GST boosts retail loans, but young borrowers nervous: Cibil

• GST rate rationalization has boosted demand for retail credit, particularly in vehicle and consumer durable loans.
• Younger borrowers (under 35) are showing caution, with their share in loan enquiries decreasing.
• Delinquencies rose in micro-loans against property (up 0.45% to 3.3%) and two-wheeler loans (up 0.22% to 2.2%).
• The share of older borrowers (36-55) in credit demand increased during the September quarter.
• Growth in credit-active consumers slowed to 9% in September 2025, partly due to lenders preferring existing customers.

Why It Matters: It highlights shifting credit demand and rising loan risks post-GST.