Digital lending platforms are rewriting the rules of how Indians access credit. What used to take 30 days and 200+ pages of paperwork can now be done in 10 minutes from your phone.
The key technologies
AI-based credit scoring, eKYC via Aadhaar, eSign for agreements, and instant bank account verification through Account Aggregator framework.
What this means for borrowers
Faster approvals, transparent pricing, lower operational costs, and access to credit for previously underserved segments like small business owners and first-time borrowers.