UP leads used-car loan growth at 32.6% CAGR: Where is vehicle credit expanding fastest?

Uttar Pradesh has emerged as the fastest-growing major market for used-car financing, with its portfolio rising at a 32.6% five-year CAGR through June 2026, according to CRIF High Mark. Karnataka and Telangana followed closely, but the rapid expansion also brings greater focus on borrower repayment behaviour and credit risk.