India Personal Loan Market Analysis, Share, Trends, Demand, Size, Opportunity & Forecast
Increasing disposable income coupled with improved standards of living is expected to drive the growth of India personal loan market through 2024. According to TechSci Research report, “ India Personal Loan Market By Source, By Tenure, By Purpose, By Interest Rate, Competition, Forecast & Opportunities, 2024 ” India personal loan market is expected to grow at a formidable CAGR of around 10% during the forecast period on account of increasing investments by the corporate sector. The Important Elements of the India Personal Loan Market Additionally, benefits such as flexibility of use, minimal documentation, no requirement of collateral or security, and quick availability, among others are further expected to propel the market over the next five years. However, high-interest rates and no part payments option can hamper the growth of the market during the forecast period. Additionally, a good credit score is required in order to get personal loan. B...