TechSci Press Release

India Peer to Peer Lending market is expected to grow at a robust CAGR of around 12% rate during the forecast period. India peer to peer lending market is driven by the surging population of students who prefer to get loans at less interest rates and clear personal debt in a lesser duration. These factors are expected to propel the market during forecast years. Additionally, low operational costs associated with this system of lending is further fueling the market in the country. The India Peer to Peer Lending market is segmented based on business model, end user, region and company. Based on business model, the market can be bifurcated into traditional P2P model and marketplace lending model. The traditional P2P model is expected to hold significant market share during the forecast period owing to the lesser availability of modern technologies in some regions of the country, especially in the rural areas. Based on end user, the market can be fragmented into consumer credit, small bus...

Global peer to peer lending market is valued at around $ 18 billion in 2019 and the market is poised to grow at CAGR of over 19% by 2026 due to increasing number of borrowers over the past few years.  Peer to peer lending market allows borrowers to directly interact with the lender with the P2P lending platform. Use of such platforms helps to reduce costs by excluding operational expenses such as cost of staffing and maintenance, physical branches, among others, which is promoting the growth of the market. Moreover, a dvancements in the technology and low cost associated with operations is further driving the global peer to peer lending market. Nowadays, increasing student population is preferring loans at cheaper interest rate which is anticipated to promote the growth of peer to peer lending market until 2026. Additionally, increasing awareness pertaining to clearing personal debt as soon as possible is another reason for increased acceptance of peer to peer lending market, glob...