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Market Research Report
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1030574

Global Personal Loans Market Size study, by Type, by Age, by Marital Status, by Employment Status and Regional Forecasts 2021-2027

Published: | Bizwit Research & Consulting LLP | Delivery time: 2-3 business days

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Global Personal Loans Market Size study, by Type, by Age, by Marital Status, by Employment Status and Regional Forecasts 2021-2027
Published: September 25, 2021
Bizwit Research & Consulting LLP
Delivery time: 2-3 business days
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  • Table of Contents
Description

Global Personal Loans Market is valued at approximately USD XX million in 2020 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2021-2027. A personal loan is a sum of money obtained by an individual for a variety of reasons, such as home renovations, debt consolidation, or wedding expenses. Personal loans are also often available from banks, credit unions, and online lending providers. Furthermore, personal loans often have lower interest rates than credit cards and can be used to combine many credit card bills into a single monthly payment that is less expensive. Personal loans are attracting a larger number of consumers due to cheap interest rates and bigger borrowing limits, which is a major driving factor for market expansion. Furthermore, personal loans with a single fixed-rate monthly payment are easier to handle than a number of credit cards with varying interest rates, payment due dates, and other factors. These variables all contribute to the personal loan market's expansion. Over the previous two years, both public sector banks (PSBs) and private sector banks (PvBs) have lost considerable volume share in PLs. PSBs' market share in PLs fell from 40.07 percent in March 2018 to 23.83 percent in March 2020 in terms of volume. Their market share was 24.41 percent in August 2020. Personal loans provide a plethora of advantages for why they are in high demand among consumers. The loan amount is usually accepted without the need for collateral. Furthermore, one of the primary advantages of taking out a personal loan is that it allows you to handle many credit cards with varied interest rates and payment due dates. Furthermore, borrowers who qualify for a personal loan with a lower interest rate than their credit cards can simplify their monthly payments and save money for future financial obligations. As a result, the advantages given by personal loans are becoming important drivers of market expansion. However, Individuals taking out personal loans are incurring more bad debts, and personal loan rates and penalties are increasing which may impede market growth over the forecast period of 2021-2027.

The regional analysis of the Global Personal Loans Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World (ROW). North America is the leading region across the world in terms of market share due to Increase in adoption of advanced technologies such as chatbots, IoT, AI, and big data analytics in the region. Whereas Asia Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to Increasing Awareness and Acceptance of personal loans by consumers across Asia-Pacific.

Major market player included in this report are:

American Express

Avant LLC

Barclays PLC

DBS Bank Ltd

Goldman Sachs

LendingClub Bank,

Prosper Funding LLC

Social Finance, Inc.

Truist Financial Corporation

Wells Fargo

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

P2P Marketplace Lending

Balance Sheet Lending

By Age:

Less than 30

30-50

More than 50

By Marital Status:

Married

Single

Others

By Employment Status:

Salaried

Male

Female

Others

Business

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2017, 2018-19

Base year - 2019-2020

Forecast period - 2021 to 2027.

Target Audience of the Global Personal Loans Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Table of Contents

Table of Contents

Chapter 1. Executive Summary

  • 1.1. Market Snapshot
  • 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
    • 1.2.1. Personal Loans Market, by Region, 2019-2027 (USD Billion)
    • 1.2.2. Personal Loans Market, by Type, 2019-2027 (USD Billion)
    • 1.2.3. Personal Loans Market, by Age, 2019-2027 (USD Billion)
    • 1.2.4. Personal Loans Market, by Marital Status, 2019-2027 (USD Billion)
    • 1.2.5. Personal Loans Market, by Employment Status, 2019-2027 (USD Billion)
  • 1.3. Key Trends
  • 1.4. Estimation Methodology
  • 1.5. Research Assumption

Chapter 2. Global Personal Loans Market Definition and Scope

  • 2.1. Objective of the Study
  • 2.2. Market Definition & Scope
    • 2.2.1. Scope of the Study
    • 2.2.2. Industry Evolution
  • 2.3. Years Considered for the Study
  • 2.4. Currency Conversion Rates

Chapter 3. Global Personal Loans Market Dynamics

  • 3.1. Personal Loans Market Impact Analysis (2019-2027)
    • 3.1.1. Market Drivers
      • 3.1.1.1. fast loan approval with no restriction
      • 3.1.1.2. Growing awareness about the payday loan among the youth population
    • 3.1.2. Market Restraint
      • 3.1.2.1. high interest rates
    • 3.1.3. Market Opportunities
      • 3.1.3.1. presence of large number of personal loan lenders

Chapter 4. Global Personal Loans Market Industry Analysis

  • 4.1. Porter's 5 Force Model
    • 4.1.1. Bargaining Power of Suppliers
    • 4.1.2. Bargaining Power of Buyers
    • 4.1.3. Threat of New Entrants
    • 4.1.4. Threat of Substitutes
    • 4.1.5. Competitive Rivalry
    • 4.1.6. Futuristic Approach to Porter's 5 Force Model (2018-2027)
  • 4.2. PEST Analysis
    • 4.2.1. Political
    • 4.2.2. Economical
    • 4.2.3. Social
    • 4.2.4. Technological
  • 4.3. Investment Adoption Model
  • 4.4. Analyst Recommendation & Conclusion

