New Delhi, July 2 -- Fintech lenders disbursed nearly 10.9 crore personal loans worth Rs.1.06 lakh crore in FY2024-25, according to data by the Fintech Association for Consumer Empowerment (FACE), reported ET.

Fintech's accounted for just 12% of the personal loan market by value. They dominated volumes, controlling 74% of all loans disbursed during the year. The average loan size stood at Rs.9,786, whereas 46% of the loans by value exceeded Rs.50,000.

The data further elaborated that young borrowers continued to drive demand, with 66% of total sanctioned loan value going towards individuals below the age of 35. Furthermore, Fintechs also expanded their footprint in non metro markets, 39% of loans were disbursed in Tier III towns and bey...