openPR Logo
Press release

Personal Finance Centre Reports Global Secured Loans Market On Course for 30.9% Annual Growth Up to 2032

12-24-2024 12:52 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Getnews

/ PR Agency: Press Ranger
Personal Finance Centre Reports Global Secured Loans Market

Image: https://www.globalnewslines.com/uploads/2024/12/1734992383.jpg

Keeping Finance Personal: The Personal Finance Centre

Hull - 23 Dec, 2024 - The global secured loans market is positioned for a historical growth period, with a projected compound annual growth rate (CAGR) of 30.9% from 2024 to 2032, based on new figures from Allied Market Research [https://www.alliedmarketresearch.com/secured-personal-loans-market-A324233].

This unprecedented growth is fueled by a surge in home prices and increasing demand for financing. Still, industry figures are also excited by the rise of more flexible lending options, transforming the market and enabling consumers and businesses to achieve rapid growth.

The secured loans market has enjoyed tremendous success in the aftermath of the COVID-19 pandemic, with historically low interest rates contributing to rising homeowner equity. According to CoreLogic Analysis, Q3 2024 saw total net homeowner equity in the U.S. reach a record high of $17.5 trillion.

Home equity provides a vital asset to leverage further borrowing to fuel business ventures, invest in sectors like agriculture, and add further value to existing properties. And it's resulted in increased demand for financing, especially as interest rates have risen over the last two to three years.

According to Dan Wilkin from The Personal Finance Centre, "Secured loans can offer advantages over other types of loans, including larger loan amounts, longer repayment terms, and lower interest rates."

However, market research has shown that consumers and business owners are seeking more flexible lending options. Lenders are already responding to this demand by expanding their catalogues globally, with options like fixed-rate loans, Home Equity Lines of Credit (HELOCs), and specialised loans aimed at specific sectors, including commercial, industrial, and agricultural.

One study found that HELOCs made up 17.8% of all home-based loans in Q3 2024, representing a 400% increase from early 2021.

It's part of the process of further unlocking the potential of the secured loans market to make it more accessible and provide opportunities for stakeholders.

With loan requirements tightening after the 2008 financial crisis, borrowers have often struggled to secure the funding needed to take advantage of opportunities available to them. According to FT Adviser, 58% of UK lenders have noted an increase in the number of rejected applications because of affordability requirements. Many borrowers now turn to the secured loans market to overcome these barriers.

Through the secured loans market, homeowners and businesses can access the capital needed to fuel expansions, purchase equipment, and invest in innovation across all economic sectors. The market is also tackling the problem of underserved populations who were previously unable to access mainstream credit options. PwC UK found that at least one in three adults [https://www.pwc.co.uk/industries/financial-services/insights/overlooked-and-financially-underserved.html] experience this problem. This move toward financial inclusion unlocks opportunities for economic prosperity and enables lenders to benefit from more diverse product portfolios and achieve higher returns.

With rising inflation and interest rates, the market enjoys a positive outlook for the rest of the decade, but risks remain. Fluctuating interest rates could threaten the ability to pay for borrowers, thus potentially placing their assets at risk. Moreover, the expanding global market is expected to attract tighter regulatory oversight, which may place barriers in the way of lenders and borrowers alike.

It underpins the importance of lenders adjusting to the new reality and borrowers knowing how to choose the right lender for them.

Dan Wilkin, CEO of The Personal Finance Centre said, "The versatility of secured loans is truly remarkable. These financing solutions are empowering homeowners to take control of their financial futures, but borrowers must be aware of the risk to their assets and seek bespoke financial advice before committing to a secured loan."

The global secured loans market is expected to continue its growth trajectory in the years ahead as the market adjusts to evolving borrower needs. With the combination of increasing home equity and accessibility to financing, this market is expected to become a core driver for the global economy's financial expansion in the years ahead.

For more information about the benefits of secured loans, please visit The Personal Finance Centre [https://www.thepersonalfinancecentre.co.uk/]
Media Contact
Company Name: The Personal Finance Centre
Contact Person: Dan Wilkin
Email: Send Email [http://www.universalpressrelease.com/?pr=personal-finance-centre-reports-global-secured-loans-market-on-course-for-309-annual-growth-up-to-2032]
Phone: 01482 968 600
Country: United Kingdom
Website: https://www.thepersonalfinancecentre.co.uk/



This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Personal Finance Centre Reports Global Secured Loans Market On Course for 30.9% Annual Growth Up to 2032 here

News-ID: 3796197 • Views:

