Growth in fintech personal loan value moderates in first 2 quarters of FY25

The growth rate of unsecured personal credit is normalising, with quarterly loan sanction values moderating in the first two quarters of financial year 2025 (FY25), according to a report from the Fintech Association for Consumer Empowerment (FACE), the only self-regulatory organisation for fintechs (SRO-FT).

Fintech-led personal loan sanction values grew 7 per cent and 10 per cent in Q1FY24 and Q2FY24, respectively. In comparison, quarterly growth moderated to 2 per cent and 3 per cent in Q1FY25 and Q2FY25, respectively.