Towards the end of the review period, many local consumers took out personal loans to cope with higher financial burdens. Malaysian banks have offered personal loans with more flexible repayment plans and more appealing terms when required.
The rapid launch of numerous personal lending solutions led to partnerships, such as Touch ‘n Go Digital and CIMB Bank’s GOpinjam personal loan option, SLoan by Shopee, TNGeWallet (also GOpinjam)and Big Pay. SLoan by Shopee, for example, is a personal loan product with an 18% annual interest.
The continuous decline in the mortgage demand index during Q1 and Q2 2023, informed by the rise in the Overnight Policy Rate (OPR) by Central Bank of Malaysia, impacted repayment amounts for mortgages taken on by consumers. Malaysia’s OPR was again revised, up by 0.
Buy Now Pay Later (BNPL) is a key and emerging trend in consumer credit in Malaysia. The gradual increase in the number of BNPL players and services challenges the growth potential of personal loans.
Bank Negara Malaysia (Central Bank of Malaysia)’s Overnight Policy Rate (OPR) increases in July and September 2022 suggested the extent of the bank’s concern regarding consumer credit. The OPR revisions had a direct impact on the Base Lending Rate (BLR).
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Understand the latest market trends and future growth opportunities for the Consumer Lending 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 Lending 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 Lending
Aggregate of Consumer Credit and Mortgages/Housing. Gross Lending: The total value of loans advanced by institutions in a given year; data refers to single year only. Outstanding Balance: The collective amount owed by borrowers at the end of a given year; data refers to the cumulative impact of debt.
See All of Our DefinitionsThis report originates from Passport, our Consumer Lending research and analysis database.
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