Rise in Holiday Loans as Wanderlust Soars

A significant surge in holiday loans has been observed recently, as more people in India fulfill their wanderlust and travel dreams through credit. Traditionally, personal loans were mainly associated with essential expenses like medical emergencies, education, or home renovations. However, there's a notable shift among the Indian youth who are now accessing credit to support their travel aspirations. According to data from financial platform Paisabazaar, there has been a considerable increase in the demand for personal loans specifically aimed at funding vacations and travel-related experiences. In the first quarter of the fiscal...