Digital Lending

byPaytm Editorial TeamLast Updated: July 31, 2025

Definition

Digital Lending is the process of offering and managing loans through digital platforms without needing physical paperwork or in-person meetings.

How It Works

Borrowers can apply through an app or website, get approved using AI or credit scores, and receive funds directly in their account.

Benefits

Faster processing, minimal documentation, and improved access to credit for underserved users.

You May Also Like

Mobile WalletLast Updated: August 12, 2025

Meaning A Mobile Wallet is a digital application on your phone that stores payment details and allows secure…

E-MandateLast Updated: August 12, 2025

Definition E-Mandate is an electronic authorization that allows businesses or banks to automatically debit a customer’s bank account…

P2P TransactionsLast Updated: July 11, 2025

Introduction P2P (Peer-to-Peer) transactions are digital payments made between two individuals using UPI. Definition The definition of P2P…

UPI Fraud DetectionLast Updated: October 21, 2025

Definition UPI Fraud Detection is the system used to identify and prevent fraudulent or suspicious transactions in real…

Mobile Recharge via UPILast Updated: September 15, 2025

Definition Mobile recharge via UPI means topping up your prepaid balance or paying your postpaid bill directly through…