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The personal loans market is forecasted to grow by USD 623.3 billion during 2023-2028, accelerating at a CAGR of 13.54% during the forecast period. The report on the personal loans market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by use of advanced technologies in loan process, rising requirement of money to fund lifestyles, and increasing migration to smart urban cities.
The personal loans market is segmented as below:
By Application
- Short term loans
- Medium term loans
- Long term loans
By Type
- P2P marketplace lending
- Balance sheet lending
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
The report on the personal loans market covers the following areas:
- Personal loans market sizing
- Personal loans market forecast
- Personal loans market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. IT presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global personal loans market: Axis Bank Ltd., Bajaj Finserv Ltd., Canara Bank, Cholamandalam Investment and Finance Co. Ltd., Citigroup Inc., Finbud Financial Services Pvt Ltd, HDFC Bank Ltd., HSBC Holdings PLC, ICICI Bank Ltd., IDBI Bank Ltd., Indian Overseas Bank, Mahindra and Mahindra Financial Services Ltd., PPF Group, Punjab National Bank, State Bank of India, Tata Sons Pvt. Ltd., UCO BANK, Union Bank of India, Whizdm Innovations Pvt. Ltd., and Yes Bank Ltd..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is rise in adoption of cloud-based personal loan servicing software offerings."
According to the report, one of the major drivers for this market is the use of advanced technologies in loan process.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Axis Bank Ltd.
- Bajaj Finserv Ltd.
- Canara Bank
- Cholamandalam Investment and Finance Co. Ltd.
- Citigroup Inc.
- Finbud Financial Services Pvt Ltd
- HDFC Bank Ltd.
- HSBC Holdings Plc
- ICICI Bank Ltd.
- IDBI Bank Ltd.
- Indian Overseas Bank
- Mahindra and Mahindra Financial Services Ltd.
- PPF Group
- Punjab National Bank
- State Bank of India
- Tata Sons Pvt. Ltd.
- UCO BANK
- Union Bank of India
- Whizdm Innovations Pvt. Ltd.
- Yes Bank Ltd.
