Responsible Lending
DigiMoney takes all efforts to ensure transparency and help customers make informed decisions.
Responsible Lending
DigiMoney takes all efforts to ensure transparency and help customers make informed decisions.
What Responsible Lending Actually Means for you?
“Responsible lending” is a concept in the finance industry, ensuring lenders only offer you a loan if it suits your needs and circumstances.
To avoid possible hardships in the long run, DigiMoney as a responsible lender ensures a comprehensive credit risk assessment, including:
- Income
- Assets
- Existing Debts
- Living Situation
- Employment Situation
- Fixed and variable expenses
- The number of people financially dependent on you
- Any forseeable changes to your financial situation
- Any other details that may affect your ability to repay them
Transparency is our #1 Priority
DigiMoney takes all efforts to ensure transparency and help users/customers make informed decisions. To ensure a socially responsible lending practice
- Low Processing Fees
- No hidden fees, we display all fees and charges to the customer upfront.
- DigiMoney refrains from Deceptive or Gimicky advertisements that may mislead the customers/app users.
- Our FAQ section is updated from time to time, to assist with better user experience and convenience. Feel free to contact us for any information you may not be able to find on the website or the App.
We Maintain a High Level of Professional Ethics
We do not charge exorbitant interest rates and maintain a high level of professional ethics. We recognise the circumstances that warrant borrowing and customer relationship expectation during these times.
- Fair treatment
- Sufficient time and opportunity to repay the loan.
- Our professional conduct denounces threatening, forceful coercion or other Malpractices to recover the money
As a responsible lender, we are there to help you in every possible way.
Please feel free to report any suspicious activities to grievanceredressal@digimoneyfinance.com
