Personal Loans Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, Canada, China, India, UK - Size and Forecast 2023-2027

Published: Oct 2023 Pages: 152 SKU: IRTNTR75597

Personal Loans Market Size 2023-2027

The personal loans market size is estimated to increase by USD 476.25 billion and grow at a CAGR of 11.79% between 2023 and 2027. The growth of the market depends on several factors, including the use of advanced technologies in the loan process, the rising requirement for money to fund lifestyles, and the increasing migration to smart urban cities. The use of advanced technologies is driving market growth. Banking and financial institutions are adopting AI and software to streamline loan processes, offering improved solutions to customers. AI facilitates online loan management, analysis, and fund disbursal, benefiting lenders and borrowers. The focus on streamlining loan operations through technology will drive the growth of the global market during the forecast period.

What will be the size of the Personal Loans Market During the Forecast Period?

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Market Segmentation 

This market report extensively covers market segmentation by application (short-term loans, medium-term loans, and long-term loans), type (P2P marketplace lending and balance sheet lending), and geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

By Application

The market share growth by the short-term loans segment will be significant during the forecast period. The function of short-term loans is like that of conventional loans. The only difference is that in short-term loans, the debt must be paid off within a year or less. It is easier to borrow for a period of time due to the fact that no collateral is required in respect of private loans. Hence, there will be considerable growth in the segment of short-term loans throughout the forecast period because it is easier for people to avail themselves of them.

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The short-term segment shows a gradual increase in the market share of USD 240.72 billion in 2017 and continue to grow by 2021. Short-term loan for business is usually taken for the financing of urgent assets such as accounts receivable and inventories. The short-term loan also makes it easier for borrowers to maintain a positive cash flow situation. Thus, the benefits associated with short-term loans will augment the demand during the forecast period. 

Regional Analysis

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North America is estimated to contribute 46% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

The market in North America is expected to grow during the forecast period, as countries in this region, such as the US, are among the most technologically advanced countries and are pioneers in the adoption of technologies such as AI and the Internet of Things (IoT). The top commercial lending banks in this region, such as Goldman Sachs, American Express, and Bank of America Corp., are investing in AI and IoT technologies by offering new applications and interfaces to provide better service to their customers. Thus, the presence of key companies in the region will drive the growth of the market in focus during the forecast period.

Market Dynamics and Customer Landscape

Personal Loans, a cornerstone of financial management, are influenced by various factors such as employment status, interest rates, and borrowing limits. Emerging trends like P2P Marketplace Lending and Balance Sheet Lending redefine lending landscapes. Challenges like bad debts and penalties underscore the importance of digitalized business operations leveraging technologies like chatbots, big data analytics, and artificial intelligence for efficient loan assessments and risk management. Increasing awareness and digitalization pave the way for innovations like digital credit platforms, offering short-term financing and quick lending processes driven by automation and AI technology.

Significant Market Trends

The rise in the adoption of cloud-based personal loan servicing software offerings is a primary trend in the personal loan market. The adoption of cloud computing is growing speedily all over the world due to the flexibility and cost benefits of cloud services. Organizations from all over the world are focusing their efforts on reducing overall capital expenditure and promoting new technologies with reduced CAPEX. To exploit the scaleability of hardware and resources provided by internet service providers, small firms and start-ups are taking advantage of Cloud solutions. Organizations can scale their workload when required, eliminating the need to set up their own data centers.

With the rise in the adoption of cloud-based services, vendors in the market have started to offer cloud-based loan servicing software.   A few vendors are forming partnerships and collaborations to introduce cloud-based solutions for financial institutes and gain more customers. Financial organizations have started using cloud-based loan servicing software due to the various benefits. The increasing use of cloud-based loan servicing software can boost the global market.

Major Market Challenge

The compliance and regulatory challenges related to loan is a major challenge in the market. Governing bodies subject financial institutions to follow certain requirements, regulations, compliances, and guidelines with the aim of maintaining the integrity of the financial system. There is no new legislation in the financial sector, but an extensive update over the last ten years has taken place.  Adhering to these regulations across different regions, such as North America and APAC, can be a challenging task for lenders.

Regulations and compliances change in each region and must be adhered to by financial organizations. In the case of a bank or finance institution operating in separate regions, it must comply with various rules set out by the Governments and Financial Institutions within those regions. In order to reduce the cost of compliance management, banking, and financial services firms are increasingly using technological solutions.  Personal loan providers should update their solutions to be compliant with the laws and regulations that are changing continuously. Thus, these factors are anticipated to restrain the growth of the global market during the forecast period.

Key Market Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Market Customer Landscape

Who are the Major Personal Loans Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Axis Bank Ltd. - The company offers personal loans up to Rs 40 lakhs with a tenure of up to 60 months.

