Loan seekers sharing bank data 3x more likely to get business loans: Study
The introduction of the Account Aggregator framework has remarkably transformed the lending landscape, especially for borrowers without prior credit history. With loans totaling over Rs 3.82 lakh crore accessed through millions of accounts, new-to-credit individuals experienced significant growth in loan disbursements. Lenders benefiting from this framework reported quicker portfolio expansion…
A recent study by CRIF Credit Information Services and Sahamati highlights that borrowers with no credit history are three times more likely to obtain business loans through lenders using the Account Aggregator (AA) framework compared to conventional channels. New-to-credit borrowers made up 28.5% of loans in this category disbursed by AA-enabled lenders in the 12 months ending June 2026, compared to 8.6% for other lenders.
The Account Aggregator framework facilitated Rs 3.82 lakh crore in loan disbursals across 3.68 crore accounts in FY26, accounting for 8.4% of retail and MSME lending by value and 11.8% by volume, equivalent to around 1.1% of India’s GDP.
Brief written by urgent.news from Times of India's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
