How millennials can reduce lifestyle borrowing3 min read 19 Mar 2019, 07:00 AM IST
Easy access to credit is making millennials borrow more. Evaluate the rates and loan repayment capacity and ensure that you don’t fall into a debt trap
Short-term loans are opted more by millennials who recently entered the workforce and started earning
EMI financing and medical expenses are the top reasons why salaried millennials availed loans in 2018, according to a report by CASHe, an online digital lending company for working professionals. The company, which gives out instant personal loans, surveyed the buying and borrowing behaviour of about 100,000 active customers on its platform.
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