Given how easy it is to borrow a personal loan made possible by fintech non-bank com...

Small ticket personal loans soar but not without delinquency risk – Mint

Given how easy it is to borrow a personal loan made possible by fintech non-bank companies, this loan segment has seen tremendous growth in the last 3-4 years, shows data release by credit bureau CRIF High Mark.   The number of personal loans originated per year has more than tripled between FY 2017 and FY 2021. The total personal loan book stands at ₹644.6 lakh crore as of March 2021, as per CRIF’s data.   Interestingly, as the volumes of loans in this segment soared, the loan size shrunk equally fast in the same time period. Average ticket size of personal loans has reduced by 40% …

 

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