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

Topics
Fintech sector | Fintech firms | Instant loans

Raghu Mohan
Last Updated at June 19, 2022 18:13 IST –>

money, cash, investment, stocks, tax, funds, investors, investment, shares, lenders, lending, loans, funding

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

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”.

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First Published: Sun, June 19 2022. 18:13 IST

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Source: https://www.business-standard.com/article/finance/small-ticket-big-business-fintech-firms-see-surge-in-instant-loans-122061900646_1.html

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