Digital lending surrounds the cycle of applying for loans and instant approval online. As against popular credit-based Fintech products such as Convert payment to EMI or Buy now pay later products, the digital lending process incorporates Artificial Intelligence to analyse financial behaviour and standing of the customers and instantly underwrite digitally availed loans, thus reducing the credit time of various loan products. Not only does it eliminate geographical barriers but you can say goodbye to signing thousands of documents or bank visits.
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