Personal loans: Excessive digital lending led to a wave of frauds, states FACE report

Most borrowers of fintech take small value loans. Around 35 percent of loans are worth less than ₹25,000, while loans between ₹25,000 to 50,000 are nearly 14 percent whereas the remaining 51 percent of loans are more than worth ₹50,000.

from mint - money https://ift.tt/qCkoFp7