Tag: Default guarantees

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Default Guarantees, Rising Costs Pose Threat to Buy-Now-Pay-Later Space

Default guarantees, rising costs, and declining VC interest are threatening the buy-now-pay-later industry. Find out how these challenges may impact players like ZestMoney in this article.

Nod Given to First Loss Default Guarantee to Boost Lending for Fintechs

Digital lenders can offer more loans thanks to the Reserve Bank of India allowing them to take the first loss default guarantee. However, the guarantee has a 5% cap and must be invoked within 120 days of a loan being due. Entities regulated by the central bank are responsible for recognizing and provisioning the assets, with no set-off against individual loans.

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Default Guarantees, Rising Costs Pose Threat to Buy-Now-Pay-Later Space

Default guarantees, rising costs, and declining VC interest are threatening the buy-now-pay-later industry. Find out how these challenges may impact players like ZestMoney in this article.

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