Exciting news from the RBI! The Unified Lending Interface (ULI) is set to revolutionize credit lending, following the success of the Unified Payments Interface (UPI). Here’s what you need to know:
Key Features of ULI:
- Seamless Integrations: Streamlined integration for credit lending processes.
- Faster Appraisals: Reduces the time needed for credit appraisals.
- Borrower Consent: Borrowers provide consent to share their data.
- Comprehensive Digital Information: Lenders receive extensive digital information, including land records.