Krishnan, S (2025) The Impact of AI in Digital Lending and Loan Underwriting. The Impact of AI in Digital Lending and Loan Underwriting, 13 (1). pp. 24-28. ISSN 2582-6190

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Abstract

In almost all industry worldwide Artifi cial Intelligence is playing an important role.
Whether it is manufacturing industry, education sector, fi nance sector, healthcare
industry everywhere AI’s role is signifi cant one. Like other industries in fi nancial
industry also it playing a very crucial role. In fi nancial industry each and every activity
of most of the organisations are digitalised. In this environment customers no need to
visit the banks and fi nancial institutions to apply for the loan as well as company no
need to visit the customer’s place to verify the authenticity of the information given
by the customers. They can do the entire loan processing without physically visit the
customer’s place. It reduced cost involved in the loan processing and time required
to process the loan. Ultimately customer will be benefi tted because if there is more
cost in the processing the loan, the entire Burdon will be placed on the head of the
customers. Even if we are enjoying numerous benefi ts it essential to consider the
problems associated with the AI-driven loan lending and underwriting such as privacy
and ethical concerns. So, this paper critically analysed role of AI in digital lending
and loan underwriting. It covers benefi ts of AI-driven loan lending and underwriting,
limitation and future trend of the same

Item Type: Article
Uncontrolled Keywords: AI in Lending, Digital Lending, Loan Underwriting, Credit Scoring, Financial Inclusion, Machine Learning, Fraud Detection, Algorithmic Bias, AI Regulations, Responsible AI
Divisions: PSG College of Arts and Science > Department of Commerce
Depositing User: Dr. B Sivakumar
Date Deposited: 25 May 2026 09:55
Last Modified: 25 May 2026 09:55
URI: https://ir.psgcas.ac.in/id/eprint/2864

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