day evening and that was en-cashed next day.

This was the beginning of my troubles. Just after cheques encashment, DSA stopped taking my calls. I used to call him numerous times, dropped so many SMS but he never used to call back and respond back. Whenever I tried from my other mob no or landline, he used to pick up call and apologize for not picking up the call from my mobile no. with him. After that, he stopped picking up call from my other no’s also, I found out innovative ways to reach him like a call from PCO, friends mobile etc.

{Source: http://www.nitinbhatia.in/home-loan/home-loan-experience-with-hdfc-ltd/}

[ninaanderson90-blog]

How to Choose the Lenders: Private or Public Sector Banks

There will always come a time where you will need more money than what you have right now. Emergencies can come up which will require cash to pay. Or perhaps, you require money to pay for your dream house.

Whatever the reason is, you need to know the best lenders out there to borrow money from. In this article, I will talk about two prominent lenders: the private or the public bank sectors so that you will know which one you should go to when you need cash.

1. Processing Fees

Every bank has processing fees whenever you borrow money. For the public banks, they usually do not have direct selling agents (DSA) which means that the overall costs will be much cheaper compared to a private bank.

However, private banks, although a bit more expensive than public ones, tend to have perks that are not normally found in any other bank sector.000

2. Convenience

Private banks are the best when it comes to convenience. This is because they have direct selling agents and they provide door-to-door services as well. Such banks also have a wider network and that their services are guaranteed to be round-the-clock.

On the other hand, public banks do not offer such a convenience and you have to manually do the work that is needed for you to borrow money from the firm.

3. Prepayment

Prepayment is a welcome thing, especially for the borrower. Prepayment is great because you are assured of lower interest rates and you’ll also have less of a hassle since you’re going to pay the loan before the due date.

Private sector banks usually do not allow prepayment terms, especially if it is still within the first year since you borrowed money from the firm.

Public sector banks win in this regard since they do not have such a restriction and, therefore, you can settle your loan before the deadline without any hiccups.

One of the best ways to get money is to get a personal loan online since it is fast and convenient and they also allow prepayment as well.

4. Approval Time and Processing

When it comes to your loan getting approved, private banks are usually much faster than public banks.

That is because the former has a firm approach in that every person who loans money from them will have their applications approved in the shortest amount of time.

Conversely, public banks do not have such a process which is why it will take a longer time for your application to be approved.

5. Online and Digitization

You’ve probably guessed by now that private sector banks embraced digitization a long time ago while the public banks are still playing catch up.

I love the fact that the former offers an online approach to loan processing because it is a convenient way to get the money that you need.

I am not saying that all public banks do not have online mechanisms, but there is still a vast majority of them who haven’t embraced digitization yet.

In a nutshell:

Private Banks

+ Fast approval time

+ Online Services are Widely Available

+ Convenience

-Fees are much more expensive

-Prepayment is not allowed

Public Banks

+ Low Processing Fees

+ No Prepayment restriction

= Digitization is still not widely embraced

-Less convenient than private banks

-Approval time is longer

Conclusion

Whenever you need money, a bank is an institution that you can rely on. There are private and public sector banks and they both have their pros and cons.

If, however, you do not want to borrow money from such institutions, you can try to get some money from personal loans online.

[awebtoknow-blog]

How to Choose the Lenders: Private or Public Sector Banks

There will always come a time where you will need more money than what you have right now. Emergencies can come up which will require cash to pay. Or perhaps, you require money to pay for your dream house.

Whatever the reason is, you need to know the best lenders out there to borrow money from. In this article, I will talk about two prominent lenders: the private or the public bank sectors so that you will know which one you should go to when you need cash.

1. Processing Fees

Every bank has processing fees whenever you borrow money. For the public banks, they usually do not have direct selling agents (DSA) which means that the overall costs will be much cheaper compared to a private bank.

However, private banks, although a bit more expensive than public ones, tend to have perks that are not normally found in any other bank sector.000

2. Convenience

Private banks are the best when it comes to convenience. This is because they have direct selling agents and they provide door-to-door services as well. Such banks also have a wider network and that their services are guaranteed to be round-the-clock.

On the other hand, public banks do not offer such a convenience and you have to manually do the work that is needed for you to borrow money from the firm.

3. Prepayment

Prepayment is a welcome thing, especially for the borrower. Prepayment is great because you are assured of lower interest rates and you’ll also have less of a hassle since you’re going to pay the loan before the due date.

