New Delhi, Sept. 26 -- If you are short of funds and planning to borrow from a fintech lending app, it is imperative that you stay careful about a number of things. At the outset, the app must be approved by the banking regulator, Reserve Bank of India (RBI).

There have been several cases in the past wherefake apps and agents managed to dupe gullible borrowers. Fraudsin the name of lending are not an unusual phenomenon. ReadthisLivemintarticle to know more about whether it's safe to borrow via loan apps.

The process to borrow money via loan apps is quite swift and seamless. You can apply online and a quick eKYC is carried out by the lender, which also verifies your ability to repay on time through such documents as acredit report, a ban...