Customers are being bombarded to contract consumer loans once they have a secure job and their  BIS Review 108/2006  1  income could be channeled through the financial institution. Rapidly changing lifestyles have forced the bulk of the population to open bank accounts, to use ATMs, to own credit and debit cards and generally to participate actively in the formal financial system.
But with the diverse range of product choices, banking has become more complicated. The average consumer is now required to make complex financial decisions between fixed and variable rate mortgages, contract installment loans, choose from a range of checking accounts and select from any number of savings instruments.