Millennial travellers driving boom in personal loans, says report
Updated : May 03, 2019 11:25:54 IST
A majority of the borrowers opt for countries that offer a visa on arrivals, such as Thailand, Dubai, Sri Lanka, Indonesia, Nepal, Maldives, and Bhutan, said IndiaLends.
Such travel plans are a result of long weekends and last-minute planning which requires quick accessible finances, enough to be as a safety cushion that enhances the full experience of the destination.
Many of these young salaried individuals, instead of approaching a traditional bank, are turning towards digital lending space. These startup lenders have enabled easier access to loans, even to new-to-credit salaried individuals with zero credit history.
Published : May 03, 2019 11:24 AM IST