8 factors to consider before opting for a digital loan

Digital loans are gaining popularity due to convenience in fast access to credit. Although these loans provide ample benefits, certain considerations should be kept in mind while availing these financial products.

Digital India idea takes a new leap as Muthoot Microfin launches digital-first Suvidha Loan. Details here

Muthoot Microfin has launched the “Suvidha Loan” scheme, a digital loan service providing customers with quick access to loans of up to  <span class='webrupee'>₹</span>30,000 through its Mahila Mitra app.

Retail credit growth remains strong despite a spike in interest rates

There has been a major change in the credit growth in the agriculture and services sectors. While Industry (micro, small, medium and large) and personal loans (retail) have remained stable.

Digital loan disbursements spiked 118% in Dec quarter, says Fintech Association report

Digital loans in the third quarter of fiscal 23 witnessed a growth of 147 percent in terms of volume and of 118 percent in terms of value against Q3 of fiscal 22, shows Fintech Association of Consumer Empowerment’s (FACE) report

Digital loan disbursements more than double in Q3

Digital loan disbursements grew by 147 percent in volume and by 118 percent in value in Q3 of fiscal 2023 against the corresponding quarter of preceding fiscal (2022).

A month after RBI's digital lending norms came into force, fintech lenders' concerns remain

The latest digital lending guidelines were released in September but came into force on November 30.

Applying for a loan via a digital lending app? 6 key things to remember

Borrowers are urged to stick to only the legit apps – which RBI is compiling into a whitelist. Read further to know more on the safe way to raise money online

Digital loan borrowers to get a safety shield in the latest RBI’s rules. An explainer

The banking regulator has released a regulatory framework for fintech firms which have lately been condemned for disbursing loans without the explicit consent of borrowers. Read further to know how the latest rules are set to safeguard the borrowers

No more charging exorbitant interest rates: RBI tightens norms for digital lending

Under the new norms, all loan disbursals and repayments are required to be executed only between the bank accounts of borrower and the regulated entities (like banks and NBFCs) without any pass-through/ pool account of the Lending Service Providers (LSPs).

Top Digital Loans News

personal finance

8 factors to consider before opting for a digital loan

personal finance

Digital India idea takes a new leap as Muthoot Microfin launches digital-first Suvidha Loan. Details here

personal finance

Retail credit growth remains strong despite a spike in interest rates

personal finance

Digital loan disbursements spiked 118% in Dec quarter, says Fintech Association report