NBFCs are main entry point for many first-time borrowers
In short
A joint FIDC–TransUnion CIBIL report says NBFCs are the main way many first-time borrowers get formal credit. It says that as of June 2026, 74% of live new-to-credit customers had used only NBFC credit.
This matters because it shows NBFCs are helping bring new borrowers into the credit system. The report does not name specific lenders or say whether this share is rising or falling.
What the reporting says
A joint FIDC–TransUnion CIBIL report says NBFCs are the main entry point to formal credit for many first-time borrowers, with 74% of live new-to-credit customers having used only NBFC credit as of June 2026. The report is presented as evidence of lenders’ reach and their role in expanding access to credit. The reporting does not say which NBFCs are involved or whether the trend is changing.
Why it matters
A joint FIDC–TransUnion CIBIL report says NBFCs are the main entry point to formal credit for many first-time borrowers, and that as of June 2026, 74% of live new-to-credit customers had used only NBFC credit. The data is presented as evidence of lenders’ reach and their role in expanding access to credit. The reporting does not identify specific firms or provide trend changes beyond that figure.