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Digital loans get younger and more non-metro as sanctions reach Rs 3.4 crore in Q1 FY26-27, says report
1+ week, 4+ day ago (328+ words) Digital personal lending continued to expand in the first quarter of Financial Year 2026-27, with digital NBFCs sanctioning 3.4 crore personal loans worth Rs 64,656 crore, according to the Fintech Association for Consumer Empowerment (FACE). As of June 2026, the digital personal loan volume…...
Instant loan, instant regret? What to check before you tap "apply" on a loan app - India now borrows in small, fast bites
8+ hour, 11+ min ago (600+ words) Your rights before you sign - Instant loan, instant regret? What to check before you tap "apply" on a loan app The Economic Times Instant loan, instant regret? What to check before you tap "apply" on a loan app India now…...
BoG warns public against 20 unlicensed loan apps operating in Ghana
1+ mon, 3+ day ago (182+ words) The Bank of Ghana has flagged 20 unlicensed mobile loan apps in Ghana, warning consumers to avoid them and report unlicensed digital credit operators. BoG Blacklists 20 Illegal Mobile Loan Apps, Warns Public and Financial Institutions The Bank of Ghana (BoG) has…...
Why NBFCs have become the option of choice for many first-timer borrowers — Explained
1+ day, 8+ hour ago (320+ words) A higher proportion of new-to-credit (NTC) customers are choosing non-banking financial companies (NBFCs) to make their foray into the borrowing space, according to a joint report by the Finance Industry Development Council (FIDC) and TransUnion CIBIL. The report titled ‘Bharat…...
Despite High Interest Rates, Consumers Say Loan Apps Remain Lifeline
2+ day, 9+ hour ago (1577+ words) Despite punishing interest rates, Nigerian consumers say digital loan apps remain a lifeline, giving households and small businesses fast cash when incomes cannot cover urgent expenses, even as analysts warn that the borrowing is deepening debt. Analysts, however, warn that…...
How Digital Lending Is Reshaping Access to Short-Term Credit
2+ day, 14+ hour ago (908+ words) Hurricane Isaias strengthens to Category 3 as it heads toward the Gulf Coast 10 killed, including minor, in Mexican prison shooting 2 men arrested after breaking into British military base Simon forecast to strike Mexico as Category 4 hurricane 9 injured in knife attack at…...
Prioritise savings, insurance over credit in microfinance: CEA
3+ day, 3+ hour ago (160+ words) Chief Economic Adviser V Anantha Nageswaran urged India's microfinance sector to prioritise savings and insurance over credit to prevent crises. He warned against excessive lending, mis-selling, and the risks of AI in digital lending for borrowers. India's microfinance sector must…...
MSME-focused digital lender NeoGrowth raises Rs 85 Cr from FMO, LeapFrog
3+ day, 8+ hour ago (345+ words) NeoGrowth, an MSME-focused digital lender, has raised Rs 85 crore through a mix of equity and debt from Dutch development finance institution FMO and existing investor LeapFrog Investments. The Mumbai-based company had previously raised Rs 300 crore ($36 million) in a Series D…...
Bank of Ghana cautions public against 20 unlicensed mobile loan apps
3+ day, 1+ hour ago (186+ words) The Bank of Ghana (BoG) has warned the public against using 20 mobile loan applications operating without its approval. The digital lenders are offering credit services without the required licence or authorisation from the central bank, the BoG said. In a…...
India’s small business credit hits Rs 50.9 lakh crore as sole proprietors drive growth
3+ day, 9+ hour ago (363+ words) New Delhi, Oct 8 (IANS) India’s small business credit portfolio reached Rs 50.9 lakh crore as of June 2026, growing 14.9 per cent year‑on‑year and 3.5 per cent quarter‑on‑quarter, reflecting sustained formalisation of business credit and strong financing demand, a report…...