India Digital Lending Market Outlook to FY’2027
Driven by the Growing Internet Population, Increasing Demand for App-Based Instant Loans, and Variety of Consumer Loans being offered in the Market
July 2022
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About the Report
About the Report
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.
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
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
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).
Products
Products
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
Time Period Captured in the Report:
Base Year: 2022P
Historical Period: 2017-2021
Forecast Period: 2023F–2027F
Companies
Companies Covered:
Pine Labs
PayU
Faircent
Capital Float
Lending Kart
Aye Finance
Moneyview
Kissht and other
Table of Contents
Table of Contents
- 1. Executive Summary
1.1.1. Executive Summary (Industry Overview, Challenges & Trends along with competition and way forward)
- 2. Introduction to India Digital Lending Market
2.1 Country Overview ((country demographics, major industries, GDP, Trade scenario)
2.2 Demographics of India (Population Stats in India)
2.3 Banking Industry Overview (Credit off-taken banks, growth drivers)
2.4 Credit Landscape in India (Commercial, Retail and Microfinance)
3. India Digital Lending Market Overview and Genesis
3.1 Supply Side Ecosystem – Digital Lending
3.2 Industry Cycle of India’s Digital Lending Market
3.3 Timeline of Major Players in the India Digital Lending Market
3.4 Traditional Operating Model in India’s Digital Lending Market
3.5 Non-Traditional Operating Model in India’s Digital Lending Market
3.6 Process Involved in Digital Lending
3.7 Funding Scenario
3.8 Features of Digital Loans
3.9 Trends in Digital Lending
4.India Digital Lending Market Industry Analysis
4.1 Government Initiatives and Regulations
4.2 Recommendations and Suggestions on Statutory-Regulatory Approach
4.3 Growth Drivers in India’s Digital Lending Market
4.4 Enablers for India Digital Lending Market
4.5 Challenges and Bottle Necks in India’s Digital Lending Market
4.6 SWOT Analysis of India’s Digital Lending Market
4.7 Trends in Digital Lending
4.8 New Entrants in Digital Lending
5. Impact Covid-19 of Digital Lending
6. India Digital Lending Market Size and Segmentation, FY’2022P
6.1 India Digital Lending Market Size, FY’2022P
6.2 Market Segmentation on the type of Lender and Users, (On the basis of type of Loans Security, on the basis of type of loans)
7. India Digital Lending Market by NBFCs Size and Segmentation, FY’2022P
7.1 India Digital Lending Market Size – NBFCs, FY’2022P
7.2 Marketing Segmentation (on the basis of type of Loan Security, on the type of Region and Tier, on the type of Loan and Business Loan consumer, on the type of Consumer Loans and Business Loans,)
8.Competition Analysis of India Digital Lending Market, FY’2021
8.1 Competitive Landscape
8.2 Market Share of Major Players, FY’2021 (On the basis of Revenue and AUM)
8.3 Cross-comparison of major players (On the basis of Operational parameters such as Company overview, Business Strategies, Number of Employees, Funding and more)
8.4 Strength and Weakness of the Players
8.5 Financial Cross-Comparison of the major players (On the basis of financial parameters such as Revenue, Interest income, EBITDA, AUM, AUM Split, Expenditure and more)
9. India Digital Lending Future Market Size and Projections – FY’2027
9.1 Future Market Size of Digital lending in India, FY’2027
9.2 Future Market Segmentation of Digital lending in India, FY’2027
9.3 Future Market Size of Digital Lending by NBFCs in India, FY’2027
9.4 Future Market Size of Digital Lending by NBFCs in India, FY’2027
10. Future Trends in Digital Lending
10.1 New Regulations for PPI
10.2 Lending Technology Trends
10.3 Impact of Growing Formal Credit on the Indian Economy
11. Research Methodology
11.1 Research Methodology and Approach Followed during the Market Study
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