Siliconindia Magazine

Mudrakwik Fintech: Loan Application Made Simple!

The lending landscape is witnessing a paradigm shift towards digitization and automation. The gradual move towards the digital has added to the list of conveniences like lower loan processing costs, better loan disbursement decisions and enhanced compliance during the repayment period. Digital lenders have capitalized upon the consumer’s need of securing instant funds through seamless experience and can leverage data heavily to completely automate underwriting of loans. The new-age tech platforms are now aiming to be sleeker and more data-driven than traditional banks, which often use cumbersome and overly onerous methods to establish creditworthiness when giving out loans.