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Women Avail Higher EMI Amount; Spend More on Education - ZestMoney | ||
Bengaluru, Karnataka, India The popular perception would be that women spend more on vanity, and men spend cautiously on necessities. However, a new survey by ZestMoney has revealed that on an average, over 20% of loan amounts taken by women were for education, whereas in comparison, the same percentage for men was 6%. The research also found that average loan amount for Women is 35% higher than men. In 2019, average amount of EMI Financing taken by women is around INR 20,000, whereas for men the amounts is INR 15,000.
Men-women Survey Data
The survey also looked at other segments such as ecommerce and healthcare. The maximum loan taken by men is for ecommerce purposes - they avail 83.4 percent as compared to women who take 68.4 percent.
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