New Delhi, Oct. 1 -- Digital personal loans are becoming a significant part of how Indians access unsecured credit, particularly among younger borrowers and those in smaller cities.

The report titled "Digital Personal Loans" was released by the Fintech Association for Consumer Empowerment (FACE), an RBI-recognised Self-Regulatory Organisation for the FinTech sector (SRO-FT).

It uses data from credit bureau CRIF High Mark and tracks personal loans sanctioned by 110+ digital NBFCs from April 2022 to June 2026. It also compares digital NBFCs with banks and other NBFCs to show their position in India's overall personal-loan market.

In the first quarter of FY27 (April-June 2026), digital NBFCs sanctioned 3.4 crore personal loans worth Rs.64...