Credit & Loans Market Research Reports & Industry Analysis
When a creditor is choosing whether to approve a loan, he or she may consider the applicant’s credit score. A credit score is a number which is based on credit report information. This credit score speaks to the creditworthiness of an applicant. An applicant’s credit score may decide if the loan is approved. Also, it may help determine the interest rate and the amount or credit limit of the loan.
A loan is typically an amount of money which is borrowed with a contractual agreement to repay the money at a later date. Most often, loans are paid back in installments over a course of time. Loans often have interest, which is based on the principal, or amount of money borrowed. This interest is most often a percentage which is known as an interest rate.
The two most common types of loans are secured and unsecured loans. A secured loan involves collateral. Collateral is an asset which may be seized by the lender if the borrower does not meet the terms of the agreement and repay the loan. An example of a secured loan is a mortgage. An unsecured loan does not involve collateral or is not secured against the borrower’s assets. A few examples of an unsecured loan are credit cards or bank overdrafts.
Credit & Loans Industry Research & Market Reports
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Consumer Credit in Taiwan
... and digital wallet operators remains relatively minor, the potential for growth in this sector is significant. In 2023, all three pure digital banks have taken the initiative to launch loan and insurance services, marking a ... Read More
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Consumer Lending in Norway
... were boosted by the shift back to normal lifestyles post-pandemic, with credit sought out to fuel travel, new cars and other expenses. There was a steep increase in credit card usage and also an increase ... Read More
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Consumer Lending in Turkey
... and foreign exchange rates have made consumers more reliant on lending solutions. Consumers are seeking ways to offset the impact of escalating costs. The challenging situation has created greater opportunities for individuals to exploit their ... Read More
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Consumer Lending in Vietnam
... Circular No. 06/2023/TT-NHNN on 28 June 2023, amending and supplementing certain provisions of Circular No. 39/2016/TT-NHNN, which regulates credit activities of credit institutions and foreign bank branches, regarding additional regulations on loan approval through electronic ... Read More
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Consumer Lending in Sweden
... August 2022, the annual inflation rate soared to almost 10%, the highest in more than 30 years. With the prices of essential commodities such as electricity, fuel and food continuing to rise, as well as ... Read More
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Consumer Credit in Singapore
... of travel and tourism activities in numerous countries across the Asia Pacific region has led to a rapid upsurge in travel expenditure, consequently driving the overall expansion of card lending as well as consumer credit ... Read More
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Consumer Credit in Indonesia
... as a result of increased community mobility since the removal of restrictions imposed to limit the spread of COVID-19, as well as promotional activities by players. The end of the year has been a key ... Read More
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Consumer Credit in Israel
... by rising inflation and the increasing cost of living. With consumers directing their financial resources more towards essential needs like fuel, food, and energy, their inclination towards taking up loans decreased. Moreover, government aid during ... Read More
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Consumer Credit in Thailand
... in the service sector, which is key to driving economic growth. In addition, inflation has returned to its target range as a result of an upturn in consumer confidence. Private consumption in the country increased ... Read More
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Consumer Credit in Malaysia
... providing flexible repayments and offering longer repayment terms when required. The ongoing economic uncertainty in Malaysia is expected to see more efforts by banks to stimulate personal loans over 2023. However, while some local consumers ... Read More
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Consumer Credit in Saudi Arabia
... prominent since the end of pandemic restrictions heralded the revival of travel and tourism. Indeed, many Saudi consumers are travel enthusiasts with yearly travel aspirations, both internationally and exploring developed domestic destinations – many destinations ... Read More
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Credit Cards in Morocco
... among locals for several reasons. The demand for credit cards remains relatively low as Moroccans typically seek financial stability and local culture favours spending only money already in one’s possession. In addition, the application process ... Read More
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Consumer Lending in Morocco
... impacting purchasing power across households. This trend has intensified with rising interest rates and as a result, the demand for consumer lending facilities has become subdued, while repayment trends exhibited longer periods of more than ... Read More
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Consumer Lending in Peru
... and gross lending, surpassing pre-pandemic levels experienced in 2022. Notably, the surge has been most pronounced in card lending, outpacing other loan categories. Mortgages/housing loans have also shown a substantial rise, although not at the ... Read More
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Consumer Lending in Nigeria
... has implemented some difficult decisions in order to stabilise the economy, including ending a decades-old petrol subsidy that has seen prices triple and has also ended restrictions on foreign exchange, which has significantly weakened the ... Read More
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Consumer Credit in Morocco
... shrunk due to the worst drought in decades, directly affecting the sector’s demand for workers. Unemployment is more acute among young people aged 15 to 24. Meanwhile, among graduates specifically, unemployment averaged 20%, and among ... Read More
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Consumer Credit in Canada
... rate mortgages or on the cusp of renewals have been struck especially hard. Euromonitor International's Consumer Credit in Canada report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, ... Read More
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Consumer Credit in Turkey
... cards when they needed small sums of money. This shift in consumer behaviour can be attributed to the Central Bank's deliberate efforts to sustain consumer demand prior to the government elections by keeping interest rates ... Read More
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Consumer Credit in Italy
... approach towards borrowing. While the rate of inflation fell during the year, high unit prices continued to erode consumer confidence, as well as disposable incomes. At the same time, the poor economic climate led financial ... Read More
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Consumer Lending in Argentina
... offers a lucrative high-interest rate. This money is utilised by the national government for financing and to control excessive money circulation in the market, thereby averting speculation and potential escalation of the dollar's value. In ... Read More
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Consumer Lending in Poland
... has caused a slowdown in the consumer credit sector. The high level of inflation has pushed up the cost of living and reduced the disposable income of potential borrowers, and thus their creditworthiness. Despite the ... Read More
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Consumer Credit in Sweden
... amid much uncertainty about the future. Auto lending, in particular took a hit in 2022, following a strong recovery in 2021. This was due to a shortage of electrical components, which saw the automotive industry ... Read More
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Consumer Credit in the Philippines
... options, particularly salary-based general purpose loans. Meanwhile, the performances of some categories, such as auto and home lending, have come under pressure, partly due to the higher interest rates introduced during the year. Economists point ... Read More
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Consumer Lending in Israel
... interest rate hikes have escalated mortgage and loan holding costs, causing financial strain for many struggling to meet their monthly payments. Furthermore, a notable government measure was passed in 2023, removing the ""reasonableness"" provision that ... Read More
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Consumer Lending in the United Kingdom
... prices drove inflation in 2022, they have been gradually decreasing in 2023, and what is now driving continued high inflation is the country’s dramatic increase in the prices of food and non-alcoholic beverages. Nevertheless, consumer ... Read More
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