According to a survey from 2022, speed of receiving funds was the leading deciding factor for borrowing from fintech in Southeast Asia, with 60 percent of the respondents having found it very important. Better approval rates and less complex application process were also important factors, with 84 percent of the respondents stating it was either important or very important for deciding to borrow from fintech.
Leading decision-making factors for borrowing from fintech in Southeast Asia in 2022
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Cambridge Centre for Alternative Finance. (December 7, 2022). Leading decision-making factors for borrowing from fintech in Southeast Asia in 2022 [Graph]. In Statista. Retrieved September 20, 2024, from https://www.statista.com/statistics/1370859/sea-top-deciding-factors-for-borrowing-from-fintech/
Cambridge Centre for Alternative Finance. "Leading decision-making factors for borrowing from fintech in Southeast Asia in 2022." Chart. December 7, 2022. Statista. Accessed September 20, 2024. https://www.statista.com/statistics/1370859/sea-top-deciding-factors-for-borrowing-from-fintech/
Cambridge Centre for Alternative Finance. (2022). Leading decision-making factors for borrowing from fintech in Southeast Asia in 2022. Statista. Statista Inc.. Accessed: September 20, 2024. https://www.statista.com/statistics/1370859/sea-top-deciding-factors-for-borrowing-from-fintech/
Cambridge Centre for Alternative Finance. "Leading Decision-making Factors for Borrowing from Fintech in Southeast Asia in 2022." Statista, Statista Inc., 7 Dec 2022, https://www.statista.com/statistics/1370859/sea-top-deciding-factors-for-borrowing-from-fintech/
Cambridge Centre for Alternative Finance, Leading decision-making factors for borrowing from fintech in Southeast Asia in 2022 Statista, https://www.statista.com/statistics/1370859/sea-top-deciding-factors-for-borrowing-from-fintech/ (last visited September 20, 2024)
Leading decision-making factors for borrowing from fintech in Southeast Asia in 2022 [Graph], Cambridge Centre for Alternative Finance, December 7, 2022. [Online]. Available: https://www.statista.com/statistics/1370859/sea-top-deciding-factors-for-borrowing-from-fintech/
