India Alternative Lending Market Databook 2023 – 75+ KPIs on Alternative Lending Market Size, By End User, By Finance Model, By Payment Instrument, By Loan Type and Demographics – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “India Alternative Lending Market Business and Investment Opportunities Databook – 75+ KPIs on Alternative Lending Market Size, By End User, By Finance Model, By Payment Instrument, By Loan Type and Demographics” report has been added to ResearchAndMarkets.com’s offering.

Alternative lending adoption is expected to grow steadily over the forecast period, recording a CAGR of 20.5% during 2023-2027. The alternative lending market in India will increase from US$ 6.44 billion in 2022 to reach US$ 18.61 billion by 2027.

The alternative lending segment is poised to record strong growth in India over the next five years. Factors including an expanded economy and rising interest rates are projected to aid the growth of the market. The difficulties in accessing credit through conventional channels is also one of the major growth drivers for the alternative lending sector in India. According to a report from Inc42, the digital lending segment is expected to reach US$1.3 trillion by 2030.

Millennials and borrowers from Tier I and II cities are driving the growth of the alternative lending market in India

The alternative lending market emerged as one of the fastest-growing fintech sectors in India in 2023. This demand for online loans has been primarily led by millennials and borrowers in Tier I and II cities.

• According to a report by neo-banking platform Freo, millennials are leading the charge when it comes to availing online loans for product purchases. The consumer demographic accounts for 44% of the total transactions when it comes to alternative lending. Gen Z, on the other hand, accounts for 33% of the total transactions.
• Another report by Home Credit India revealed more than a third of the total borrowers in the country are coming from Tier I and II cities. The preference for small ticket loans is expected to further grow among consumers in Tier I and II cities, thereby supporting the industry growth over the next five years.

From the short to medium-term perspective, the publisher expects alternative lending products to also gain traction among consumers in Tier III cities and beyond, owing to the rising internet penetration in India. This, coupled with the convenience of digital lending, will keep aiding the growth of the market.

Alternative lending firms are expanding their presence in the fast-growing finance space through acquisition deals

The demand for credit grew across different industry verticals in 2023 and the trend is projected to further continue over the next five years. To capitalize on the projected growth, firms are expected to expand their presence in the alternative lending space through acquisition deals.

Firms are raising venture capital and private equity funding to fulfill the growing credit demand in India

The demand for credit has been on the surge amid MSMEs as well as retail customers. Rising inflation and interest rate environment mean that more businesses and consumers will turn to alternative lending products to meet their requirements. Consequently, to fulfill the growing credit demand, firms are raising venture capital and private equity funding in India.

From the short to medium-term perspective, the publisher expects more alternative lending providers to raise funding rounds in India. This will further drive the competitive landscape and innovation in one of the fast-growing fintech sectors.

This report helps in navigating the nuanced relationships between payment instruments and lending models, offering a detailed breakdown of transaction dynamics. Uncover the multifaceted nature of loans, from personalized B2C offerings like payroll advances to strategic B2B solutions like lines of credit. Complementing these insights, delve into consumer attitudes and behaviors, decoding the impact of age, income, and gender on financial choices.

Report Scope

This report provides in-depth data-centric analysis of Alternative Lending industry in India through 127 tables and 150 charts. Below is a summary of key market segments:

• India Economic Indicators
• India Alternative Lending Market Size and Forecast
• India Alternative Lending Market Size and Forecast by End User
• India Alternative Lending Market Size and Forecast by Finance Models
• India Alternative Lending Market Size and Forecast by Payment Instrument – Transaction Value, Volume and Average Value
• India Alternative Lending Market Size and Forecast by Payment Instrument to Model
• Alternative Lending Market Size and Forecast by Payment Instrument to P2P Marketplace Consumer Lending
• Alternative Lending Market Size and Forecast by Payment Instrument to P2P Marketplace Business Lending
• Alternative Lending Market Size and Forecast by Payment Instrument to P2P Marketplace Property Lending
• Alternative Lending Market Size and Forecast by Payment Instrument to Balance Sheet Consumer Lending
• Alternative Lending Market Size and Forecast by Payment Instrument to Balance Sheet Business Lending
• Alternative Lending Market Size and Forecast by Payment Instrument to Balance Sheet Property Lending
• Alternative Lending Market Size and Forecast by Payment Instrument to Invoice Trading
• Alternative Lending Market Size and Forecast by Payment Instrument to Debt Based Securities
• Alternative Lending Market Size and Forecast by Payment Instrument to Equity Based Crowd Funding
• Alternative Lending Market Size and Forecast by Payment Instrument to Real Estate Crowd funding
• India Alternative Lending Market Size and Forecast by Loan Types
• India Alternative Lending Analysis by Consumer Attitude and Behaviour

Key Attributes:

Report Attribute	Details
No. of Pages	164
Forecast Period	2023 – 2027
Estimated Market Value (USD) in 2023	$8.8 Billion
Forecasted Market Value (USD) by 2027	$18.6 Billion
Compound Annual Growth Rate	20.5%
Regions Covered	India

For more information about this report visit https://www.researchandmarkets.com/r/kts87n

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