ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Diversified consumer lending services

Updated on March 14, 2016

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 ".

Comments

    0 of 8192 characters used
    Post Comment

    No comments yet.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)