Loans against property: Now, these borrowers shock the system
Loans against property witnessed a significant increase in serious delinquency rates, growing by 65 basis points (bps) to 3.04%, in Q2 2018, over the same period last year, said a report by TransUnion CIBIL. Delinquency rates rose modestly for home loans and credit cards and continued to decline for auto loans, personal loans and two-wheeler loans.
Loans against property witnessed a significant increase in serious delinquency rates, growing by 65 basis points (bps) to 3.04%, in Q2 2018. Image source: AFP