New Lending System Promises Faster Loans, Wider Access in India

Imagine needing a loan but having to wait a long time because of credit checks.

Now, imagine a new system called ULI that makes this process much faster.

Instead of just using your CIBIL score, ULI uses different information, like your bill payments, to see if you can pay back the loan.

This helps more people get loans quickly and easily.

The government wants all banks and financial groups to use ULI.

This means getting a loan might become simpler for everyone.