Women availed bigger home loans in FY21: report
Sharp fall in lending rates has enabled borrowers to take bigger loans at the same salary level
Indian women availed themselves of bigger home loans in FY21 amid the pandemic, according to a report titled Home Loan Refinancing in 2021 by BankBazaar.com, an online marketplace for financial products. The report says the average ticket size among female borrowers saw an increase of 7.4% in FY21. This increase can be an outcome of the pandemic; the changing work culture necessitated an increase in space and privacy, especially in homes where both partners work, leading to a preference for bigger houses, said the report.