Personal loans: Excessive digital lending led to a wave of frauds, states FACE report | Mint
The digital lending sector in India has grown significantly and attracted scammers which push digital lending applications to the market, states FACE (Fintech Association of Consumer Empowerment) in its latest report. The report says that most borrowers take small value personal loans from fintechs. Around 35 percent of loans are worth less than ₹25,000. Loans which … Read more