Indian ladies are growing their presence within the credit score market. Women are actually availing extra credit score within the type of house loans (HL) and auto loans (BL) bringing down the share of male debtors.
The share of feminine debtors in house loans has elevated by two proportion factors to 31 per cent within the Rs 24,99,460 crore house mortgage market as of December 2021. On the opposite hand, the share of feminine debtors in auto loans has gone up by two proportion factors to Rs 4,57,041 crore, in line with CRIF High Mark, a credit score data bureau.
The share of feminine debtors availing enterprise and private loans has elevated by one proportion every to 23 per cent and 17 per cent respectively during the last one 12 months, it stated.
CRIF High Mark stated private loans to feminine debtors have spiked by 42 per cent Y-o-Y as of December 2021, whereas house loans have elevated by 22 per cent. Auto loans and enterprise loans to feminine debtors have elevated by 14 per cent and 13 per cent respectively as of December 2021, it stated. “Female borrowers from southern states have higher credit exposure compared to western and northern states,” CRIF High Mark stated.
