Loan disbursals at Fintechs rise 27% in June quarter: FACE data

Digital lenders in Mumbai have seen a 27% year-on-year growth in loan disbursements, reaching ₹37,686 crore by the end of June. Despite a 5% sequential decline due to seasonal factors, the volume of loans crossed 26 million. The Fintech Association for Consumer Empowerment highlights strong customer demand and financial inclusion.