Home, auto loan inquiry back to 2019 level, yet to reach pre-Covid mark

In home loans, inquiry volumes were at 112 per cent of July-August 2019 levels

Driven by pent-up demand, the inquiry volumes for home and auto loans in India during July-August 2020 are back to 2019 levels in the corresponding period, according to CIBIL.

In the home loans, inquiry volumes were at 112 per cent of July-August 2019 levels, in loan against properties (LAP) 90 per cent of Jul-Aug 2019 level, and 88 per cent for auto loans.

As the economy reopens, we are seeing a rebound in the retail credit demand. The growth in both the real estate and auto sectors is expected to remain sluggish. It will be important to observe how the