Loans are the Secret of Indians Lifestyle: Survey
Around half of Indians surveyed are open to taking loans especially for fulfilling family needs and upgrading their lifestyle, a report said on Thursday.
The survey commissioned by Home Credit India, a consumer finance provider, revealed that nearly one-third of respondents are willing to take a loan for a consumer durable item such as mobile phone, television, and refrigerator etc.
The other popular loan categories are two-wheelers (23.3 percent) and personal expenses (20.3 percent), the survey said.
This is followed by car purchase (12.5 percent), house (12 percent) and gold (10.5 percent), it said.
When asked about the future, 33 percent of respondents are likely to take it for consumer durables while personal loans are the next high interest segment at 28 percent followed b...