…providing us with the opportunity to capitalize on a rapidly expanding and

enormous TAM

High Income Household

 HH income of $14.2K p.a.
 34m households
 Prime credit score
 Active bank accounts, regular
Indian
steady income consumer
credit market
Middle Income Household
 HH income of $2.4K-
200m $14.2K p.a. $450bn
$890bn
 200m households
Household  NTC / Near Prime / Prime
/ Super Prime borrowers
s  Borrowers taking
secured loans $250b
n
Low Income Household
 HH income of <$2.4K p.a.
 82m households StashFin’s
 Informal credit estimate of
 No active bank accounts, Served Available
no prior credit history Market (SAM)

FY2022 17% FY2030

CAGR

(1) Source: RBI, NAVI Prospectus, Bain & Company, BCG, Management estimates 1