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Personal Loans Global Market Report 2024

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    Report

  • 175 Pages
  • February 2024
  • Region: Global
  • The Business Research Company
  • ID: 5865968
The personal loans market size has grown rapidly in recent years. It will grow from $703.37 billion in 2023 to $776.98 billion in 2024 at a compound annual growth rate (CAGR) of 10.5%. The growth observed in the historical period can be attributed to economic stability, low interest rates, increasing consumer confidence, trends in debt consolidation, and the impact of marketing and advertising efforts.

The personal loans market size is expected to see rapid growth in the next few years. It will grow to $1178.65 billion in 2028 at a compound annual growth rate (CAGR) of 11.0%. The anticipated growth in the forecast period can be attributed to the emergence of fintech lenders, the rise in educational expenses, borrowing for pandemic recovery, a focus on financial inclusion, and the growth of the gig economy and self-employment. Major trends in the forecast period include the digitalization of lending, the use of alternative data for credit scoring, the development of personalized loan products, the rise of peer-to-peer (P2P) lending, and initiatives promoting financial inclusion.

The anticipated expansion of lending channels is poised to propel the personal loans market's growth in the future. The heightened demand for lending channels signifies a heightened inclination and necessity for diverse avenues enabling individuals and businesses to secure loans or credit. The proliferation of online lending platforms and fintech firms has intensified the desire for personal loan lending channels. Personal loans offer individuals the flexibility to access funds for various personal requirements without the need for collateral, facilitating the financing of expenses, debt consolidation, or addressing unforeseen financial challenges. Consequently, the surge in demand for lending channels is a key driver of the burgeoning personal loans market. Notably, in August 2022, as reported by TransUnion in its Q2 2022 Credit Industry Insights Report (CIIR), the total personal loan balances reached a record $192 billion, marking a substantial 31% increase from the previous year. This underlines the significant impact of the escalating demand for lending channels on the growth trajectory of the personal loans market.

The anticipated growth of the personal loan market is expected to be propelled by low interest rates in the foreseeable future. Interest rates, representing the charges levied by lenders on borrowers for utilizing borrowed funds, play a pivotal role in shaping consumer behavior. The prospect of lower interest rates enhances the attractiveness of personal loans to consumers, resulting in an upswing in demand for such financial products. Personal loans featuring reduced interest rates are often perceived as a cost-effective alternative to credit cards, providing consumers with a means to finance various expenses at a more favorable cost. As an illustration, in 2023, the International Monetary Fund reported a forecasted global inflation rate, indicating an increase from 4.7 percent in 2021 to 8.8 percent in 2022 but a subsequent decline to 6.5 percent in 2023. Consequently, the prevailing low interest rates are a significant driver fueling the expansion of the personal loan market.

Prominent players in the personal loans market frequently prioritize technological advancements to maintain a competitive edge, exemplified by Amplifi Capital, a UK-based fintech firm. In September 2022, the company introduced the Reevo Money brand, specializing in personal loans. This brand distinguishes itself by offering instantaneous loan quotes and more favorable Annual Percentage Rates (APRs) compared to traditional lenders. Leveraging cloud-based infrastructure and open banking, Reevo Money targets consumers with suboptimal credit histories or irregular income, aiming to cater to unconventional borrowers and those not meeting conventional criteria.

Major players in the personal loan market are increasingly emphasizing strategic partnerships as a key approach to delivering reliable services to their customers. These partnerships involve collaborative arrangements between two or more companies, aiming to mutually support and achieve their respective objectives. A noteworthy example occurred in March 2021 when Apple Bank, a New York-based financial institution providing consumer deposit accounts, personal loans, and business banking services, entered into a strategic partnership with Upstart, a US-based consumer lending company. This collaboration resulted in the launch of Personal Loans, Apple Bank's digital unsecured personal loan product. Through this strategic alliance, Apple Bank has expanded its offerings to include unsecured consumer loans within the Upstart marketplace, enhancing its ability to meet the diverse needs of clients and the local New York community. The partnership facilitates a seamless online application process, allowing consumers to conveniently and efficiently apply for personal loans. With a streamlined online application and administration system, Apple Bank's personal loans are designed to provide consumers with an easy and expeditious means of obtaining funds for various purposes.

In August 2021, Latitude Financial Group Limited, an Australia-based financial services company, successfully acquired Symple for an estimated $200 million. This strategic acquisition is part of Latitude's initiative to broaden its footprint and enhance capabilities within the personal loan market. Symple, a financial technology (fintech) company based in Australia, specializes in providing personal loans to individuals. The integration of Symple into Latitude's portfolio aligns with the company's strategic vision to strengthen its position in the financial services sector and cater to the evolving needs of consumers in the personal loan segment.

