RBI Data: NBFC Retail Loans Up 21.9% — Are You In?
RBI data for September 2026 shows NBFC lending grew 15.4% year-on-year. Retail loans grew fastest at 21.9%, with home, gold and vehicle loans speeding up. Industry lending slowed to 7.4%. This describes past data, not a new rule.
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Borrowers and investors who use NBFCs or housing finance companies for home, gold, vehicle or other loans, and anyone tracking how fast non-bank lending is growing.
Retail loans from NBFCs grew this much year-on-year in September 2026, up from 16.8% a year earlier.
Key Takeaways
Check whether your lender is an NBFC or housing finance company, since this data covers those lenders.
Read the RBI release itself if you want the sector-wise breakdown behind these growth figures.
Treat the numbers as provisional, last-day-of-month data from a sample of lenders, not a final count.
Example: 21.9% on ₹1,00,000
- Amount
- ₹1,00,000
- growth in retail NBFC loans over a year
- ₹21,900
Illustrative amount.
RBI data for September 2026 shows NBFC lending grew 15.4% year-on-year. Retail loans grew fastest at 21.9%, with home, gold and vehicle loans speeding up. Industry lending slowed to 7.4%. This describes past data, not a new rule.
Here's what happened: RBI's data for September 2026 shows total NBFC credit up 15.4% year-on-year, against 13.3% a year earlier. Retail loans grew 21.9% versus 16.8% a year ago, with home, gold-jewellery and vehicle loans all picking up pace. Farm credit grew 17.8%, while industry credit slowed to 7.4% from 10.2% and services slowed to 17.3% from 23.0%.
What you should do: Check whether your lender is an NBFC or housing finance company, since this data covers those lenders. Read the RBI release itself if you want the sector-wise breakdown behind these growth figures. Treat the numbers as provisional, last-day-of-month data from a sample of lenders, not a final count.
Pro tip: These are growth rates over a year, not loan amounts, and the sample covers only about 87% of NBFC credit, so the real picture may differ slightly.
Written by GoCredit from the official Reserve Bank of India document cited below. Every figure is checked against that document. This is general information, not legal or financial advice.
If this affects your borrowing choices, compare current personal loan options from 100+ lenders on GoCredit.
Questions people ask
How fast did NBFC credit grow in September 2026?
Total NBFC credit grew 15.4% year-on-year in September 2026, compared with 13.3% a year earlier, according to RBI's provisional data.
Which NBFC loans grew the most?
Retail loans grew 21.9% year-on-year. Within retail, home loans, gold-jewellery loans and vehicle loans all saw faster growth than a year before.
Does this data change my loan interest rate?
No. The release only reports how fast lending grew across sectors. It announces no rate change or new rule for borrowers.
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Official source. GoCredit wrote this explainer from the document above, and every figure in it is checked against that document automatically. The worked example is calculated by GoCredit. How we write news
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