Newtap Finance has been upgraded to a CRISIL A-rating for its borrowing programmes, covering bank loans and non-convertible debentures (NCDs). According to reports from The Hindu BusinessLine, the upgrade is expected to improve the company's access to diversified, lower-cost funding from banks and capital markets. The rating agency cited Newtap's growing scale, disciplined underwriting practices, and strong portfolio performance as key drivers of the upgrade. The CRISIL A-rating endorses Newtap's ability to build a scalable, high-quality lending ecosystem while maintaining a strong financial profile, reflecting the company's strategy for scaling the business while sustainably improving profitability.
Founded in September 2022, Newtap operates as a digitally native lender focused on creditworthy consumers, offering personal loans to salaried and self-employed individuals across 23 states and four union territories. As reported by The Hindu BusinessLine, the company functions as an independent, regulated NBFC under RBI's Digital Lending Guidelines, partnering with fintech platform CRED, which holds a strategic 25.2 per cent stake. Newtap operates as an independent, regulated NBFC combining technology-led lending with disciplined risk management, serving India's most creditworthy consumers since commencing operations.
According to the company's latest financial data, as of March 31, 2026, Newtap's managed loan portfolio stood at ₹4,582 crore, with on-book assets under management of ₹859 crore. As reported by The Hindu BusinessLine, the company reported a net worth of ₹225 crore and a capital adequacy ratio of 24.4 per cent, positioning it adequately for the next phase of expansion. The company has maintained asset quality and collection efficiency while growing its portfolio, demonstrating its ability to scale operations sustainably.
