Business StandardCenter·
Average loan size for PVs rises 49% to ₹8.2 lakh in 7 years: Report
The average passenger vehicle loan amount rose 49 per cent to Rs 8.2 lakh in the first half of 2026 from the corresponding period in 2019, while the average repayment tenure rose by five months to 62 months, suggesting rising car prices and consumer aspirations, a TransUnion CIBIL report said on Tuesday. According to the report, 'Shifting Gears 2026- Credit Drives Today's Mobility', premiumisation, driven by demand for SUVs and feature-rich cars, was extending beyond metropolitan cities, with 5…
Read at Business Standard →
