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Fly now, pay later: The rise of travel loans | Breaking Travel News

A recent study by IndiaLends found that 85% of individuals who applied for loans of Rs 30,000 to Rs 2.50 lakh were for travel purposes by millennials. The study was conducted ahead of World Tourism Day on September 27 and covered both salaried and self-employed Indians across 6 major cities — Mumbai, New Delhi, Bengaluru, Hyderabad, Chennai, and Kolkata. Out of the total loan applications received from this demographic group, also known as Generation Y, in the last one year, 19% were for trav...
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