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Nearly Half of India Credit Active Consumers Hold Loans from NBFCs Says Report
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News18•05-10-2026, 16:30
Nearly Half of India Credit Active Consumers Hold Loans from NBFCs Says Report
- •A joint report by FIDC and TransUnion CIBIL reveals that 46 percent of credit active consumers in India held an NBFC loan as of June 2026.
- •The consumer base for NBFCs grew nearly seven times between June 2016 and June 2026, expanding significantly in semi-urban and rural markets.
- •NBFCs dominate small-ticket lending, accounting for 47 percent of originations for loans up to Rs 2 lakh.
- •The portfolio quality of NBFCs improved as the share of above-prime consumers rose to 32 percent and delinquencies dropped to 1.1 percent.
Key Questions Answered
As of June 2026, 46 percent of all credit-active consumers in India held a loan from a Non-Banking Financial Company (NBFC).
The share of first-time borrowers in NBFC originations declined from 28 percent in June 2016 to 16 percent in June 2026.
The share of consumers from semi-urban and rural markets rose from 31 percent to 59 percent between June 2016 and June 2026. During the same period, women's share of the borrower base increased from 18 percent to 27 percent, and younger consumers rose from 44 percent to 47 percent.