Chapter 5. Global Personal Loans Market, by Type

  • 5.1. Market Snapshot
  • 5.2. Global Personal Loans Market by Type , Performance - Potential Analysis
  • 5.3. Global Personal Loans Market Estimates & Forecasts by Type 2018-2027 (USD Billion)
  • 5.4. Personal Loans Market, Sub Segment Analysis
    • 5.4.1. P2P Marketplace Lending
    • 5.4.2. Balance Sheet Lending

Chapter 6. Global Personal Loans Market, by Age

  • 6.1. Market Snapshot
  • 6.2. Global Personal Loans Market by Age, Performance - Potential Analysis
  • 6.3. Global Personal Loans Market Estimates & Forecasts by Age 2018-2027 (USD Billion)
  • 6.4. Personal Loans Market, Sub Segment Analysis
    • 6.4.1. Less than 30
    • 6.4.2. 30-50
    • 6.4.3. More than 50

Chapter 7. Global Personal Loans Market, by Marital Status

  • 7.1. Market Snapshot
  • 7.2. Global Personal Loans Market by Marital Status, Performance - Potential Analysis
  • 7.3. Global Personal Loans Market Estimates & Forecasts by Marital Status 2018-2027 (USD Billion)
  • 7.4. Personal Loans Market, Sub Segment Analysis
    • 7.4.1. Married
    • 7.4.2. Single
    • 7.4.3. Others

Chapter 8. Global Personal Loans Market, by Employment Status

  • 8.1. Market Snapshot
  • 8.2. Global Personal Loans Market by Employment Status, Performance - Potential Analysis
  • 8.3. Global Personal Loans Market Estimates & Forecasts by Employment Status 2018-2027 (USD Billion)
  • 8.4. Personal Loans Market, Sub Segment Analysis
    • 8.4.1. Salaried
    • 8.4.2. Male
    • 8.4.3. Female
    • 8.4.4. Others
    • 8.4.5. Business

Chapter 9. Global Personal Loans Market, Regional Analysis

  • 9.1. Personal Loans Market, Regional Market Snapshot
  • 9.2. North America Personal Loans Market
    • 9.2.1. U.S. Personal Loans Market
      • 9.2.1.1. Type breakdown estimates & forecasts, 2018-2027
      • 9.2.1.2. Age breakdown estimates & forecasts, 2018-2027
      • 9.2.1.3. Marital Status breakdown estimates & forecasts, 2018-2027
      • 9.2.1.4. Employment Status breakdown estimates & forecasts, 2018-2027
    • 9.2.2. Canada Personal Loans Market
  • 9.3. Europe Personal Loans Market Snapshot
    • 9.3.1. U.K. Personal Loans Market
    • 9.3.2. Germany Personal Loans Market
    • 9.3.3. France Personal Loans Market
    • 9.3.4. Spain Personal Loans Market
    • 9.3.5. Italy Personal Loans Market
    • 9.3.6. Rest of Europe Personal Loans Market
  • 9.4. Asia-Pacific Personal Loans Market Snapshot
    • 9.4.1. China Personal Loans Market
    • 9.4.2. India Personal Loans Market
    • 9.4.3. Japan Personal Loans Market
    • 9.4.4. Australia Personal Loans Market
    • 9.4.5. South Korea Personal Loans Market
    • 9.4.6. Rest of Asia Pacific Personal Loans Market
  • 9.5. Latin America Personal Loans Market Snapshot
    • 9.5.1. Brazil Personal Loans Market
    • 9.5.2. Mexico Personal Loans Market
  • 9.6. Rest of The World Personal Loans Market

Chapter 10. Competitive Intelligence

  • 10.1. Top Market Strategies
  • 10.2. Company Profiles
    • 10.2.1. American Express
      • 10.2.1.1. Key Information
      • 10.2.1.2. Overview
      • 10.2.1.3. Financial (Subject to Data Availability)
      • 10.2.1.4. Product Summary
      • 10.2.1.5. Recent Developments
    • 10.2.2. Avant, LLC
    • 10.2.3. Barclays PLC
    • 10.2.4. DBS Bank Ltd
    • 10.2.5. Goldman Sachs
    • 10.2.6. LendingClub Bank
    • 10.2.7. Prosper Funding LLC
    • 10.2.8. Social Finance, Inc.
    • 10.2.9. Truist Financial Corporation
    • 10.2.10. Wells Fargo

Chapter 11. Research Age

  • 11.1. Research Age
    • 11.1.1. Data Mining
    • 11.1.2. Analysis
    • 11.1.3. Market Estimation
    • 11.1.4. Validation
    • 11.1.5. Publishing
  • 11.2. Research Attributes
  • 11.3. Research Assumption

