India has everything to establish itself as a global FinTech hub: Loan Frame | DATAQUEST

 

In an interaction with Dataquest, Loan Frame Founder and CEO, Shailesh Jacob talks about the company’s idea, technology SMEs and loan algorithm. Jacob divulges the current scenario of finance in the industry and what Loan Frame looks for in a skilled candidate.

Kindly put some light on Loan Frame and the idea behind it.

Loan Frame is a leading fintech company that is committed to solving the financing problem for millions of small and medium enterprises (SME) in India. Its vision is to be the country’s largest and most preferred technology enabled SME lending marketplace.

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Loan Against Property: Continues to be a great business loan option despite some bumps along the way

Loan Against Property (LAP) is one of the most popular borrowing tools for SMEs mainly because LAP provides a win:win solution for both borrowers and lenders. From the borrower’s perspective, idle property is leveraged for long-term business needs while for the lender, the exposure is more than secured. Little wonder that LAP is expected to be one of the fastest growing credit products.

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Loan Frame Redefining SME Financing: Founder-CEO Shailesh Jacob | ICTflash


Loan Frame is a Fintech company focused on small and medium enterprise (SME) lending in the Indian subcontinent by building India’s largest technology enabled SME lending marketplace. Loan Frame is providing a technology solution to one of India’s long standing economic problems — availability of credit to Indian SME’s. Its Founder and Chief Executive Officer (CEO) Shailesh Jacob talks about the prevailing lending scenario and what his company is offering…

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Leveraging Technology For Business Loans | CXOToday

 

‘Digital India’ is much more than a political slogan. At its core, it is the belief that technology can help improve access to services for hitherto neglected segments of society and the economy.

One such segment is SMEs. Technology is already revolutionizing lending in India and it can bring a true disruption in SME lending, which is ripe for improvements. Measuring borrower risk accurately is something that lenders have always struggled with. This gets trickier with smaller businesses given that such these borrowers do not always have organised revenues and expense trails.

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Demonetisation: Uncertainty means MSMEs funding scenario hugely negative | Economic Times

 

Traditional lenders are pulling back in the short term as they wait to see the impact of de-monetization on their current portfolio and grapple with uncertainties in SME business performance and collateral prices. In the medium- and long-term, capital availability and lending will increase significantly as lenders get better visibility on business performance and more business transactions are recorded digitally.

– Shailesh Jacob

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The Post-Demonetisation Borrowing Landscape – Navigating the Changes

The crucial 50 day period following the demonetisation announcement is about to end. This period has been characterised by economic convulsions, adjustments, and apprehension about the future. The difficulties that businesses small and large have faced in this time are real and well known. However, the feelings of apprehension are as real for lenders as they are for borrowers.

Following demonetisation most lenders have gone into wait and watch mode as their risk appetite has gone down even as borrower risk profiles have gone up. According to RBI data , credit or loan growth for the fortnight that ended November 25 – the first reporting fortnight after demonetisation – declined to 6.6% from 7.9% on a year-on-year basis in the previous fortnight, i.e. before the demonetisation announcement. This is nearly half of the long period loan growth rate of 12.9% between 2012 and 2016. In the fortnight ended December 11 (the latest available), YOY growth dropped even further to 5.7%.

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