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India’s Personal Loan Market Is Changing. Not All For The Good
Larger number of personal loans are getting processed, of smaller sizes, and by younger borrowers, shows a CRIF High Mark study.
16 Dec 2020, 08:12 AM IST ![NDTV Profit](/icons/feather-without-circle.svg)
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![Millennials are risk takers when it comes to cross-border online shopping. (Photographer/Source: Xaume Olleros/Bloomberg)](https://media.assettype.com/bloombergquint%2F2016-08%2F139fce89-8ec9-4fe1-9405-ef3cc800e3ff%2F241525148.jpg?rect=0%2C0%2C4000%2C2250&auto=format%2Ccompress&w=200)
Millennials are risk takers when it comes to cross-border online shopping. (Photographer/Source: Xaume Olleros/Bloomberg)
Getting a personal loan has never been easier. A few clicks are all you need. Offers from banks and non-banks crowd your screen. And no-cost-EMIs mean your interest cost may be limited.The result is that a larger number of personal loans are getting processed, of smaller sizes, and by younger borrowers. That’s according to a study by credit bureau CRIF High Mark, which was released on Tuesday.The number of personal loans sourced per ...
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