India’s personal loan market is seeing a sharp shift towards younger borrowers, even as consumption-led borrowing gains ground. Kotak Mahindra Bank’s Amit Pathak says borrowers should keep total EMI obligations below 50% of income to avoid financial stress, while Equifax India’s Shubhankar Mishra highlights the need for greater credit awareness. From BNPL and credit cards to personal loans and revolving credit, borrowers are increasingly using unsecured credit, making repayment discipline, credit monitoring and careful assessment of affordability more important than ever.
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Personal loans are getting younger. But how much debt is too much? Kotak Bank has a number
