BTL 854 - Unified Lending Interface (ULI)

 

The Banking Tutor’s Lessons

BTL 854                                                                                                27-12-2025

Unified Lending Interface (ULI)

The Unified Lending Interface (ULI) is a digital platform launched by the Reserve Bank of India (RBI) to streamline the lending process, specifically targeting small and rural borrowers. 

Introduced as a "plug-and-play" digital public infrastructure (DPI), it aims to replicate the success of the Unified Payments Interface (UPI) by transforming credit delivery into a seamless, digital journey.

Key Features and Objectives

Frictionless Data Flow: ULI enables a consent-based flow of financial and non-financial data (such as land records, GST filings, and bank statements) from multiple providers to lenders through standardized APIs.

Reduced Turnaround Time: By eliminating manual documentation and physical paperwork, the platform significantly reduces the time for credit appraisal and loan disbursement.

Focus on Underserved Sectors: It primarily addresses the credit gap for MSMEs, farmers, and rural borrowers who may lack a traditional credit history.

Standardized Integration: The platform uses a "plug-and-play" approach with common APIs, allowing various lenders -  including banks, NBFCs, and fintechs - to connect without complex technical hurdles. 

The "New Trinity"

RBI Governor Shaktikanta Das has positioned ULI as the final piece of India's "new trinity" of digital public infrastructure, alongside:

JAM (Jan Dhan, Aadhaar, and Mobile)

UPI (Unified Payments Interface)

Sekhar Pariti

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