India Personal Loan Market 2020-2025

Dublin, July 31, 2020 (GLOBE NEWSWIRE) — The “Indian personal loan market by source (bank and non-bank financial corporation (NBFC)), by duration (less than 1 year; 2-3 years; and 4-5 years), by purpose (home improvement; marriage; travel; & Others), by Interest Rate (10%-15% & 16%-20%), Competition, Forecasts & Opportunities, 2025″ report has been added to from offer.

The Indian personal loan market is expected to grow at a terrific pace of around 10% over the forecast period. Growing income and expense gap coupled with growing aspirations especially among the young population are the major factors driving the Indian personal loan market. Moreover, the size of personal loans is much smaller and easy to access, which further propels the market. Additionally, digitization has led to lower costs, which is expected to influence the market positively in the coming years.

The Indian personal loan market is segmented on the basis of source, mandate, purpose, interest rate, company and region. Based on the source, the market can be divided into bank and non-bank financial company (NBFC). Banks are expected to dominate the market over the forecast period as bank penetration is far higher than any other credit union in the country. In addition, if an already existing bank customer requests a personal loan from this bank, he receives additional advantages and services. Based on the purpose, the market can be fragmented into home improvement, wedding, travel, and others. The marriage segment is expected to dominate the market since the Indian population generally opts for personal loans when it comes to their own marriage or that of a close relative.

The major players operating in the Indian personal loan market are IDFC First Bank, HDFC Bank, ICICI Bank, TATA Capital, Kotak Mahindra Bank, IndusInd Bank, Fullerton India, Bajaj FinServ, SBI Bank and others.

Years considered for this report:

  • Historical years: 2015-2018
  • Base year: 2019
  • Estimated year: 2020
  • Forecast period: 2021-2025

Goal of the study:

  • To analyze and forecast the market size of India Personal Loans Market.
  • Classify and forecast the Indian personal loan market based on source, mandate, purpose, interest rate, company, and regional distribution.
  • Identify the drivers and challenges of the Indian personal loan market.
  • Identify and analyze the profile of key players operating in the Indian personal loans market.

The study is helpful in providing answers to several critical questions which are important for industry stakeholders such as manufacturers, suppliers & partners, end users etc. besides enabling them to elaborate investment strategies and to capitalize on market opportunities.

Main topics covered:

1. Product introduction

2. Research methodology

3. Impact of COVID-19 on India personal loan market

4. Executive Summary

5. Voice of the customer

6. India Personal Loans Market Outlook
6.1. Market size and forecast
6.2. Market share and forecasts
6.3. Market attractiveness index

7. North India Personal Loans Market Outlook
7.1. Market size and forecast
7.2. Market share and forecasts

8. West India Personal Loans Market Outlook
8.1. Market size and forecast
8.2. Market share and forecasts

9. South India Personal Loans Market Outlook
9.1. Market size and forecast
9.2. Market share and forecasts

10. East India Personal Loan Market Outlook
10.1. Market size and forecast
10.2. Market share and forecasts

11. Market dynamics
11.1. Drivers
11.2. Challenges

12. Market trends and developments

13. Policy and regulatory landscape

14. India Economic Profile

15. Competitive Landscape
15.1. Company profile
15.1.1. Company Details
15.1.2. Service charges and fees
15.1.3. Documents required for the loan
15.1.4. Loan terms and conditions
15.2. First IDFC Bank
15.3. HDFC Bank
15.4. ICICI Bank
15.5. Capital TATA
15.6. Kotak Mahindra Bank
15.7. IndusInd Bank
15.8. Fullerton India
15.9. Bajaj FinServ
15.10. SBI Bank

16. Strategic Recommendations

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Priscilla C. Carnegie