3 best React Native alternatives for building mobile loan apps
In the world of mobile app development, there are many ways to skin a cat, and React Native is one of them.
What is loan fraud and red flags to spot fraudulent borrowers
Lending comes with its risks, and adding technology into the mix can make things even trickier. Loan fraud, in particular, has gotten pretty sophisticated, so lenders need to stay alert and watch out for common scams and sneaky tactics.
How Artificial Intelligence (AI) can transform lending
It’s lending’s turn to experience this breakthrough, with companies like Lendsqr leading the charge. So, how will AI transform lending? Let's explore three key ways:
What is on-lending and how does it work?
While there are several ways to finance a lending business, on-lending remains one of the most underutilized methods, likely due to a lack of information.
5 key qualities borrowers look for in a lender
While countless articles detail what lenders want in a borrower, we've flipped the script to highlight what borrowers look for in a lender. So, what qualities convince a borrower that a lender is the right choice?
What is debt forgiveness and how does it work?
If you reside in a country where debt forgiveness programs exist and are struggling to cover debt payments or feel like you’ll never be able to pay everything off, you might consider debt forgiveness an option.
What is rent reporting and why is it important in Nigeria?
Many people who don’t have much credit history do have a history of paying rent on time. But that information doesn't show up on their credit reports or help their credit scores. However, with rent reporting, everything changes.
How to secure a loan without collateral
All over the world, loans are frequently tied to the risk of losing personal items, known as collateral. However, what isn’t commonly known is that not all loans require collateral. While this benefits borrowers, it raises the question: how do lenders handle such risky loans?
Essential loan pricing strategies for every lender
Loan pricing is deciding how much interest to charge on a loan. In this article, we'll look at some factors influencing loan pricing and discuss different strategies for setting loan prices.
BVN is great, but here are 5 ways CBN can make it better
Creating BVN was a commendable first step, but if it doesn’t evolve with technology, it risks becoming more bureaucratic than valuable.
What you need to know about CrediCorp
In Nigeria, easy access to credit is vital to achieving personal financial goals. The Nigerian Consumer Credit Corporation (CrediCorp) is leading the charge in making consumer credit more accessible, putting Nigerians in the driver's seat of their financial futures.
VeendHQ Vs. Lendsqr: Which loan management software is right for you?
The difference between a flourishing lender and one that’s struggling to stay afloat is often evident in one critical factor: the lender’s technology or, in this case, the lender’s loan management software (LMS). VeendHQ and Lendsqr boasts of excellent features and benefits. But which one truly stands out?
