From education to entrepreneurship, Gen Z is embracing loans in record numbers. And despite popular concerns, this isn’t always a red flag. In fact, strategic borrowing is helping many young Indians build credit, invest in themselves, and manage modern-day costs.
Let’s explore what’s behind this shift—and how Vizzve Finance is helping Gen Z borrow smarter, not harder.
The Data: Gen Z’s Borrowing Surge
3X rise in personal loans among 22–28 age group since 2022
Credit card and BNPL (Buy Now, Pay Later) usage up by 42%
Surge in education, upskilling, gadget, and small business loans
Growing comfort with digital-first, instant-approval lending platforms like Vizzve
Why Is Gen Z Borrowing More?
1. Cost of Independence
With early moves to urban centers, Gen Z needs loans for rent, furniture, laptops, and more.
2. Upskilling and Education
Courses, certifications, and global programs often require flexible financing.
3. Side Hustles & Startups
Many are funding their freelance dreams or micro-businesses using short-term credit.
4. Lifestyle Costs & Inflation
Rising costs of living + delayed income stability = borrowing to bridge gaps.
Why It’s Not Always a Bad Thing
Builds a Credit Score Early
Responsible repayment gives Gen Z a solid financial foundation for future big-ticket loans.
Access to Better Opportunities
The right loan can fund a better job, skill, or income stream.
Better Than Dipping into Savings
A structured loan (with low interest and EMI flexibility) may be smarter than breaking fixed deposits or mutual funds.
How Vizzve Finance Empowers Smart Borrowing
Vizzve Finance is tailor-made for the digital-first, goal-oriented Gen Z. Here's how we help:
✔️ Instant loan approvals via app – no paperwork hassle
✔️ Flexible repayment options so EMIs don’t strain monthly budgets
✔️ Financial literacy tools to help plan and track borrowing
✔️ Emergency loans when life surprises you
We don’t just offer money—we guide responsible usage.
FAQs:
Q1: Isn’t taking a loan at 23 risky?
A: Not if it’s for productive use (education, career, or business) and within your repayment ability. Vizzve helps assess affordability.
Q2: What’s the best type of loan for Gen Z?
A: Personal loans with low interest, short-term repayment, or structured credit lines that match your earning pattern.
Q3: How can I ensure I don’t default?
A: Set auto-pay, budget your EMIs with our tools, and never borrow more than 30–40% of your monthly income.
Published on : 4th July
Published by : SMITA
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