February saw a sharper slowdown in origination activity, with loan volume declining 11.44% while outstanding balances edged down slightly by 0.28%, indicating a pause in portfolio expansion. Delinquency metrics continued to trend upward—Par 30 increased 0.58%, Par 60 rose 0.78%, and Par 90 climbed 0.49%—pointing to ongoing repayment pressure across borrower segments. The collection rate slipped another 2.21%, suggesting recoveries remain a challenge early in the year. Loan terms shortened further, down 1.67%, while interest rates remained largely stable, inching up just 0.02%. As Q1 progresses, lenders will remain focused on monitoring credit performance while navigating softer lending volumes.
A full breakdown of the calculations for these metrics is available here.
| Indicator | February MoM |
|---|---|
| Volume | -11.44% |
| Outstanding Balance | -0.28% |
| Par 30 | 0.58% |
| Par 60 | 0.78% |
| Par 90 | 0.49% |
| Collection Rate | -2.21% |
| Term | -1.67% |
| Interest | 0.02% |