印度的個人貸款市場評估:類型·貸款期間·年齡·僱用形態·各地區的機會及預測 (2018-2032年)

印度個人貸款市場規模預計將從 2024 年的 292.9 億美元增長到 2032 年的 777.2 億美元，預測期內的複合年增長率為 15.83%。

印度的個人貸款市場一直很強勁，多年來由於中等收入經濟體等多種因素而大幅擴張。印度個人貸款市場高度活躍且競爭激烈，參與者眾多，包括銀行和非銀行金融公司 (NBFC)。此外，互聯網的廣泛使用和金融教育的進步促使了點對點（P2P）借貸等新概念的出現。這些金融機構以具有競爭力且靈活的還款期限和利率向消費者提供個人貸款，進一步加劇了市場競爭環境。

印度個人貸款市場的成長受到多種因素的推動，包括城市化、數位化、生活方式的改變和消費者支出的增加。尤其是在當今數位時代，消費者在生活方式方面的支出越來越多，例如購買昂貴的智慧型手機和手錶，以及增加旅行和婚禮方面的支出。

多年來，印度個人貸款市場發生了巨大變化。過去，您必須填寫紙本文件、提出申請並等待數天才能獲得申請結果，而現在，您只需在智慧型手機上單擊幾下即可立即獲得批准，並在幾天內將貸款資金存入您的銀行帳戶。印度擁有超過14億人口，在個人貸款和預付貸款領域擁有龐大的客戶群，為各個層級和地區的主要參與者創造了巨大的機會。

本報告提供印度的個人貸款的市場調查，彙整市場定義和概要，市場規模的轉變·預測，各種區分的詳細分析，產業結構，影響市場成長因素的分析，案例研究，競爭情形，主要企業簡介等資訊。

目錄

第1章 調查手法

第2章 計劃的範圍和定義

第3章 摘要整理

第4章 客戶的迴響

• 人口統計
• 市場認識與產品資訊
• 品牌認知度和忠誠度
• 決定是否購買時考慮的要素
• 購買流通管道
• 購買目的
• 購買頻率
• 現有或預定用戶
• 朋友，來自家族的推薦/線上檢討
• 品牌形象代言人和影響者行銷在產品/品牌的普及上扮演的角色

第5章 印度的個人貸款市場展望

• 市場規模·預測
• 各類型
  • 抵押貸款
  • 無擔保貸款
• 各貸款期間
  • 短期 (最長6個月)
  • 中期 (6～18個月)
  • 長期 (18個月以上)
• 各年齡
  • 不滿30
  • 30～50歲
  • 50歲多
• 僱用形態別
  • 經營者
  • 工資所得者
  • 其他
• 各地區
  • 東部
  • 西部·中央部
  • 北部
  • 南部
• 各企業佔有率

第6章 市場製圖:2024年

• 各類型
• 各貸款期間
• 各年齡
• 僱用形態別
• 各地區

第7章 宏觀環境和產業結構

• 供需分析
• 進口出口分析
• 價值鏈分析
• PESTEL分析
• 波特的五力分析

第8章 市場動態

• 成長推進因素
• 阻礙成長要素 (課題與法規)

第9章 主要企業的形勢

• 前五名市場領導公司的競爭矩陣
• 前五名公司的市場領導的收益分析
• M&A·合資企業 (如果符合)
• 5公司的SWOT分析
• 專利分析 (如果符合)

第10章 價格分析

第11章 案例研究

第12章 主要企業的展望

• ICICI Bank Limited
• Tata Capital Financial Services Ltd
• Bajaj Finance Limited
• Poonawalla Fincorp Limited
• Housing Development Finance Corporation Limited
• Shriram Finance Ltd
• Muthoot FinCorp Ltd
• State Bank of India
• AU Small Finance Bank Limited
• Axis Bank Limited

第13章 策略性建議

第14章 關於本公司·免責聲明

India personal loan market is projected to witness a CAGR of 15.83% during the forecast period FY2025-FY2032, growing from USD 29.29 billion in FY2024 to USD 77.72 billion in FY2032. The personal loan market in India has always been strong and has expanded significantly over the years, owing to numerous factors, and being a middle-income economy. India personal loan market is a very dynamic and competitive market filled with numerous players from banks to NBFCs (Non-banking financial companies) being the primary players in the market, bringing new concepts of peer-to-peer lending are through internet penetration and increasing financial education. These institutions provide personal loans to various consumers at competitive yet flexible tenure and interest rates, which adds to the competitive landscape.

