India, Oct. 23 -- There are a lot of changes in the way people use credit cards in India. They have started using various borrowing options to manage daily expenses. Credit cards are mainly used for short-term credit, whereas personal loans are used for planned as well as unplanned expenses. Recent data shows that consumers are now exploring different forms of unsecured credit.

Personal loan growth moderated at 12.9% year on year at the end of March 2026. This shows how the retail borrowing is changing in India. These developments underline the importance of understanding consumer credit trends and managing debt responsibly.

There has been a rise in credit card usage for online shopping, travel bookings, groceries and dining expenses. M...