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Digital Lending - SME Loans

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The process of lending credit through digital mediums is called digital lending. The advent of technology has turned stringent processes like applying for loans into more convenient ones through these online loan offers. You can apply for these loans from your home, work, or any place for that matter using your laptops or smartphones over the internet. The complete process is done online, you wouldn’t be required to visit the bank. Sharat Chandra Konatham of onion credit believes digital lending is helping financial institutions to serve small-scale business owners in a better and efficient manner. The digital lending market is witnessing good growth, Pandemic has also resulted in a spike for the same. Digital lending has especially changed the game for small business owners and bridged the credit gap small business and startups faced. How to Underwrite loans when giving an online loan to SME? Loan underwriting refers to the process lenders follow to verify the credibility of the bor...
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Sharat Chandra Konatham - Educational Counseling

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  Introduction Educational counseling is a process of enlightening a student in the vast area of educational programs, where to pursue them and establishing a nexus with the final goal of the student. The best part about it is that it can be availed at any stage of the formative years of a student or right before the most crucial years of higher studies. Unfortunately, education these days has become very expensive. To invest that much in one’s education just based on opinion or without proper research is as good as investing in the stock market without knowing the basics of it. You either get lucky or lose all of your fortunes. Why should you seek educational counseling? As Mr. Sharat Chandra Konatham , Co-founder and COO of FeeMonk , rightly stated in one of his speeches, “Students require educational counseling to eliminate possible risk factors,that they may not be able to fathom right now, with the guidance of those that have been there and faced the same confusion. Experience...
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Education Loans To Upgrade Your Skills

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You may have heard a lot about various types of loans such as home loans, gold loans, personal loans, and education loans, but have you heard about education loans to upgrade your skills?? Let us get into the details of skill development education loans, explained by Mr Sharath Chandra konatham , our proficient specialist.   What Is An Education Loan To Upgrade Or Develop Your Skills? In 2015, the Government of India launched a scheme called the skill loan scheme, in which, financial institutes and new-age NBFCs such as Feemonk provide institutional credits to individuals. This way, they can apply for courses that will help them to upgrade existing skillsets or develop new ones according to the ever-changing world and constantly updating technology. Under this scheme, all the financial institutes have been given certain guidelines under which they will issue loans. Benefits Of Skill Loans There are many benefits of this type of education loan, they may seem minor now,...
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Top Myths About Education Loan

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  Are you exploring education financing options? Surely, you have heard a gazillion opinions about funding your higher education correctly. You might have a long list of good advice, but did someone tell you anything about education loan myths? Most of you say no and that’s obvious. This is because not everyone is wise guy to guide you completely. To assist you in making truly informed decisions about your funding for education, Sharat Chandra Konatham , a leading fintech entrepreneur has debunked the top education loan myths.   The myths are often considered facts by the general public. These misconceptions might raise a huge problem later in your career. For assuring a secured education loan, Sharat Chandra Konatham not only dispelled the myths, but also provided expert tips to you. Have a look - Myth 1 - People with top-notch grade get the education loan This is one of the popular myths among students; they think that only good grades can bring them a loan easily. ...
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