- Published: September 2011
Personal Loans - Mitigating Early Repayment
- Published: October 2009
- 27 pages
- Retail Finance Intelligence (RFI)
70% of past borrowers surveyed by RFI in this survey had paid out their personal loans early. Not only did the majority of borrowers repay their loans early, but this was generally done well within the original term of the loan.
This report attempts to compile data and information on the extent and characteristics of early repayment, to discover the underlying factors motivating early repayment and to uncover options available to financial institutions in reaction to early repayment of personal loans.
Country covered: Australia
An analysis of early repayment in personal lending
What proportion repay early?
What facilitates early repayment?
Loan type and early repayment
Loan term and early repayment
Variations across institutions
Repayment period with loan term controlled
Correlation with loan factors
Current borrower trends
How important is early repayment?
|Electronic (PDF)||The report will be emailed to you. The report is sent in PDF format.||This is a single user license, allowing one specific user access to the product.|