Ak Singh
TF Ace
India's credit revolution is being driven by its young population, with a staggering 77 percent of the 119 million credit-monitoring consumers belonging to Gen Z and millennials. This is according to TransUnion CIBIL's August 2024 report, 'Empowering Financial Freedom: The Rise of Credit Self-Monitoring in India', which offers insights into the credit behaviour of self-monitoring consumers across the country. Self-monitoring consumers are those who have proactively checked their CIBIL score and report at least once with TransUnion CIBIL.
TransUnion CIBIL is one of the leading credit information agencies that maintains credit scores of borrowers and individuals across the country. While TransUnion CIBIL calls its ranking a CIBIL score, other credit bureaus also give out credit scores.
Young borrowers becoming more credit-aware
According to the report, there is a significant shift in credit behaviour among young borrowers, which includes Gen Z and millennials. “This early adoption indicates that these generations will play a pivotal role in shaping India's consumer credit landscape.
Source --
46% of those looked up their credit scores showed improvement in their ranking after checking: CIBIL report
TransUnion CIBIL is one of the leading credit information agencies that maintains credit scores of borrowers and individuals across the country. While TransUnion CIBIL calls its ranking a CIBIL score, other credit bureaus also give out credit scores.
Young borrowers becoming more credit-aware
According to the report, there is a significant shift in credit behaviour among young borrowers, which includes Gen Z and millennials. “This early adoption indicates that these generations will play a pivotal role in shaping India's consumer credit landscape.
Source --
46% of those looked up their credit scores showed improvement in their ranking after checking: CIBIL report
