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Home Banking Financial Services and Insurance Rise of BNPL schemes, low interest rates and Shift of Indian Population...

Rise of BNPL schemes, low interest rates and Shift of Indian Population from Traditional to Digital Loans to Drive the Digital Lending Market in India: Ken Research

June 2022 | India News

  • Credit Disbursed in Digital Lending Market in India is expected to grow at a double digit positive CAGR owing to the digitization in the country along with the presence of high number of platforms in the country.
  • Penetration of Digital Banking in India has increased at a significant owing to the Rapid Digitization and Growing Adoption of Advancing Technologies

India Digital Lending Market Growth Strategy

Rise of BNPL Platforms in India: The Covid pandemic has brought several changes into people’s lifestyle. One of this is surge in online payments which kindled the growth of BNPL segment of consumer lending. In the last couple of years, there has been a major growth in BNPL transactions. A great many number of people have started using this payment technology in the crisis of diminishing jobs and uncertain income after covid. The BNPL system is being very much liked among the youth or people using the facility of credit for the first time. The biggest reason for the attraction towards the BNPL payment system is the convenience and less expensive. Despite acting as an alternative to credit cards, it is interest free for most of the people.

Increased focus on Innovation: With emerging technologies for integration of improved lending process, companies are starting to explore the technologies such as data analytics, AI, ML, deep learning, Robotics in financial sector as deeper digitalization of financial sector included in dissemination of credit is possible. Many banks are likely to have a higher adoption rate for the model of dispensing credit through use of digital mode – right from sourcing leads to disbursing loans in the next couple of years.

Transparency in Digital Lending: Digital Lenders companies have a transparent loan process. Loan applicants can keep a track of their loan application at every stage. Even if your loan application gets rejected then you will get to know why your application got rejected and where you lacked behind in your eligibility or it was something else which went wrong. This transparency in digital lending process has helped many platforms attract consumers in the country.

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Key Segments Covered

Digital Lending

  • By Duration of the loan
  • By Type of Lender
  • By User Split
  • By Type of loan
  • By Type of loan

Digital Lending – NBFCs

  • Type of Loans
  • Type of Consumer Loans
  • Type of Business Loans
  • Type of Business Loan Consumers
  • Type of Duration of Loan
  • Type of Region
  • Type of Zone

Time Period Captured in the Report:

Base Year: 2022P

Historical Period: 2017-2021

Forecast Period: 2023F–2027F

Companies Covered:

  • Pine Labs
  • PayU
  • Faircent
  • Capital Float
  • Lending Kart
  • Aye Finance
  • Moneyview
  • Kissht and other

Key Topics Covered in the Report

  • India Digital Lending Market Future Outlook
  • 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).

Related Reports:

India Buy Now Pay Later Market Outlook to 2026: Cascading Growth driven by one-click payment ease, unmatched expediency among lending solutions and free of cost deferment of payments, coupled with rising adoption by Merchant Payments due to increase in Customer Conversion and Sales Value

India ATM Managed Services Outlook to 2026 (Second Edition) – By Managed Services (ATM Repair & Maintenance, ATM Site Management, Transaction Processing, Cash Reconciliation Statement, Content and Electronic Journal Management), ATM Supply & Cash Management (ATM Replenishment, CIT, CPD)

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Ankur Gupta, Head Marketing & Communications

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