NBFC fintechs have entered a maturing phase marked by more calibrated lending and now account for about 9% of total NBFC portfolio outstanding, the report said.
“While personal loans continue to anchor the segment, unsecured business lending is emerging as a significant opportunity, particularly in the ₹1 lakh–₹5 lakh range,” the report said.
Fintech lenders are also expanding beyond the largest urban centres, pointing to a broader role in extending formal credit access across emerging markets.
Originations in Q1 FY27 reached ₹79.9 thousand crore, up 53% in value and 21% in volume year-on-year, driven largely by personal loans above ₹1 lakh. The share of new-to-credit borrowers at NBFC fintechs moderated to 11.4% in June 2026 from 14.2% in June 2024, indicating a more selective approach to lending.
The share of loans above ₹1 lakh in portfolio outstanding rose to 26.3% in June 2026 from 21.6% in June 2024, signalling a shift towards higher-ticket credit.
Personal loan originations from BT100 cities increased to 34.5% of total value in Q1 FY27 from 32.1% in Q1 FY25. The share of unsecured business loan originations from these cities rose more sharply, to 30% from 23.3% over the same period.Borrowers aged 26–35 accounted for 43.5% of the NBFC fintech borrower base as of June 2026, while the 36–50 age group grew 31.7% year-on-year, indicating a gradual shift towards a more mature borrower profile.
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(Edited by : Ajay Vaishnav)
