Unsecured lending categories grew at 31.3% in 2018, says CIBIL report

All major consumer lending products experienced double-digit percentage growth

Unsecured lending categories like credit card loans, personal loans and consumer durable loans grew at 31.3 per cent in the fourth quarter of calendar year 2018 (Q4CY18), while secured lending — loan against property, auto loans and home loans — experienced a moderation in growth in the same period, according to a TransUnion CIBIL report on credit trends.

In Q4CY18, loan against property, auto loans, and home loans grew 21.8 per cent, 17.4 per cent and 17.1 per cent, respectively. According to industry experts, the smaller base of unsecured lending helps it post a better growth rate, in percentage terms, than