Mobile loan borrowers shrug off 20pc tax rise

Borrowers of digital loans remain unfazed by tax measures that have increased credit costs over the last two years. FILE PHOTO | NMG

Borrowers of digital loans remain unfazed by tax measures that have increased credit costs over the last two years.

Leading Fintech Tala says borrowers are still flocking the mobile-based application for short-term loans despite the new 20 percent excise tax on fees.

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Note: The results are not exact but very close to the actual.