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Personal Loans Market Size, Share | Growth Opportunities

The global personal loans market size was valued at $47.79 billion in 2020, and is projected to reach $719.31 billion by 2030, growing at a CAGR of 31.7% from 2021 to 2030.

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Personal Loans Market Size, Share | Growth Opportunities

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  1. Personal Loans Market : Global Opportunity Analysis and Industry Forecast, 2021-2030

  2. Personal Loans Market Overview Personal Loans Market Overview The global personal loans marketsize was valued at $47.79 billion in 2020, and is projected to reach $719.31 billion by 2030, growing at a CAGR of 31.7% from 2021 to 2030. Download Sample Report: Rapid increase in need for personal loans to consolidate debt, emergence of FinTechs (financial technology), and growth in demand for personal loans with lower interest rates drive growth of the global market. Personal loans provide wide range of options such as unsecured loans, secured loans, consigned loans, and others. Demand for personal loans is growing exponentially due to several benefits such as helping in eliminating financial stress & borrowers that qualify for a personal loan with a lower interest rate can streamline their monthly payments & save money for future financial consequences. ⚫ ⚫

  3. COVID COVID- -19 Impact Analysis 19 Impact Analysis During the pandemic, the Federal Reserve has held interest rates near zero, which can further reduce the cost of a personal loan. This is a major growth factor for the personal loans market in North America. However, Asia-Pacific is expected to grow at the highest CAGR during the forecast period, as several individuals continue to demand personal loans product to improve their standard of living in the region. The personal loans industry has been severely affected, owing to sudden business shutdown, economic slowdown, unprecedented recession, and instability in income levels of individuals. Moreover, transforming operating models, developing differentiated product offerings, and considering inorganic growth opportunities & strategic partnerships has become challenging factors for personal loan companies. As a result, these major factors affected the growth of the personal loans market during the pandemic situation. ⚫ ⚫

  4. Key Findings of the Study Key Findings of the Study American Express Avant, LLC Barclays PLC DBS Bank Ltd Goldman Sachs LendingClub Bank Prosper Funding LLC Social Finance, Inc. Truist Financial Corporation Wells Fargo ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫

  5. Key Findings of the Study Key Findings of the Study By type, the P2P marketplace lending segment led the highest personal loans market share, in terms of revenue in 2020. ⚫ On the basis of employment status, the business segment is expected to exhibit the fastest personal loans market growth rate during the forecast period. ⚫ Region wise, North America generated the highest revenue in 2020. ⚫

  6. Personal Loans Market Report Highlights Personal Loans Market Report Highlights By AGE LESS THAN 30 30-50 MORE THAN 50 By Type P2P MARKETPLACE LENDING BALANCE SHEET LENDING ⚫ ⚫ ⚫ ⚫ ⚫ By EMPLOYMENT STATUS SALARIED Male Female Others BUSINESS By MARITAL STATUS MARRIED SINGLE OTHERS ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫

  7. By Region By Region NORTH AMERICA US Canada EUROPE UK Germany France Italy Spain Netherlands Rest of Europe ASIA-PACIFIC China India Japan Singapore Australia Rest of Asia-Pacific LAMEA Latin America Middle East Africa ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫

  8. Contact Us: Contact Us: United States 1209 Orange Street, Corporation Trust Center, Wilmington, New Castle, Delaware 19801 USA. Int'l: +1-503-894-6022 Toll Free: +1-800-792-5285 Fax: +1-800-792-5285 help@alliedmarketresearch.com

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