Personal Loans Market

Over the last 10 years, investors funneled many billions of dollars into the personal loan market. These investments came in the form of venture capital, various bond structures and even direct investments in loans. Fueled by this influx of capital (and some innovative technologists), the once stagnant personal loans industry exploded with double-digit growth rates.

In 2018, the number of personal loan accounts rose to 19.5 million. An increase of 12.5% from 2017 (source). Subprime originations grew 28% between Q2 2017 and Q2 2018. In contrast, originations for subprime borrowers dropped by 7.1% between 2016 and 2018.

Has the personal loan boom reached its peak? SuperMoney?s 2019 personal loans industry study will answer that question while also providing a detailed look at the consumer lending sector as a whole. Let?s get started.Personal loans, also known as consumer loans or installment loans, are closed-end uncollateralized sources of credit. This means that, unlike mortgages and most auto loans, they don?t require collateral. And unlike credit cards, they have fixed payments for a specific period of time.
Personal Loans Market aims to provide a comprehensive presentation of the global market for Personal Loans, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Personal Loans. Personal Loans Market contains market size and forecasts of Personal Loans in global, including the following market information:
Global Personal Loans Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Personal Loans market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2022, While China is to reach $ Million.
Below 5000 USD Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Personal Loans include LightStream, SoFi, Citizens Bank, Marcus, FreedomPlus, Payoff, OneMain Financial, Avant and Prosper, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
We surveyed the Personal Loans companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Personal Loans Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Personal Loans Market Segment Percentages, by Type, 2022 (%)
Below 5000 USD
5000-50000 USD
Above 50000 USD
Global Personal Loans Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Personal Loans Market Segment Percentages, by Application, 2022 (%)
Below 1 years
1-3 years
Above years
Global Personal Loans Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Personal Loans Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Personal Loans revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Personal Loans revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
LightStream
SoFi
Citizens Bank
Marcus
FreedomPlus
Payoff
OneMain Financial
Avant
Prosper
Lending Club
Best Egg
Earnest
Payoff
Earnin
Outline of Major Chapters:
Chapter 1: Introduces the definition of Personal Loans, market overview.
Chapter 2: Global Personal Loans market size in revenue.
Chapter 3: Detailed analysis of Personal Loans company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Personal Loans in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.