India personal loan market is growing due to various factors such as urbanization, digitalization, changing lifestyles and a rise in consumer spending. In the current scenario with the age of digitalization, consumers have started to spend more on lifestyles, for instance, buying expensive smartphones and watches, increasing spending on travel and weddings, etc.

India personal loan market has witnessed many changes over the span of years, from filling out papers, forms, and applications and waiting for days for loan approval to now getting instant approvals with just a few clicks on the smartphone and the loan amount being credited to the bank account within days. India with a population of over 1.4 billion people holds a large customer base in the realm of consumer personal loans and advances which is a boon for the key market players at every level and their geographical presence.

According to a report by rating agency CRIF High Mark Credit Information Services, personal loan outstanding Y-O-Y growth is 25.6%, and active loan Y-O-Y growth is 34.3% from FY2023 to FY2024.

Booming Personal Loans Distribution

India personal loans have been on an upward trend over the years due to the growing needs and requirements of Indian consumers for various purposes such as traveling, buying luxury goods, or be it in the form of advances for marriages. Financial institutions, such as banks and NBFCs, have started offering personalized loan products to customers tailored to specific customer segments and purposes. For instance, specialized personal loans for weddings, travel, education, or medical expenses with customized features and repayment terms are gaining popularity. The personal loan market in India has become highly competitive, with traditional banks, NBFCs, and fintech companies vying for market share. This competition has led to innovations in product offerings, interest rates, and customer service to attract borrowers.

PNB has launched the innovative products of the Pre-Approved Personal Loan, enabling existing customers to take loans of up to USD 24,000 through a fully digital and paperless process, without the need to visit a branch. The PNB Swaagat scheme is also for new-to-bank customers with loans of up to USD 12,000, with minimal inconvenience, through a straightforward OTP-based application process. With interest rates as low as 11.25%, repayment tenures as flexible as 72 months, and without the need for collateral or personal guarantees, PNB is offering personal credit that is more accessible and convenient.

According to a report by rating agency CRIF High Mark Credit Information Services, active personal loans grew from 95.18 million to 127.78 million from FY2023 to FY2024.

Digital Transformation in Banking and Personal Finances

Over the years, the Indian economy has been heading towards digitalization and financial institutions have been at the forefront of the digital transformation of their products and services. The rise of digital lending platforms has transformed the personal loan landscape, making it easier and more convenient for individuals to access funds. Funds are applied, verified, and sanctioned digitally within a limited time frame and the digital lenders leverage technology to streamline the application process, reduce paperwork, and offer quick approval and disbursement of loans, thus, making the whole process seamless and much faster.

Technological innovation is playing a critical role as banks use innovations to speed lending operations, improve risk assessment, and reach previously unbanked and remote communities. This contributes greatly to the growth of credit operations. In the fourth quarter of India during FY2023-FY24, personal loan advances amounting to USD 7.59 billion were disbursed among various types of consumers, outshining other loan categories such as education loans, auto loans, healthcare financing, and gold loans.

In keeping with the government's aim for a digital economy, State Bank of India has embraced emerging technologies such as Central Bank Digital Currency (CBDC), launching test projects to connect CBDC with current payment ecosystems such as UPI.

Growth in Fintech Startups and Businesses

With the growth in Indian banking sector and integration of technologies in the financial businesses, the emergence of fintech companies, new age fintech startups and alternative lending platforms has disrupted the traditional lending landscape. Fintech lenders leverage technology and data analytics to offer personalized loan products, expedite loan approvals, and cater to underserved segments of the population, further drive the growth of India personal loan market. In the current age, where borrowers are looking for fast and convenient solutions to their needs in terms of personal loans, startups and platforms leverage various technologies to instantly help consumers, relatively to expedite the process.

