UAE Online Loan Aggregation Industry Holds Potential 7x Revenue Growth By 2024. Will UAE Online Loan Aggregation Industry Stand On This Projected Figure? Ken Research

1. With rich, diverse & unparalleled infrastructure, the UAE Loan Industry driven by high corporate loan demand. Trends and Developments in UAE Online Loan Aggregator Industry Lending majorly dominated by national banks with wide distribution network, occupying >90% of all banks credit disbursal. With major investment in hydrocarbon projects & other infrastructure projects, credit demand… Read More »

How Online Loan Aggregators contributing to Retail Loan Penetration in UAE? – Ken Research

The banking industry in UAE is a highly fragmented space with a presence of ~60 national & international banks in the country. Post-2016 oil crisis, suffering from high NPAs banks in UAE tended to be more cautious when lending particularly to corporate & individuals thereby increasing rejection rates. Even now, banks generally avoid lending to ex-pats (sometimes… Read More »

UAE Online Loan Aggregator Market Outlook: Ken Research

Socio-Economic Outlook Of UAE With a population of 9.68 Mn as of 2019, ~70% of the borrowing population belongs to the age group of 30-50 years. A major proportion of the population resides in urban areas including Dubai, Abu Dhabi & Sharjah thereby driving the demand for financial products in the country. High Job opportunities… Read More »

How are Online Aggregators gaining momentum in UAE? – Ken Research

Traditionally banks provided limited transparency on loan pricing & charges, making customers call up/visit bank branches just to attain basic loan pricing information. This gap was fulfilled with the introduction of the Loan Comparison website by YallaCompare in UAE. Loan Comparison websites facilitate comparison of credit options for multiple products including car loans, credit cards,… Read More »