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Personal Finance

How lenders check creditworthiness before approving personal loans

Updated : April 22, 2019 12:57 PM IST

Many financial technology companies currently active in the market employ risk-assessment algorithms to check the eligibility of applicants speedily and accurately
Using alternative scoring, fintech lenders have been able to offer loans to the underserved segments of society
How lenders check creditworthiness before approving personal loans

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