The Reserve Bank of India has updated its guidelines for web aggregators of loans to ensure that consumers get a fair and transparent deal. The RBI has also clarified guidelines on loss default guarantees that can be provided by fintechs to lenders on personal loans they distribute. The draft norms require that loan service providers (LSP) give customers a digital view of all offers available to the borrower from all digital lenders with whom the LSP has an arrangement. This digital view must include the lender's name, the amount and tenure of the loan, the annual percentage rate, and other terms and conditions. This information must be presented in a way that enables comparison of different loans.