Digital lending in India has taken over the traditional loan lenders who would dupe borrower with exorbitant interest rates, and no flexible ways to repay back the money. Technology has played an important role in the rise of digital lending wherein borrower can apply online and get quick loan sanctions. The digitalized loan application process, attractive interest rates, quick e-sanctions, hassle-free documentation, and instant disbursal have made personal loans online the most preferred source of funding for the people across India. They don't want to visit banks or financial companies to fill up lengthy forms, submit a pile of documents and wait for months to know the loan status. Top banks and non-banking finance companies have joined the digital wing and introduced customized loan products for the borrower. In fact, the competition is quite fierce and borrowers are enjoying quick and easy access to funds. For the consumer, there are a plethora of options, and it would ...