India’s digital lending space has grown rapidly in recent years, driven by rising smartphone adoption, simplified KYC processes, and a new wave of fintech innovation. While small-ticket loans continue to dominate the market in terms of volume, there’s been a noticeable uptick in demand for medium-sized personal loans typically ranging between ₹50,000 and ₹5,00,000.
More consumers, especially from Tier 1 and Tier 2 cities, are turning to digital lenders for short-term funding needs like medical expenses, education fees, home improvements, or consolidating debt. According to recent industry data, digital lenders disbursed 2.64 Crore loans worth ₹37,676 Crore in Q1 FY25, a 15% increase in volume and a 27% jump in disbursed value compared to the same period last year. The average loan size also grew by 16%, signaling a clear shift in borrowing behavior.
This rise in average ticket size reflects a growing preference for mid-sized loans bridging the gap between micro-credit and traditional bank offerings. Below are four digital lending platforms that are capitalizing on this shift and reshaping how personal credit is accessed in India:
RupeeRedee: Tech driven digital lending platform that was founded in 2018 to provide quick and hassle free personal loans to underserved segments of the Indian population. By leveraging advanced technologies and robust data protection, RupeeRedee Simplifies the borrowing process for individuals who may not have access to traditional banking services. The platform focuses on offering medium-sized loans (up to 1,49,000) with minimal documentation, making it accessible to individuals from lower-income groups, especially those in need of immediate financial assistance. RupeeRedee operates through its captive Non-Banking Financial Company (NBFC), FincFriends Private Limited, ensuring faster loan disbursals and a seamless KYC process.
KreditBee: The Company targets India’s growing base of salaried millennials and gig workers, offering personal loans from ₹10,000 to ₹5 lakhs. By leveraging alternative credit data and user-friendly app-based journeys, KreditBee delivers instant approvals with flexible repayment options. Its suite of offerings now includes cash loans, EMI financing, and even digital gold-based products making it one of the most versatile players in the mid-ticket lending space.
Fibe (formerly EarlySalary): Offering personal loans ranging between ₹5,000 and ₹5 lakhs, targeting working professionals across urban India. What started as a salary advance service has grown into a full-stack personal finance platform, with credit offerings in education, healthcare, and travel. Its AI-led credit checks and real-time disbursals appeal to a generation that values speed and simplicity. Fibe’s increasing focus on higher-value loans positions it well within the mid-ticket segment.
Nira caters to salaried individuals earning as little as ₹12,000 per month, offering loans from ₹5,000 to ₹1 lakh. While it began with a focus on small-ticket credit, its growing customer base in India’s lower-middle-income segment is gradually showing interest in larger loans. Nira partners with RBI-registered NBFCs and uses a mobile-first interface to streamline approvals and disbursements making credit more accessible for borrowers traditionally left out of formal financial systems.