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Fintech personal loans slump 15% in Q3 FY25, sharpest drop since COVID-19 lockdown: FACE

  • Fintech personal loans in India saw a 15% decline in Q3 FY 24-25 compared to the previous quarter.
  • The slump marks the sharpest drop since the COVID-19 lockdown in Q1 FY 20-21.
  • After a significant decline during the lockdown, fintech loan disbursals rebounded and grew steadily, though at a slowing pace.
  • Fintech NBFCs drive 76% of personal loan sanction volumes, reinforcing their role in digital financial inclusion.

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