Indian Weddings: Rising Costs and High-Interest Loans
Indian Weddings: Rising Costs and High-Interest Loans In India, spending on weddings is on the rise, leading to higher interest rates for wedding loans, typically ranging from 10% to 36% per year, according to Jefferies. This shift presents challenges, especially for young adults aged 20-30, who accounted for 20% of wedding loan applications in 2018-2019….