Consumer credit in Singapore saw gross lending and outstanding balance levels rise in 2025. Gross lending rose at a faster rate than in 2024. Meanwhile, outstanding balance saw a slower rise. Singapore’s total consumer credit outstanding balance rose largely due to the continued increase in credit card debt and personal loans. This growth was driven by consumers deferring repayments amid high interest rates and rising living costs. According to the Monetary Authority of Singapore (MAS), credit c
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Overview:
Understand the latest market trends and future growth opportunities for the Consumer Credit industry in Singapore 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 Singapore, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Consumer Credit in Singapore report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Consumer Credit in Singapore?
- What are the major trends key to understanding Consumer Credit in Singapore?
- How has COVID-19, recession and macroeconomic volatility impacted the market?
- How long will the market take to recover? What are the opportunities now?
- How will political context and shifting cultural values shape future growth?
- Where is future growth expected to be most dynamic?
Consumer Credit in Singapore - Category analysis
KEY DATA FINDINGS
Rising living costs and credit card debt drive consumer credit growth
New tailored products maintain card lending’s momentum while EV demand and fleet expansion enhance auto lending
BNPL’s robust impact on consumers’ credit habits
Growing consumer optimism to fuel lifestyle borrowing
Digital lending platforms to expand access to credit
Stable economy and bank strategies to support consumer credit growth
Consumer Lending in Singapore - Industry Overview
Economic growth and lower interest rates boost consumer lending
KEY DATA FINDINGS
Government support and first-time buyer demand drive mortgages/housing lending growth
Digital personal loans reshape consumer credit access
Buy Now Pay Later (BNPL) remains a strong factor despite signs of maturity and tighter scrutiny
Economic stability and growing credit awareness to support consumer confidence and borrowing capacity
Banks to continue to develop solutions to respond to the call for faster, flexible credit
Economic, regulatory and consumer aspects influence the outlook for consumer lending
COUNTRY REPORTS DISCLAIMER
The following categories and subcategories are included:
Consumer Credit
- Auto Lending
- Card Lending
- Durables Lending
- Education Lending
- Home Lending
- Other Personal Lending
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 definitionsWhy buy this report?
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This report originates from Passport, our Consumer Credit research and analysis database.
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