The Fintech Association for Consumer Empowerment (FACE), an RBI-recognised self-regulatory organisation in the fintech sector (SRO-FT), said its member companies disbursed loans worth Rs 36,897 crore in Q2FY25 and Rs 69,863 crore in H1 FY25.

On an aggregated basis, companies reported disbursing nearly 3 crore loans, which is a 20% growth compared to Q2FY24.

The average loan size for the quarter was Rs 10,891, the FACE report said. 

The average ticket size bucket of Rs 10,000-25,000 is the most common, with 12 companies in that range, accounting for 40% of total disbursement value. 

"Overall, there is significant variation amongst companies, demonstrating the fintech sector’s ability to cater to varied consumer segments and credit needs," the report added.

As of September 2024, the total assets under management (AUM) reported by 28 FACE member companies stood at Rs 51,537 crore. Of this, 74% was on the balance sheet.

The report is based on data from 34 FACE member companies lending to customers through their in-house NBFCs and in partnership with other regulated entities (mostly NBFCs). Of the 34 companies contributing their data, 23 are/have in-house NBFCs.

For 23 companies that are/have in-house NBFCs, 80% of AUM is on-balance, and 20% is off-balance.