Bank Negara Malaysia (Central Bank of Malaysia) announced upwards revisions of its OPR in July and September 2022. The short span of two months between revisions suggested the extent of the bank’s concern regarding consumer credit.
The ongoing economic uncertainty in Malaysia may stimulate more personal loans. In 2021 and 2022, many local consumers used personal loans when faced with unplanned expenses or a personal financial emergency.
Buy Now Pay Later (BNPL) is a key and emerging trend in consumer credit in Malaysia. In this vein, the gradual increase in the number of Buy Now Pay Later (BNPL) players and services and facilities creates a new competitive force in opposition to consumer credit, dampening the growth potential in personal loans.
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Understand the latest market trends and future growth opportunities for the Consumer Credit industry in Malaysia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Consumer Credit industry in Malaysia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Consumer Credit
Non-mortgage consumer debt extended to individuals for personal or household use including installment loans and credit cards. Examples of consumer credit include auto lending, card lending, durables lending, education lending, home lending and other personal loans. Consumer credit includes both revolving and non-revolving credit.
See All of Our DefinitionsThis report originates from Passport, our Consumer Credit research and analysis database.
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