Newtap Finance gets CRISIL A-rating on back of disciplined growth
2 min readNewtap Finance, a technology‑driven non‑banking financial company (NBFC), has received a CRISIL A‑rating upgrade for its borrowing programmes, which include bank loans and non‑convertible debentures (NCDs). This upgrade is anticipated to broaden the company’s access to diverse, lower‑cost funding sources from banks and the capital markets.
Key Takeaways
- Newtap Finance received a CRISIL A-rating upgrade for its bank loans and NCD borrowing programmes.
- CRISIL cited Newtap’s expanding scale, disciplined underwriting and strong portfolio performance for the upgrade.
- Founded in September 2022, Newtap provides personal loans to salaried and self-employed borrowers across 23 states and four union territories.
- The company operates under RBI’s Digital Lending Guidelines with a strategic partnership with fintech platform CRED.
The rating agency highlighted Newtap’s expanding scale, disciplined underwriting approach, and robust portfolio performance as the primary factors behind the upgrade.
Established in September 2022, Newtap operates as a digitally native lender targeting creditworthy consumers, providing personal loans to salaried and self‑employed individuals across 23 states and four union territories. It functions as an independent, regulated NBFC in line with RBI’s Digital Lending Guidelines and has a strategic partnership with fintech platform CRED, which holds a 25.2 % equity stake.
As of March 31, 2026, Newtap’s managed loan portfolio amounted to ₹4,582 crore, with on‑book assets under management of ₹859 crore. The company reported a net worth of ₹225 crore and a capital adequacy ratio of 24.4 %, positioning it well for the next stage of growth.
Published on August 14, 2026
