Surge on job application from women from tier II, III cities in last 4 years, says report

Women have outpaced men when it comes to growth in active borrowers in 2024, a report by a credit information company said on Thursday.

In the report which comes ahead of International Women's Day, CRIF High Mark said women also outperformed men in asset quality by being better repayers of loan commitments.

The number of women borrowers with active loans grew 10.8% to 8.3 crore as of December, which was higher than the 6.5% growth for men, the report said.

"Women continue to outperform men, demonstrating better borrowing behavior with lower PAR 91-180 DPD (days past due) across most products, except for Gold Loans, Two-Wheeler loans," the report said.

The report said "notable improvements" were observed in women's behaviour in Home Loans, Business Loans, Agri & Tractor Loans, Property Loans, and Education Loans in the year to December 2024.

Women also showed improvements in Consumer Durable Loan, unlike men.

The state-run lenders showed higher comforts in lending to women in 2024, it said.

The outstanding portfolio of women borrowers grew 18% to ₹36.5 Lakh Crore at the end of 2024, while their share in the number of borrowers remained stable at about 24%.

Younger women borrowers (less than or equal to 35 years) represent the highest share in originations volume, it said, adding that this is true despite the marginal decline in women's share in loan originations to 43.8% from 44.3% in CY 2022.

From a state's perspective, Maharashtra loans, loan growth, asset quality, home loans, business loans, it said.