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What kind of a loan are you availing for festive shopping?
"The demand for personal loans and short-term loans will peak during the festival season, especially around Diwali. Credit demand is currently at an all-time high, with credit card outstanding amounts increasing from Rs 90,000 pre-Covid to Rs 2 lakh. The average ticket size for personal loans ranges from Rs 14,000 for buy now pay later (BNPL) purchases to Rs 1.3 lakh for planned expenses like holidays. "
