November reflected a shift in lending activity, with loan volume declining 4.46% even as outstanding balances grew 3.26%, suggesting continued portfolio expansion despite fewer new originations. Delinquency metrics moved upward in early and mid-stage buckets—Par 30 increased 0.35% and Par 60 rose 0.88%—while Par 90 improved, decreasing 0.39%, indicating some stability among more seasoned loans. The collection rate dropped 5.95%, underscoring ongoing challenges in recoveries heading into year-end. Loan terms shortened slightly, down 0.55%, and interest rates continued to ease, declining 0.73%, providing modest borrower relief but compressing returns for lenders. As the final weeks of 2025 approach, maintaining repayment performance while managing exposure growth remains a key focus.
A full breakdown of the calculations for these metrics is available here.
| Indicator | November MoM |
|---|---|
| Volume | -4.46% |
| Outstanding Balance | 3.26% |
| Par 30 | 0.35% |
| Par 60 | 0.88% |
| Par 90 | -0.39% |
| Collection Rate | -5.95% |
| Term | -0.55% |
| Interest | -0.73% |