Personal loans replace credit cards as preferred choice for first-time borrowers: TransUnion CIBIL
India’s consumer credit market is undergoing a structural shift, with personal loans and consumer finance products replacing credit cards as the preferred entry point for first-time borrowers, according to Bhavesh Jain, Managing Director and CEO of TransUnion CIBIL. The trend is changing how lenders acquire customers, with banks now competing for a larger share of…
