Personal loans jump 32% in Q1 FY27: How home, auto and consumer loans compare — and what borrowers should watch

The demand for personal loans has surged by 32% in the first quarter of the fiscal year 2027, outpacing the growth in home loans. However, home finance remains the dominant credit category. Consumer durable and two-wheeler loans are also witnessing an increase.

This trend indicates a shift in Indian borrowing patterns, with consumers opting for personal loans for various purposes. However, it is essential for borrowers to monitor their credit utilization and maintain a healthy credit score.