TransUnion CIBIL's Bhavesh Jain says borrow to match monthly cash flows
In short
Bhavesh Jain, MD and CEO of TransUnion CIBIL, said people should choose credit based on the purpose, the amount they need and how they can repay it in time.
He said monthly cash flow should be part of the decision. That matters for borrowers trying to avoid repayment problems.
What the reporting says
Bhavesh Jain, MD and CEO of TransUnion CIBIL, said borrowing should depend on the purpose, the amount needed and the borrower's ability to repay within a defined period. He urged borrowers to keep monthly cash flows in mind while choosing credit. The guidance is aimed at helping borrowers avoid repayment stress when taking loans.
Why it matters
Bhavesh Jain, MD and CEO of TransUnion CIBIL, advised borrowers to base credit choices on the purpose of borrowing, the amount required and the ability to repay within a defined period. He said monthly cash flows should be kept in mind when selecting credit. The comment is aimed at borrowers and lenders watching repayment discipline and loan planning.