Consumer behaviour and credit supply: Evidence from an Australian FinTech lender

Mingze Gao, Henry Leung, Linhui Liu, Buhui Qiu

Research output: Contribution to journalArticlepeer-review

1 Citation (Scopus)
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Using a proprietary dataset from an Australian leading FinTech lender, we provide insights into the effect of consumer behaviour on FinTech lending patterns. Out of seven consumption categories, gambling expenses significantly reduce the lender's willingness to fulfill loan requests. Cash usage and repeated borrowing are related to lower offer-to-requested loan ratios. The FinTech lender prefers to lend to borrowers who are married, have dependents and/or aged over 30. However, for such mature borrowers, cash usage and repeated borrowing increasingly reduce the approval likelihood of their loan requests. Taken together, our empirical evidence suggests that consumer behaviour affects FinTech lending decisions.
Original languageEnglish
Article number104205
Pages (from-to)1-12
Number of pages12
JournalFinance Research Letters
Publication statusPublished - Nov 2023
Externally publishedYes

Bibliographical note

© 2023 The Author(s). Published by Elsevier Inc. Version archived for private and non-commercial use with the permission of the author/s and according to publisher conditions. For further rights please contact the publisher.


  • FinTech lending
  • Consumer behaviour
  • Borrower behaviour


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