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Women borrow more for home purchase than other assets : CRIF Highmark

Women borrow more for home purchase than other assets : CRIF Highmark

Finance
Indian women are focusing more on building hard assets than comforts. They are availing more credit in the form of home loans as compared to personal and auto loans, data from credit bureau CRIF Highmark shows. Women account for 29 per cent of the Rs 20 lakh crore worth home loans extended by Indian lenders as of December 2020. While their share in Rs 4.6 lakh crore auto loans and Rs 5.9 lakh crore personal loans is as at 16 per cent each, according to the credit bureau. But the pandemic seems to be forcing women to go for unsecured personal loans. Active personal loans to women borrowers have spiked by 23% year-on-year or y-o-y as of December 2020, while that for home loans has increased 5% y-o-y. Active auto loans to women borrowers have reduced by 4% during the period. A total of 1.8 cr...