Part 3/14:
Traditional lenders frequently reject these borrowers because of their lack of formal credit records, irregular income streams, and the inability to produce classic proof of income. Many are young, inexperienced with credit, and lack documentation, which often results in uncompetitive loan offers—either too high in EMIs or requiring hefty down payments—that borrowers simply cannot accept. As the speaker notes, 36% of their customer base comprises individuals without any prior credit history, underscoring the urgent need for more inclusive, smarter lending models.