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* The HIB survey shows a sharp decline in household borrowing to 4% in 2021 viz- à -viz 85% in 2020, indicating a transition from need-based borrowing to desire-based borrowing * Sharp uptick in borrowing needs for business requirements or set-up, house renovation, consumer durables purchase in the post pandemic era * Nearly 40% borrowers led by millennials, willing to jump the online loan journey mode versus traditional offline channels for future borrowings * Borrowing ...
Home Credit’s How India Borrows 2021 Survey shows the Revival of Positive Consumer Borrowing
In an attempt to provide aid to the underprivileged section of the society, Home Credit India pledges to lend support to the impacted communities. Home Credit India, a local arm of the international consumer finance provider with operations spanning over Europe and Asia, has partnered with Don Bosco Network and Earth Saviours Foundation to ignite the ray of hope as the company is providing medical & hygiene kits to around 10,000 affected people. The beneficiaries include slum dwelle...
Home Credit India supports underprivileged affected by Covid-19
Home Credit India is supporting its employees with a slew of financial and medical assistance measures which ensures safeguarding the life of employees and their families. Home Credit India has set up a Covid task force comprising proactive and willing employees who go that extra mile to help other colleagues. The task forces help in a range of activities, from creating awareness regarding plasma donation, providing vehicle assistance in case of emergency. Home Credit has also put toget...
Home Credit initiatives to support employees during Covid-19
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