New Delhi, June 16 -- Digital lending continues to rapidly evolve in the country. As this trend continues to gain traction, salary-based personal loans are now emerging as a comfortable credit option for employed borrowers.

Unlike traditional loans, which depend on extensive paperwork and documentation, these loans analyse a borrower's repayment capacity based on factors such as verified salary income, employment stability, current credit profile, credit score, recent defaults (if any), and cash flow patterns.

This enables lending institutions to make faster, more seamless, and more accurate credit decisions while also providing borrowers with quicker loan availability.

This way, salary-based personal loans can help meet planned expens...