New Delhi, March 24: Digital non-banking financial companies (NBFCs) have disbursed approximately 9.9 million digital personal loans during the first nine months of the fiscal year 2025-26, amounting to ₹1,53,260 crores. This information was revealed in a report released on Tuesday.
The report, published by the Fintech Association for Consumer Empowerment (FACE), indicates that digital NBFCs accounted for 78% of the total personal loan volume and 19% of the loan value during the review period.
It was noted that the value of loans issued in the third quarter of fiscal year 2025-26 saw a significant year-on-year increase of 53%, attributed to a rise in ticket size. However, the average ticket size for digital NBFCs remains considerably lower compared to full NBFCs and banks, which stand at approximately ₹1 lakh and ₹5 lakh, respectively.
As of December 2025, the number of outstanding digital personal loan accounts reached 6.47 million, with a total outstanding amount of ₹1.39 lakh crores.
Suganth Saxena, CEO of FACE, stated, “The digital personal loan market is steadily progressing, underscoring its importance for financial inclusion and inclusive, flexible growth. Trends indicate that market access is expanding as strategies are continually adjusted to sustain growth and enhance portfolio quality.”
The report also highlighted improvements in portfolio quality, with assets overdue by more than 90 days (DPD) decreasing from 3.3% in March 2023 to 1.9% in December 2025.
Furthermore, it mentioned that loan distribution in the fintech sector remains robust, with 60% of the approved amount going to borrowers under 35 years of age, 18% to women, and 39% to customers from tier 3 cities and beyond.
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