In 2024, DigitMoney announced the debut of its unique platform in India, which provides a game-changing solution in the domain of personal loans. With the potential to give borrowers with fast pre-approved loan offers, this revolutionary platform is poised to alter the borrowing experience for people across the country. DigitMoney leverages solid partnerships with key lending institutions to shorten the loan application process, making it completely digital and eliminating the need for lengthy documentation.

Similarly, WeddingLoans.com (launched by Matrimony.com in November 2024 in partnership with IDFC FIRST Bank Limited, Tata Capital Limited, and L&T Finance Limited) has intensified competition by offering flexible loan solutions.

Strict Government Regulation of Substitute Products Can Increase the Market

The Indian personal loan industry is experiencing strong growth, driven not merely by increasing consumer demand and digitalization but also by the regulatory tightening of alternative lending channels like peer-to-peer (P2P) lending portals. The Reserve Bank of India (RBI) has now levied fines on four P2P lending websites for non-adherence to regulatory standards, indicating a stricter regulatory approach.

These enforcement efforts reflect the government's dedication to ensuring transparency and consumer protection in the financial system. Consequently, customers are turning more and more towards more traditional and regulated channels, including banks and non-banking financial companies (NBFCs), which are viewed as safer and more secure sources of credit. Also, the regulatory oversight for P2P platforms is discouraging unregulated players, eliminating non-compliant operators, and mitigating risks in the lending space. With increased consumer confidence, improved governance, and improved guidelines available, the official personal loan space is picking up pace and emerging as the borrowers' go-to option in both urban and semi-urban India.

Future Market Scenario (FY2025 - FY2032F)

India personal loan market is expected to expand consistently over the coming years with a growing consumer base and a large middle and low-income group who constantly require financial support for various needs.

India personal loan market is likely to transform significantly over the coming years due to the digitalization of financial services with high and increasing emphasis on online application processes with paperless transactions and verification methods.

On the lines of India personal loan market it is expected that data analytics and artificial intelligence (AI) will play a key role in risk assessment, credit ratings, and loan approval processes. Financial institutions are likely to leverage these tools in the near future to make processes more automated, fast-paced, and hassle free.

Key Players Landscape and Outlook

The several key players in India personal loan market are shaping the landscape of the integral financial services in the country. Several key players include banks, NBFCs, fintech startups, and other financial institutions are leading the charge of digital transformation of financial services and continue to shape India personal loan market.

Overall, the market is highly competitive in almost every aspect of personal loans offering similar products and services at similar interest rates and terms and conditions and players are trying to compete on improvised consumer experience and service. With the growing consumer base along with rising consumer needs and aspirations, lifestyle upgradation, and the need for flexible financial support is likely to drive the market in the forecast period. With widespread access to the internet and the proliferation of smartphones and digital devices, acceptance of digital payments will fuel online baking services for personal loans. In October 2024, Kotak Mahindra Bank Limited announced the acquisition of Standard Chartered Bank's personal loan business in India to address the rising demand for personal loans. Additionally, the increasing adoption of digital lending and instant approvals continues to drive demand, making personal loans more accessible across India.

Table of Contents

1. Research Methodology

2. Project Scope & Definitions

3. Executive Summary

4. Voice of Customer

• 4.1. Demographics (Age/Cohort Analysis - Baby Boomers and Gen X, Millennials, Gen Z; Gender; Income - Low, Mid, and High; Geography; Nationality; etc.)
• 4.2. Market Awareness and Product Information
• 4.3. Brand Awareness and Loyalty
• 4.4. Factors Considered in Purchase Decision
  • 4.4.1. Interest Rate
  • 4.4.2. Institute Reputation
  • 4.4.3. Financial Flexibility
  • 4.4.4. Loan Sanction Period
• 4.5. Purchase Channel
• 4.6. Purpose of Purchase
• 4.7. Frequency of Purchase
• 4.8. Existing or Intended User
• 4.9. Recommendations from friends, family/online reviews
• 4.10. Role of Brand Ambassador or Influencer Marketing on Product/Brand Absorption

