What is Online Loan Aggregator Market?
Loan aggregator is a middleman company that collects an individual personal and financial information on a loan application and shops it around to lenders who might offer an individual a loan. These aggregators charge some amount of cost to provide individual end-to-end service in their overall loan application process. The online loan aggregator is rapidly being adopted in developing countries, for instance, in India, the online loan aggregator has emerged as one of the fastest-growing industry. The increasing tie-ups with multiple banks helping purchasers in loan pre-application and the post-application process has increased demand for online loan aggregators.
The market study is being classified and major geographies with country level break-up.
Credit Sesame (United States), Credible Operations, Inc (United States), Fundera (United States), LoanAdda (India), BankBazaar.com (India), iMoney (Malaysia), Square Capital (India), CreditEase (China), Dianrong (China), Lufax (China), RateSetter (United Kingdom), OneMain Financial (United States), Dot Zinc Limited (England), YallaCompare (UAE), Souqalmal (UAE), Paisa Bazaar (India) and Money Super Market (United Kingdom) are some of the key players profiled in the study.
Analyst at AMA have segmented the market study of Global Online Loan Aggregator market by Type, Application and Region.
On the basis of geography, the market of Online Loan Aggregator has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Thriving Internet Penetration and Awareness
- Social Banking Driving the Growth of E-Loans
- Increasing Number of Banks Offering Online Services
- Trend for Do It Yourself (DIY) Services
- Security and Privacy Concerns
- Increasing Online Crime Rates
- Ease of Loans Comparison Provided By Different Banks Online
- Increasing Number of Online Transactions
- Immense Potential of Online Loan Aggregator in Developing Economies
- Lack of Adoption in Rural Areas
Analyst CommentThe United Kingdom and United States providers will contribute to the maximum growth of global online loan aggregator market throughout the predicted period.
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Online Loan Aggregator Providers, Private Equity Firms and Banks, Government Regulatory and Research Organizations and End Users
Customization in the Report Available:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase