Economy · India
Online Loan Demand Surges Amidst Rising Prices and Over-leveraged Consumers
Demand for online personal loans has significantly increased, with a threefold rise in over-leveraged consumers reported. Personal loans and credit cards are major borrowing categories. This surge is driven by women, younger borrowers, and individuals in non-metro regions, contributing to a 74% jump in credit growth in 2026. The trend coincides with rising prices, suggesting a link between economic pressures and increased borrowing.
How outlets across the spectrum covered it
Left 2 · Centre 1 · Right 0 n = 3
- Left (2): The News Minute, The Wire
- Centre (1): Mint