Digital lending booms disbursement volume rises 12%, value jumps 46% in Q3 [Video]

The Fintech Association for Consumer Empowerment (FACE) on Wednesday (March 20) unveiled the ninth edition of its quarterly report, FACETS, offering a comprehensive analysis of disbursement trends in the third quarter of the fiscal year 2023-24 (FY24).

According to the report, the disbursement volume and value experienced year-on-year growth of 12% and 46%, respectively, during Q3 FY 23-24. This amounted to 2.5 crore loans totalling ₹33,922 crore.

Drawing insights from data provided by 37 FACE member companies, the report shed light on the evolving landscape of digital lending and provided a deeper understanding of women’s participation in the sector.

One of the notable findings of the report is the average ticket size for loans disbursed in Q3 of FY23-24, which stood at ₹11,945. Further, the report delved into the assets under management (AUM) of the member companies, revealing a total AUM of ₹41,220 crore as of December 2024.

Two-thirds of …