Small-ticket loans are driving India's retail credit surge, with loans above Rs 50,000 comprising 29% of consumer durable loan value in Q4, CRIF data reveals.
Consumer loans are driving India's consumption story
Jul 27, 2026
03:56 pm
What's the storyIndia's consumption story is being driven by easy access to credit, with small-ticket consumer loans becoming the preferred financing option for discretionary purchases.
From smartphones and TVs to furniture and home appliances, these loans are now a major part of household borrowing.
Share of Indians with access to formal credit doubles, driven by phones on EMI and less developed states
Formal retail credit access doubles over past decade
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Indian consumers now prioritize experiences and lifestyle choices over basic needs. Average monthly spending has increased…
India's retail credit growth is driven by a 50% surge in gold loans, reaching ₹170.2 lakh crore in Q4 FY26.
Consumer financing reached new highs in the June quarter. This surge was fueled by greater financing of electronics and rising…
