Younger Borrowers Lead Credit Growth but Show Higher Delinquency, Report Finds

A CRIF High Mark report highlights that borrowers aged 30 and below are driving new credit growth in India, particularly in unsecured loans like personal and auto loans. While this younger segment shows rapid loan uptake, they also exhibit higher delinquency rates compared to older groups. Borrowers aged 31-40 hold the largest share of outstanding loan balances, forming the core of lenders' portfolios. Geographically, Uttar Pradesh and Maharashtra have the highest concentration of under-30 borrowers.