Lend, baby, lend: Borrowers getting younger

Indians are accessing credit much earlier, with the average age for first-time borrowers dropping significantly across generations. This shift is driven by increased disposable income, pre-approved loans from banks, and the availability of unsecured credit products like credit cards and personal loans. The Jan Dhan-Aadhaar-Mobile trinity has also streamlined borrower tracking, contributing to this trend.

from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/gTrntP7