Why Borrowers Are Struggling To Repay Personal Loans Under Rs 10,000 In India?

Small personal loans under Rs 10,000 have witnessed higher default rates compared to larger loans, with the peak delinquencies occurring among borrowers who took loans between December 2023 and June 2024. These defaults have been more prevalent among first-time borrowers, particularly those outside India's top 100 cities. Read more at: https://www.goodreturns.in/personal-finance/why-borrowers-are-struggling-to-repay-personal-loans-under-rs-10-000-in-india-1408035.html