LIST OF TABLES

  • TABLE 1. Global Personal Loans Market, report scope
  • TABLE 2. Global Personal Loans Market estimates & forecasts by region 2018-2027 (USD Billion)
  • TABLE 3. Global Personal Loans Market estimates & forecasts by Type 2018-2027 (USD Billion)
  • TABLE 4. Global Personal Loans Market estimates & forecasts by Age 2018-2027 (USD Billion)
  • TABLE 5. Global Personal Loans Market estimates & forecasts by Marital Status 2018-2027 (USD Billion)
  • TABLE 6. Global Personal Loans Market estimates & forecasts by Employment Status 2018-2027 (USD Billion)
  • TABLE 7. Global Personal Loans Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 8. Global Personal Loans Market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 9. Global Personal Loans Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 10. Global Personal Loans Market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 11. Global Personal Loans Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 12. Global Personal Loans Market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 13. Global Personal Loans Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 14. Global Personal Loans Market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 15. Global Personal Loans Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 16. Global Personal Loans Market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 17. Global Personal Loans Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 18. Global Personal Loans Market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 19. Global Personal Loans Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 20. Global Personal Loans Market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 21. Global Personal Loans Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 22. Global Personal Loans Market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 23. U.S. Personal Loans Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 24. U.S. Personal Loans Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 25. U.S. Personal Loans Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 26. Canada Personal Loans Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 27. Canada Personal Loans Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 28. Canada Personal Loans Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 29. UK Personal Loans Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 30. UK Personal Loans Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 31. UK Personal Loans Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 32. Germany Personal Loans Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 33. Germany Personal Loans Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 34. Germany Personal Loans Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 35. France Personal Loans Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 36. France Personal Loans Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 37. France Personal Loans Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 38. Spain Personal Loans Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 39. Spain Personal Loans Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 40. Spain Personal Loans Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 41. Italy Personal Loans Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 42. Italy Personal Loans Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 43. Italy Personal Loans Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 44. ROE Personal Loans Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 45. ROE Personal Loans Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 46. ROE Personal Loans Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 47. China Personal Loans Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 48. China Personal Loans Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 49. China Personal Loans Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 50. India Personal Loans Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 51. India Personal Loans Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 52. India Personal Loans Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 53. Japan Personal Loans Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 54. Japan Personal Loans Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 55. Japan Personal Loans Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 56. Australia Personal Loans Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 57. Australia Personal Loans Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 58. Australia Personal Loans Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 59. South Korea Personal Loans Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 60. South Korea Personal Loans Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 61. South Korea Personal Loans Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 62. ROPAC Personal Loans Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 63. ROPAC Personal Loans Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 64. ROPAC Personal Loans Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 65. Brazil Personal Loans Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 66. Brazil Personal Loans Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 67. Brazil Personal Loans Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 68. Mexico Personal Loans Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 69. Mexico Personal Loans Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 70. Mexico Personal Loans Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 71. ROLA Personal Loans Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 72. ROLA Personal Loans Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 73. ROLA Personal Loans Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 74. ROW Personal Loans Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 75. ROW Personal Loans Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 76. ROW Personal Loans Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 77. List of secondary sources used in the study of global Personal Loans Market.
  • TABLE 78. List of primary sources used in the study of global Personal Loans Market.
  • TABLE 79. Years considered for the study.
  • TABLE 80. Exchange rates considered.

LIST OF FIGURES

List of figures

  • FIG 1. Global Personal Loans Market, research methodology
  • FIG 2. Global Personal Loans Market, market estimation techniques
  • FIG 3. Global market size estimates & forecast methods
  • FIG 4. Global Personal Loans Market, key trends 2019
  • FIG 5. Global Personal Loans Market, growth prospects 2020-2027
  • FIG 6. Global Personal Loans Market, porters 5 force model
  • FIG 7. Global Personal Loans Market, pest analysis
  • FIG 8. Global Personal Loans Market, value chain analysis
  • FIG 9. Global Personal Loans Market by segment, 2018 & 2027 (USD Billion)
  • FIG 10. Global Personal Loans Market by segment, 2018 & 2027 (USD Billion)
  • FIG 11. Global Personal Loans Market by segment, 2018 & 2027 (USD Billion)
  • FIG 12. Global Personal Loans Market by segment, 2018 & 2027 (USD Billion)
  • FIG 13. Global Personal Loans Market by segment, 2018 & 2027 (USD Billion)
  • FIG 14. Global Personal Loans Market by segment, 2018 & 2027 (USD Billion)
  • FIG 15. Global Personal Loans Market by segment, 2018 & 2027 (USD Billion)
  • FIG 16. Global Personal Loans Market by segment, 2018 & 2027 (USD Billion)
  • FIG 17. Global Personal Loans Market, regional snapshot 2018 & 2027
  • FIG 18. North America Personal Loans Market 2018 & 2027 (USD Billion)
  • FIG 19. Europe Personal Loans Market 2018 & 2027 (USD Billion)
  • FIG 20. Asia-Pacific Personal Loans Market 2018 & 2027 (USD Billion)
  • FIG 21. Latin America Personal Loans Market 2018 & 2027 (USD Billion)
  • FIG 22. Global Personal Loans Market, company market share analysis (2019)