‘Second wave sees loans for millennials rising 20%’
The Hindu
Chennai women top list: Smartcoin
About 20% more millennials borrowed to meet COVID-19 related emergency healthcare expenses and other financial commitments during April compared with a year earlier, according to Smartcoin Financials, which analysed data generated by its lending app. Millennials — those in the age group of 25-40 years — are on average taking loans of ₹6,000 and the loan demand has peaked exponentially in small towns and rural regions in the wake of the second wave of COVID-19. Demand for loans had surged in tier 2, 3 and 4 cities during the first wave as well.
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