Personal Loans Market Impact and Opportunities During Coronavirus Lockdown and Forecast Assessment 2021-2027 | Avant LLC, Barclays PLC, DBS Bank Ltd
The global Personal Loans Market is forecast to grow at a compound annual growth rate (CAGR) of 29% during the forecast period from 2021-2027.
A personal loan is a sum of money obtained by an individual for a variety of reasons, such as home renovations, debt consolidation, or wedding expenses. Personal loans are also often available from banks, credit unions, and online lending providers. Furthermore, personal loans often have lower interest rates than credit cards and can be used to combine many credit card bills into a single monthly payment that is less expensive. Personal loans are attracting a larger number of consumers due to cheap interest rates and bigger borrowing limits, which is a major driving factor for market expansion.
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The report includes an in-depth analysis of macroeconomic indicators, market trends, and governing factors, as well as market attractiveness by segment. A qualitative impact map of different market factors appears in the report. A study of the impact of COVID-19 (Corona Virus) on the product industry chain is analyzed based on upstream and downstream markets, on various regions and countries, and the future development of the industry is forecast.
Report on the Global Personal Loans Market aim to enable readers to understand the market and competitive landscape in a way that supports better decision-making. This report includes an overview of participants' financial results, including revenue results, sales volume, gross margin, capital investment, and the global Personal Loans Market growth rate.
The researchers collect market demand and size information and validate it with market experts. This study also explores the geographical distribution of the Personal Loans Market. The market studies provide information about the industry to top manufacturers, distributors, traders, and dealers. It will offer an overview of the product, the market, the market driving force, the risk & opportunities, and the research findings.
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Impact Analysis of COVID-19
• The report examines in detail the impact of Covid-19 on the Personal Loans Market
• The Covid-19 outbreak has caused thousands of illnesses worldwide, and the World Health Organization has declared it a global health emergency. Coronavirus disease, which already affects these groups, will have an impact on Personal Loans Market segments.
• The economic damage is already evident and represents the world's worst economic shock in decades as the health and human toll rise.
• Several undesirable outcomes can occur in chaotic situations, including restaurant closing, flight canceling, travel restrictions in place, indoor event venues losing permits, customer confidence eroding, stock markets fluctuating, and citizens becoming anxious.
The study covers the fundamental aspects of the Global Personal Loans Market, including its future prospects and competitive landscape, in great detail. A Porter's Five Forces analysis of the Personal Loans Market provides insights into the factors influencing its growth. Accordingly, this market study breaks down the Personal Loans Market into segments, regions, and players to present a clear picture of the current market environment. Research also covers macroeconomics and microeconomics. In the report, several graphs, charts, and tables appear effectively.
The Personal Loans Market study gives a comprehensive look at country-level segments classified as potentially high-growth areas, countries with the highest market share, and countries with the most potential growth. The Personal Loans Market study includes regional break-ups like North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), Other countries.
The leading prominent competitors in the global Personal Loans Market are:
DBS Bank Ltd
Prosper Funding LLC
Social Finance, Inc.
Truist Financial Corporation
Scope of the Report
The global Personal Loans Market segmentation focuses on:
P2P Marketplace Lending
Balance Sheet Lending
Less than 30
More than 50
By Marital Status:
By Employment Status:
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