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Digital NBFCs Sanction 10 Crore Personal Loans in 9 Months, Drive Inclusion

Digital non-banking finance companies sanctioned nearly 10 crore personal loans amounting to Rs 1.53 lakh crore in the first three quarters of FY26. These digital loans constituted 78% of all personal loans by volume, though only 19% by value. The average sanctioned ticket size grew by about 18% to Rs 15,493, yet remains far smaller than traditional NBFC or bank loans. The report highlights improved portfolio quality and sustained credit expansion to young, female, and tier-3+ city borrowers.

Key Points: Digital NBFCs Sanction 10 Crore Loans, 78% of Personal Loan Volume

  • 9.9 crore loans sanctioned
  • Rs 1.53 lakh crore disbursed
  • 78% of personal loan volume
  • Average ticket size Rs 15,493
  • Portfolio quality improves
2 min read

Digital NBFCs sanction nearly 10 crore personal loans in 9 months this fiscal: Report

Report: Digital NBFCs sanctioned 9.9 crore personal loans worth Rs 1.53 lakh crore in 9 months of FY26, boosting financial inclusion.

"The digital personal loan market continues its steady march, establishing its importance for financial inclusion and inclusive and resilient growth. - Sugandh Saxena"

New Delhi, March 24

Digital non‑banking finance companies deepened formal credit access by sanctioning nearly 10 crore loans amounting Rs 1.53 crore in the first three quarters of FY26, representing 78 per cent of overall personal loans, a report said on Tuesday.

The report from the Fintech Association for Consumer Empowerment (FACE) said 9.9 crore digital personal loans sanctioned during this period disbursed Rs 1,53,260 crore, the report further said.

The digital personal loans accounted for 78 per cent of volumes and 19 per cent of the sanction value of all personal loans, it said.

The average sanctioned ticket size rose to Rs 15,493, marking an increase of about 18 per cent over FY25.

Sanction value grew by 53 per cent year-on-year in Q3 FY25-26, largely driven by higher ticket sizes, signalling market adjustment. However, the average ticket size remains minuscule compared with average ticket sizes of NBFCs and banks, around Rs 1 lakh and Rs 5 lakh, respectively.

"The digital personal loan market continues its steady march, establishing its importance for financial inclusion and inclusive and resilient growth. The trends show expanding market access as it constantly calibrates strategies to sustain the growth and improve portfolio quality," said Sugandh Saxena, CEO of FACE.

Based on data from credit bureau CRIF High Mark covering more than 110 digital NBFCs, the report said that outstanding digital personal loan portfolios stood at 6.47 crore accounts totalling Rs 1.39 lakh crore (as of December 2025), up around 53 per cent from March 2024.

The portfolio quality improved with assets with Days Past Due (DPD) over 90 falling to 1.9 per cent in December 2025 from 3.3 per cent in March 2023.

Credit distribution continues to follow the usual in the FinTech zone with 60 per cent of sanctioned value going to borrowers under 35 years, 18 per cent to women, and 39 per cent to customers from tier 3 cities and beyond, it said, adding the trend showed sustained expansion of formal credit access into young and underserved segments, the report noted.

- IANS

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Reader Comments

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Priya S
While the growth is impressive, the average ticket size of ~₹15k is very telling. It shows most people are using these for short-term cash flow problems, not for major investments. I hope this ease of credit doesn't lead to a debt trap for young borrowers (60% under 35!). Financial literacy needs to keep pace with this expansion.
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Rohit P
The improvement in portfolio quality (DPD over 90 days falling to 1.9%) is the real story here. It means the system is becoming more sustainable. Earlier there were so many reports of defaults and predatory lending. Seems like the regulations and self-correction by the industry are working. Good for the long-term health of the fintech sector.
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Sarah B
Only 18% of the sanctioned value going to women? That's a statistic that needs more attention. In a country where women's entrepreneurship is growing, digital NBFCs have a huge opportunity (and responsibility) to bridge this gender gap in credit access. The focus on tier 3 cities is great, but let's not forget gender inclusion.
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Karthik V
Bharat is getting connected to credit! My cousin in a small town in Uttar Pradesh got a loan for his mobile repair shop in less than an hour on his phone. He couldn't even get past the door of the local bank branch with his paperwork. This is the real digital India story. 🚀
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Nikhil C
The convenience is unmatched, but the interest rates are still quite high compared to banks. You're paying for speed and convenience. People should use these for genuine, urgent needs and not for discretionary spending. The 53

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