Illustration: Ajay Mohanty


Fintech companies in the country have seen an uptick in the volume and value of small-ticket loans disbursed over the past six years, data from a joint report by Experian India and the Digital Lenders Association of India (DLAI) shows. 


In financial year 2018 (FY18), fintechs accounted for 50 per cent of the loan volumes disbursed with a ticket size less than Rs 1,00,000. In the same category, their market share has expanded to 77 per cent in FY24 (till September 2023). 


On the value front, fintechs cornered 29 per cent of small ticket loans disbursed in FY18, which rose to 51 per cent in FY24 (till September 2023). 


Meanwhile, the average ticket size for lenders in the personal loans category in FY24 (till September 2023) was pegged at Rs 11,576. 

 

The report further added that the personal loan portfolio size at end of September 23 stands at around Rs 81,000 crore. Non-banking financial companies (NBFCs) own 34 per cent share of the pie, followed by fintech companies owning 33 per cent of the market. 

Ticket size distribution across lenders


 

<10,000

10,000-50,000

50,000-1,00,000

>1,00,000

Fintechs

75

21

2

2

Fintech-enabled

57

40

4


NBFCs

20

28

20

32

Private banks

~1

12

16

71

Public Sector Banks


2

9

89


Market share of lenders by volume (in %)


 

FY18

FY19

FY20

FY21

FY22

FY23

FY24 (till September 2023)

Fintechs

50

65

75

75

63

76

77

Fintech-enabled

7

3

3

5

13

13

11

NBFCs

23

24

18

13

20

8

9

Private banks

11

4

3

2

2

2

2

Public Sector Banks

9

4

1

4

2

1

1




Market share of lenders by value (in %)


 

FY18

FY19

FY20

FY21

FY22

FY23

FY24 (till September 2023)

Fintechs

29

34

42

39

38

47

51

Fintech-enabled

4

4

6

8

13

14

12

NBFCs

34

40

32

24

32

25

25

Private banks

18

11

14

10

10

9

8

Public Sector Banks

14

11

6

20

7

5

3




Source: Experian India- DLAI whitepaper

First Published: Mar 17 2024 | 11:21 PM IST



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