online personal loan india
197900989
Setting defaults for online banking transactions: Experimental evidence from personal loan repayment terms
Abstract As more people use online tools to assist financial decision making, it is important to understand how the design of these tools influences consumers' choices. We conducted an experiment N 180 using a simulated product comparison tool for personal loans, which tested whether choices were affected by the default settings for properties of the loan. The results show that changing the default repayment term from 1 year to 5 years led to 12% 16% more consumers choosing a repayment term of 4 years or longer, which would cost each of them a minimum of EUR470 on a EUR10,000 loan. These findings imply that subtle presentational features of online tools may have systematic effects on important financial decisions.
Journal of Behavioral and Experimental Finance
Shane Timmons Feidhlim P McGowan Peter D Lunn
155796320
A study on customer satisfaction towards housing loan, car loan and personal loan with special reference to state bank of India, andhra bank and axis bank, Guntur
Today banks are facing tough competitions. The customers have a wide choice of brands to select from. In order to survive the competition the banks have to do a better job of meeting and satisfying customer needs than their competitors. In the competitive scenario customer is the king. The normal progression of any concern in today's marketing scenario is highly customer centric, many finance companies in India provide easy loans and that are processed in a day time. This has made the loan system quite popular. The study will help the bank to identify the problems in the housing loan scheme provided by the bank. The main aim of the study is to find out the customers satisfaction towards housing loan, car loan and personal loan scheme provided by the bank.
Ch L Hymavathi K Kalpana
167412273
A Study on Personal Loan in India
Personal loan can be taken for any personal requirement ranging from marriage to holidaying or maybe to buy a lifestyle product or medical emergencies. The end Personal loans are unsecured loans provided by the banks and non banking financial companies without taking any collateral security, though some banks may insist on a guarantor purpose is not important to the bank as long as it is not for speculative trading. Normally personal loan will be very helpful to the end users for their personal use and now they can easily get loan from bankers and private finance based on their eligibility like salary and business income.
Muralidharan Somasundaram
158051335
Small business online loan crowdfunding: who gets funded and what determines the rate of interest?
The advent of online peer to peer crowdfunding presents a new type and source of finance for small firms. This raises the question of whether this innovation makes any difference to the type of business that can secure funding and the amount that they pay for this finance. In this paper, we examine the American online peer to peer loan crowdfunding website www.prosper.com to answer these questions. We create and analyse a dataset of 14,537 small firm unsecured loan applications. We find that lenders in this market ignore business characteristics and focus on personal characteristics instead, particularly a person's credit score but also whether they are employed and provide a picture. This implies that entrepreneurs who want to raise finance in this market will need to use a very different pitch than the norm in the offline market as personal rather than firm characteristics are the main determinants of securing funding and the price paid for it.
Reabetswe Kgoroeadira Andrew E Burke Andre van Stel
12772562
FACILITATING GLOBAL E COMMERCE: A COMPARISON OF CONSUMERS' WILLINGNESS TO DISCLOSE PERSONAL INFORMATION ONLINE IN THE U.S. AND IN INDIA
Consumers' privacy and security concerns are magnified as companies rely on worldwide networks for electronic commerce. Global businesses that can persuade consumers to disclose their personal information online are more likely to provide better service and product delivery. In this research, we conducted an empirical study of 809 consumers in the U.S. and India to investigate their online information disclosing behavior and their intentions to take and execute protective measures during online interactions. Results suggest that there are significant differences between American and Indian consumers with regards to their willingness to disclose personal information (WDPI) and their intentions and actions for privacy and security protection. We find that Indian consumers are more willing to disclose potentially sensitive personal information, and U.S. consumers intend to and engage in higher passive privacy protection actions compared to Indians. Thus, cultural differences influence consumers' WDPI and their online privacy protection behavior. These findings have implications for companies to consider cultural differences when conducting global e commerce, indicating a need for a localization approach.
