What is digital lending?

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Digital lending has brought a transformational change in the financial ecosystem, making loan applications faster and simpler.

It is the process of applying for and receiving loans though online platforms.

These platforms make use of advanced technology, thereby making the loan process faster, simpler and more efficient. It minimises costs, enhances customer experiences and offers innovative financial products.

Digital lending has simplified loan access and expanded credit access to a wider range of borrowers.

However, borrowers must be cautious and thoroughly understand the terms and conditions before committing.