Tuesday, February 28, 2023

Personal loans account for 96% of all fintech lendings, mostly below Rs 5,000: Report

Personal loans remained the dominant product accounting for 96% of the volume. However, given the difference in ticket size across products, it accounted for 66% of the value. Andhra Pradesh, Tamil Nadu, Telangana, Maharashtra and Karnataka accounted for 54% of the total digital lending loans.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/personal-loans-account-for-96-of-all-fintech-lendings-mostly-below-rs-5000-report/articleshow/98313868.cms

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