Private sector banks usually do not allow prepayment terms, especially if it is still within the first year since you borrowed money from the firm.

Public sector banks win in this regard since they do not have such a restriction and, therefore, you can settle your loan before the deadline without any hiccups.

One of the best ways to get money is to get a personal loan online since it is fast and convenient and they also allow prepayment as well.

4. Approval Time and Processing

When it comes to your loan getting approved, private banks are usually much faster than public banks.

That is because the former has a firm approach in that every person who loans money from them will have their applications approved in the shortest amount of time.

Conversely, public banks do not have such a process which is why it will take a longer time for your application to be approved.

5. Online and Digitization

You’ve probably guessed by now that private sector banks embraced digitization a long time ago while the public banks are still playing catch up.

I love the fact that the former offers an online approach to loan processing because it is a convenient way to get the money that you need.

I am not saying that all public banks do not have online mechanisms, but there is still a vast majority of them who haven’t embraced digitization yet.

In a nutshell:

Private Banks

+ Fast approval time

+ Online Services are Widely Available

+ Convenience

-Fees are much more expensive

-Prepayment is not allowed

Public Banks

+ Low Processing Fees

+ No Prepayment restriction

= Digitization is still not widely embraced

-Less convenient than private banks

-Approval time is longer

Conclusion

Whenever you need money, a bank is an institution that you can rely on. There are private and public sector banks and they both have their pros and cons.

If, however, you do not want to borrow money from such institutions, you can try to get some money from personal loans online.

[eaasylending-blog]

DSA Loan Agent Registration

We are into microfinance lending platform deals in low profile customers but with good cibil recordSalary minimum 11000 if house is owned and 13000 for both rented salaried minimum Pvt ltd company For propieter firm minimum salary should be 15000 Business loan for both rented with good banking Daily emi scheme available for retailers and shopkeepers Loan against open plot grampanchayat and shetinavikas zone only for business person Housing loan for cash salary and ghuntewarki, grampanchayat property Low cibil salaried loan only of own house and. Minimum salary 25000 ... We are looking for agents or dsa to work with us and earn excellent income as market is untouched Will give marketing support and pre approval lead to support at intial stage For more details get in touch on 9970666919 

www.easylending.in

[acnfrance02-blog]

Why Choose Acn Over Various Other Multi Degree Marketing Business?

Can you really earn money in the ACN company? Yes, but the amount you make depends on the effort and devotion you place in the business. If you want to appreciate a constant circulation of income and also become economically complimentary, after that you need to use the ideal advertising technique along with effort, devotion, and also perseverance. Your hunger to prosper is what defines your success. It is normal to have a great deal of questions when you are simply beginning in business. Hence, it is necessary to have an upline that will assist, overview, and also motivate you in this kind of service. As you accompany, you will recognize the tricks to recruiting other individuals as well as developing your personal team. With ACN, you could market the services and products with typical advertising and marketing or make use of the power of the internet. You can make an endless stream of residual revenue via ACN Products. What matters one of the most is you want to do everything to discover the ins and outs of business.

American Communications Network helps you earn money in two ways. You can market its services and products as well as earn payments for every single purchase. You can fund new members, obtain compensations, and grow your team. If you wish to make a big quantity of cash without putting in a great deal of job, after that you have to construct your team. The bigger the team the better the residual earnings. It can be very difficult building a team yet with correct training, skills, and education and learning, you will certainly be able to grasp the tricks of getting people to join your team. ACN uses a competitive bundle strategy. If you treat it as a significant company, you could make a living as a full-time independent local business owner. If you have a conventional job, you could do ACN on the sides. It would be a large aid to your finances. You will certainly gain commissions each time you market the services and products of ACN. If you wish to further boost your earning, after that you could concentrate on hiring individuals. The even more individuals you contribute to your group, the far better the payments. Gradually, you will certainly have the ability to take pleasure in a recurring earnings.

Financial Flexibility Through Residual Income

They took right into problem things that mattered along with things that really did not be of repercussion such as appeal. They found out that appeal does issue but they also discovered out 24 from the 25 they checked out belonged to the DSA-Direct Selling Association. So Nexera took a number of points right into account so they can be neutral about the total project.

