Hub Report
Fellocraft Research • 5 spoke reports in one

Loans Marketing in India —
how 60 brands compete online

India's retail credit market is worth ₹54.2 lakh crore and growing faster than any comparable market in the world. This report maps the digital strategies of 60 brands across five loan categories — Home, Personal, Credit Card, Gold, and Fintech Consumer Credit — and shows which ones are winning where, and why.

Home
₹28.5 LCr
Largest category
Personal
₹13.2 LCr
+22% YoY
Gold
₹8.2 LCr
+28% YoY
Credit Card
₹2.9 LCr
81% digital
Fintech
₹1.4 LCr
+45% YoY
Section 01 — The five categories

Retail credit in India is really five distinct markets

Home Loan
₹28.5 LCr
YoY growth
+12%
Digital
42%
Avg ticket
₹42L
Brands
13
Read the Home Loan spoke
Personal Loan
₹13.2 LCr
YoY growth
+22%
Digital
64%
Avg ticket
₹1.8L
Brands
12
Read the Personal Loan spoke
Gold Loan
₹8.2 LCr
YoY growth
+28%
Digital
35%
Avg ticket
₹1.2L
Brands
10
Read the Gold Loan spoke
Credit Card
₹2.9 LCr
YoY growth
+18%
Digital
81%
Avg spend
₹35K/mo
Brands
12
Read the Credit Card spoke
Fintech Credit
₹1.4 LCr
YoY growth
+45%
Digital
98%
Avg ticket
₹80K
Brands
13
Read the Fintech spoke
The big picture
The smallest loan category is also the fastest growing — and the most ruthlessly digital
Fintech consumer credit is ₹1.4 lakh crore — just 2.6% of the total retail loan book in India. But it's growing at +45% YoY, nearly 4× the rate of home loans, and is 98% digitally originated. Meanwhile, the largest category — home loans at ₹28.5 lakh crore — remains less than half digital. This divergence defines every marketing choice downstream: which channels to invest in, which funnels to build, and which playbook to copy from whom.
Data sources: RBI Financial Stability Report Q4 FY26, RBI Sectoral Deployment of Bank Credit, NBFC disclosures, company filings for each of the 60 brands tracked across 5 spoke reports. Market size and growth figures are outstanding book values as of March 2026. Digital origination share estimates combine RBI disaggregated data, Boston Consulting Group India retail credit reports, and Fellocraft analysis of brand digital traffic patterns.