India's digital lending market is driven by the rise of Internet penetration, innovative models, and an enabling regulatory environment: Ken Research

June 2022 | India News

Increasing Popularity of Digital Lending

Since the BFSI market adopted digitization rapidly over the last few years, lending has drastically changed in India. Traditional lending still exists in many parts of the country. Nevertheless, digital lending solutions and services are increasingly being adopted across enterprises due to the benefits provided by digital solution providers. A key benefit of online lending is that it has eliminated the hassles associated with seeking loans offline.

India Digital Lending Market Future Outlook

Every corner of the world is now connected to the Internet:

Lending via digital platforms has become an effective alternative to traditional lending methods. People of all demographics and geographies can now access financial services online as the Internet reaches even the smallest of places in India. A number of innovative products are being offered by fintech companies like lending apps that have overcome traditional limitations, reduced transaction costs, and enhanced customer service levels.

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COVID-19 Impact on Digital Lending:

With the customer being shut at their homes digital lending has been a savior in those panic situations. As people were stuck at their digital lending gained popularity during the covid-19 time. Consumers and businesses are increasingly taking their transactions online due to restrictions implemented in 2020. As a result, digital transactions have gained receptivity and confidence among consumers, while instant loans from lending apps have increased their proclivity. As a result of lower overhead costs, technology-driven optimization, and minimal manual intervention, digital lenders can meet the aggressive economic needs of the post-COVID era more efficiently.

The report titled "India Digital Lending Outlook to FY'2027" by Ken Research suggested that the market has been showing significant and continuous growth. The market is expected to grow at a positive CAGR. Increased use of smartphones, hassle-free process, and quick approvals has been the driving force for increasing the demand in the country. Focus on deploying technology to enhance the customer experience will boost the market in India in the coming years.

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

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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
Financial Growth Analysis of Digital Lenders in India
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).

Related Reports:
https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/india-buy-now-pay-later-market-outlook-to-2026/515064-93.html

https://www.kenresearch.com/banking-financial-services-and-insurance/banking/india-atm-managed-services-outlook-to-2026/472828-93.html

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Ken Research
Ankur Gupta, Head Marketing & Communications
support@kenresearch.com
+91-9015378249

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Ken Research is a research based management consulting company. We provide strategic consultancy to aid clients on critical business perspective: strategy, marketing, organization, operations and technology transformation, advanced analytics, corporate finance, mergers & acquisitions and sustainability across all industries and geographies. We provide business intelligence and operational advisory across 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies. Some of top consulting companies and Market leaders seek our intelligence to identify new revenue streams, customer/ vendor paradigm and pain points and due diligence on competition.

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