Digital fintechs see double-digit jump in loans, quantum of disbursals

During Q2FY25, digital lending fintechs disbursed three crore individual loans, 20 per cent more than in Q2FY24 and disbursed Rs 36,897 crore, up 18.56 per cent during the same period. The data from the Fintech Association for Consumer Empowerment (FACE) is the first after it received approval to be a self-regulatory organisation from the Reserve Bank of India.

The data has been sourced from 34 FACE members lending to customers through their non-banking financial companies (NBFCs) in partnership with other regulated entities (mostly NBFCs).