Repair broken web links. You need to remove any web links that are not functioning. Check regularly to earn sure the sites are still live as well as are directing your visitors to the right info. Nevertheless, like any kind of sector, there is the strange dodgy rep who will market ACN to you on incorrect promises. Associates who promise that you will certainly be making $10,000 each week within a month. Similar to the dodgy sales person that markets you a brand-new vehicle, only for the exhaust to diminish after 2 miles. Unfortunately, these reps are giving ACN a poor online reputation. When associates do not satisfy these impractical assumptions, they naturally feel as if they have been scammed as well as cheated. ACN Telecommunications is a network marketing business providing telecommunications services and products to every household and also organisation. ACN is the biggest straight ACN provider of telecommunications solutions in numerous continents of the world. Currently, its organisation encompasses more compared to 20 countries. The main goal of ACN is to bring premium quality telecommunication services at a practical price. It aims to eliminate all the marketing cost by allowing individuals join them and also have the agents market their services and products. The cost savings from advertising price will certainly be handed down to customers as well as agents. One of the very best organic treatments to obtain eliminate acne is to crush mint leaves and apply on the infected location. This will certainly not only assist in treating acne however will additionally avoid more appearance.

Who Will Most Likely Come To Be Effective In The Acn Business?

[getpersonalloan]

Personal loan

The Easiest Way To Get An instant Business loan,  Online Get instant Personal loan online offers from several banks and NBFCs in a matter of minutes, also get a professional opportunity through which the DSA Loan Agent can refer and earn money at the comfort of their home.

Personal loan

One of the main reasons behind the rapid rise in the popularization of Personal Loans is that being an unsecured loan doesn't require collateral, and the time to process it is fast. It is easy to get Personal Loans from any bank or non-banking financial firm you choose. With the introduction of online banking offerings, you can obtain the funds within a few hours.

How do I get a loan for personal use?

The term "personal loan" refers to a type of loan that doesn't require collateral or security and is provided with only the smallest documents apply for personal loan.

You can use the money from this Loan to meet any legitimate financial requirement. As with all loans you take out, you have to repay them according to the terms you have with your bank. It is usually some months or some years in simple equal monthly instalments.

A personal Loan is an unsecured credit offered by financial institutions upon factors like work history, capacity to repay or income level, professional experience or credit score. A personal loan   has multiple purposes that can be used to satisfy your immediate needs.

What can a personal loan be used to serve?

You can use the money you receive through a personal loan in any way you like - pay for your next vacation, purchase something new, pay for medical treatments and home improvements and weddings, or even finance your child's education or college, etc.

What are the principles behind personal loans?

A personal loan operates similar to the majority of loans. You can apply to borrow money, present the required documents, and the bank examines your creditworthiness and then makes an offer to lend. If you agree, the money is transferred to your bank account, and you can utilize the funds however you want to personal loan online apply.

You have to repay the Loan by equivalenced monthly instalments (EMI), which will be contingent on factors like the loan amount, tenure, and interest rate.

What are the advantages of a Personal Loan?

Contrary to other types of loans, such as Home Loan or Gold Loan that require numerous documents, Personal Loans need only a few documents, and approval is fast.

With various financial institutions providing online personal loans, the loan amount will be paid out within a couple of hours if the lender is satisfied with your ability to repay.

Another important aspect of a Personal Loan is that lenders allow you to select the loan term you want. Typically, a Personal Loan can be anywhere from one to five years. Therefore, you can choose the duration of the Loan cording to the amount of money you can pay back. It is recommended to choose the Loan a shorter term, to reduce the amount of interest and pay back the Loan quickly.

It could be that you require urgent cash to get on the road to your dream vacation, paint your walls in your home or even pay off some urgent medical expenses. Whatever your need for cash urgently is, you're only a few minutes away from obtaining the benefits of an Instant Personal Loan with Nowofloan.

Is there a maximum amount you can get?

The maximum amount you can borrow is contingent upon your income, job and the lender's evaluation of the application for a loan. The lenders generally approve the Loan based on their calculations, so the EMI is not greater than 40% to 50% of your monthly earnings. In addition, they consider the number of dues in calculating the loan you're a company owner or  personal loan for self employed, the lender will decide the amount of the Loan by analyzing the earnings you have earned and reported in the statement of profit and loss. When you're a salaried employee, the lender will decide the amount based on your earnings and other obligations.

Do you think it is possible to apply for a joint personal Loan?

Yes, you can apply for Personal Loans jointly with your spouse or other family members such as siblings or parents. One advantage when applying for a personal Loan along with co-borrowers is that lenders will take into account both applicants' income when deciding the amount of the Loan his means you can get a larger amount of Loan you should be aware that if your co-borrower has a bad credit score, There is a chance that the lender will reject the loan application.

