Pawan Sinha, a 33-year-old Delhi-based content manager, has been saving INR7,000 every month for the last 11 months so that he can take a summer trip to Singapore. In the era of instant gratification, this makes Sinha a man of grandfatherly financial habits. Did that comparison offend you? Too bad. You will never be a millennial. Living in the moment. Traveling the world – not in some rosy, trumped-up future, but now. Checking the bank passbook?
Business News›Prime›Fintech + BFSI›Yay! India’s travel-loan boom is turning wishes into horses. Until it’s time for payback.
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Yay! India’s travel-loan boom is turning wishes into horses. Until it’s time for payback.
Synopsis
Over the past 24 months, personal loans taken to fund travel are on a tear. While the lending industry sees this a low-risk, profitable segment, are we staring at a credit bubble?
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