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Gen Z’s Share In Credit Mkt Widening

Gen Z’s Share In Credit Mkt Widening

Gen Z’s Share In Credit Mkt Widening
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27 March 2025 6:31 AM IST

Mumbai: Gen Z is emerging as a major segment in India’s credit market, with 41 per cent of first-time borrowers belonging to this young generation, a new report said on Wednesday. A TransUnion CIBIL’s report showed that the lenders are actively reaching out to new borrowers, especially in rural areas and among women, to promote financial inclusion.

The report highlights that more women are entering the formal credit system, with their share in first-time loan originations at 37 per cent, higher than the 27 per cent recorded among existing borrowers.

Rural areas are also witnessing an increase in credit participation, with 32 per cent of first-time borrowers coming from these regions. Lenders are encouraging first-time borrowers to build a strong credit history.

Gen Z Credit Market First-Time Borrowers Financial Inclusion Women in Credit System Rural Credit Growth 
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