Consumer Credit

April 2019 saw the worst period for passenger car sales in New Delhi for eight years, as many consumers chose to postpone their car purchases given political uncertainty. With general election results upcoming, it is common for consumers to hold back...

Consumer credit continued to record strong growth in outstanding balance and gross lending in 2019, albeit partially in line with inflation, with particular dynamism in early 2019. Players will continue to invest in marketing and promotions to ...

Card lending remains a popular type of lending for consumers in the United Arab Emirates as banks develop stronger partnerships across various service providers in retail and other services to offer cashback and discounts on transactions. For ...

Over the forecast period, consumer credit in Vietnam is expected to continue growing strongly. Consumers will continue to take out loans for purchasing automobiles and durables in particular. Rapid urbanisation and increasing numbers of Vietnamese ...

Recent years have seen the Israeli financial authorities increasingly focused on regulation as consumer credit outstanding balance has increased significantly. This is mainly in response to increasingly widespread concerns about the ability of ...

Other personal loans have surged in popularity, registering the fastest current value growth in 2019. The major drivers for the strong growth of other personal loans are the rise in consumption, favourable demographics, and wide and easy ...

Card lending is set to be the fastest-growing area of consumer lending in terms of both outstanding balance and gross lending over the forecast period. Japan remains a cash-heavy society in which debt has historically been considered shameful. ...

Due to the government regulation on mortgages and economic slowdown, the growth rate of household debt in South Korea is slowing. As the major portion of household debt is from mortgages, the government regulation to reduce the LTV (loan to value ...

Interest rates for consumer credit continue to fall in Morocco, such that several banks are sharply competing with financial institutions. For example, the latter aim to provide the best offer to customers, gathering multiple advantages in the same ...

Consumer credit, both card and non-card lending, saw a continued positive dynamic in 2019. This was despite attempts to control lending expansion through a tighter debt-to-income ratio. The first part of 2019 saw greater uncertainty with all the ...

In 2019, consumer credit gross lending is seeing a small dip in current value terms, after three years of dynamic growth. Meanwhile, outstanding balance continues to see strong, if slower, current value growth, compared with 2018. As the authorities ...

After a slight slowdown in 2018, outstanding balance for card lending regained the number one spot as the fastest growing category within consumer credit. An increase in younger borrowers entering the credit market has coincided with a spike in ...

Despite continuing to post double-digit current value growth in 2019, the rate of growth recorded by consumer credit gross lending slowed for the second consecutive year following hikes in the interest rate in 2018 due to high inflation and the ...

Due to the high interest rates in the country, it is becoming more expensive to finance credit cards for Argentinian consumers, making it more convenient to request a personal loan to pay the total amount owed on the credit card instead of trying to ...

Auto lending was the fastest-growing consumer credit category in 2019. Auto lending is performing well because economic growth is leading to increasing car purchases. In addition, the rise in private leasing did not have a negative effect on auto ...

Education lending has potential for growth in Malaysia. Urban families are opting for smaller family units due to the rising costs of bringing up children. With smaller families, parents have more leeway in terms of discretionary spending, which ...

The Bank of Thailand is working to control the country’s elevated level of household debt. It is possible that the central banks may introduce new measures to control auto loans, having found several marketing campaigns promoting eased criteria for ...

Saudization continues to have an influence over numerous economic sectors in the Kingdom as the government seeks to diversify its income streams and reduce its reliance on oil and gas exports. This has led to numerous expats leaving the country, ...

The video authentication lending process is a new end-to-end sales channel, and consumers are enjoying the benefits of the paperless revolution. Due to the regulatory changes in the contracting process effective as of 2019, clients may receive a ...

Historically, Singapore was used to enjoying low bank lending rates for almost a decade at close to 1%. However, in the recent years, increasing interest rates movements in the US has affected Singapore Interbank Offered Rate (SIBOR) which led to a ...