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FACE Report: Fintechs Have 14% Very High-Risk Borrowers

Summary by MediaNama
Fourteen percent of people taking loans from fintech organisations have a very high-risk credit profile according to the Fintech Association for Consumer Empowerment’s (FACE) report on fintech personal loans in India, for the period between April 2018 and December 2024. FACE is an RBI-recognised self-regulatory organisation (SRO) in the fintech sector. This is a much higher share of very high-risk customers than banks and other non-banking finan…
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FACE Report: Fintechs Have 14% Very High-Risk Borrowers

Fourteen percent of people taking loans from fintech organisations have a very high-risk credit profile according to the Fintech Association for Consumer Empowerment’s (FACE) report on fintech personal loans in India, for the period between April 2018 and December 2024. FACE is an RBI-recognised self-regulatory organisation (SRO) in the fintech sector. This is a much higher share of very high-risk customers than banks and other non-banking finan…

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MediaNama broke the news in on Thursday, March 27, 2025.
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