Wednesday, September 23, 2020

Home loan inquiries top last year’s level

The strict lockdown in the first quarter of the current fiscal resulted in creating pent-up demand for home and auto loans, which is finding expression now. As per TransUnion Cibil data, home loan inquiry volumes in July and Aug have recovered to exceed last year's levels but are still below Jan and Feb 2020. The revival is being led by PSBs, which were the first to restart.

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