Pune: Access to right data is necessary for lenders to be able to issue loans to the right borrower while operating in the retail segment, said Fraser Gemmell, CEO of global credit intelligence company Pepper Advantage. While education of borrowers is essential, lenders too need access to the right customer data to assess their creditworthiness. The companys data and analytics enable the lenders to reduce risks of financial frauds during the loan underwriting process.TNN We also published the following articles recentlyHow do lenders decide loan amounts to be sanctioned?Lenders determine loan amounts based on credit score, multiplier method, DTI ratio, EMI/NMI ratio, and LTV ratio. Different lenders prioritize these factors differently, and criteria can vary based on loan type and lenders policies. Borrowers should communicate openly with lenders to understand specific criteria used in loan approval process.Google Play removes 17 fake loan apps: Why users need to delete these apps right awayESET researchers uncovered 18 SpyLoan apps targeting Android users in India and globally, with 12 million downloads from Google Play. These apps, disguised as legitimate loan services, trap users with high-interest rates and collect personal information. Google has removed 17 of these apps from the Play Store. The apps are spread through social media, SMS messages, and third-party app stores. They also violate Googles policy on interest rates and repayment tenure. Names of these apps include AA Kredit, Amor Cash, and GuayabaCash, among others.

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