Tag: CRIF

Indian women took more home loans during pandemic, BFSI News, ET BFSI

Banking & Finance

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Home is where the heart is, and it is also where the Indian women seem to be putting their money.

Indian women are availing more credit in the form of home loans compared to personal loans and auto loans, according to a study by CRIF High Mark.

As of December-end 2020, about 29 per cent of the Rs 20.6-lakh crore home loan market was accounted for by women.

Maharashtra retains the top position in women home loan borrowers, with an outstanding portfolio of Rs 1,37,845 crore as of December 2020 against an outstanding of Rs 1,31,591 crore a year ago. The book size of home loans availed by women in Karnataka is Rs 65,012 crore as against Rs 60,731 crore a year ago. For Tamil Nadu, it is Rs 65,005 crore against Rs 61,215 crore a year ago.

Compared to other loan segments

Women accounted for 16 per cent each in the case of personal loans (market size of Rs 5.95-lakh crore) and auto loans (Rs 4.58-lakh crore), the CRIF study said.

“Indian women are availing more credit in the form of home loans as compared to personal and auto loans,” it said.

Home loan ticket size

Also, the average home loan and auto loan ticket size of women is higher when compared to their male counterparts, as per an analysis by credit information bureau CRIF High Mark.

The average home loan ticket size for women was higher at Rs 16.69 lakh in December 2020 (Rs 16.38 lakh as of December-end 2019) against Rs 14.71 lakh (Rs 14.45 lakh a year ago) for men. “Size of home loans borrowed by women is 13 per cent higher than those borrowed by men, both having seen a growth of 2 per cent over the last year,” it said.

Being prudent

The average size of loan borrowed by women continues to be smaller than that borrowed by men, while the average auto loan size borrowed by women is 8 per cent higher than that borrowed by men. The share of top five states in the personal loan portfolio outstanding for women has increased by 18 per cent over the previous year, and women borrowers from southern states have higher credit book size as compared to western and northern states, it said.

The break-up

A total of 1.8 crore loans – split into 18 lakh auto loans, 15 lakh home loans and 1.5 crore personal loans – were given out in the first three quarters of 2020-21, it said, adding that this was 40 per cent lower than the 2.97 crore in the year-ago period.

In terms of the value of loans disbursed to women borrowers, public sector banks have had the largest share observed over the past four quarters, followed by NBFCs and private banks, it said.

Maximum loans are given to women in the age group 26-35 having a share of 40 per cent in the overall disbursements in the year 2020, it said, adding that 6.26 crore women borrowers have a credit history as of now.



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Study, BFSI News, ET BFSI

Personal Finance

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by Syed Fasiuddin

Microfinance disbursements in the second quarter of the financial year spiked by 380% over the previous year, as normalcy crept in day-to-day life in urban & rural centres of the country following stringent lockdowns, revealed a report by CRIF.

Disbursements in rural centres increased from Rs 3,634 crore to Rs 17,407 crore between the two quarters, whilst urban centres disbursements stood at Rs 12,311 crore, from Rs 2,539 crore earlier. The figures however stood at a stark decline from the same period a year earlier, where disbursements stood at Rs 32,903 crore in rural parts and Rs 25,796 crore in urban parts, respectively.


The share of banks in disbursals between the first and second quarter of FY21 in disbursals decreased from 67.81% to 50.58%; whilst NBFC’s roared with their share increasing from 8.07% to 29.07%. Small Finance Banks (SFBs) also posted a lower share in disbursals from 20.08% to 12.84% between the first and second quarter of FY21.


The average ticket size in micro loans also grew quarterly by 1.4% to Rs 34700, whilst also posting a yearly growth of 6.7%. Movement was also noted in the ticket size, which in the first quarter of FY21 were focussed mainly on loan sizes of lower than Rs 20,000, occupying 60% of share, whilst in the second quarter was dominated by loans of more than Rs 40,000.

Geographically, the eastern region dominated the microfinance segment with a share of 34.7%, whilst southern and western parts held a share of 26.3% and 14.6%. The northern, central and north-eastern parts recorded a market share of 10.5%, 7.7% and 6.9%, respectively.

The average exposure per borrower increased by approximately 20% and 14% in West Bengal and Tamil Nadu, whilst also recording an increase of 12% in Karnataka. Separately, Tamil Nadu also had the highest share of borrowers, standing at 8.9%, of individuals who had loans with four or more lenders. Karnataka and Bihar retained second and third spots in individuals with four or more loans.



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U GRO Capital sees disbursements at pre-Covid-19 level

Banking & Finance

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Small business lending fintech platform U GRO Capital has seen its disbursements reach pre-Covid-19 levels but believes that credit demand is still muted.

“We disbursed about ₹120 crore in February and we are now at a little bit more than that,” said Shachindra Nath, Executive Chairman and Managing Director, U GRO Capital, but noted that the credit demand is largely for sustaining existing businesses.

“Borrowers are not thinking about growth too much,” he said in an interaction with BusinessLine.

Also read: U GRO Capital reports Q1 net profit at ₹3.72 crore

U GRO Capital on Wednesday also announced that it has filed an application with the Indian Patent Office for its distinctive methods and systems for modelling scorecards.

“This has allowed the company to penetrate in a highly unstructured segment, which is driven by physical processes,” it said in a statement, adding that it tackles the unavailability of appropriate MSME database, by utilising its unique classification technique leveraging the proprietary knowledge base and strength of statistical models.

Using this model, it aims to target 2.5 lakh small businesses and extend loans on the basis of data analytics amounting to over ₹30,000 crore in the next four financial years.

The company has made disbursals of ₹1,700 crore in the form of secured and unsecured loans till date.

Also read: U GRO Capital appoints Global Value Creation Partners to drive biz growth

The distinctive underwriting model generates credit score cards customised to suit the peculiarities and nuances of varied business enterprises, it said, adding that this is done by analysing the historical loan delinquency patterns and cash flow within each selected business segment.

The proprietary statistical scorecards for assessment at various stages have been developed in consultations with CRIF and Crisil market experts.

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