Over the last 10 years, investors funneled many billions of dollars into the personal loan market. These investments came in the form of venture capital, various bond structures and even direct investments in loans. Fueled by this influx of capital (and some innovative technologists), the once stagnant personal loans industry exploded with double-digit growth rates.
In 2018, the number of personal loan accounts rose to 19.5 million. An increase of 12.5% from 2017 (source). Subprime originations grew 28% between Q2 2017 and Q2 2018. In contrast, originations for subprime borrowers dropped by 7.1% between 2016 and 2018.
Has the personal loan boom reached its peak? SuperMoney’s 2019 personal loans industry study will answer that question while also providing a detailed look at the consumer lending sector as a whole. Let’s get started.Personal loans, also known as consumer loans or installment loans, are closed-end uncollateralized sources of credit. This means that, unlike mortgages and most auto loans, they don’t require collateral. And unlike credit cards, they have fixed payments for a specific period of time.
In 2018, the global Personal Loans market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
This report focuses on the global Personal Loans status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Personal Loans development in United States, Europe and China.
The key players covered in this study
LightStream
SoFi
Citizens Bank
Marcus
FreedomPlus
Payoff
OneMain Financial
Avant
Prosper
Lending Club
Best Egg
Earnest
Payoff
Earnin
Market segment by Type, the product can be split into
Below 5000 USD
5000-50000 USD
Above 50000 USD
Market segment by Application, split into
Below 1 years
1-3 years
Above years
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global Personal Loans status, future forecast, growth opportunity, key market and key players.
To present the Personal Loans development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Personal Loans are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on Personal Loans . Industry analysis & Market Report on Personal Loans is a syndicated market report, published as Global Personal Loans Market Size, Status and Forecast 2019-2025. It is complete Research Study and Industry Analysis of Personal Loans market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.