The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

  • 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

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Application Outlook
    • Short term loans
    • Medium-term loans
    • Long term loans
  • Type Outlook
    • P2P marketplace lending
    • Balance sheet lending
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • APAC
      • Chili
      • Brazil
      • Argentina

Market Analyst Overview

In today's dynamic financial landscape, the market thrives on various factors like employment status, interest rates, and borrowing limits. With the emergence of fintech companies and online loan providers, obtaining personal loans has become more accessible. This market is influenced by digitalized business operations, employing tools such as chatbots, big data analytics, and artificial intelligence to streamline processes and enhance customer experiences. From debt consolidation to home renovations, personal loans cater to diverse needs, facilitated by short-term financing options and quick lending processes. However, challenges like credit history scrutiny and economic uncertainty persist.

Despite this, the market continues to evolve, driven by innovation and changing consumer demands. In the landscape of Personal Loans, factors like Personal Loans Age and Competitive Insights shape consumer decisions. Traditional options like credit unions and credit cards coexist with newer alternatives, while challenges such as bad debts and penalties underscore the importance of responsible borrowing. Platforms like Zopa offer innovative solutions, leveraging digitalization, automation, and AI technology to streamline processes and enhance loan assessments for individuals. From addressing urgent needs to financing home improvements or dream weddings, personal loans cater to diverse requirements, emphasizing convenience and flexibility. However, borrowers must navigate through origination fees, prepayment penalties, and the approval process, ensuring informed decisions aligned with their financial goals and needs.

In the dynamic realm of personal finance, individuals navigate a landscape shaped by factors such as awareness and employment history. Digital credit platforms offer solutions like instantaneous loans, streamlining the approval procedure and accommodating varying loan volumes. Amidst a competitive environment, borrowers consider factors like loan length and repayment, whether it's for everyday needs, dream weddings, or substantial investments like home loans or gold loans.

Personal Loans Market Scope

Report Coverage

Details

Page number

152

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 11.79%

Market growth 2023-2027

USD 476.25 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

10.07

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 46%

Key countries

US, Canada, China, India, and the UK

Competitive landscape

Leading Companies , Market Positioning of Companies , Competitive Strategies, and Industry Risks

Key companies profiled

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.

