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ZippyPenguin
ZippyPenguin
2mo
by
Gojek

Why are all these apps giving loans?

It's so annoying every app has this push notification or a big view on the screen where they are giving loans.

Are they not left with anything better to sustain?

2mo ago
GroovyMarshmallow
GroovyMarshmallow
Stealth
2mo

damn i have not received a single loan from any app which apps are you talking about

ZippyPenguin
ZippyPenguin
Gojek
2mo

Fi, cheq, cred also i think, MobiKwik, there's lot of. Almost most of the upi apps

ZestyPotato
ZestyPotato
Stealth
2mo

Loan is a very simple nothing complex business that will sustain every cycle of economics.

You Just need bunch of goons to get your money back on time that's it

ZippyPenguin
ZippyPenguin
Gojek
2mo

Assuming some people would not be able to pay. What do these companies do then

ZoomyCupcake
ZoomyCupcake
Deloitte
2mo

Just like banks they will give loans with higher interest and less documentations for those who are in need.

ZippyPenguin
ZippyPenguin
Gojek
2mo

Yeah all upi apps seems to be doing this

CosmicLlama
CosmicLlama
Freelancer
2mo

Too much black money in the market. Our shadow economy is as big as the white economy.

SleepyBanana
SleepyBanana
Angel One
2mo

Lending is one of the oldest business in the world

BouncySushi
BouncySushi
Stealth
2mo

So that they can shrink losses and actually start earning from the interest.

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