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Small ticket, big business: Fintech firms see surge in instant loans

A recent report by CRIF High Mark has it that small-ticket personal loans contributed 50 per cent by volume in FY21

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Housing and other personal loans constituted 64 per cent of incremental credit during the last two financial years.

6 min read Last Updated : Jun 19 2022 | 6:13 PM IST

Can credit be handed out faster than Maggi noodles? Last Thursday, CASHe launched a WhatsApp-enabled service for instant credit, which V Raman Kumar — the fintech’s founder and chairman — claims is a first-of-its-kind, because “today’s smart consumers demand instant gratification and contactless support”.

With so many “smart consumers”, CASHe saw a 237 per cent annual growth in the number of small loans disbursed, to 430,000 in FY22, from 127,000 in FY21, with an average ticket-size of about Rs 40,000.

A recent report by CRIF High Mark (How India Lends: Credit Landscape in India FY21) has it that small-ticket personal loans (STPL,

Topics : Fintech sector Fintech firms Instant loans

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