#UAE Online Loan Aggregator Market

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UAE Online Loan Aggregation Industry Holds Potential 7x Revenue Growth By 2024. Will UAE Online Loan Aggregation Industry Stand On This Projected Figure? Ken Research

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1. With rich, diverse & unparalleled infrastructure, the UAE Loan Industry driven by high corporate loan demand.

Trends and Developments in UAE Online Loan Aggregator Industry

Lending majorly dominated by national banks with wide distribution network, occupying >90% of all banks credit disbursal.

With major investment in hydrocarbon projects & other infrastructure projects, credit demand by government has been rising & expected to further rise in future as well.

Traditional methods of lending (Friends/family) are still preferred choice for availing loans by people with below avg credit history.

Banks are undertaking consolidation activities thereby reducing number of branches, cash offices & promoting digital banking services.

 2. Technological Evolution in UAE Banking Services.

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Adoption of Blockchain technology in enhancing “Know- Your-Customer” processes, useful in client onboarding, cross border transfers, payments & compliance reporting.

Tasharuk Platform: Launched by UBF to fight against cyber-attacks on banks. Platform enables cyber threat information sharing, identify threats & enhance defense systems.

Incorporating Artificial Intelligence in data analytics, combatting fraudulent activities & compliance improvement, further increasing focus on customer dealing & decision-making processes.

Increased penetration of virtual banking channels including Mobile (>85%), Online Banking (>90%), Branch/Call center (>90%) and ATMs (~100%).

Noticeable shift among customers to online medium for undertaking non-cash transactions of balance enquiries, fund transfers etc.

3. Housing Loan, one of the fastest growing retail loan segments.

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In 2019, average house price in Dubai decreased by ~12% reaching to ~AED 2.58 Mn, thereby, shifting from investor led market to owner-occupied market.

While borrower’s previously preferred fixed interest rates but with Fed Reserve Predictions (2019), noticeable trend was observed for variable rate schemes.

Customers rising preferences for loan providers/aggregators offering other benefits like property management services & post-handover assistance services.

Dubai is dominated by expat population (11 times of Emirati population), who are observed to be preferring indirect channels due to high documentation & eligibility requirements.

Current lending process in The UAE is partially offline; however; with advancements & relaxations in regulations could help in making the process online.

For more insights on the market intelligence, refer to the link below:-

UAE Online Loan Aggregator Market

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Future of UAE Online Loan Aggregator Market: Ken Research Buy Now COVID 19 Crisis Creating Opportunity in Credit Market As Coronavirus hit the world in 2020, whilst some countries took a slow approach to comprehend & dealing with the situation, UAE was one of the very few countries taking pivotal steps to minimize both health & economic risks in the country.

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Manipal Academy of Higher Education (MAHE), Karnataka, Placement and Eligibility

Manipal Academy of Higher Education (MAHE) was founded as India’s first private medical school in the year 1953 by T.M.A Pai in Karnataka’s Udipi district. Earlier it was known as Kasturba Medical College. Manipal Institute of Technology was formed after five years of the Higher Education. Manipal Academy of Higher Education (MAHE) gained its status as deemed University by UGC in the year 1993. It has of-campuses in Mangalore and Bangalore and off-shore campuses in Dubai (UAE) and Melaka (Malaysia). Here we will discuss about MBA in Manipal University.

What is an MBA?

The Master of Business Administration or MBA is designed in such a way so that it can develop the skill required for careers in business and management. Many experts believe that an MBA will help them to take the next step in their careers. Regardless of your business or area of professional specialization, an MBA can help you being successful. An MBA can certainly help those who want to work in management field, with financial institutions, or as entrepreneurs develop the leadership qualities needed to succeed in these fields.

Master of Business Administration is one of the most popular post-graduate programs all around the world. It is a two-year post-graduate program that is pursued after completing their undergraduate degrees.

Once the candidates qualify for their entrance exam, candidates are eligible for admission to more than 5 B-schools for MBA in Manipal University.

