Fresh RupeeRedee data (Jan–Jul 2025) shows a surprising trend: nearly 48% of personal loans are being used for lifestyle expenses like rent, shopping, and travel to home renovation and gifting.
📊 Breakdown of personal loan usage in India (2025):
47.8% → Lifestyle needs
20.4% → Medical emergencies
13.2% → Weddings & festivals
12.4% → Household expenses
6.3% → Education fees & coaching
💡 Average loan amounts:
Medical: ₹15,800 (can exceed ₹1 lakh)
Education: ₹16,800 (₹55k–₹75k range)
Weddings/Festivals: ₹15,300 (up to ₹90k–₹95k)
Household: ₹17,500 (up to ₹90k–₹95k)
👉 Watch this video till the end to know what this means for YOUR money and our key recommendation for borrowing smarter in 2025.