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Why do you think that in the last 2 years, the Number of Instant Loan Startups have skyrocketed, and also almost every company have started to provide loans? Like what happened in this period that have helps these companies dicide whom to give loans

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Havish Gupta

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Because of the way they collect their loans back. Instead of asking the debtors to pay in emis, they collect a fixed amount daily from their bank accounts. And Thus their NPA% is less than the NPA of big banks as well.

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