Digital Lending - SME Loans
The process of lending credit through digital mediums is called digital lending. The advent of technology has turned stringent processes like applying for loans into more convenient ones through these online loan offers. You can apply for these loans from your home, work, or any place for that matter using your laptops or smartphones over the internet. The complete process is done online, you wouldn’t be required to visit the bank. Sharat Chandra Konatham of onion credit believes digital lending is helping financial institutions to serve small-scale business owners in a better and efficient manner. The digital lending market is witnessing good growth, Pandemic has also resulted in a spike for the same. Digital lending has especially changed the game for small business owners and bridged the credit gap small business and startups faced. How to Underwrite loans when giving an online loan to SME? Loan underwriting refers to the process lenders follow to verify the credibility of the bor...