According to the UnivDatos, the rising urbanization and middle-class expansion, digitization of lending services, increase in consumer spending, simplified KYC and credit assessment, growth in Tier II and Tier III cities, expanding credit access to millennials and Gen Z, rising penetration of NBFCs and FinTechs drive the India Personal Loan market. As per their “India Personal Loan...

The India Personal Loan Market was valued at USD ~98,700 million in 2024 and is expected to grow to a strong CAGR of around 18.70% during the forecast period 2025-2033 Public sector banks dominate in volume, but private banks, as well as NBFCs, are capturing market share quickly through a heavy emphasis on personalized digital offerings. Salaried borrowers are still the main borrowers, while...