The GST rate rationalisation has boosted demand for retail credit, but the younger cohort seems to be cautious on borrowings, a leading credit information company said on Monday. Delinquencies in micro-loans against property and the two-wheeler loan segment have risen during the three months ended September, TransUnion CIBIL said. “Retail demand has seen a boost post implementation of GST 2.0, particularly in the vehicles and consumer durable loan segments,” it said in a quarterly report.
Going by enquiry volumes, the share of those aged between 26-35 accounted for 38 per cent of the loans as against 40 per cent in Q2 in the last two fiscal years, it said. Those aged less than 25 years have also seen lesser demand for credit during the quarter, it said, adding that enquiries from this segment slipped to 19 per cent in Q2FY26 from 20 per cent in the year-ago period.