Fintech NBFCs PERSONAL LOAN book almost 1 LAKH CRORE

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Last Comment 2024-07-30

jioanupt

2024-07-30

https://bfsi.economictimes.indiatimes.com/amp/n...

Total Personal loan for 2023 -24 9LAKH CRORE

FINTECH NBFC's personal loan 98000+crore

2/ 3 of all loan volume issued by fintech

Average loan size is low @ 11000 +

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https://www.desidime.com/comments/permalink/10235279

jioanupt

2024-07-30

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https://www.desidime.com/comments/permalink/10235298

DEEPANGEORGE

2024-07-30

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for the last 1 year the person who is never into credit is into credit and took a lot xD see thats the change

This example is me xD

I took lot of NBFC loans as its easy to get:) so see the more easy it gets many will get inside this NBFC loan things:) for rotation

So its easy to get loan in this environment

not sure how long it will sustain as the NBFC loan book is gonna grow and keep growing because of tech

VU+ for awareness of this NBFC loan things

https://www.desidime.com/comments/permalink/10235824

jioanupt

2024-07-30

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This is due to demographic change in indian growth stage as aprox 1.5 to 1.75 crore enter the work force every year.... And majority of them are first time credit users and India just has 40 crore + bureau scores of which not all are active out of atleast 80 crore + active working age population.... Massively underserved and kept under economic stress or are forced to use unorganized credit markets. This depriving them the privileges of Economic stress & also as a nation we're not growing to our potential because of this constraint

But regulations are not in favourable terms & definitely Tech is going to take it further despite these shortcomings

https://www.desidime.com/comments/permalink/10235548

Agni007

2024-07-30

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What I don't like and cringe about is when I see x-y-z easy-loan-app icons accidentally on phones of unknown people, co-passengers, etc... mostly for the youth... season is ripe, it shall fall off the edge soon...

https://www.desidime.com/comments/permalink/10235828

jioanupt

2024-07-30

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This is about RBI regulated NBFCs which are tech led... And not about sourcing intermediaries... So these are clearly not those you're ref to... If you still have issues can take it up with Grivieance Readdresal route....