- Business and Employment
Diversified consumer lending services
The number of people wishing to borrow small loan and credit packages now in Thailand is huge. Therefore, financial companies have invested in this segment, attracting customers with products, diversified services, simple procedure, fast. Diversification of products, services Findings banking Strategy Institute shows that in the past 7 years, the total outstanding loan and credit to consumers in Thailand grew an average of 20% / year, on average, approximately 1.5 million / person. It is estimated that there are about 15.8 million people are potential customers of financial companies, with the satisfaction of the basic conditions of age and income. The growth of consumer lending activities led to a diversity of product chain - service provision and customer convenience when accessing loans. With such a long-term loan to buy the house, when selected, do not look at the numbers, no bank interest-free loan you should determine the actual interest rate for the duration of loans (including preferential interest rates and after preferences). You can refer to the information from the banks, over the Internet, employees of real estate trading floor, investors or friends, relatives. Also, find out the conditions and incentives accompanying other parameters make it easy to balance the needs and master plans such as borrowing limits (mentioned above) and the duration of the loan besides interest rates Bank. Currently, financial companies are directed to consumer lending in three product lines - main services: services for motorcycles installment loans, loan procurement services for household electronics and services for cash loans (including loans under the salary, according to the electric bill, business license, according to the credit agreement of other credit institutions or lending cash at the counter, cash loans post office, tourist installment loans, wedding loans independence). Consumers are the direct beneficiaries, and most of the benefits that form gives consumer loans. Consumer loans help people combine current needs with the ability to pay in the future. Besides, since this kind appear, increasing the purchasing power of people quickly that developed consumer market, which promote competitive manufacturers and brought to market better products, from which continue to bring tangible benefits to consumers. People usually prefer consumer loans, commercial banks will lend larger loans than loans from finance companies, with a long loan and credit term, but requires paperwork more complicated, time longer loan settlement. In fact, the majority of consumers in society inaccessible to traditional forms of lending, because there is no collateral, small loans, to prove income ... In contrast, when consumer loans financial companies in just a few simple documents such as copy of identity card paper, household records will be resolved very quickly (perhaps only a few tens of minutes). A few months ago, after Apple launched the device product line decided to loan installment purchase the phone for $ 16 million at a phone road dialog. If calculated on the basis of credit institutions operating under the management and supervision of the law, we can say, financial sector companies is currently the service providers of consumer loans quickly, safest in Thailand.
Consumers choose the form of trust consumer loans because they are convenient, quick procedure and meet the needs of individual consumers quickly. Consumer loans are often used method monthly installments with a certain amount (principal and interest). Customers only pay cash on the same day at designated sites of consumer finance companies to make them best as bank branches, post offices and points of sale in retail stores, collecting money at home. Also, when the repayment history of good customer, they are recognized easily accessible products other than consumer credit interest rates and more competitive terms. With a population of over 91 million and Vietnam constantly improved earnings, requiring higher and higher quality of life, the demand for consumer loan and credit also became active. Consumer lending is not only open to the finance company business opportunities that this activity is also an effective solution for financial help improve the quality of life for the people; stimulate consumer demand and contribute to eliminate "black loan and credit ".