Babita Gupta Lakshmi Shankar Iyer Robert S Weisskirch
198590778
Analysis and Suggestions on Campus Online Loan Taking College Students in Tianjin as an Example
This paper takes college students in Tianjin as the object of investigation, uses the descriptive analysis method to analyze the existing problems in the campus network loan market in Tianjin, and gives some suggestions to improve the current situation, including improving college students' understanding of campus network lending, guiding college students to form good consumption habits, and standardizing the development of campus network lending platform by improving personal credit information system, rectifying false propaganda of network credit, establishing relevant laws and establishing a sound regulatory system. Keywords college students, campus loan, consumption
Yaping Tian Qiuyuan Wang Xuesong Wang Miao Zhang Shuang Liu
166853287
Repercussion of Personal Traits on the Overall Attitude about Online Advertisements Empirical Forethoughts among Teenagers in Tamil Nadu, India
Online advertisements are a type of advertisement that is broadcasted on the internet. In contrast to traditional advertising, online advertisements establish an interactive communication. Now a days, teenagers are frequently using the internet either for educational purposes or at least for entertainment. When the teenagers come across these online advertisements, their attitude about the advertisements is very important for the success of the advertisements. Hence, the present study analyses the overall attitude of teenagers about online advertisements based on gender, educational qualifications and age. To capture the responses from the teenagers being respondents of the study, a well structured questionnaire was administered to 2500 respondents with a yielding rate of 80.04 (2001 usable Questionnaires) The various factors such as general perception, advertising utility, indignity, price perceptions and regulation were captured on a five point scale and further classified into three groups namely favorable, neutral and unfavorable based on the total score. The geographical area of Tamil Nadu State in India was used as the sampling area. The questionnaire was administered in person to students in identified schools and colleges all over Tamil Nadu. Also, Snowball Sampling Technique was used to collect data from respondents who are stationed far away from the researcher. The data used for the purpose of this study were collected for a period of 6 months from 1st July 2014 to 31st December 2014. The collected data were subjected to statistical analysis using Frequency analysis, Chi Square test, and regression analysis. It was found from the study, that the respondents do not differ in their attitude about online advertisements based on gender, educational qualifications and age. Keywords: Internet, Online, Advertisements, Attitude, Teenagers
K Pongiannan S Sivaneshwaran
157883776
Demonetization: The Effects on Home Loan Customers in India
The demonetization had a great significant and immediate impact on the state of the Indian economy. It becomes necessary whenever there is a change in the national currency. The purpose of this study is to analyze the effects of demonetization on the home loan customers in India. This New Year to bring a smile to the customer face and to his family members, major banks of the country have slashed their home loan interest rates to a large extent. This article also covers the various benefits which are like the golden dreams for the customers and The results of this study help to avail a home loan at the cheapest interest rate with the lowest monthly EMIs. Largest home loan providers and bankers have reduced the home loan interest rates. Thus, the findings of this study reveal that, it will create a huge positive impact on the home loan customers for a long period of time. The paper is based on secondary data collected from different newspapers and online sources, mentioned in references.
Sanjay S Khatri Chetan Kashyap
125082388
Cheap promises: Evidence from loan repayment pledges in an online experiment
Across domains, people struggle to follow through on their commitments. This can happen for many reasons, including dishonesty, forgetfulness, or insufficient intrinsic motivation. Social scientists have explored the reasons for persistent failures to follow through, suggesting that eliciting explicit promises can be an effective way to motivate action. This paper presents a field experiment that tests the effect of explicit promises, in the form of "honor pledges," on loan repayment rates. The experiment was conducted with LendUp, an online lender, and targeted 4,883 first time borrowers with the firm. Individuals were randomized into four groups, with the following experimental treatments: (1) having no honor pledge to complete (control) (2) signing a given honor pledge; (3) re typing the same honor pledge as in (2) before signing; and (4) coming up with a personal honor pledge to type and sign. I also randomized whether or not borrowers were reminded of the honor pledge they signed prior to the repayment deadline. The results suggest that the honor pledge treatments had minimal impacts on repayment, and that reminders of the pledges were similarly ineffective. This suggests that borrowers who fail to repay loans do so not because of dishonesty or behavioral biases, but because they suffer from true financial hardship and are simply unable to repay.
Syon P Bhanot
225673361
Youth perception on public sector, personal activities and psychological problems during the lockdown in India
Background: The worldwide spread of corona virus and lockdown interrupted the social life of human beings. Aim: The current study is to understand the public sector activities and personal activities and psychological problems among youth during lockdown in India. Methods and Materials: A cross sectional survey has been done in eighty one districts of nineteen states and three union territories in India. There were 788 youth participated in online survey and administered self reported questionnaire focused on government activities, personal activates psychological problems during the first and second phases of lockdown period in India. Results: The findings revealed that majority of youth prefer to be engaged in social networking sties (30. 7% About 77.8% mentioned that lockdown interrupted their basic needs and 16.4% of youth involved in voluntary service. The majority of youth agreed that government advices, campaigns and the supportive services helped them in lockdown. There was highly significant gender comparison with personal activity (P=.005) psychological problems (P=.01) and significant correlation between personal activity and psychological problems (P=.02) Conclusion: The public sector activities helped to resistor the spread of coronavirus during lockdown and there is a need of psychosocial interventions among youth.
Uma Harikrishnan Vineetha Raj Poika Sajan Antony Anoop Joseph