Sep 13, 2021
A new framework to lend loans in a smarter way
Undoubtedly, loans are one of the major sources of income for banks and other related financial institutions. A loan helps the customers to meet their short term financial needs and the interest given by the customer is the way a bank makes a profit. At once it may seem that extending more loans can increase the profit of such financial institutions, however, laxity in granting loans can lead to more losses as many customers may default on the loan repayment.
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