What documents are required to complete a personal Loan application?

While the requirements for documentation vary between lenders but some of the most important documents you should include when filling out your form are:

Evidence of income (salary slip, bank statement ITR forms)

Identification and proof of residence evidence

Accredited copy of your diploma and your licence (this is only applicable to those who work for themselves).

Do you have any foreclosure fees?

If you opt to prepay the Loan to the expiration of the Loan, the lender could charge you penalties, referred to in foreclosure costs. This fee typically can be anywhere from one to 2 per cent of the total amount.

If you are aware of Personal Loans, it is now possible to evaluate the Loan offers offered by various lenders. You can also apply for an online Personal Loan and receive the required amount to cover the expenses.

Personal loan online apply you've received the Nowofloan Premium Member Card, there is no turning back! You can receive personal loans from several banks conveniently from your home. Click a few buttons and receive loan offers in a flash, subject to your qualifications. It is important to know it is important to note that Premium Membership Cards isn't actual debit or credit card, and the user shouldn't be under the opinion that purchasing the card will result in cash from the bank. The Membership Card is available to our business only and offers specific benefits.

Purchasing a Premium Membership Card offers numerous advantages that will assist the borrower with applying for personal loans. Let's examine the specific benefits of the card. You can take advantage of the loan pre-approval offer from multiple banks on one platform, Nowofloan.

It provides customers with a decade-long, free consulting service that assists in each phase of obtaining a loan. By using the card to join, members could receive a payment of as high as 40% from referrals.

The types of personal loans available

Personal loans can be secured or unsecured. Secured personal loans need collateral of some kind as a precondition for borrowing. In other words, you can get a personal loan using cash assets like an account for savings or a certificate of deposit (CD) or an actual asset like your vehicle or boat. If you fail to pay this Loan lender may retain your collateral to pay the Loan. An unsecured personal Loan needs no collateral to get money.

Banks, and online lenders may offer secured and unsecured personal loans to those who meet the criteria. The banks generally view these loans as riskier than the former since there's no collateral available. This could mean paying an interest rate that is higher for personal loans.

What is a Personal Loan?

To obtain personal loans, you will need to approach the lender. This could be an institution like a bank or online personal loan lender you can get personal loan online instant.

Typically, you'll first fill out an application. The lender will review the application and decides if they want to approve or deny the application. If you're approved, you'll get given loan terms which you may decide to accept or not. If you accept them, the next step will be closing your loan application.

Once that's completed, the lender will fund your Loan his entails paying you the money. Based on the lender, these could be received via a direct transfer to your account at a bank or in the form of a check. Once the Loan is repaid, you are free to utilize the money however you wish. After that, you'll have to start paying back the Loan following the conditions in the loan agreement.

[denmanroad-blog1]

There Is No Must Stress More Than A Commercial Property

There could be positives and negatives to buying commercial real-estate. There could be large profits being made but you might lose cash, at the same time. Selecting your house carefully and selecting financing that may be trustworthy is crucial. Please read on to get ideas to assist you to make sound decisions in relation to property purchases. Prior to signing a lease, check out pest management. When you are renting in a area that is recognized to have a great deal of rodents, pests, or bugs, then ask your agent precisely what the policies on pest management are. A crucial fundamental of commercial property is location, location, location. Neighborhood is vital, regardless if you are considering commercial property. Compare its growth to similar dsa approved modular elevators areas. What you will be seeing now regarding commercial potential could possibly be different quite a while from now. Your investment could possibly be very cumbersome at the beginning. First, you have got to quest for a golden opportunity. Once you have purchased your property, you might want to take some time and cash making repairs or remodeling it. Don't include the towel due to massive hours needed. You will certainly be rewarded later. You have to be sure that your selling price can be a fair offer for your personal component of real-estate. There are a variety of uncertainties which will have a huge affect on the price tag on your lot. If inspections are section of the deal in your real-estate, be sure you check every one of the credentials of your hired inspectors. This is correct whenever using pest or insect removal, as many those people who are non-accredited are employed in these fields. Ensuring that your entire inspectors are certified prevents problems from arising once the sale. If you plan on putting your commercial property about the rental market, get a simple, but solidly constructed building. These buildings produce an appearance being well-maintained and so are more inviting to potential tenants. Buying good buildings could help you save money repairs later. As previously noted, this business of commercial real-estate can be hard to ensure success in. It will require a huge monetary investment, combined with time and effort, to generate a success of your commercial real-estate investment. Furthermore you will need to take some risks.