India Digital Lending Market Overview
A positive growth rate is being
observed in the Indian digital lending market because of the benefits it
provides to the consumers over digital channels. As a result of the
accessibility and ease of use of these platforms, customers have begun to make
the switch from traditional lending methods to digital lending methods. Several
other benefits, such as the variety of loans available, short processing times,
lower interest rates, and an increase in smartphone use in India, have also
contributed to the growth of the digital lending market. The government is also
coming up with measures to boost digital lending in the country, RBI and other
banks are constantly working on digital growth in India. Digital Lending has
also gained popularity in India as NBFC platforms have collaborated with other
digital platforms such as e-commerce, ride-hailing, travel, logistics, and
more, resulting in greater acceptance of digital lending across various
customer segments.
Even though India Lending
suffered a major blow in the covid-19, digital lending grew rapidly during the
pandemic. As a result of the social distance and avoiding in-person visits,
people opted for digital lending as a way to stay safe in their
homes. During the covid pandemic, Indian digital lenders began
restructuring their product portfolios. One example is HAPPY, a machine
learning-based MSME lender that launched 'lockdown loans' to target about
one-fourth of India's 69 million MSMEs. The goal was to facilitate
seamless liquidity access for the affected microenterprises. With these digital
credit facilitation facilities, not only are we expanding the scope of
financial inclusion, but also are opening up new opportunities for non-urban
dwellers. Furthermore, enhancing the social development of the economy.
Request for Free Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTc0NDQ2
India
Digital Lending Market Size: India
Digital Lending Market is the sum total of the Digital Loans Provided to the
consumers through Digital Channels via Online Platforms and Mobiles in India
India
Digital Lending Market Size by NBFCs: India Digital Lending Market by NBFCs is the sum total of the Digital
Loans Provided to the consumers through Digital Channels via Online Platforms
and Mobiles apps by Organized and Unorganized NBFCs in India.
India Digital
Lending Market Future Outlook and Projections
The digital lending market is
growing rapidly thanks to an increasing number of alternative lending practices
that are affordable and will continue to do so in the coming years. Digital
lending is expected to increase in demand in the near future given the steady
adoption rate. Another factor contributing to this market growth is changes in
consumer behavior and more use of smartphones nowadays.
Companies
Covered:
- Pine Labs
- PayU
- Faircent
- Capital Float
- Lending Kart
- Aye Finance
- Moneyview
- Kissht and other
Key Topics
Covered in the Report
- India’s digital lending market overview and
genesis
- India Digital Lending Market Future Outlook
- Supply side ecosystem
- SWOT Analysis of India’s Digital Lending
Market
- Impact of Covid-19 on Digital Lending
- Challenges and Bottle Necks in India’s Digital
Lending Market
- Growth Drivers and Enablers for the Digital
Lending Market in India
- Traditional and Non Traditional Operating
Models
- Funding Scenario in Digital Lending Market
- Detailed Analysis of India Digital Lending
Market (Market size on the basis of Credit Disbursed, Market Segmentations
by Type of Lenders, Type of Loans and Loan Durations)
- Detailed Analysis of India Digital Lending –
By NBFCs (Market size on the basis of Credit Disbursed, Market
Segmentations by Type of Loans, Type of End Users, Type of Region and
Zone, Type of Loan Security and Loan Durations)
- Government initiatives and regulations, growth
drivers
- Future Market Projections for Digital Lending
Market in India, FY’2027
- Future Trends and Technologies
- Details analysis of Competition in India
Digital Lending Market (Market Shares; Cross Competition, Financial Cross
comparison of Major Players, Strength and Weakness of Major players).
Related Reports:
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing &
Communications
