GENERAL2 Oct 2026
Personal loan sanctions hit Rs 2.99 trillion in Q1FY27: FACE
Digital personal loans grew sharply between April and June 2026. Lenders sanctioned about 4.9 crore personal loans worth Rs 2.99 trillion, says FACE, a fintech industry body. Digital NBFCs (non-banking financial companies) alone gave 3.4 crore loans worth Rs 64,656 crore, with an average ticket size near Rs 19,000. If you plan to borrow, check the rate, fees and your repayment capacity first.
Key Statutory Highlights
- Personal loan sanctions in Q1FY2027 were about 4.9 crore loans, totalling Rs 2.99 trillion in value.
- Digital NBFCs sanctioned 3.4 crore loans worth Rs 64,656 crore during April-June 2026.
- The average ticket size for digital NBFC loans was Rs 18,802, with small-value borrowing keeping the overall average near Rs 19,000.
Actionable Advice for Taxpayers / Founders:If you are considering a digital personal loan, compare the interest rate and processing fees, and check that the EMI comfortably fits your monthly budget before you sign.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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