Digital Lending Strategy for NBFCs in India

Digital lending refers to the process of lending money to customers through digital platforms. NBFCs offer digital lending services through the websites or mobile apps. Customers can apply for loans online, and the entire loan process is completed digitally, from verification of documents to disbursement of funds.

NBFCs have been using digital lending to reach a wider customer base and to streamline their loan processes. The use of technology in the lending process has made it easier for NBFCs to assess the creditworthiness of customers, disburse loans quickly, and reduce the turnaround time for loan processing.