Demand for loans up 150% since 2010: CIBIL

Posted By: Religare
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CIBIL, a credit information agency, has said that the demand for loans for various products including home and auto loans from banks and other financial institutions in India has shown a sharp increase of 150 per cent since 2010, said a PTI news report.

According to Harshala Chandorkar, Senior Vice President, Credit Information Bureau India Ltd (CIBIL), the spurt in loan-seeking showed an increased demand for credit and a bounce back by lending institutions in disbursals after the 2008 downturn.

Speaking in a press meet, Chandorkar said, CIBIL has 930 credit institutions as its members and maintained information on over 290 million consumer trades and 14 million commercial.

Dion Global Solutions Ltd.

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