Applying for an instant personal loan or Buy Now Pay Later (BNPL) credit line across Indian FinTech platforms takes under three minutes. Driven by seamless Unified Payments Interface (UPI) integration, digital KYC, and real-time bank statement parsing, digital lending apps across Bengaluru, Gurgaon, Mumbai, and Hyderabad process millions of loan disbursements every month.
However, approving...