5. India Personal Loan Market Outlook, FY2018 -FY2032F

• 5.1. Market Size & Forecast
  • 5.1.1. By Value
  • 5.1.2. By Volume
• 5.2. By Type
  • 5.2.1. Secured Loans
  • 5.2.2. Unsecured Loans
• 5.3. By Loan Tenure
  • 5.3.1. Short-term (Up to 6 months)
  • 5.3.2. Medium Term (6 to 18 months)
  • 5.3.3. Long-term (More than 18 months)
• 5.4. By Age
  • 5.4.1. Less than 30
  • 5.4.2. 30 to 50
  • 5.4.3. More than 50
• 5.5. By Employment Type
  • 5.5.1. Business
  • 5.5.2. Salaried
  • 5.5.3. Others
• 5.6. By Region
  • 5.6.1. East
  • 5.6.2. West and Central
  • 5.6.3. North
  • 5.6.4. South
• 5.7. By Company Market Share (%), FY2024

6. Market Mapping, FY2024

• 6.1. By Type
• 6.2. By Loan Tenure
• 6.3. By Age
• 6.4. By Employment Type
• 6.5. By Region

7. Macro Environment and Industry Structure

• 7.1. Supply Demand Analysis
• 7.2. Import Export Analysis
• 7.3. Value Chain Analysis
• 7.4. PESTEL Analysis
  • 7.4.1. Political Factors
  • 7.4.2. Economic System
  • 7.4.3. Social Implications
  • 7.4.4. Technological Advancements
  • 7.4.5. Environmental Impacts
  • 7.4.6. Legal Compliances and Regulatory Policies (Statutory Bodies Included)
• 7.5. Porter's Five Forces Analysis
  • 7.5.1. Supplier Power
  • 7.5.2. Buyer Power
  • 7.5.3. Substitution Threat
  • 7.5.4. Threat from New Entrant
  • 7.5.5. Competitive Rivalry

8. Market Dynamics

• 8.1. Growth Drivers
• 8.2. Growth Inhibitors (Challenges and Restraints)

9. Key Players Landscape

• 9.1. Competition Matrix of Top Five Market Leaders
• 9.2. Market Revenue Analysis of Top Five Market Leaders (in %, FY2024)
• 9.3. Mergers and Acquisitions/Joint Ventures (If Applicable)
• 9.4. SWOT Analysis (For Five Market Players)
• 9.5. Patent Analysis (If Applicable)

10. Pricing Analysis

11. Case Studies

12. Key Players Outlook

• 12.1. ICICI Bank Limited
  • 12.1.1. Company Details
  • 12.1.2. Key Management Personnel
  • 12.1.3. Products & Services
  • 12.1.4. Financials (As reported)
  • 12.1.5. Key Market Focus & Geographical Presence
  • 12.1.6. Recent Developments
• 12.2. Tata Capital Financial Services Ltd
• 12.3. Bajaj Finance Limited
• 12.4. Poonawalla Fincorp Limited
• 12.5. Housing Development Finance Corporation Limited
• 12.6. Shriram Finance Ltd
• 12.7. Muthoot FinCorp Ltd
• 12.8. State Bank of India
• 12.9. AU Small Finance Bank Limited
• 12.10. Axis Bank Limited

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work

13. Strategic Recommendations

14. About Us & Disclaimer

List of Tables

• Table 1. Competition Matrix of Top 5 Market Leaders
• Table 2. Mergers & Acquisitions/ Joint Ventures (If Applicable)
• Table 3. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

• Figure 1. India Personal Loan Market, By Value, In USD Billion, FY2018-FY2032F
• Figure 2. India Personal Loan Market Share (%), By Type, FY2018-FY2032F
• Figure 3. India Personal Loan Market Share (%), By Loan Tenure, FY2018-FY2032F
• Figure 4. India Personal Loan Market Share (%), By Age, FY2018-FY2032F
• Figure 5. India Personal Loan Market Share (%), By Employment Type, FY2018-FY2032F
• Figure 6. India Personal Loan Market Share (%), By Region, FY2018-FY2032F
• Figure 7. By Type Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 8. By Loan Tenure Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 9. By Age Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 10. By Employment Type Map-Market Size (USD Billion) & Growth Rate (%), FY2024
• Figure 11. By Region Map-Market Size (USD Billion) & Growth Rate (%), FY2024