Default Interest Rate in Small Loans Now is Lowest
Delivery Power and Energy

Default Interest Rate in Small Loans Now is Lowest

“From a consumer perspective, it’s immensely important that borrowers understand the importance of continuing to make on-time payments,” said Yogendra Singh, vice president of Research and Consulting for TransUnion Cibil. “These emerging consumers are beginning to play a larger role in the Indian economy, and their ability to access and successfully manage credit will be critical to the future growth and health of the economy.”In the absence of demand from large corporate borrowers and also concerns of the assets turning bad, lenders have banked on retail loans to boost growth. (Text from Gayatri Nayak)

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Default Interest Rate in Small Loans Now is Lowest
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