India Digital Lending Market Outlook to FY’2027

The report titled “India Digital Lending Market Outlook to 2027” provides a comprehensive analysis of the digital Lending market in India. The report covers an overview and genesis of the industry, and market size on the basis of credit disbursed and segmented on the basis of loan duration, type of lender, number of users, and type of loans. Further, NBFC’s market segmentation is also mentioned on the type of region and tier city, type of loan, type of business loan consumer and type of consumer loan in digital lending. The report also includes trends and developments, issues and challenges and comparative landscape including competition scenario, market shares of major brands based, financial and operational cross-comparison between major players, concluding with future projections for digital lending in India.

India Digital Lending Overview and Market Size

India’s digital lending market has presented remarkable growth in the historical period FY’2017-FY’2022P with a CAGR of 132%. As a result of the need for superior customer experiences, emerging business models, faster turnaround time, and the adoption of technology such as artificial intelligence, the sector has grown steadily over the past few years. Since more and more consumers are using digital avenues, the use of smartphones has increased significantly over the past few years, resulting in an increase of 40-60% in the purchase of digital loans.

Detailed Analysis of India Digital Lending Market by NBFCs

The market for digital lending by NBFCs is on an upward trend and shows double digit positive growth. The growing use of new technologies and digital tools, including artificial intelligence (AI), machine learning, and data analytics, is fostering this high-potential, high-value space and is also contributing to an increase in purchasing of digital loans. The digital lending loans offered by NBFCs are dominated by B2B and B2C business models.

Competitive Landscape in India’s Digital Lending Market

The competition was observed to be highly fragmented, many players in the market provide consumer loans and Business loans. There are few companies that operate in the loan marketplace space.

India’s digital lending Market Future Outlook and Projections

The seamless customer experience offered by digital lending will result in more borrowing in the coming years. There may be a convenience fee associated with these apps, but they would meet people's immediate needs for funds quickly and without hassle. The companies that are providing digital lending are coming up with new technology which will make the process overall even more seamless for the customers and will eventually increase customer satisfaction. Using advanced AI and machine learning will reduce the cost in the future hence improving the customer acquisition rate.

Key Topics Covered in the Report

• India’s digital lending market overview and genesis
• 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).