The FinTech Hub
Source: Live Mint Digital lending apps have changed the face of money borrowing for Indians in recent years, as instant and hassle-free loans are getting offered with minimal paperwork. Now it is a given that digital lending applications have been a credit revolutioniser, they also raised some valid questions and concerns about credit scores. Hence,…
Source: Live Mint Borrowing money i.e., personal loan through digital applications can expose aspirational borrowers to various risks. These include high interest rates, hidden facts, aggressive recollection practices, cheating, harassment of all forms etc. Many borrowers generally don’t fully understand the terms and conditions of their personal loans, leading to the possibility of exploitation by…
Source: Live Mint If you find raising a personal loan from a bank a cumbersome process, then you can – among other things – raise it from a digital lending app. One of the key differences between a bank and a digital lending app is that unlike an app, a bank typically requires applicants to…
