New Market Research Report: Consumer Lending in Malaysia
In a bid to rein in household debt, the government imposed more stringent lending guidelines in 2012. Coupled with marginally lower real GDP growth, gross lending and outstanding growth for overall consumer credit resulted in a slowdown in 2013. With other lending such as housing loans under their names, applying for auto loans became more difficult for borrowers despite earning a decent income. With the tighter credit card regulations imposed by the central bank, some consumers turned to...
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