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 »

Future of UAE Online Loan Aggregator Market: Ken Research

COVID 19 Crisis Creating Opportunity in Credit Market As Coronavirus hit the world in 2020, whilst some countries took a slow approach to comprehend & dealing with the situation, UAE was one of the very few countries taking pivotal steps to minimize both health & economic risks in the country. However, as the global oil… 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 »

UAE Online Loan Aggregators Industry Outlook to 2024: Ken Research

The publication titled ‘UAE Online Loan Aggregators Industry Outlook to 2024 – Driven by Shifting to Contactless Services & Easy Online Loan Facilitation’ undertakes an analysis of the UAE’s socio-demographic, economic & banking outlook; overall lending & retail lending scenario; gaps in traditional models filled by aggregator model; unique operating models in the sector, organizational structure of major… Read More »