Digital Lending refers to the process of borrowing money through online platforms instead of traditional banks. It allows individuals and businesses to apply for loans via websites or mobile apps, making the process faster and more convenient. Borrowers can often receive funds quickly, sometimes within a day, and may have access to a wider range of loan options. This method typically involves using technology to assess creditworthiness, which can include analyzing data from social media or other online activities. Digital Lenders often offer competitive interest rates and flexible repayment terms, appealing to those who may not qualify for conventional loans.