💨 Abstract

The article discusses the growth of instant personal loans in India, driven by technology and digitalization. Digital lenders use AI, machine learning, and data analytics to assess creditworthiness quickly, making loans more accessible to a wider audience. These digital platforms offer flexible loan products with personalized offers and instant approvals. They promote financial inclusion by considering alternative data sources for credit evaluation.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