The personal loan market will explode | LightStream, Social Finance, Reimbursement
Advance Market Analytics has released a new research publication on “Personal Loan Market Outlook to 2026” with 232 pages and enriched with self-explanatory tables and charts in a presentable format. In the study, you will find new trends, drivers, restraints and evolving opportunities generated by targeting stakeholders associated with the market. The growth of the personal loan market has been primarily driven by increased R&D spending across the world.
Some of the main players presented in the study are:
LightStream (US), Social Finance, Inc. (US), Citizens Financial Group, Inc. (US), Marcus Goldman (Germany), FreedomPlus (US), Payoff, Inc. (US) United States), OneMain Holdings, Inc. (United States), Avant, LLC (United States), Prosper Marketplace, Inc. (United States), LendingClub (United States)
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Scope of the personal loan report
Personal loans are types of loans that help meet the current financial needs of users. It is used for various purposes such as home improvement, medical contingencies, weddings, education, travel, among others. It offers various advantages such as donâ €no collateral needed, can borrow any amount, rates are reasonable, do notI don’t need great credit, have a lot of time to pay and others.
The titled segments and subsections of the market are illuminated below:
by type (unsecured personal loans, secured personal loans, fixed rate loans, variable rate loans, debt consolidation loans, co-signer loans, personal line of credit, other types of loans), interest rate (10% – 15%, 16% -20%, 20% or more), Loan Amount (0-5000 USD, 5000-50000 USD, 50,000 USD or more), Purpose (Home Renovation, Marriage, Education, Travel, Other), Duration (Less than 1 year, 2-3 years and 4-5 years), source (bank, non-bank financial company (NBFC))
Growing demand for personal loan apps for quick cash flow needs
More and more consumers are now taking out personal loans for their purchases
Increased awareness of the benefits of personal loans
Issue with prepayment penalties and potential for scams
Growing demand from emerging markets such as China, India, Brazil, among others
The regions included are: North America, Europe, Asia-Pacific, Oceania, South America, Middle East and Africa
Distribution at country level: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (United Kingdom), Netherlands, Spain, Italy , Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand, etc.
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Strategic Points Covered In Table Of Contents Of Global Personal Loans Market:
Chapter 1: Introduction, Market Driving Product Objective of Study and Research Scope of Personal Loans Market
Chapter 2: Exclusive Summary – Basic Information of Personal Loan Market.
Chapter 3: Viewing Market Dynamics – Personal Loan Drivers, Trends and Challenges
Chapter 4: Porters Five Forces Personal Loan Market Factor Analysis Overview, Supply / Value Chain, PESTEL Analysis, Market Entropy, Patent / Trademark Analysis.
Chapter 5: Display Market Size by Type, End User and Region 2015-2020
Chapter 6: Major Manufacturers Assessment of the Personal Loans Market which consists of its competitive landscape, peer group analysis, BCG Matrix and Company Profile
Chapter 7: To assess the Market by Segments, Country and Manufacturers with Revenue Share and Sales by Key Countries (2021-2026).
Chapter 8 & 9: Viewing Appendix, Methodology and Data Source
Finally, the personal loan market is a valuable source of advice for individuals and businesses as part of the decision.
Read the detailed index of the full research study at @ https://www.advancemarketanalytics.com/reports/88102-global-personal-loans-market
Craig Francis (Public Relations and Marketing Manager)
AMA Research & Media LLP
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