All categories, bar card lending, will record worse performances in gross lending in 2020, albeit for a variety of reasons. Auto lending was already experiencing a negative performance in 2019, which was only exacerbated by the COVID-19 outbreak in the country. People have been shifting towards used cars, which is likely to be a greater source of demand going forward. Interest rates were expected to decline, but the virus has made this more challenging. Car dealerships are also offering credit,...
Also read :
Euromonitor International's Consumer Lending in Mexico report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.
Product coverage: Consumer Credit, Mortgages/Housing.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Also read :
Why buy this report?
* Get a detailed picture of the Consumer Lending market;
* Pinpoint growth sectors and identify factors driving change;
* Understand the competitive environment, the market’s major players and leading brands;
* Use five-year forecasts to assess how the market is predicted to develop.
Euromonitor International has over 40 years' experience of publishing market research reports, business reference books and online information systems. With offices in London, Chicago, Singapore, Shanghai, Vilnius, Dubai, Cape Town, Santiago, Sydney, Tokyo and Bangalore and a network of over 800 analysts worldwide, Euromonitor International has a unique capability to develop reliable information resources to help drive informed strategic planning.
Also read :
Table of Contents:
Consumer Lending in Mexico
Euromonitor International
November 2020
List OF CONTENTS AND TABLES
EXECUTIVE SUMMARY
COVID-19 impact on consumer lending
COVID-19 country impact
Other personal lending negatively affected by rising unemployment rates
Online lending options continue to expand for Mexican consumers
Mortgages/housing gross lending hit by the pandemic
What next for consumer lending?
MARKET DATA
Also read :
Table 1 Consumer Lending: Outstanding Balance by Category: Value 2015-2020
Table 2 Consumer Lending: Outstanding Balance by Category: % Value Growth 2015-2020
Table 3 Consumer Lending: Gross Lending by Category: Value 2015-2020
Table 4 Consumer Lending: Gross Lending by Category: % Value Growth 2015-2020
Table 5 Consumer Lending: Non-performing vs Other Loans Outstanding Balance: % Value 2015-2020
Table 6 Mortgages/Housing: Non-performing vs Other Loans Outstanding Balance: % Value 2015-2020
Table 7 Consumer Credit: Non-performing vs Other Loans Outstanding Balance: % Value 2015-2020
Table 8 Card Lending: Non-performing vs Other Loans Outstanding Balance: % Value 2015-2020
Table 9 Forecast Consumer Lending: Outstanding Balance by Category: Value 2020-2025
Table 10 Forecast Consumer Lending: Outstanding Balance by Category: % Value Growth 2020-2025
Table 11 Forecast Consumer Lending: Gross Lending by Category: Value 2020-2025
Table 12 Forecast Consumer Lending: Gross Lending by Category: % Value Growth 2020-2025
Also read :
DISCLAIMER
GLOBAL MACROECONOMIC ENVIRONMENT
GLOBAL INDUSTRY ENVIRONMENT
SOURCES
Summary 1 Research Sources
KEY DATA FINDINGS
2020 IMPACT
Auto lending again the worst performer in consumer credit gross lending terms
Outstanding balance grows across all categories as locals struggle to repay loans
Financial institutions try to ease the burden on struggling Mexican consumers
RECOVERY AND OPPORTUNITIES
Outstanding balance expected to continue growing
Players will be looking to improve their product offerings and communication
Fintech companies will attract consumers with their differentiated offerings
CATEGORY DATA
Table 13 Consumer Credit: Outstanding Balance by Category: Value 2015-2020
Table 14 Consumer Credit: Outstanding Balance by Category: % Value Growth 2015-2020
Table 15 Consumer Credit: Gross Lending by Category: Value 2015-2020
Table 16 Consumer Credit: Gross Lending by Category: % Value Growth 2015-2020
Table 17 Forecast Consumer Credit: Outstanding Balance by Category: Value 2020-2025
Table 18 Forecast Consumer Credit: Outstanding Balance by Category: % Value Growth 2020-2025
Table 19 Forecast Consumer Credit: Gross Lending by Category: Value 2020-2025
Table 20 Forecast Consumer Credit: Gross Lending by Category: % Value Growth 2020-2025
... continued
CONTACT DETAILS :
+44 203 500 2763
+1 62 825 80070
971 0503084105
Credit card interest rates are much higher than other types of debt, such as mortgages.
The average credit card interest rate is around 16%, with the average interest rate for a borrower with bad credit an even higher 23.5%.1 If you qualify, getting a low-interest credit card can help you save money since paying less in interest means you’ll be able to pay back your balance quicker.
We’ll go over the basics of credit card interest rates and tips for finding one with low interest.Read the blog here: How to Get a Low-Interest Rate Credit Card?
Are you paying high-interest rates on your personal loans?
Westforce Credit Unions could save you thousands.
With low personal loan interest rates and a fixed monthly payment, you can borrow personal loans from Westforce Credit Union to consolidate debt or finance large purchases.
Taking a personal loan from us is a smart way to consolidate high-interest rate balances.
We give you the flexibility to make big purchases, and then pay it off at a pace that makes sense for you.
A Peer to peer lending platform software will offer a multitude of loans like education, real estate, retirement plan, automobile, marriage, consumer credit, agriculture, healthcare, vacation, and small business loans.
Borrowers are exposed to lower risks, better interest rates, easy payment of EMIs, various repayment options, and a swift grievance redressal mechanism.
The platform will ensure digital documentation, provide a virtual dashboard to know the activity on a real-time basis, has an in-built automatic clearing facility, and a standardized recovery process.
Lenders earn higher returns, experience a secure process, fewer risks, and do not have to pledge their funds for a lock-in period.The platform filters borrowers according to the lender’s requirements, ensure monthly returns, monitor the performance of the portfolio constantly, enable risk diversification, and provide credit bureau report analysis.
Start a Peer to peer lending platform software in the market and provide state-of-the-art banking services and credit facilities soon.
Harga emas Antam turun Rp 4,000 to Rp 752 thousand per gram.
Quoted from Reuters, the price of gold in the spot market closed down 0.8% to US$ 1.481 per ounce, after slipping 1% in the beginning of the session.
Meanwhile, the price of gold futures down 0.9% at US$ 1.483.
"The moment that pushed it (decline in gold prices) is a stock.
There is no avoidance on risk assets today, ”said Bob Haberkorn, a markets strategist senior at RJO Futures.
There needs to be a statement of The Federal Reserve's reduction of interest rates or something that will happen at the trade talks.
