Personal Loans Outpace Home Loans as Credit Growth Accelerates

In the first three months of the 2026-27 financial year, new personal loans grew quickly.

Home loans are still much bigger overall, even though they grew a little more slowly.

Loans for consumer goods and two-wheelers also increased.

Experian says the overall share of late loan payments went down compared with a year earlier.

Personal loans are not used to buy an asset like a home, so borrowers should think carefully before taking one.

They should check whether the monthly payment fits with their other bills and debts.

The whole lending market grew by 18% during the quarter.

The report says both secured and unsecured lending continued to expand.