Now Available: Consumer Lending in Singapore
Total gross lending continued to show healthy performance in 2013. Consumers continued to borrow to finance their daily spending and used credit cards to enjoy discounts and promotions offered by the card issuers. Borrowing for overdrafts without the need of collateral remained popular, as small borrowers are free to use the loan for their own purposes, while small and short term borrowers approach pawn shops for easy access to consumer loans.
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