About Online Loan Aggregator
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.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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 that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Online Loan Aggregator market by 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). If we see Market by Business Model, the sub-segment i.e. Lead Generation Model will boost the Online Loan Aggregator market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Loan Type, the sub-segment i.e. Auto Loan will boost the Online Loan Aggregator market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Website Platform will boost the Online Loan Aggregator market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Personal Use will boost the Online Loan Aggregator market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Trend for Do It Yourself (DIY) Services
Market Growth Drivers:
Thriving Internet Penetration and Awareness, Social Banking Driving the Growth of E-Loans and Increasing Number of Banks Offering Online Services
Challenges:
Lack of Adoption in Rural Areas
Restraints:
Security and Privacy Concerns and Increasing Online Crime Rates
Opportunities:
Ease of Loans Comparison Provided By Different Banks Online, Increasing Number of Online Transactions and Immense Potential of Online Loan Aggregator in Developing Economies
Analyst View
The United Kingdom and United States providers will contribute to the maximum growth of global online loan aggregator market throughout the predicted period.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Online Loan Aggregator Providers, Private Equity Firms and Banks, Government Regulatory and Research Organizations and End Users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.