Understanding Landscape of Personal Loans in India: A Comprehensive Breakdown
Composition of personal loans in India
An exploration of the composition of personal loans offers valuable insights into the borrowing habits and preferences of individuals across different sectors in the country.
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Housing Loans
Account for the majority share at 52.12%.
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Vehicle Loans
Constitute 11.19% of personal loans.
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Credit Card Loans
Comprise 4.63% of the total.
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Education Loans
Constitute 2.70% of personal loans.
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Consumer Goods and Durables
Make up a smaller percentage at 0.77%.
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Other Personal Loans
Contribute to 28.57% of the total personal loans.
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