Top 5 states with highest loan originations in India
Maharashtra leads the pack with a significant Rs 102,121 crore in loan originations.
Loan demands in India have surged in the previous quarter or Q3-FY24, with origination values at Rs 462,259 crores across various sectors like auto loans, personal loans, and home loans, according to data by CRIF High Mark. Home and personal loans saw the highest number of borrowers in the time period.
Here are all five states with highest number of loan originations:
Loan Originations: Maharashtra
Maharashtra leads the pack with a significant Rs 102,121 crore in loan originations. Home loans (Rs 55,095 crore) and personal loans (Rs 27,182 crore) contribute the most to this total.
Loan Originations: Karnataka
Karnataka follows closely behind at Rs 61,261 crore, which is 40% lower than Maharashtra.
Loan Originations: Uttar Pradesh
Uttar Pradesh jumped to the third position with Rs 52,657 crore, reflecting a significant rise in loan originations compared to Q3 FY23. Home loans (Rs 15,582 crore) and personal loans (Rs 21,106 crore) are the leading categories here.
Loan Originations: Tamil Nadu
Tamil Nadu secures Rs 49,258 crore in loan originations, encompassing auto loans, two-wheeler loans, personal loans, consumer durable loans, and home loans.
Loan Originations: Telangana
Telangana stands close to Tamil Nadu with Rs 44,871 crore in loan originations.