India's credit market has shown remarkable growth in FY26, with total loan sourcing increasing by 31% to ₹75 lakh crore. This surge is attributed to robust demand across retail consumer segments, enhanced borrower confidence, and improved underwriting practices. The report from Experian highlights a notable trend towards secured lending, particularly in gold loans, home loans, and other asset-backed products, which have simplified access to credit for new borrowers. Unsecured lending also saw a strong recovery, especially in personal loans, driven by deeper digital penetration in Tier 2, 3, and 4 cities. The overall assets under management (AUM) in the industry rose 19% to ₹137 lakh crore by March 2026, with gold loans leading the way with a 47% increase in AUM. Additionally, the asset quality improved, with net 30+ delinquencies dropping to approximately 3%, reflecting disciplined lending practices and better repayment behavior. Non-Banking Financial Companies (NBFCs) and fintechs played a crucial role in this growth by facilitating quicker onboarding and extending their reach to diverse borrower segments.