Personal loans origination—fresh loans sanctioned—grew 122 per cent in volume terms in FY22
business loan origination volumes declined 22 per cent in FY22 compared to the previous year
Personal loans witnessed 46 per cent growth in originations in value terms
As per a report of credit information provider CRIF High Mark.
Personal Loan originations in volume terms went up to 633.9 lakh in FY22.
Part of the growth is also due to the low base effect
The majority of personal loans, 85 per cent, had a ticket size less than Rs 1.0 lakh,
Among retail loan categories home loan origination volumes grew higher than the previous years
whereas two-wheeler and auto loan volumes were down compared to FY20 levels, despite growing over FY21.
The size of the total lending market in India as of March’22 stood at Rs 174.3 lakh crore
As of March 2022, commercial, retail, and microfinance lending made up 49.5 per cent, 48.9 per cent, and 1.6 per cent, respectively, of total loans