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Digital Loans Surge: Younger, Non-Metro Borrowers Drive Rs 3.4 Crore Sanctions in Q1 FY26-27
M
Moneycontrol•01-10-2026, 15:45
Digital Loans Surge: Younger, Non-Metro Borrowers Drive Rs 3.4 Crore Sanctions in Q1 FY26-27
- •Digital NBFCs sanctioned 3.4 crore personal loans worth Rs 64,656 crore in Q1 FY26-27, with outstanding value reaching Rs 1.54 lakh crore by June 2026.
- •The average ticket size for Digital NBFCs was Rs 18,802, significantly lower than other NBFCs and banks, indicating a focus on smaller loan amounts.
- •Digital loan growth is increasingly driven by younger borrowers (58% under 35) and non-metro areas, with Tier III and beyond, rural, and semi-urban areas showing the fastest growth.
- •Female borrowers recorded higher growth in sanction value (59%) compared to male borrowers (48%) in Q1 FY26-27.
- •Digital NBFCs serve a diverse risk profile, with 30% of sanction value in medium-risk and significant portions in high-risk categories, expanding access to formal credit.
Key Questions Answered
Digital NBFCs sanctioned 3.4 crore personal loans with a total value of Rs 64,656 crore during the first quarter of Financial Year 2026-27.
Sanction values grew fastest in Tier III and beyond areas at 58 percent, followed by rural areas at 56 percent, and semi-urban areas at 53 percent.
Female borrowers recorded a 59 percent growth in sanction value, outperforming male borrowers who recorded a 48 percent growth during the same period.
