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Secured loans may help you tackle tighter credit norms, say experts

Presence of collateral allows lenders to relax their criteria while sanctioning of these loans

Topics
Bank loans | loans | Bank credit

Sanjay Kumar Singh  |  Mumbai 



bank, credit, growth, loans, funding, capital, cash, m&a, payment
“The stress is especially high in personal loans given to business owners,” says Arun Ramamurthy, a Mumbai-based expert on improving borrowers’ credit scores

The financial distress suffered by retail borrowers during the pandemic is now getting reflected in higher stress in banks’ loan books. According to the data presented by the finance ministry in reply to a question in the Lok Sabha, several banks have seen their stressed retail advances (as a percentage of total retail advances) rise between March and December. Within the retail portfolio, unsecured are seeing higher stress.

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First Published: Fri, March 19 2021. 06:10 IST

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