Opportunities in India Personal Loan Market by Source, Term, Purpose, Interest Rate and Competition to 2025 – ResearchAndMarkets.com


DUBLIN – (COMMERCIAL THREAD) – The “Indian market for personal loans by source (bank and non-bank financial corporation (NBFC)), by tenure (less than one year; 2-3 years; and 4-5 years), by objective (home improvement; Marriage; travel; and others), by interest rate (10% -15% and 16% -20%), the Competition, Forecasts and Opportunities, 2025 report has been added to ResearchAndMarkets.com offer.

The Indian personal loan market is expected to grow at a formidable rate of around 10% during 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. In addition, the size of personal loans is much smaller and easy to access which further propels the market. In addition, digitization has resulted in lower costs, which should positively influence the market in the years to come.

The Indian personal loan market is segmented on the basis of source, tenure, purpose, interest rate, company, and region. Depending on the source, the market can be divided into bank and non-bank financial corporations (NBFC). Banks are expected to dominate the market over the forecast period as the penetration of banks 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 benefits from additional benefits 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, as 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

  • Baseline year: 2019

  • Estimated year: 2020

  • Forecast period: 2021-2025

Goal of the study:

  • To analyze and forecast the market size of the Indian personal loan market.

  • To classify and forecast the India personal loan market on the basis of source, tenure, purpose, interest rate, company, and regional distribution.

  • Identify the drivers and challenges of the Indian personal loan market.

  • Identify and analyze the profile of the major players operating in the Indian personal loans market.

The study is useful in providing answers to several critical questions that are important to industry players such as manufacturers, suppliers and partners, end users, etc., in addition to enabling them to develop investment strategies and capitalize on market opportunities.

Main topics covered:

1. Product overview

2. Research methodology

3. Impact of COVID-19 on the Indian Personal Loan Market

4. Executive summary

5. Voice of the customer

6. India Personal Loan Market Outlook

6.1. Market size and forecast

6.2. Market share and forecasts

6.3. Market attractiveness index

7. North India Personal Loan Market Outlook

7.1. Market size and forecast

7.2. Market share and forecasts

8. West India Personal Loan Market Outlook

8.1. Market size and forecast

8.2. Market share and forecasts

9. South India Personal Loan Market Outlook

9.1. Market size and forecast

9.2. Market share and forecasts

10. Eastern India Personal Loan Market Outlook

10.1. Market size and forecast

10.2. Market share and forecasts

11. Market dynamics

11.1. Conductors

11.2. Challenges

12. Market trends and developments

13. Political and regulatory landscape

14. Economic profile of India

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. IDFC Premier 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

For more information on this report, visit https://www.researchandmarkets.com/r/ceonrm

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