The Digital Lending industry in India is complex! Do you know why?
Let’s take an example of a Mortage loan.

The mortgage loan is being underwritten very differently by different banks.

Today Public sector bank needs 1640 touchpoints to underwrite a mortgage loan.
Private sector bank needs only 850 touchpoints.

Similarly, NBFC, UCBs and Fintechs behave differently.

Now you can understand the complexity. This has to get simplified via technology.

Thanks for sharing this knowledge, Gaurav Kumar

#digitallending #ucb #nbfc #fintech #manispeaksmoney

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