GoBear platform connects personal loan applicants to info from lenders
Despite rising consumer spending in Thailand, the gap is widening between access to financial products and demand, says Asia’s financial supermarket GoBear, in an recent analysis of consumer trends. More can be done to address the imbalance, it added.
Marnix Zwart, Chief Commercial Officer of GoBear (GoBear.com/th), revealed that "the number of personal loan applications in Thailand tends to increase robustly and continuously. In the first half of 2019, the number of applications increased by 10 per cent from the previous year. In addition, there were more than 300,000 users looking for information on GoBear website and over 35,000 loan applicants. However, only approximately 2 per cent of the applications were approved. GoBear sees a sharp increase in financial needs especially during the month before the start of a new academic semester, which usually leads to a 2 per cent increase in loan requests during that period".
Based on its study, GoBear is determined to fill the gap by developing a platform for personal loans to connect users directly to personal loan information from leading financial institutions.
GoBear is a website that helps users review their choices for financial products easily. This service is easy to use, free-of-charge and presents products neutrally.
With the rise of financial technology (fintech) in Asia, such services are becoming more popular in many countries, including Thailand. Today, Thai consumers can better understand, and have more access to financial products with a simpler, smarter and faster service platform at www.gobear.com/th/personal-loan.
