Share of digitally disbursed NBFCs loans in India FY 2017-2021

Published by Statista Research Department, Nov 20, 2023
The non banking financial corporations in India showed an immense growth in lending through digital mode in the financial year 2020, with around 60 percent of total loans being disbursed through digital channels. There was some decline in digitally disbursed loans as of November 2021. The country is still at a nascent stage in terms of digital lending.

Share of digitally disbursed non-banking financial corporations' loans in India from financial year 2017 to 2021

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Release date

November 2021

Region

India

Survey time period

FY 2017 to FY 2021

Special properties

calculated over total number of loans

Supplementary notes

*The values for the financial year 2021 are available until December 31, 2020.

India's financial year begins in April and ends in March. For example, FY 2021 started in April 2020 and ended in March 2021.

NBFC stands for non banking financial institution.

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