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Country Report

Malaysia Flag Consumer Lending in Malaysia

| Pages: 12

Price: US$2,100

About this Report

EXECUTIVE SUMMARY

Consumer lending sees single-digit growth

During 2015 consumer lending remained upbeat with demand growing despite the weaker economic conditions within Malaysia. This growth came mainly from lower-middle income Malaysians that were investing in their first house, property or car. These consumers needed to borrow money in order to finance their purchases, since these were usually too large for them to make the payment in full. Some consumers even needed the money to finance the legal paperwork and advisory during the lending application.

Durables lending the most dynamic category within consumer lending

In gross lending terms, durables lending saw the most dynamic current value growth in consumer lending in 2015 of 14%. Consumers needed these loans to pay for their premium purchases, such as advanced electronic gadgets or home appliances. The younger generation likes to enjoy a more luxury lifestyle, even if it exceeds their spending capability. Some retailers came out with attractive lending packages such as 0% interest instalments for that particular purchase, or the provision of extended warrantees of up to three to five years, in order to encourage further sales.

Local banks offering improved consumer lending packages

To stand out amongst the many choices of consumer lending products being offered by the various banks, local banks came up with different strategies to increase their value shares within consumer lending. For instance, the leading local banks offered more attractive product criteria, lower interest rates and longer repayment terms and even offered freebies in order to compete with other local and international players. Local banks also urged their staff to offer extra consumer lending packages to their existing customers, as well as offering refinancing on their property in order to cash out some of the equity.

Trend of finance purchases through consumer lending

Although the newly implemented goods and services tax (GST) has impacted everyday purchases, ongoing economic reforms spearheaded by the government still boosted consumer lending in Malaysia. Furthermore, the favourable macroeconomic conditions will likely transform into positive consumer sentiment, which should encourage investment in gadgets, durables, higher education, businesses, houses, cars, etc. As such, banks are investing in growing their consumer loan businesses in order to increase their profits.

Interest rates likely to be the key concern over the forecast period

During 2015 interest rates in Malaysia were slightly higher compared with previous year. The base lending rate (BLR) of 6.6% is no longer applicable. Therefore, consumers are more cautions when purchasing a house or shop, for example. Even when signing a consumer lending agreement, Malaysian’s will study the details in order to avoid taking on an instalment plan that is beyond their capability to pay back. Since becoming more educated consumers now compare the best interest rates they can get before signing an agreement.

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Overview

Discover the latest market trends and uncover sources of future market growth for the Consumer Lending industry in Malaysia with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Consumer Lending industry in Malaysia, our research will save you time and money while empowering you to make informed, profitable decisions.

The Consumer Lending in Malaysia market research report includes:

  • Analysis of key supply-side and demand trends
  • Historic volumes and values
  • Five year forecasts of market trends and market growth  
  • Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

  • What is the market size of Consumer Lending in Malaysia?
  • What are the major trends set to impact the market in Malaysia?
  • What capacity for consumer debt still exists in the market?
  • What’s the state of credit quality in the market?
  • Has the economic downturn reset the lender competitive landscape?

Why buy this report?

  • Gain competitive intelligence about market leaders
  • Track key industry trends, opportunities and threats
  • Inform your marketing, brand, strategy and market development, sales and supply functions

Euromonitor’s industry reports, including Consumer Lending in Malaysia, originate from our database within our Consumer Finance market share and market size database, Passport, a platform which analyses Consumer Finance in 46 countries and globally.

Table of Contents

Consumer Lending in Malaysia - Industry Overview

EXECUTIVE SUMMARY

Consumer lending sees single-digit growth

Durables lending the most dynamic category within consumer lending

Local banks offering improved consumer lending packages

Trend of finance purchases through consumer lending

Interest rates likely to be the key concern over the forecast period

KEY TRENDS AND DEVELOPMENTS

Malaysian ringgit sees worst slump since 1997 financial crisis

Card lending and mortgages/housing lending are the key drivers within consumer lending

Increased consumer sophistication boosts durables lending

MARKET DATA

  • Table 1 Consumer Lending: Outstanding Balance by Category: Value 2010-2015
  • Table 2 Consumer Lending: Outstanding Balance by Category: % Value Growth 2010-2015
  • Table 3 Consumer Lending: Gross Lending by Category: Value 2010-2015
  • Table 4 Consumer Lending: Gross Lending by Category: % Value Growth 2010-2015
  • Table 5 Consumer Lending: Non-performing vs Other Loans Outstanding Balance: % Value 2010-2015
  • Table 6 Mortgages/Housing: Non-performing vs Other Loans Outstanding Balance: % Value 2010-2015
  • Table 7 Consumer Credit: Non-performing vs Other Loans Outstanding Balance: % Value 2010-2015
  • Table 8 Card Lending: Non-performing vs Other Loans Outstanding Balance: % Value 2010-2015
  • Table 9 Forecast Consumer Lending: Outstanding Balance by Category: Value 2015-2020
  • Table 10 Forecast Consumer Lending: Outstanding Balance by Category: % Value Growth 2015-2020
  • Table 11 Forecast Consumer Lending: Gross Lending by Category: Value 2015-2020
  • Table 12 Forecast Consumer Lending: Gross Lending by Category: % Value Growth 2015-2020

SOURCES

  • Summary 1 Research Sources

Consumer Credit in Malaysia - Category Analysis

HEADLINES

TRENDS

COMPETITIVE LANDSCAPE

PROSPECTS

CATEGORY DATA

  • Table 13 Consumer Credit: Outstanding Balance by Category: Value 2010-2015
  • Table 14 Consumer Credit: Outstanding Balance by Category: % Value Growth 2010-2015
  • Table 15 Consumer Credit: Gross Lending by Category: Value 2010-2015
  • Table 16 Consumer Credit: Gross Lending by Category: % Value Growth 2010-2015
  • Table 17 Forecast Consumer Credit: Outstanding Balance by Category: Value 2015-2020
  • Table 18 Forecast Consumer Credit: Outstanding Balance by Category: % Value Growth 2015-2020
  • Table 19 Forecast Consumer Credit: Gross Lending by Category: Value 2015-2020
  • Table 20 Forecast Consumer Credit: Gross Lending by Category: % Value Growth 2015-2020

Segmentation

This market research report includes the following:

  • Consumer Finance
    • Consumer Lending
      • Consumer Credit
        • Card Lending
        • Auto Lending
        • Durables Lending
        • Education Lending
        • Home Lending
        • Other Personal Lending
      • Mortgages/Housing

Statistics Included

For each category and subcategory you will receive the following data in Excel format:

From Passport

  • Market Sizes
  • Consumer Credit by Type
  • Non-performing vs Others loans
  • Other Personal Lending by Type

Market size details:

  • Outstanding balance % growth
  • Outstanding balance local currency, USD, EUR, GBP, CHF, JPY
  • Outstanding balance per capita local currency, USD, EUR, GBP, CHF, JPY
  • Gross lending % growth
  • Gross lending local currency, USD, EUR, GBP, CHF, JPY
  • Gross lending per capita local currency, USD, EUR, GBP, CHF, JPY

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