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  • Personal Loans Market is expected to Reach USD 597.6 billion by 2029 at a CAGR of 32.4 percent

    (, September 11, 2023 ) As per Maximize Market research, the Personal Loans Market was USD 83.79 billion in 2022 and is expected to grow at a CAGR of 32.4 percent over the forecast period to reach USD 597.6 billion by 2029.

    Personal Loans Market Report Scope and Research Methodology

    The report's scope covers market overview, segmentation, competitive analysis, and future outlook, with a focus on ethical considerations and data sources. The personal loans market report assesses market size, trends, and major players. Research methodology includes data collection through surveys, financial analysis, and industry reports.

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    Personal Loans Market Dynamics

    The personal loans market is driven by several factors that contribute to rapid growth and popularity. There has been increased awareness about personal loans and their benefits among the global population.

    Personal Loans Market Regional Insights

    North American region dominated the market in the year 2022 and is expected to continue to dominate the market during the forecast period. The Asia Pacific region is also increasing the market for personal loans, driven by the increasing loan inquiries by youngsters across emerging economies, rapid boost in consumption-led credit products, and increasing loan access to improve quality of life.

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    Personal Loans Market Segmentation

    By Type

    Secured Personal Loan

    Unsecured Personal Loan

    By Age

    Young Borrowers

    Prime Borrowers

    Pre-Retirement Borrowers

    Senior Borrowers

    By Interest Rate

    10% to 15%

    16% t0 20%

    Above 20 %

    By Loan Tenure

    Long Term Loans

    Medium Term Loans

    Short Term Loans

    By End User

    Individuals Loan

    Small Businesses Loan

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    Personal Loans Key Competitors include


    Rocket Loans




    Maximize Market Research is leading Consumer Goods and Services research firm, has also published the following reports:

    BFSI Security Market - The market size is expected to reach USD 106.68 Bn by 2029 at a CAGR of 10.2 percent during the forecast period.

    Augmented Reality in BFSI Market - The Market size is expected to reach USD 3721.90 Mn. by 2029 at a CAGR of 24.6 percent during the forecast period.

    About Maximize Market Research:

    Maximize Market Research provides B2B and B2C research on 6,500 high-growth emerging opportunities and technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics and communications, Internet of Things, Food and Beverages, Aerospace and defense, and other manufacturing sectors.


    Dnyaneshwari Yevale


    Source: EmailWire.Com


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