In the city, credit cards (34%) and personal loans (21%) are the most availed form of credit. These figures are the higher than pan-India averages for Credit cards (18%) and personal loans (16%).
The state of Gujarat has 52% credit applicants who are less than 35 years of age as compared to the national average of 49%. However, Maharashtra has the highest percentage (63%) of people below the 35-year-category who have applied for credit.
According to the CIBIL, about 80% of the borrowers in Ahmedabad have a CIBIL TransUnion Score greater than 700, indicating that these borrowers have a higher chance of getting their loan and credit card applications approved by banks.