Admission Process

Follow the given online admission procedure for the Manipal Academy of Higher Education (MAHE), Karnataka:-

Documents Required

Mark sheet and passing certificate of 10 and 12th standard

Graduation certificate

Transfer certificate

Character certificate

Migration certificate

Caste certificate

Income certificate

Passport size photo

A valid score in IMU CET, OPEN NET, IMU CET, and PST

Online Method of Registration

The candidate must visit the official website of the Manipal Academy of Higher Education (MAHE).

Now you need to click on 'Apply Online'

The candidate needs to fill in the application form with details like select the Program, personal detail, academic information, and exam scores.

Now the candidates need to submit the form.

The application fee is to be paid online via Net banking/ Credit card/ Debit card.

MBA in Manipal University Admission Criteria

The admission criteria at the MBA colleges at Manipal University are similar to any other top MBA college. Here you can check the detailed eligibility criteria:

The candidate should have a Bachelor's degree from a recognized college.

The candidates should have a minimum of 50% aggregate mark in graduation.

MBA Specializations offered by MBA Colleges in Manipal

Several specializations are offered by MBA colleges in Manipal including Finance followed by Human Resources. Some of the other popular MBA specializations are Sales and Marketing, Operations, Healthcare and Hospital, etc.

Scholarship offered by the institute

Merit Scholarships for Foreign / Non-Resident Indian (NRI) Category Students

Merit Scholarship for Konkani speaking students

Merit Scholarship for Children of Manipal Alumni

Scholar and Achiever Scholarship for All Other undergraduates (UG) and post-graduate (PG) Programs

Scholarship scheme of interest subsidy on education loan for MAHE students

AICTE Tuition Fee Waiver

Scholarships for Academy of General Education Students (SAGES)

Kadambi scholarship

Academy of General Education (AGE) Scholarship for AGE Students

ITC scholarship

Description- Manipal Academy of Higher Education was established in the year 1953 to provide proper education to the students in the field of management.

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How are Online Aggregators gaining momentum in UAE? – Ken Research Buy Now Traditionally banks provided limited transparency on loan pricing & charges, making customers call up/visit bank branches just to attain basic loan pricing information.

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UAE Online Loan Aggregators Industry Outlook to 2024: Ken Research Buy Now The publication titled ‘UAE Online Loan Aggregators Industry Outlook to 2024 - Driven by Shifting to Contactless Services & Easy Online Loan Facilitation’ 

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UAE Online Loan Aggregator Market Size and Research 2021, CAGR Status, Growth Analysis, Business Updates and Strategies till 2027: Ken Research

UAE Online Loan Aggregator Market Size and Research 2021, CAGR Status, Growth Analysis, Business Updates and Strategies till 2027: Ken Research

Introduction Loan aggregator is a middleman organization that gathers an individual personal and financial information on a loan applications and shops it around who might propose an individual a loan. Such aggregators charge some amount of price to deliver the individual end-to-end service in their entire loan application procedure. The online loan aggregator is speedily being accepted around…

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How Online Loan Aggregators contributing to Retail Loan Penetration in UAE? – Ken Research

How Online Loan Aggregators contributing to Retail Loan Penetration in UAE? – Ken Research

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The banking industry in UAE is a highly fragmented space with a presence of ~60 national & international banks in the country. Post-2016 oil crisis, suffering from high NPAs banks in UAE tended to be more cautious when lending particularly to corporate & individuals thereby increasing rejection rates. Even now, banks generally avoid lending to ex-pats (sometimes putting additional…

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UAE Online Loan Aggregator Market Outlook: Ken Research

UAE Online Loan Aggregator Market Outlook: Ken Research

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Socio-Economic Outlook Of UAE

With a population of 9.68 Mn as of 2019, ~70% of the borrowing population belongs to the age group of 30-50 years. A major proportion of the population resides in urban areas including Dubai, Abu Dhabi & Sharjah thereby driving the demand for financial products in the country.

High Job opportunities attract the ex-pat population to the UAE. >80% population is…