More Releases from Getnews

Engel & Volkers New Smyrna Beach Welcomes John Chin as Director of Growth and Business Development
Engel & Volkers New Smyrna Beach Welcomes John Chin as Director of Growth and Bu …
Image: https://www.globalnewslines.com/uploads/2025/10/1760122468.jpg Veteran real estate leader to drive advisor productivity and fuel multi-market expansion across Central Florida NEW SMYRNA BEACH, Fla. - October 11, 2025 - Engel & Volkers Florida today announced that John Chin has joined Engel & Volkers New Smyrna Beach as Broker and Director of Growth and Business Development. With more than three decades of experience in real estate and corporate leadership, Chin will focus on boosting advisor productivity
Home Gym Deals Manchester Stands Out as One of the Best Gym Equipment Sellers in the United Kingdom
Home Gym Deals Manchester Stands Out as One of the Best Gym Equipment Sellers in …
Image: https://www.globalnewslines.com/uploads/2025/10/1760095887.jpg Home Gym Deals is recognized as the best gym equipment seller in the UK. Shop high-quality treadmills, dumbbells, benches, and more at unbeatable prices. Fast delivery and expert customer support from Manchester, UK. Manchester, UK - Home Gym Deals, a leading name in the fitness industry, continues to stand out as one of the best gym equipment sellers [https://www.homegymdeals.co.uk/] in the United Kingdom, offering an extensive range of high-quality gym
Genesis Construction and Development Launches Redesigned Website to Enhance Client Experience
Genesis Construction and Development Launches Redesigned Website to Enhance Clie …
ESSEX AND MIDDLESEX COUNTIES, MA - October 10, 2025 - Genesis Construction and Development Inc [https://www.gcdinc.us/]. is excited to announce the launch of its newly redesigned website. The enhanced digital platform reflects the company's builder-led approach and commitment to providing clients with clarity, transparency, and confidence throughout every phase of their construction journey. The refreshed website offers an improved user experience with modern design, intuitive navigation, and comprehensive information about Genesis's
Stone Oak Health Insurance Experts Announce Open Enrollment Strategies to Help San Antonio, Bulverde, and Spring Branch Residents Save on Private Health Insurance
Stone Oak Health Insurance Experts Announce Open Enrollment Strategies to Help S …
Image: https://www.globalnewslines.com/uploads/2025/10/1760089448.jpg SAN ANTONIO, TX - October 10, 2025 - With the Open Enrollment period for 2026 health plans approaching, Stone Oak Health Insurance Experts is urging residents in the Stone Oak Parkway area, Bulverde, Texas area, and Spring Branch to take a proactive approach to secure affordable and high-quality private health insurance [https://sanantoniohealthinsurance.store/]. The agency, a leader in the local San Antonio health insurance market, specializes in finding significant savings

All 5 Releases


More Releases for Finance

Consumer Finance Market to Witness Revolutionary Growth by 2030 | Bajaj Capital, …
Global "Consumer Finance Market" Research report is an in-depth study of the market Analysis. Along with the most recent patterns and figures that uncovers a wide examination of the market offer. This report provides exhaustive coverage on geographical segmentation, latest demand scope, growth rate analysis with industry revenue and CAGR status. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of
Big Boom in Environmental Finance Market 2020-2027 | Environmental Finance (Fult …
According to a report on Environmental Finance Market, recently added to the vast repository of Research N Reports, the global market is likely to gain significant impetus in the near future. The report, titled “Global Environmental Finance Market Research Report 2020,” further explains the major drivers manipulating industry, the possibility of development, and the challenges going up against the administrations and industrialists in the market. This research study portrays an
PLATINUM GLOBAL BRIDGING FINANCE - BRIDGING FINANCE, DEVELOPMENT FINANCE AND COM …
If your business is looking to finance bridging, development or commercial financing we have contacts with lenders and banks in over 25 countries around the world. Our specialist knowledge can help you get the ideal financing in place. Platinum Global Bridging Finance is a specialist bridging loan lender. They deliver the loan financing that suits you and your clients desired financing. Their aim is to be crystal clear, so they offer
Global Environmental Finance Market Leading Players are Environmental Finance (F …
Global Environmental Finance Market Insights, Size, Share, Forecast to 2025 This report studies the Environmental Finance Market size by players, regions, product types and end industries, history data 2013-2017 and forecast data 2019-2025; this report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis. The main goal for the dissemination of this information is to
Global Consumer Finance Services Market Forecast to 2025, Top Key Players- Bajaj …
The Consumer Finance Services Market Research Report is a valuable source of insightful data for business strategists. It provides the Consumer Finance Services overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Consumer Finance Services market study provides comprehensive data which enhances the understanding, scope and application
Why Consumer Finance Market is Growing Worldwide? Watch out by top key players B …
The split of retail banking that deals with lending money to consumers. Consumer finance market is growing due to increasing per capita income, high economic growth, rapid urbanization and rise in consumer spending power. Rising consumer favorite towards the use of credit cards owing to the associated benefits related to it such as reward points and a host of promotional offers like movie tickets, discounts on flight bookings etc., is likely