June 2022 | India News
Increasing Popularity of Digital Lending
Since
the BFSI market adopted digitization rapidly over the last few years, lending
has drastically changed in India. Traditional lending still exists in many
parts of the country. Nevertheless, digital lending solutions and services are
increasingly being adopted across enterprises due to the benefits provided by
digital solution providers. A key benefit of online lending is that it has
eliminated the hassles associated with seeking loans offline.
India
Digital Lending Market Future Outlook
Every corner of the world is now connected to the
Internet:
Lending
via digital platforms has become an effective alternative to traditional lending
methods. People of all demographics and geographies can now access financial
services online as the Internet reaches even the smallest of places in India. A
number of innovative products are being offered by fintech companies like
lending apps that have overcome traditional limitations, reduced transaction
costs, and enhanced customer service levels.
COVID-19 Impact on Digital Lending:
With
the customer being shut at their homes digital lending has been a savior in
those panic situations. As people were stuck at their digital lending gained
popularity during the covid-19 time. Consumers and businesses are increasingly
taking their transactions online due to restrictions implemented in 2020. As a
result, digital transactions have gained receptivity and confidence among
consumers, while instant loans from lending apps have increased their
proclivity. As a result of lower overhead costs, technology-driven
optimization, and minimal manual intervention, digital lenders can meet the
aggressive economic needs of the post-COVID era more efficiently.
The
report titled “India
Digital Lending Outlook to FY’2027” by Ken Research suggested that the
market has been showing significant and continuous growth. The market is
expected to grow at a positive CAGR. Increased use of smartphones, hassle-free
process, and quick approvals has been the driving force for increasing the
demand in the country. Focus on deploying technology to enhance the customer
experience will boost the market in India in the coming years.
Key Segments Covered
Digital Lending
- By Duration of
the loan
- By Type of
Lender
- By User Split
- By Type of
loan
- By Type of
loan
Digital Lending – NBFCs
- Type of Loans
- Type of
Consumer Loans
- Type of
Business Loans
- Type of
Business Loan Consumers
- Type of
Duration of Loan
- Type of Region
- Type of Zone
Request for Free Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTc0NDQ2
Time Period Captured in the Report:
Base Year: 2022P
Historical Period: 2017-2021
Forecast Period: 2023F–2027F
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
- Financial
Growth Analysis of Digital Lenders in India
- 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
