Category: Finance

Digital lending technology is a new way to borrow money, and is a great alternative to traditional bank loans. Usually, customers apply to borrow a certain amount of money online and select a loan term, to find a deal which is tailored to their individual needs. Here, we will take a look at how exactly digital lending technology works and what it is.

Digital lending is done fully online, without any physical meeting between the lender and the client. Often, there isn’t even a need to make any phone calls either – the process is entirely digital. P2P platforms are also popular amongst those looking to borrow money online.

Vippinurkka is a popular platform for comparing online borrowing companies. Here, users can enter the amount they wish to borrow and for how long. They will then be presented with a list of companies so the interest rates can be compared, and customers can select the deal which best suits them.

Digital lending is often more open than traditional bank loans. Some companies can offer money to those with no credit history, as well as those with a poor credit score. The process of applying for a loan online is a lot simpler than going to a bank, too. The application process is much quicker, and can be done in as little as half an hour. It can also be done at any time of the day – 24 hours a day, 7 days a week.

Applying for an online loan is also much more relaxed than visiting a bank. This is a major part of the appeal of online borrowing. Users don’t have to dress smartly and sit down in front of a bank manager – the application can be done from the comfort of your own sofa, and even in your pajamas.

Once a customer has applied for an online loan, it doesn’t take long to learn if they have been accepted or not. This is another advantage over traditional bank loans, as it can take several visits back and forwards before you know if you’ve been accepted or not. Some online lenders can transfer the cash to their customer’s account within a few hours of being accepted.

Borrowing money online can often get customers a better deal than visiting the bank, too. Online lenders don’t have the same overheads as physical banks, so often to have to charge such a high service charge. It’s also easier to shop around and get the best deal in terms of low interest rates.

Another type of online lending which has become popular is the payday loan. These offer quick cash usually for a very short period – hence the name. However, we strongly advice against this type of loan as they have very high interest rates, which means they often get borrowers into more and more debt if not repaid very promptly. You should also look out for lenders which ask for up-front fees, as this is more often than not a sign of a scam.

Finance

Do you feel you are spending a lot on energy bills? Do you feel your household consumes a lot of energy and in fact wastes a lot of it too? Here are some tips to save on those energy bills with the help of latest technology:

Lights – If you have traditional bulbs and tube lights all around your house, switch to LEDs. They provide better light and consume lesser energy. On the long run, you are sure to see your energy bills go down. Be it your car headlamps or home ceiling lights, LEDs can make a big difference. Where is the best site to buy headlamps you may ask? There are a number of options available online to meet your specific requirements.

Solar – Sun is another great source of energy that is going waste and underutilized. Get solar panels installed on your house roof and connect your power line to this. All your lights and fans will be powered by solar and you will not be charged a penny for this. Your regular electricity supply can take over at nights and when the weather is not too good.

Thermostats – Today smart thermostats are available in the market, which helps you to cut down your energy consumption. These thermostats adjust the temperature within the room based on your usage, hence no heater or air conditioner is left to run unnecessary, only to be adjusted to reverse the temperatures.

Adapter – Changing something as small as an adapter can make a big difference in your energy consumption. Outdated adapters can supply lesser or more power than required by machines of today. As a result, a lot of energy is wasted or the device is spoiled easily. Change to a new adapter that is designed to suit the needs of the machines of today and you will see a difference in the energy consumption.

Updated Appliances – Simply updating your appliance can make a big change in your energy consumption. If you are using an electrical device that is outdated, chances are that it is drawing more power than needed as the wattage requirement may not be met correctly. As a result, a lot of energy goes waste and the appliance will also be used for a longer time to get the work done. If buying a new appliance is a waste of money, buy an adapter to meet the power requirement.

Finance