TransUnion CIBIL says passenger vehicle loan size rises 49%
In short
TransUnion CIBIL reported that the average passenger vehicle loan size rose 49% to ₹8.2 lakh over seven years. The same reporting says NBFCs lead vehicle financing, with 73% of two-wheeler loans and 37% of passenger vehicle loans.
This matters for lenders and car buyers because bigger loans can mean higher borrowing needs. The report does not say why loan sizes rose or how rates changed.
What the reporting says
TransUnion CIBIL reported that the average loan size for passenger vehicles rose 49% to ₹8.2 lakh over seven years. The accompanying reporting says NBFCs continue to lead vehicle financing, with 73% of two-wheeler loans and 37% of passenger vehicle loans. The source does not state the reporting period beyond seven years or explain the drivers behind the rise.
Why it matters
TransUnion CIBIL reported that the average passenger vehicle loan size increased 49% to ₹8.2 lakh over seven years, and that NBFCs account for 73% of two-wheeler loans and 37% of passenger vehicle loans. This points to stronger lender activity in vehicle finance, especially among NBFCs. The report does not identify the exact period, borrower profile, or reason for the change.