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 investme ....

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 e ....

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 attract the ....

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 demand decreased drasti ....

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 pr ....

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 op ....

Socio-Economic Outlook Of UAE 88% ex-pat population majorly from Asian countries, a high number of young populations, increasing household income is changing the buying behavior of customers from traditional to online led models. More than 2/3 rd of the population belongs to 25-54 age; the total population growing at 1.5% Y-o-Y depicts cust ....

Aggregators (Price Comparison Websites) have been lately introduced in UAE and within a short span of time, these platforms have gained much traction and are experiencing >200% Y-o-Y growth in their top line figures. However, unlike European and other developed countries, the penetration of aggregators is still very low. (~60% of motor insura ....

The publication titled ‘ UAE Online Insurance Industry Outlook to 2024 – Driven by Customer Uptake, Ease for New and Renewal Policy Convenience with Insurance Aggregators ’ undertakes a comprehensive analysis of the insurance industry in UAE, product-wise buying patterns of insurance among the population, traditional distribution channels includ ....