Category: Digital Lending

The rise of loan apps and NBFCs in India is a double-edged sword. On one side, they offer swift, hassle-free credit to those in urgent need, breaking down barriers in a nation where access to traditional banking is limited. But the convenience comes with pitfalls—sky-high interest rates, privacy violations, and aggressive recovery tactics have plagued borrowers. As digital lending continues to grow, the question remains: Can India strike the right balance between empowering consumers and protecting them from exploitation?