A Bajaj Finserv Personal Loan At Low Interest Rate

Personal loans now account for nearly 28% of overall bank credit in India. Thanks to such growth figures, they are among the fastest-growing modes of short-term financing in India.

• The number of personal loan accounts with traditional lending institutions increased by a little over 17% year-on-year during FY 2019-20.
• Nearly 63.5% of all of these sanctioned credits originated in metropolitan areas.