Personal loans account for 96% of all fintech lendings, mostly below Rs 5,000: Report

Personal loans remained the dominant product accounting for 96% of the volume. However, given the difference in ticket size across products, it accounted for 66% of the value. Andhra Pradesh, Tamil Nadu, Telangana, Maharashtra and Karnataka accounted for 54% of the total digital lending loans.

from Banking/Finance-Industry-Economic Times https://ift.tt/L1OPaXn