New Delhi, June 25 -- Gone are the ways when securing a personal loan used to be a long-drawn process of sending an application along with a barrage of documents and then waiting for a long time to get an approval. Thanks to a host of fintech apps, securing personal loans is just a tap away.

All you need to share is your phone number, and aftereKYC, the money can be instantly transferred to your bank account subject to approval, of course. And all this can be done in 20 minutes? Sounds incredible but true. This is possible and happening all around.

Let us understand more about the phenomenon which has caught up and continues to grow. If someone wants to use a fintech app toraise a loan, these are some of the points to remember.

I.eKYC:...