‘Indian women prefer home loans more, average ticket size higher than that of men’

The common dwelling mortgage and auto mortgage ticket measurement of girls is larger when in comparison with their male counterparts, as per an evaluation by credit score data bureau CRIF High Mark.
As of December-end 2020, of the Rs 20.6-lakh crore dwelling mortgage market, 29 per cent was accounted for by ladies as in comparison with 16 per cent every within the case of private loans (market measurement of Rs 5.95-lakh crore) and auto loans (Rs 4.58-lakh crore), the CRIF examine mentioned. “Indian women are availing more credit in the form of home loans as compared to personal and auto loans.”
The common dwelling mortgage ticket measurement for ladies was larger at Rs 16.69 lakh in December 2020 (Rs 16.38 lakh as of December-end 2019) towards Rs 14.71 lakh (Rs 14.45 lakh a yr in the past) for males. “Size of home loans borrowed by women is 13 per cent higher than those borrowed by men, both having seen a growth of 2 per cent over the last year,” it mentioned.
The examine mentioned ladies debtors from southern states have larger credit score guide measurement as towards these in western and northern states. “The share of top 5 states in the personal loan portfolio outstanding for women has increased by 18 per cent over the previous year, while that for auto loans has reduced by 3 per cent and increased by 6 per cent for home loans as of December 2020.”
The guide measurement of dwelling loans availed by ladies in Karnataka has surpassed that of Tamil Nadu within the span of 1 yr. The prime 5 states with largest private loans portfolio excellent for male debtors are Maharashtra, Tamil Nadu, Karnataka, Uttar Pradesh and Telangana, as of December 2020, CRIF High Mark mentioned.

For auto loans, prime 5 states with largest portfolio excellent for male debtors are Maharashtra, Uttar Pradesh, Gujarat, Karnataka and Tamil Nadu.
The share of girls throughout the key mortgage sorts has not seen a big distinction within the quantity of loans disbursed within the three quarters of FY21 beneath the pandemic, though the share throughout all merchandise has elevated over pre-pandemic Q3 of FY20.