Market dynamics

Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market growth analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global personal loans market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global personal loans market 2017 - 2021 ($ billion)
    • 4.2 Application Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ billion)
    • 4.3 Type Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Short term loans - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Short term loans - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Short term loans - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Short term loans - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Short term loans - Year-over-year growth 2022-2027 (%)
    • 6.4 Medium term loans - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Medium term loans - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Medium term loans - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Medium term loans - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Medium term loans - Year-over-year growth 2022-2027 (%)
    • 6.5 Long term loans - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Long term loans - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 43: Data Table on Long term loans - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 44: Chart on Long term loans - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Long term loans - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by Application
      • Exhibit 46: Market opportunity by Application ($ billion)
      • Exhibit 47: Data Table on Market opportunity by Application ($ billion)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 48: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 49: Data Table on Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Type
      • Exhibit 50: Chart on Comparison by Type
      • Exhibit 51: Data Table on Comparison by Type
    • 7.3 P2P marketplace lending - Market size and forecast 2022-2027
      • Exhibit 52: Chart on P2P marketplace lending - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 53: Data Table on P2P marketplace lending - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 54: Chart on P2P marketplace lending - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on P2P marketplace lending - Year-over-year growth 2022-2027 (%)
    • 7.4 Balance sheet lending - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Balance sheet lending - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 57: Data Table on Balance sheet lending - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 58: Chart on Balance sheet lending - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Balance sheet lending - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Type
      • Exhibit 60: Market opportunity by Type ($ billion)
      • Exhibit 61: Data Table on Market opportunity by Type ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 63: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 64: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 65: Chart on Geographic comparison
      • Exhibit 66: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 67: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 APAC - Market size and forecast 2022-2027
      • Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 UK - Market size and forecast 2022-2027
      • Exhibit 91: Chart on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 92: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 93: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.10 China - Market size and forecast 2022-2027
      • Exhibit 95: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 96: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.11 India - Market size and forecast 2022-2027
      • Exhibit 99: Chart on India - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 100: Data Table on India - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 101: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.12 Canada - Market size and forecast 2022-2027
      • Exhibit 103: Chart on Canada - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 104: Data Table on Canada - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 105: Chart on Canada - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on Canada - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 107: Market opportunity by geography ($ billion)
      • Exhibit 108: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 109: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 111: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 112: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 113: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 114: Matrix on vendor position and classification
            • 12.3 Axis Bank Ltd.
              • Exhibit 115: Axis Bank Ltd. - Overview
              • Exhibit 116: Axis Bank Ltd. - Business segments
              • Exhibit 117: Axis Bank Ltd. - Key offerings
              • Exhibit 118: Axis Bank Ltd. - Segment focus
            • 12.4 Canara Bank
              • Exhibit 119: Canara Bank - Overview
              • Exhibit 120: Canara Bank - Product / Service
              • Exhibit 121: Canara Bank - Key offerings
            • 12.5 Cholamandalam Investment and Finance Co. Ltd.
              • Exhibit 122: Cholamandalam Investment and Finance Co. Ltd. - Overview
              • Exhibit 123: Cholamandalam Investment and Finance Co. Ltd. - Business segments
              • Exhibit 124: Cholamandalam Investment and Finance Co. Ltd. - Key offerings
              • Exhibit 125: Cholamandalam Investment and Finance Co. Ltd. - Segment focus
            • 12.6 Finbud Financial Services Pvt Ltd
              • Exhibit 126: Finbud Financial Services Pvt Ltd - Overview
              • Exhibit 127: Finbud Financial Services Pvt Ltd - Product / Service
              • Exhibit 128: Finbud Financial Services Pvt Ltd - Key offerings
            • 12.7 HDFC Bank Ltd.
              • Exhibit 129: HDFC Bank Ltd. - Overview
              • Exhibit 130: HDFC Bank Ltd. - Business segments
              • Exhibit 131: HDFC Bank Ltd. - Key offerings
              • Exhibit 132: HDFC Bank Ltd. - Segment focus
            • 12.8 HSBC Holdings Plc
              • Exhibit 133: HSBC Holdings Plc - Overview
              • Exhibit 134: HSBC Holdings Plc - Business segments
              • Exhibit 135: HSBC Holdings Plc - Key news
              • Exhibit 136: HSBC Holdings Plc - Key offerings
              • Exhibit 137: HSBC Holdings Plc - Segment focus
            • 12.9 ICICI Bank Ltd.
              • Exhibit 138: ICICI Bank Ltd. - Overview
              • Exhibit 139: ICICI Bank Ltd. - Business segments
              • Exhibit 140: ICICI Bank Ltd. - Key offerings
              • Exhibit 141: ICICI Bank Ltd. - Segment focus
            • 12.10 IDBI Bank Ltd.
              • Exhibit 142: IDBI Bank Ltd. - Overview
              • Exhibit 143: IDBI Bank Ltd. - Business segments
              • Exhibit 144: IDBI Bank Ltd. - Key offerings
              • Exhibit 145: IDBI Bank Ltd. - Segment focus
            • 12.11 Indian Overseas Bank
              • Exhibit 146: Indian Overseas Bank - Overview
              • Exhibit 147: Indian Overseas Bank - Product / Service
              • Exhibit 148: Indian Overseas Bank - Key offerings
            • 12.12 Mahindra and Mahindra Financial Services Ltd.
              • Exhibit 149: Mahindra and Mahindra Financial Services Ltd. - Overview
              • Exhibit 150: Mahindra and Mahindra Financial Services Ltd. - Product / Service
              • Exhibit 151: Mahindra and Mahindra Financial Services Ltd. - Key offerings
            • 12.13 Punjab National Bank
              • Exhibit 152: Punjab National Bank - Overview
              • Exhibit 153: Punjab National Bank - Business segments
              • Exhibit 154: Punjab National Bank - Key offerings
              • Exhibit 155: Punjab National Bank - Segment focus
            • 12.14 State Bank of India
              • Exhibit 156: State Bank of India - Overview
              • Exhibit 157: State Bank of India - Business segments
              • Exhibit 158: State Bank of India - Key offerings
              • Exhibit 159: State Bank of India - Segment focus
            • 12.15 UCO BANK
              • Exhibit 160: UCO BANK - Overview
              • Exhibit 161: UCO BANK - Product / Service
              • Exhibit 162: UCO BANK - Key offerings
            • 12.16 Union Bank of India
              • Exhibit 163: Union Bank of India - Overview
              • Exhibit 164: Union Bank of India - Product / Service
              • Exhibit 165: Union Bank of India - Key offerings
            • 12.17 Whizdm Innovations Pvt. Ltd.
              • Exhibit 166: Whizdm Innovations Pvt. Ltd. - Overview
              • Exhibit 167: Whizdm Innovations Pvt. Ltd. - Product / Service
              • Exhibit 168: Whizdm Innovations Pvt. Ltd. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 169: Inclusions checklist
                • Exhibit 170: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 171: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 172: Research methodology
                • Exhibit 173: Validation techniques employed for market sizing
                • Exhibit 174: Information sources
              • 13.5 List of abbreviations
                • Exhibit 175: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

              PURCHASE FULL REPORT OF

              personal loans market

              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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