digital lending News

Monthly Growth of 12% in Loans Through Account Aggregator System Hits Rs 1.3 Lakh Crore

The account aggregator system has achieved a 12% monthly growth in consents, facilitating loans worth over Rs 1.3 lakh crore by December 2024. With over 14.3 crore borrower consent...

Unlocking Financial Freedom: How EMI Phones Pave the Way for Loan Accessibility

Purchasing mobile phones on EMI has become a crucial step for individuals in the informal sector to enter the formal credit system, establishing a credit history and facilitating a...

Surge in Default Rates for Small-Ticket Personal Loans Under Rs 10,000: A Deep Dive

Recent data shows a significant increase in default rates for personal loans under Rs 10,000, with a peak in delinquencies among loans issued between December 2023 and June 2024. N...