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Women borrowers account for large chunk of gold, education and home loans



Mumbai: Among retail loan categories, the share of women borrowers is highest for gold and education loans, while it is the least for two-wheeler loans. Overall in retail loans, the share of female borrowers (by value) has risen from 25.3% as of December 2021 to 26% as of December 2022.
According to credit bureau CRIF High Mark’s report, 42% of gold loans is taken by women. This is understandable, given that the security used in the case of gold loans is primarily women’s jewellery. Women are also borrowing more for education, with 35% of education loans (in value terms) being taken by women. The share went up from 34% in 2021.
Home loans are the third highest category in terms of women’s share, and the share of women in home loans rose to 32% from 31% last year.
The portfolio of retail loans availed by women stood at Rs 26 Lakh Crore as of December 2022, increasing from Rs 20.7 Lakh Crore as of December 2021, registering a growth of 25%.
The report reveals that in 2022 for women borrowers, the average ticket size for all major retail loans has increased except for personal loans. For women, the average ticket size for personal loans has declined 17% to Rs 70,000.
As of December 2022, in value terms, Maharashtra is the top state with the highest credit exposure for female borrowers availing home loans, business loans, loans against property, auto loans, and consumer durables. Tamil Nadu is the top state for female borrowers availing personal loans, gold loans, education loans and two-wheeler loans. Andhra Pradesh tops in agri and tractor loans.


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