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Clues by NC Team • 23 Dec 2018, Sunday

Despite poor credit score or even the lack of it, credit access to students, young professionals and small and medium enterprises has become easy through digital lending platforms and P2P lenders such as EarlySalary, CashE and Money View, among others. They offer mobile-based lending platforms to individuals with credit score as low as 600 or no credit score at all. These lenders use innovative data sources and advanced data analytics such as individual’s social network profile, SMS data and e-mails. However, loans through these digital lending platforms come at a higher interest cost ranging between 11.99% and 36%.

Read More at The Financial Express
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