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Young more comfortable with credit than older gen
Mint Mumbai
|November 02, 2023
India's borrowers are getting ever younger, with more people taking out their first loans in their mid-20s, a new study showed.
Mumbai: India’s borrowers are getting ever younger, with more people taking out their first loans in their mid-20s, a new study showed.
People born in the 1990s and are currently in their early to mid-20s or early 30s took their first credit product at 23, according to a study of 37 million consumers by financial products marketplace Paisabazaar. Among these consumers, 22% took their first personal loan, and 24% took a credit card before turning 25.
Denne historien er fra November 02, 2023-utgaven av Mint Mumbai.
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