Home loans showed a marginal decline of 2%
FinTech BizNews Service
Mumbai, April 3, 2024: CRIF-FIDC (FINANCE INDUSTRY DEVELOPMENT COUNCIL) data for NBFC Sanctions for FY 2023-24 Q3 provides important insights. Broad Observations are as under:
Overall growth of NBFC sanctions was 6% YOY, though there was a decline of 4% QoQ (Q3 v. Q2).
Consumption loans such as two wheeler loans, Consumer loans, Gold loans, personal loans and education loans led the growth.
It was good to see commercial vehicles and equipment loans and loans against property increasing by healthy numbers, perhaps indicating revival of capital expenditure
Home loans showed a marginal decline of 2%
Urban sanctions were just 2% while rural sanctions grew by 14% YOY.
NBFCs Sanctions During Ǫ3 FY 24 |
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Sum of Sanctioned Amount (Cr) |
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Productwise | FY 2022-2023 Ǫ3 | FY 2022-2023 Ǫ4 | FY 2023-2024 Ǫ1 | FY 2023-2024 Ǫ2 | FY 2023-2024 Ǫ3 | YOY Change | ǪoǪ Change |
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Aggregation of all fund based facilities | 195.32 | 152.37 | 89.91 | 93.33 | 35.81 | -82% | -62% |
Auto Loan | 606.65 | 755.57 | 798.85 | 809.51 | 594.44 | -2% | -27% |
Auto Loan (Personal) | 23115.95 | 23193.67 | 22411.58 | 23884.17 | 22219.68 | -4% | -7% |
Bank guarantee | 328.04 | 384.42 | 456.23 | 226.32 | 369.67 | 13% | 63% |
Cash Credit | 246.15 | 331.80 | 312.31 | 203.16 | 222.34 | -10% | 9% |
Commercial Equipment Loan | 4556.11 | 5033.38 | 4114.67 | 4555.56 | 5091.06 | 12% | 12% |
Commercial Vehicle Loan | 27227.15 | 32539.79 | 27639.60 | 31686.61 | 31923.75 | 17% | 1% |
Consumer Loan | 22950.92 | 22251.05 | 29745.52 | 26193.98 | 29813.88 | 30% | 14% |
Demand Loan | 2674.02 | 3910.18 | 3835.69 | 5933.00 | 8461.00 | 216% | 43% |
Education Loan | 3495.15 | 3263.74 | 4690.12 | 12454.55 | 4553.66 | 30% | -63% |
Equipment financing (construction office medical) | 1788.31 | 2149.06 | 1854.57 | 1668.66 | 1205.93 | -33% | -28% |
GECL Loan | 40.13 | 48.13 | 33.93 | 5.02 | 0.22 | -99% | -96% |
Gold Loan | 39305.46 | 54388.45 | 58753.64 | 41590.73 | 44743.50 | 14% | 8% |
HCF | 35.78 | 55.78 | 59.07 | 71.61 | 56.16 | 57% | -22% |
Hire purchase | 8.46 | 13.26 | 8.85 | 9.87 | 2.96 | -65% | -70% |
Housing Loan | 48122.96 | 51221.68 | 46013.35 | 54191.18 | 47199.03 | -2% | -13% |
Inland bills discounted | 1670.55 | 1432.21 | 1526.62 | 1559.36 | 1763.05 | 6% | 13% |
Inland bills purchased | 2.50 | 17.75 |
| 41.50 | 25.50 | 920% | -39% |
LAS | 4120.19 | 4161.10 | 3420.48 | 2219.47 | 932.73 | -77% | -58% |
Lease finance | 972.20 | 863.22 | 683.01 | 591.35 | 709.26 | -27% | 20% |
Long term loan(period above 3 years) | 30027.94 | 33968.97 | 23418.81 | 25865.14 | 15499.77 | -48% | -40% |
Medium term loan (period above 1 year and upto 3 years) | 17518.53 | 25048.25 | 15939.32 | 16770.84 | 13112.44 | -25% | -22% |
NCD | 833.22 | 657.00 | 362.00 | 836.00 | 1245.80 | 50% | 49% |
Others | 9594.93 | 12419.47 | 8502.24 | 9645.28 | 4709.90 | -51% | -51% |
Overdraft | 2515.69 | 2884.54 | 2657.68 | 2658.30 | 2500.34 | -1% | -6% |
Personal Loan | 53293.07 | 61410.39 | 62402.40 | 67340.54 | 67722.29 | 27% | 1% |
Property Loan | 34005.24 | 43410.54 | 35326.16 | 39583.15 | 41947.83 | 23% | 6% |
PSL Agri + KCC | 541.68 | 314.56 | 363.23 | 114.13 | 192.34 | -64% | 69% |
Secured Business Loan | 6247.75 | 8250.88 | 6163.24 | 8115.28 | 8579.97 | 37% | 6% |
Seller Financing | 1.32 | 1.41 | 0.43 | 10.17 | 7.98 | 504% | -22% |
Short term loan (less than 1 year) | 5041.37 | 5784.12 | 3678.87 | 2287.74 | 4790.37 | -5% | 109% |
Two Wheeler Loan | 16927.29 | 13316.66 | 14527.43 | 14892.51 | 20716.56 | 22% | 39% |
Unsecured Business Loan | 32616.14 | 37227.00 | 33258.36 | 38350.92 | 33987.25 | 4% | -11% |
Used Car Loan | 3719.52 | 4010.40 | 4572.68 | 5094.77 | 5029.74 | 35% | -1% |
Used Tractor Loan | 9746.33 | 7447.65 | 8104.64 | 6982.60 | 7632.42 | -22% | 9% |
Grand Total | 404092.02 | 462318.48 | 425725.49 | 446536.33 | 427598.65 | 6% | -4% |
