Key factors

Bankers who took part in the survey said the change in credit standards was largely driven by the economic outlook and customer-specific factors.

Survey results showed the outlooks for financial and housing markets, as well as changes in income and interest rates are key factors that will determine demand for personal loans.

Bankers reported a moderate tightening in fees and charges while noting that their maximum loan-tovalue (LTV) and maximum loan-to-income (LTI) ratios had softened marginally.