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Retail loan demand moving to smaller cities from young borrowers: Report


Retail loan demand moving to smaller cities from young borrowers: Report
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Consumer credit demand and access has undergone a paradigm shift over the last few years, with the post-pandemic circumstances having further accelerated this change said Rajesh Kumar, managing director and CEO of the credit bureau
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The report also underscores the increasing use of technology platforms to borrow in recent times.
COVID-19 has impacted borrower behaviour pattern with a majority of borrowing shifting out of tier-I cities, demanding smaller ticket loans and millenials accounting for a bulk of retail loan demand according to a joint report by credit bureau Transunion Cibil and Google. The report also underscores the increasing use of technology platforms to borrow in recent times. ....

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