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Home loan asset quality to be better than personal loans: Report

by Economic Times
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“Asset quality will likely be impacted most for personal loans and credit cards with home loans and auto loans experiencing less of a shift” said a report by credit bureau Transunion Cibil. Based on a historical analysis of consumer payment hierarchy, the TransUnion CIBIL research observed that when norrowers face financial distress, they pay mortgages first, then personal loans, and cards are the last product to be prioritized in terms of payment obligations relative to those other products.

This Home loan asset quality to be better than personal loans: Report was originally published on https://economictimes.indiatimes.com/industry/banking/finance/banking/home-loan-asset-quality-to-be-better-than-personal-loans-report/articleshow/76324432.cms

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