USA Loan Aggregator Market, 2022-2027

Loan Aggregator Market: Loan aggregator market can be defined as the sum total of the revenue generated and loans disbursed by the loan aggregators operating in the market within a particular geography during a stipulated period of time. The market consists of both online as well as offline players.

Online Loan Aggregator: Online loan aggregators are digital platforms that connect borrowers with multiple lenders, providing a convenient and efficient way to compare and access various loan products. These aggregators operate exclusively online, allowing borrowers to explore loan options from different financial institutions in one centralized location.

Offline Loan Aggregator: Offline loan aggregators refer to platforms or services that operate through physical branches or in-person interactions rather than online platforms. These aggregators serve the purpose of connecting borrowers with multiple lenders, and the loan comparison and application process takes place in person, typically at brick-and-mortar locations.

Loan Disbursed: After a loan application has been reviewed, approved, and all necessary documentation and formalities have been completed, the lender or financial institution disburses the loan funds to the borrower. Here, It refers to the total amount of loans disbursed to customers through a loan aggregator platform.

Revenue: Revenue refers to the total income generated by a loan aggregator across multiple revenue streams during a stipulated period of time within a geography. Here, revenue streams include cost-per-click, cost-per-lead, cost-per-funded loan, cost-per-impression, subscription fees and from review of products.

Lending Partner: Lending partners are financial institutions, such as banks, credit unions, online lenders, and other lending entities, that collaborate with loan aggregator platforms to offer their loan products to potential borrowers.

Credit Score: A credit score is a numerical representation of an individual's creditworthiness, which is used by lenders and financial institutions to assess the individual's credit risk. It is a three-digit number that ranges typically from 300 to 850, with higher scores indicating a lower credit risk and higher likelihood of repaying debts on time.

Lead: Lead refers to a potential customer or prospect who has shown interest in a product or service offered by a business. Leads are individuals or entities that have provided their contact information or expressed interest in some way, indicating their potential interest in making a purchase or learning more about the product or service.