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Lend, baby, lend: Borrowers getting younger

Times of India LogoTimes of India22h ago

Lend, baby, lend: Borrowers getting younger - Times of India

Quick Summary:

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.

Indians are accessing credit much earlier, with the average age for first-time borrowers dropping significantly across generations.

The Jan Dhan-Aadhaar-Mobile trinity has also streamlined borrower tracking, contributing to this trend.

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Article Details

Author / Journalist: Mayur Shetty

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-02 @ 06:25:41 (22 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 776 words

Reading Time: 5 minutes read

Sentences: 28 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 28314117

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About Times of India

Times of India Logo

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 35 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #28

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  • URL: https://citrocola.beamstart.com/news/lend-baby-lend-borrowers-getting-17461439055449

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