Major companies operating in the personal loans market report are Wells Fargo & Company, Marcus by Goldman Sachs, American Express Company, The Goldman Sachs Group Inc., Barclays PLC, Truist Financial Corporation, DBS Bank Ltd., Discover Financial Services, Citizens Financial Group Inc., Navy Federal Credit Union, Rocket Loans, OneMain Financial, SoFi Technologies Inc., PenFed Credit Union, Social Finance Inc., LendingClub Bank, Freedom Financial Network LLC, Upstart, Payoff Inc., LendingPoint, Best Egg, FreedomPlus, Earnest, Laurel Road, Avant LLC, Prosper Funding LLC, LightStream, EarnIn, Upgrade, Universal Credit, United Services Automobile Association, PNC Financial Services Group Inc, Toronto-Dominion Bank.

North America was the largest region in the personal loans market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global personal loans market size forecast period. The regions covered in the personal loans market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the personal loans market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary types of personal loans include P2P marketplace lending and balance sheet lending. P2P (peer-to-peer) marketplace lending involves a lending model where individuals can directly borrow and lend money through online platforms, circumventing traditional financial institutions. In this model, borrowers connect with individual lenders who provide the necessary funds. Personal loans are typically categorized into long-term loans (more than 4 years), medium-term loans (2 to 4 years), and short-term loans (less than 2 years). These loans are commonly sought for purposes such as debt consolidation, home improvement, education, and other financial needs. Personal loan applicants come from diverse backgrounds, including employed individuals, professionals, students, entrepreneurs, and others.

The personal loans market research report is one of a series of new reports that provides personal loans market statistics, including personal loans industry global market size, regional shares, competitors with a personal loans market share, detailed personal loans market segments, market trends, and opportunities, and any further data you may need to thrive in the personal loans industry. These personal loans market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The personal loans market includes revenues earned by entities by providing unsecured personal loans and secured personal loans. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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Table of Contents

