In Q3 FY24, NBFC loan sanctions increased by 6% YoY, with consumer loans soaring by 30%, reveals FIDC. Gold loans and personal loans also witnessed significant growth. While gold loans surged by 14% YoY, personal loans showed a remarkable 27% YoY increase. However, home loans contracted by 2% YoY, with a sharper 13% sequential decline. This data reflects dynamic shifts in borrowing patterns, with consumers showing heightened demand for versatile financial solutions amid economic fluctuations.
NBFC Loan Sanctions Surge, Consumer Segment Leads Growth
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