The report titled “India Digital Lending Market Outlook to 2027” provides a comprehensive analysis of the digital Lending market in India. The report covers an overview and genesis of the industry, and market size on the basis of credit disbursed and segmented on the basis of loan duration, type of lender, number of users, and type of loans. Further, NBFC’s market segmentation is also mentioned on the type of region and tier city, type of loan, type of business loan consumer and type of consumer loan in digital lending. The report also includes trends and developments, issues and challenges and comparative landscape including competition scenario, market shares of major brands based, financial and operational cross-comparison between major players, concluding with future projections for digital lending in India.
India Digital Lending Overview and
Market Size
India’s
digital lending market has presented remarkable growth in the historical period
FY’2017-FY’2022P with a CAGR of 132%. As a result of the need for superior
customer experiences, emerging business models, faster turnaround time, and the
adoption of technology such as artificial intelligence, the sector has grown
steadily over the past few years. Since more and more consumers are using
digital avenues, the use of smartphones has increased significantly over the
past few years, resulting in an increase of 40-60% in the purchase of digital
loans.
Detailed Analysis of India Digital Lending Market by NBFCs
The
market for digital lending by NBFCs is on an upward trend and shows double
digit positive growth. The growing use of new technologies and digital tools,
including artificial intelligence (AI), machine learning, and data analytics,
is fostering this high-potential, high-value space and is also contributing to
an increase in purchasing of digital loans. The digital lending loans offered
by NBFCs are dominated by B2B and B2C business models.
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Competitive Landscape in India’s
Digital Lending Market
The
competition was observed to be highly fragmented, many players in the market
provide consumer loans and Business loans. There are few companies that operate
in the loan marketplace space.
India’s digital lending Market Future
Outlook and Projections
The
seamless customer experience offered by digital lending will result in more
borrowing in the coming years. There may be a convenience fee associated
with these apps, but they would meet people's immediate needs for funds quickly
and without hassle. The companies that are providing digital lending are coming
up with new technology which will make the process overall even more seamless
for the customers and will eventually increase customer satisfaction. Using
advanced AI and machine learning will reduce the cost in the future hence
improving the customer acquisition rate.
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
Credit Disbursed through Digital Channels
in India
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 Research Report
- 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).
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