Gain Insight Into How Innovations in the Unsecured Loan Market Abroad Might Translate...

Gain Insight Into How Innovations in the Unsecured Loan Market Abroad Might Translate to the UK

DUBLIN, Ireland--(Business Wire)--
Research and Markets
(http://www.researchandmarkets.com/research/ca25ff/personal_lending_i)
has announced the addition of the "Personal Lending Innovations from
Abroad" report to their offering.

The commoditized nature of unsecured personal loans has stifled
the innovation process in the UK. This brief looks at unsecured
personal loan innovations from abroad and assesses their potential in
the UK market.

Scope

- Examples of unsecured personal loan innovations from around the
world

- Expert opinion on the suitability of different personal lending
innovations for the UK market

- A look at how loan providers are adapting products to fit with
changing global concerns

Highlights of this title

Despite the launch of Shariah banking in the UK, unsecured
personal loans are not yet widely available under Shariah Law. In
Dubai however, banks are careful to ensure that they offer loans that
are consistent with the principles of Shariah Law.

Mobile banking in the UK is still a very marginal activity, with
only about 25,000 using mobile banking network Monilink in 2007.
Mobile technology is unlikely to be used unless it is free and if it
is free then the provider will bear the cost. This explains in part
why mobile banking has yet to take off in the UK.

In Dubai, bundling other financial products with an unsecured
personal loan is a popular strategy to attract customers. HSBC UAE is
offering a current account with its usual minimum balance requirement
waived and a free credit card for one year with its flexible personal
unsecured loan.

Key reasons to purchase this title

- Gain insight into how innovations in the unsecured loan market
abroad might translate to the UK

- Develop an understanding of the use of new technologies to
promote loan uptake

- Keep up-to-date with the latest product developments in
unsecured personal lending

Key Topics Covered:

- Product design: the rest of the world has strived to make the
unsecured personal loan a more dynamic product

- Banks in Dubai offer customers leveraged investment products

- The Retail Banking Team view

- Dubai loan products are Shariah compliant

- The Retail Banking Team view

- Loan providers are offering a plethora of products that profess
to care for the environment

- The Retail Banking Team view

- Pricing structure: some French banks charge different interest
rates depending on region

- Credit Agricole offers a simulation facility for loan payback
that accounts for regional differences

- The Retail Banking Team view

- Repayment options: lenders from abroad tend to offer much more
flexibility with their loan repayment options

- In Singapore, GE Moneys James personal loans offers flexible
repayment options

- The Retail Banking Team view

- Loan Trimmer provides borrowers with tax savings

- The Retail Banking Team view

- Many banks allow customers to redraw their funds

- The Retail Banking Team view

- Bundling: unlike their foreign counterparts, UK banks do not
tend to bundle products, instead they favor standard cross-selling
techniques

- Bundling products to existing customers is common in Dubai and
Australia

- The Retail Banking Team view

- Customer segmentation: loan providers are expanding their loan
offerings to take account of different consumer segments

- Loan providers in the French market have a strong focus on
providing loans to the young

- The Retail Banking Team view

- Loans for RRSP in Canada

- The Retail Banking Team view

- Distribution: the use of SMS messages to apply for loans is more
advanced abroad than in the UK

- Turkish banks are offering customers the chance to apply for a
loan through their mobile phone

- Swedish SMS message loan providers have proved popular among the
young

- The Retail Banking Team view

- New technology: loan providers are gravitating towards social
networking sites as the next stage for selling loans

- Social lending has emerged with the popularity of social
networking sites

- The Retail Banking Team view

- Financial institutions have started advertising financial
products on social networking sites

- The Retail Banking Team view

For more information visit
http://www.researchandmarkets.com/research/ca25ff/personal_lending_i

Source: Datamonitor

Research and Markets
Laura Wood
Senior Manager
press@researchandmarkets.com
Fax from USA: 646-607-1907
Fax from rest of the world: +353-1-481-1716

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