Post
BFSI, Investments & Trading
8mo
naamnahisunahoga
·
A Financial Analyst
Are loans becoming India's future?
CarDekho has launched Rupyy that will give people loans under Rs.40,000. Is this a sign that Indians (who were much averse to loans/credit) are becoming more and more open to loans? Don't know if that's a good thing or a bad thing. What do you guys think?
exoticmagpie
8mo
Hey, Here's how I see it: Digital lending makes everything faster and smoother.🤷‍♂️
gurugrind
8mo
An Assistant Manager
I think it will be a lot of help for lower-middle class and middle-class individuals for emergency purposes like a medical emergency or unexpected shortage of funds during weddings and child birth. But, don't think such an opportunity should be wasted on shopping recklessly which is a problem on the rise.
chaturchartwala
8mo
student at
Indian Institute of Technology (IIT), Kharagpur
Don't see how this would be vastly different from a credit card.
hukumamatata
8mo
works at
Yes! Loans are becoming more common but that's not necessarily a bad thing for India.