The rising cost of living in Malaysia is expected to significantly impact consumer credit in the short-term, following the announcement of several key changes as part of Budget 2025. These include the ending of petrol subsidies for higher-income groups and the introduction of mandatory e-invoicing, for example.
The soaring cost of living in Malaysia, driven by higher inflation and shifting governmental policies, is expected to make personal loans an increasingly popular consumer credit option in 2025 and beyond. The impact of these economic pressures has led to a significant uptick in borrowing, with government agencies like the National Cooperative Movement (Angkasa) reporting that over 800,000 civil servants have taken out personal loans by 2024.
Buy Now Pay Later (BNPL) services are expected to maintain strong growth in Malaysia over the forecast period, fuelled by the increasing cost of living. Consumers are increasingly turning to BNPL to spread the cost of their purchases into manageable instalments, making goods and services more affordable in an environment of rising prices.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Understand the latest market trends and future growth opportunities for the Consumer Credit industry in Malaysia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Consumer Credit industry in Malaysia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Consumer Credit
Non-mortgage consumer debt extended to individuals for personal or household use including installment loans and credit cards. Examples of consumer credit include auto lending, card lending, durables lending, education lending, home lending and other personal loans. Consumer credit includes both revolving and non-revolving credit.
See all of our definitionsThis report originates from Passport, our Consumer Credit research and analysis database.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!