Mumbai: Among retail loan categories, the share of women borrowers is highest for gold and education loans, while it is the least for two-wheeler loans. Overall in retail loans, the share of female borrowers (by value) has risen from 25.3% as of December 2021 to 26% as of December 2022.
According to credit bureau CRIF High Mark’s report, 42% of gold loans is taken by women. This is understandable, given that the security used in the case of gold loans is primarily women’s jewellery. Women are also borrowing more for education, with 35% of education loans (in value terms) being taken by women. The share went up from 34% in 2021.
Home loans are the third highest category in terms of women’s share, and the share of women in home loans rose to 32% from 31% last year.
The portfolio of retail loans availed by women stood at Rs 26 Lakh Crore as of December 2022, increasing from Rs 20.7 Lakh Crore as of December 2021, registering a growth of 25%.
The report reveals that in 2022 for women borrowers, the average ticket size for all major retail loans has increased except for personal loans. For women, the average ticket size for personal loans has declined 17% to Rs 70,000.
As of December 2022, in value terms, Maharashtra is the top state with the highest credit exposure for female borrowers availing home loans, business loans, loans against property, auto loans, and consumer durables. Tamil Nadu is the top state for female borrowers availing personal loans, gold loans, education loans and two-wheeler loans. Andhra Pradesh tops in agri and tractor loans.
According to credit bureau CRIF High Mark’s report, 42% of gold loans is taken by women. This is understandable, given that the security used in the case of gold loans is primarily women’s jewellery. Women are also borrowing more for education, with 35% of education loans (in value terms) being taken by women. The share went up from 34% in 2021.
Home loans are the third highest category in terms of women’s share, and the share of women in home loans rose to 32% from 31% last year.
The portfolio of retail loans availed by women stood at Rs 26 Lakh Crore as of December 2022, increasing from Rs 20.7 Lakh Crore as of December 2021, registering a growth of 25%.
The report reveals that in 2022 for women borrowers, the average ticket size for all major retail loans has increased except for personal loans. For women, the average ticket size for personal loans has declined 17% to Rs 70,000.
As of December 2022, in value terms, Maharashtra is the top state with the highest credit exposure for female borrowers availing home loans, business loans, loans against property, auto loans, and consumer durables. Tamil Nadu is the top state for female borrowers availing personal loans, gold loans, education loans and two-wheeler loans. Andhra Pradesh tops in agri and tractor loans.
For all the latest business News Click Here
Denial of responsibility! TechAI is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
