Paisabazaar's report highlights a preference for lending to salaried individuals over the self-employed. The study shows increased comfort with credit among younger Indians and a rise in credit awareness.
Women exhibit higher interest in home loans, likely due to preferential rates and incentives. The report also reveals that 64% of consumers acquire their first credit product before age 30.
However, self-employed individuals face challenges in credit access due to irregular income. Salaried individuals generally have better credit profiles, and older consumers demonstrate adeptness in credit management.