Borrower says, “If INR 20000 is arranged on time, I might have saved my father’s life”

I trust that “availability of funds for urgent needs” is more important than leaving it to fate. I got a mail from a borrower stating that if funds are arranged, he might have saved his father’s life. I have to respond! We need solutions! Reviewed all rejected loans history, presented the same in image.

To address such needs, I requested all my lenders for funds to lend, but they see risk in it. I agree with all my lenders that it is important for them to safeguard their hard-earned money. I proposed Risk-Based lending, please suggest is it making sense? Or is it further worse?

Why our lenders reject loan applications?

If credit report is having “Suite Filed and Written-off”, “irregular EMI payments” and “Low CIBIL score” loan applications are rejected by most of our lenders.

My solution with-in loans spectrum:

Subprime lending – Is Peer 2 Peer entering it?

What is subprime lending?

In finance, subprime lending means making loans to people who may have difficulty maintaining the repayment schedule, sometimes reflecting setbacks, such as unemployment, divorce, medical emergencies, etc.

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