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IDFC Bank has associated with the fintech startup IndiaLends for enabling first time borrowers to take loans who do not have a credit history.
Accoring to the IDFC Bank, it is a differentiated personal loan solution that will be offering instant loans approval through a completely digitised process to first time borrowers.
IDFC Bank has said in a release that “Loan requests by salaried applicants without credit history will now be processed on a real time basis. The unique solution is bieng offered through a tie-up with IndiaLends, a financial technology startup.”
