An increased digital reach across rural and urban masses in India has facilitated the penetration and scope of retail financing in the country. As digital lending continues to fill the credit gap, the expanding base of fintech platforms poses an extensive market opportunity.
Studies indicate that various initiatives towards digital lending posit a five-year-long market opportunity of up to Rs.68 trillion.
Such expansion, thus, brings an opportunity for households to avail loans easily without stepping out. It can be particularly beneficial under scenarios where a country reels under crisis due to unforeseeable circumstances like a lockdown.
Digital lending measures make it easier to get a personal loan and the likes to help fulfill urgent financing needs.
Amidst such growth figures, it is pertinent that financial institutions be facilitating easy loan availability to individuals stuck in the crossroads of economic slowdown and nation-wide disruptions. Here’s how you can avail the likes of a fast personal loan with ease.