Why are small-ticket loans gaining popularity in today’s environment? Here are the reasons

Being the second-most populous country in the world, India always had the need for credit. But with the complex lending process and the unwillingness of financial institutions to lend money to low/absent credit scores, people were left with no choice but to borrow from friends or families. Since there was a lot of white space created, the new-age lending platforms were born to serve the demand of millennials who were mostly salaried and self-employed, between 25-45 years of age. They had many aspirations, and with the pandemic hitting the country,…

Read More