In the first half of 2026, consumer finance institutions will accelerate the clearance of personal non-performing loans.

According to incomplete statistics from the transfer announcement of Yindeng Center, as of June 30, 2026, 24 consumer finance institutions have listed over 100 non-performing loan asset packages, with a total principal and interest of about 50 billion yuan, involving more than 10 million personal consumer loans. Compared with the same period in 2025, the number of listed consumer finance institutions has increased from 15 to 24, the scale of listed principal and interest has increased by about 60%, and the number of loans involved has more than doubled.

From the 2.1 billion yuan asset package posted by Zhaolian Consumer Finance to the "old accounts" of Bank of China Consumer Finance that have been overdue for more than 8 years, this clearance reflects the asset quality pressure currently faced by the consumer finance industry.

The head mechanism is the main force for clearing

In the first half of 2026, top consumer finance institutions will become the main force in clearing non-performing personal loans in the consumer finance industry in the Yindeng Central Transfer Zone. Among them, the total listed principal and interest of three institutions, Zhaolian Consumer Finance, Zhongyin Consumer Finance, and Hangyin Consumer Finance, account for "half of the country", with a single batch of asset principal and interest often reaching 1 billion yuan. However, small and medium-sized consumer finance institutions such as Zhongyuan Consumer Finance, Sunshine Consumer Finance, and Xiamen Jinmeixin have a single batch of non-performing principal and interest totaling less than 100 million yuan.

The total principal and interest of the multi period assets listed by Zhaolian Consumer Finance exceeded 10 billion yuan, among which the total principal and interest of the first period asset package launched on January 23 was 2.108 billion yuan, which is the highest single transaction scale of consumer finance institutions listed in the first half of 2026; Bank of China Consumer Finance has the highest number of listed periods - over 30 non-performing asset packages, with a prominent proportion of long-term aged debt; Hangyin Consumer Finance listed 9 phases of assets, with a cumulative total principal and interest of over 5 billion yuan, involving over 1.75 million non-performing assets.

Participate in synchronous expansion of the main body. Compared to the same period last year, in the first half of 2026, instant consumer funds, Mengshang consumer funds, Shanghai Shangcheng consumer funds, Xiaomi consumer funds, and others will be launched on the Yindeng non-performing transfer platform.

A consumer finance industry insider told reporters that since the fourth quarter of 2025, consumer finance institutions have been more cautious in carrying out credit business, reducing cooperation with lending aid institutions, and paying more attention to their own asset quality. In addition, with the increase in compliance costs for debt collection in 2026, it is reasonable to accelerate the clearance of non-performing assets.

Wang Pengbo, Chief Analyst of the Financial Industry at Broadcom Consulting, stated that in the first half of 2026, the transfer of non-performing assets in the consumer finance industry will exhibit operational characteristics of "expansion of participating entities and significant increase in overall scale". In addition, the actions of institutions to clear overdue assets in batches are sustainable, with top consumer finance institutions becoming the core contributors to the transfer business. Small and medium-sized consumer finance institutions will also follow up and dispose of non-performing assets in stock, and the frequency of use of industry asset circulation channels will continue to increase.

Wang Pengbo believes that this is closely related to the current development characteristics of the consumer finance industry. On the one hand, the continuous expansion of existing credit scale in the consumer finance industry has led to a synchronous increase in the total amount of overdue assets, and the pressure on institutions to dispose of existing non-performing loans continues to accumulate; On the other hand, the disposal channels in the consumer finance industry are becoming more standardized, and the supporting mechanisms for credit asset transfer platforms are improving. Institutions actively reduce non-performing loan rates and optimize reporting indicators through transfer methods. At the same time, the improvement of external disposal institutions' capacity also provides a landing foundation for bulk transfers.

Old and short accounts are emerging together

Comparing the data of the transfer area of Yindeng Center in 2025, the reporter found that the overall overdue period of non-performing assets in 2026 has significantly increased, with the weighted average overdue days increasing from more than 700 days to over 900 days. The total proportion of asset packages overdue for more than one year is nearly 80%.

Bank of China Consumer Finance is a typical representative of long aged assets, with a total principal and interest of over 3.3 billion yuan in the three asset packages listed from period 31 to period 33. The weighted average overdue days are all over 3000 days, which is over 8 years, making it the longest overdue consumer finance institution transfer in the first half of the year. A non-performing asset package listed on Haier Consumer Finance has a weighted average overdue days of 2022 days.

At the same time, asset packages with "short aging" of less than 200 days have emerged in a concentrated manner.

The two asset packages launched by Zhongyuan Consumer Finance in the transfer area of Yindeng Center have a weighted average overdue days of only 101 days and 102 days, which means that the loan is overdue for more than three months before entering the transfer process; Hubei Consumer Finance listed 6 non-performing asset packages in the first half of the year, with a weighted average overdue days of about 150 days. Among them, 4 non-performing asset packages had overdue days concentrated between 141 and 157 days; The 1.073 billion yuan non-performing asset package, which was immediately listed on Consumer Finance, was listed on the transfer platform with a weighted average overdue of only 121 days, involving 581000 loans, making it the largest amount of "short aged" non-performing assets in the first half of the year.

The above-mentioned consumer finance industry insiders explained to reporters that the longer the overdue period, the faster the asset depreciation, the higher the borrower's loss rate, and the possibility of not returning is extremely high. Institutions choose to list short-term overdue debts in advance in order to quickly lock in losses.

In terms of asset quality, some of the non-performing assets transferred in bulk have also exposed underlying flaws left over from early business operations, and multiple institutional transfer announcements have disclosed asset risks. For example, Instant Consumer Finance mentioned in multiple transfer announcements that there are missing delivery materials for some loan receipts, such as loan contracts and loan disbursement vouchers.

From the weighted average age of borrowers, middle-aged people around 40 years old are the main carriers of non-performing loans. But looking at multiple packages of non-performing assets separately, the weighted average age of individual non-performing loans is gradually becoming younger. For example, the weighted average age of borrowers involved in the non-performing loans of Jijiu Consumer Finance, Sichuan Jincheng Consumer Finance, and Xiaomi Consumer Finance is between 32 and 37 years old. The customer group involved in the overdue assets of consumer funds in the banking sector is relatively older. For example, the weighted average age of multiple long-term overdue borrowers of Bank of China Consumer Finance is 46 to 48 years old.

The above-mentioned consumer finance industry insiders stated that after the implementation of the new regulations on self-service loans, consumer finance institutions have received guidance from the window, requiring comprehensive costs to be reduced to below 20%, and specific implementation is required this year. Currently, many consumer finance institutions are facing severe asset quality tests, and the transfer of non-performing assets provides a quick channel for them to unload their historical burdens.