1. Executive Summary2. Personal Loans Market Characteristics3. Personal Loans Market Trends and Strategies
4. Personal Loans Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global Personal Loans Market Size and Growth
5.1. Global Personal Loans Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Personal Loans Historic Market Size and Growth, 2018-2023, Value ($ Billion)
5.3. Global Personal Loans Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
6. Personal Loans Market Segmentation
6.1. Global Personal Loans Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • P2P Marketplace Lending
  • Balance Sheet Lending
6.2. Global Personal Loans Market, Segmentation by Loan Tenure, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Long Term Loans
  • Medium Term Loans
  • Short Term Loans
6.3. Global Personal Loans Market, Segmentation by Tenure Period, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Less Than 2 Years
2 Years To 4 Years
  • More Than 4 Years
6.4. Global Personal Loans Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Debt Consolidation
  • Home Improvement
  • Education
  • Other Applications
6.5. Global Personal Loans Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Employed Individuals
  • Professionals
  • Students
  • Entrepreneur
  • Other End Users
7. Personal Loans Market Regional and Country Analysis
7.1. Global Personal Loans Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Personal Loans Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Personal Loans Market
8.1. Asia-Pacific Personal Loans Market Overview
Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Personal Loans Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Personal Loans Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Personal Loans Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Personal Loans Market
9.1. China Personal Loans Market Overview
9.2. China Personal Loans Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Personal Loans Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Personal Loans Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Personal Loans Market
10.1. India Personal Loans Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Personal Loans Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Personal Loans Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Personal Loans Market
11.1. Japan Personal Loans Market Overview
11.2. Japan Personal Loans Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Personal Loans Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Personal Loans Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Personal Loans Market
12.1. Australia Personal Loans Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Personal Loans Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Personal Loans Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Personal Loans Market
13.1. Indonesia Personal Loans Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Personal Loans Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Personal Loans Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Personal Loans Market
14.1. South Korea Personal Loans Market Overview
14.2. South Korea Personal Loans Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Personal Loans Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Personal Loans Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Personal Loans Market
15.1. Western Europe Personal Loans Market Overview
15.2. Western Europe Personal Loans Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Personal Loans Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Personal Loans Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Personal Loans Market
16.1. UK Personal Loans Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Personal Loans Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Personal Loans Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Personal Loans Market
17.1. Germany Personal Loans Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Personal Loans Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Personal Loans Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Personal Loans Market
18.1. France Personal Loans Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Personal Loans Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Personal Loans Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Personal Loans Market
19.1. Italy Personal Loans Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Personal Loans Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Personal Loans Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Personal Loans Market
20.1. Spain Personal Loans Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Personal Loans Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Personal Loans Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Personal Loans Market
21.1. Eastern Europe Personal Loans Market Overview
21.2. Eastern Europe Personal Loans Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Personal Loans Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Personal Loans Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Personal Loans Market
22.1. Russia Personal Loans Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Personal Loans Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Personal Loans Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Personal Loans Market
23.1. North America Personal Loans Market Overview
23.2. North America Personal Loans Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Personal Loans Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Personal Loans Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Personal Loans Market
24.1. USA Personal Loans Market Overview
24.2. USA Personal Loans Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Personal Loans Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Personal Loans Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Personal Loans Market
25.1. Canada Personal Loans Market Overview
25.2. Canada Personal Loans Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Personal Loans Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Personal Loans Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Personal Loans Market
26.1. South America Personal Loans Market Overview
26.2. South America Personal Loans Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Personal Loans Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Personal Loans Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Personal Loans Market
27.1. Brazil Personal Loans Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Personal Loans Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Personal Loans Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Personal Loans Market
28.1. Middle East Personal Loans Market Overview
28.2. Middle East Personal Loans Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Personal Loans Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Personal Loans Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Personal Loans Market
29.1. Africa Personal Loans Market Overview
29.2. Africa Personal Loans Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Personal Loans Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Personal Loans Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Personal Loans Market Competitive Landscape and Company Profiles
30.1. Personal Loans Market Competitive Landscape
30.2. Personal Loans Market Company Profiles
30.2.1. Wells Fargo & Company
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. Marcus by Goldman Sachs
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. American Express Company
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. The Goldman Sachs Group Inc.
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. Barclays PLC
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Personal Loans Market Other Major and Innovative Companies
31.1. Truist Financial Corporation
31.2. DBS Bank Ltd
31.3. Discover Financial Services
31.4. Citizens Financial Group Inc.
31.5. Navy Federal Credit Union
31.6. Rocket Loans
31.7. OneMain Financial
31.8. SoFi Technologies Inc.
31.9. PenFed Credit Union
31.10. Social Finance Inc.
31.11. LendingClub Bank
31.12. Freedom Financial Network LLC
31.13. Upstart
31.14. Payoff Inc.
31.15. LendingPoint
32. Global Personal Loans Market Competitive Benchmarking33. Global Personal Loans Market Competitive Dashboard34. Key Mergers and Acquisitions in the Personal Loans Market
35. Personal Loans Market Future Outlook and Potential Analysis
35.1 Personal Loans Market in 2028 - Countries Offering Most New Opportunities
35.2 Personal Loans Market in 2028 - Segments Offering Most New Opportunities
35.3 Personal Loans Market in 2028 - Growth Strategies
35.3.1 Market Trend-based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

Personal Loans Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on personal loans market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
  • Report will be updated with the latest data and delivered to you with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for personal loans? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Report Scope

Markets Covered:
1) By Type: P2P Marketplace Lending; Balance Sheet Lending
2) By Loan Tenure: Long Term Loans; Medium Term Loans; Short Term Loans
3) By Tenure Period: Less Than 2 Years; 2 Years To 4 Years; More Than 4 Years
4) By Application: Debt Consolidation; Home Improvement; Education; Other Applications
5) By End-user: Employed Individuals; Professionals; Students; Entrepreneur; Other End-users

Key Companies Mentioned: Wells Fargo & Company; Marcus by Goldman Sachs; American Express Company; The Goldman Sachs Group Inc.; Barclays PLC

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes

Delivery Format: PDF, Word and Excel Data Dashboard

Companies Mentioned

  • Wells Fargo & Company
  • Marcus by Goldman Sachs
  • American Express Company
  • The Goldman Sachs Group Inc.
  • Barclays PLC
  • Truist Financial Corporation
  • DBS Bank Ltd
  • Discover Financial Services
  • Citizens Financial Group Inc.
  • Navy Federal Credit Union
  • Rocket Loans
  • OneMain Financial
  • SoFi Technologies Inc.
  • PenFed Credit Union
  • Social Finance Inc.
  • LendingClub Bank
  • Freedom Financial Network LLC
  • Upstart
  • Payoff Inc.
  • LendingPoint
  • Best Egg
  • FreedomPlus
  • Earnest
  • Laurel Road
  • Avant LLC
  • Prosper Funding LLC
  • LightStream
  • EarnIn
  • Upgrade
  • Universal Credit
  • United Services Automobile Association
  • PNC Financial Services Group Inc
  • Toronto-Dominion Bank

Methodology

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