Peer To Peer Lending Market - India
Market Statistics
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Size in 2024: USD 7.53 Billion
Market Size in 2033: USD 42.92 Billion
Market Growth Rate (CAGR) 2025-2033: 21.34%
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According to IMARC Group's report titled " India Peer To Peer Lending Market Report and Forecast 2025-2033," the market reached USD 7.53 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 42.92 Billion by 2033, exhibiting a growth rate (CAGR) of 21.34% during 2025-2033.
India Peer To Peer Lending Market Trends and Drivers:
- India peer-to-peer (P2P) lending market is experiencing robust growth because of the growing need for alternative finance among small businesses and underserved borrowers.
- Essentially, the simplicity of digital signing up and low documentation has induced P2P platforms to become more popular among millennials and Gen Z borrowers who are technology-intensive.
- Furthermore, Reserve Bank of India's regulatory guidance for NBFC-P2P lending platforms has injected much-needed transparency and investor confidence in the space.
- Additionally, increasing internet and smartphone penetration in semi-urban and rural regions is broadening the base of borrowers for P2P lenders in tier II and III cities.
- Increasing numbers of salaried professionals and individuals looking for superior returns compared to traditional savings accounts are also driving investor involvement in P2P lending.
- Further, AI and machine learning are increasingly being incorporated in credit scoring software, making it possible for improved borrower profiling and minimizing default risks.
- Essentially, increasing awareness and financial literacy around alternative investments are also further fueling market growth.
- Apart from that, collaborations among P2P platforms and fintechs, NBFCs, and even digital payment service providers are strengthening the overall ecosystem and increasing market credibility.
- Further, the comparatively higher interest income against fixed deposits is drawing a large pool of retail as well as institutional lenders to P2P platforms.
- The market is also being aided by a change in consumer sentiment towards digital credit, particularly following the pandemic that raised dependency on contactless financial solutions.
- Essentially, most MSMEs, freelancers, and gig economy workers are relying on P2P loans for working capital and personal funding requirements amidst tightening credit standards from conventional banks.
- Also, the increasing personalization of lending products—instant loans, education loans, and short-term business loans—is assisting platforms in effectively targeting specific segments of borrowers.
India Peer To Peer Lending Market Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest India peer-to-peer lending market share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.
Analysis by Business Model:
- Traditional P2P Model
- Marketplace Lending Model
Analysis by End User:
- Consumer Credit
- Small Business
- Student Loan
- Real Estate
Regional Analysis:
- North India
- South India
- East India
- West India
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
- Market Performance (2019-2024)
- Market Outlook (2025-2033)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendation
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
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