Fast approval, less paperwork: How AI is changing the loan game

Account Aggregator (AA) framework lets borrowers securely share financial data with lenders without the AA storing it.

AI-driven underwriting models use richer data from AAs to distinguish disciplined borrowers from risky ones.

As of December 2025, 64 lenders had onboarded onto RBI's Unified Lending Interface, using over 136 data services.

AA-enabled data sharing facilitated ₹1.47 trillion in lending across 15 million loans from April to September 2025.

Consent is required each time data is shared for a specific purpose, but once data reaches the lender, borrowers generally cannot see how it is processed or which third parties handle it.