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Economy News

The Economic Times

Economy / The Economic Times

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Consumer loans hit a record in Q1 amid steep rise in electronic goods prices

Consumer financing reached new highs in the June quarter. This surge was fueled by greater financing of electronics and rising prices. Banks and NBFCs saw significant growth in consumer durable loans. Financing now accounts for a larger share of smartphone sales. Extended financing tenures help keep monthly installments affordable for consumers.

8 Jul 2026 12:47 am