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Report Description

Report Description

The global loan market is anticipated to project robust growth in the forecast period. The rising investment and infrastructure across the world have directly impacted the global loan industry in a positive way. Moreover, growing demand for loan among individuals for personal usage is also significantly influencing the loan Industry.

Major purchases, investments, renovations, debt consolidation, and business endeavors are certain essential uses of loan. Loan aid in the expansion of already existing businesses. The expansion of an economy's total money supply and fostering competition has been made possible by loan to new businesses.

A loan is a major source of income for many banks, as well as some NBFCs that offer credit facilities and credit cards through which they generate interest and fees in the form of loan repayment.

China and the US make up 95% of the loan market. However, the consumer loan model in China is different from the US model. China is the largest alternative loan market globally, with a 90% market share and a USD265.7 billion transaction value expected in 2020. However, the growth of Chinese external lending has increased to nearly USD2.0 trillion as of June 2022. This includes bank loans, trade credits, and debt claims from China’s FDI (in other words, intercompany lending). Bank loans and trade credits account for most of this total. Increased government regulation has had a significant impact on the China recently, which has resulted in a decline in the number of landing platforms and Loan. However, within the US which is the second-largest alternative lending market in the world, had a market value of USD 33.5 billion in 2020. Here, major players like Lending Club, Prosper, and SoFi are based.

The UK market was expected to reach a peak of USD 4.8 billion in 2020, making it the third-largest alternative lending market after the two top markets. However, Switzerland, Denmark, and Spain are predicted to experience the highest growth rates over the next few years, increasing by respective rates of 27.4%, 23.7%, and 22.9% annually.

The demand for loan has also expanded in the European region in recent years. It is mainly due to the local population's growing ease of availing loan without utilizing the initial savings in order to plan investments for any personal or commercial purposes. With the European Loan market already developed and saturated, demand is anticipated to be broadly steady over time.

In India, the market for home loans, auto loans, and other loans to major industries all experienced double-digit growth levels as the loan growth rate pushed up bank lending, which doubled in January 2023. According to the most recent information on sectoral flow of bank credit released by the Reserve Bank of India, non-food bank credit increased annually (y-o-y) by 16.7% in January 2023 compared to 8.3% a year earlier. Compared to January 2022, loan to industry increased by 8.7% (year over year) in January 2023. Large-industry loans increased by 6.5% compared to 0.2% a year earlier as highly rated corporates, which previously managed market-based funds that were less expensive, are now turning to banks for their funding requirements as market rates have risen.

Increased Cooperation with Fintech Professionals and Companies

In a variety of financial industries, including insurance, banking, payments, and financial management, fintech companies are still growing and taking up space. This technology has entered the mainstream, as evidenced by the survey's finding that 64% of the world's population has adopted fintech. The number of professionals with a broad range of tech skills is also growing. A master's degree in accounting, for instance, is a skill upgrade that some people have chosen to pursue. Today's accounting professionals are well versed in pertinent ideas like data analytics and financial law in addition to having a firm grasp of core accounting sensibilities. In the cutthroat lending market of today, they are therefore a highly valuable asset available within the market.

Therefore, it is advisable to the lending companies must cooperate and partner with fintech firms as well as experts who concentrate on third party processing and data collection in order to further advance innovation. By doing this, the lenders are able to maximize their digital transformation.

Rising Launch of Digital Platform Aiding the Market Growth

The market is growing as a result of the increased uptake of cutting-edge technologies, including chatbots, IoT, AI, and big data analytics. Additionally, as digitalization continues to grow, loan providers hope to invest quickly in customer engagement by offering digital and voice-activated assistants. Furthermore, chatbots which is a software program is used to conduct online chat conversations which are widely employed by businesses that provide personal loan because they enable more individualized and user-friendly experiences for clients. Therefore, various companies are looking for a shift towards fintech platforms. For instance, Versana, a new fintech supported by four of the biggest banks in the world, including JPMorgan, Bank of America, Citi, and Credit Suisse, announced its intention to use digital technology to boost efficiency in the still largely analogue and sluggish private loan market as of March 2022.In the foreseeable future, it is anticipated that this tendency will persist. Moreover, customers reliance towards digital platform has increased over the past few years.


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Growing demand for loan from small business is fueling the market

A significant factor affecting the market's growth is the accelerating demand and continuously growing support from the small business which requires subsequent funding for these Loan. However, according to the International Finance Corporation (IFC), 65 million businesses, or 40% of formal micro, small, and medium-sized enterprises (MSMEs) in developing countries, have an annual unmet financing need of $5.2 trillion, or 1.4 times the level of global MSME lending at present. The largest portion of the global finance gap (46%) is accounted for by East Asia and the Pacific, which is followed by Latin America and the Caribbean (23%) and Europe and Central Asia (15%). However, to cater this issue various large banks have targeted to support these small businesses through loan. For instance, one of the most active lenders of small business Loan is Wells Fargo. It was one of the largest national banks as of September 2022, having approved more than USD377 million in Small Business Administration 7(a) Loan for the fiscal year 2022.

Market Segmentation

The global Loan market is segmented based on type, provider type, interest rate, tenure period, region, and competitional landscape. Based on type, the market is further fragmented into Housing Loan, Mortgage Loan, Personal Loan, Auto Loan, Business Loan, Home Improvement, Others (Gold Loan, Education Loan, Agriculture Loan, Retail Loan, etc.). Based on Provider Type, the market is categorized into (Bank, Non-Banking Financial Companies, and Others (Fintech Companies, etc.). Based on Interest Rate, the market is segmented into Fixed and Floating. Based on Tenure Periods, the market is segmented into Less than 5 years, 5 years to 10 Years, 11 years to 20 years, More than 20 Years. The market analysis also studies the regional segmentation, which is divided among North America, Europe, Asia-Pacific, Middle East & Africa, and South America.

Company Profiles

Bank of America Corporation, JPMorgan Chase & Co., Citigroup, Inc., Wells Fargo & Co., U.S. Bancorp, PNC Financial Service Group, Inc., American Express Company, Ally Financial Inc., Truist Financial Corporation, Bank of China, are among the major market players in the global platform that lead the market growth of the global Loan market.

Attribute

Details

Base Year

2022

Historical Years

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Billion and CAGR for 2018-2022 and 2023-2028

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Type

·         Provider Type

·         Interest Rate

·         Tenure Period

·         Region

·         Company

Regional Scope

North America, Europe, Asia-Pacific, Middle East & Africa and South America

Country Scope

United States; Canada; Mexico; United Kingdom; Germany; Italy; France; Spain; China; India; Japan; South Korea; Australia; UAE; South Africa; Turkey; Saudi Arabia; Brazil; Argentina; Colombia

Key Companies Profiled

Bank of America Corporation, JPMorgan Chase & Co., Citigroup, Inc., Wells Fargo & Co., U.S. Bancorp, PNC Financial Service Group, Inc., American Express Company, Ally Financial Inc., Truist Financial Corporation, Bank of China

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail of customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)


Report Scope:

In this report, the global Loan market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Global Loan Market, By Type:
    • Housing Loan
    • Mortgage Loan
    • Personal Loan
    • Auto Loan
    • Business Loan
    • Home Improvement Loan
    • Others
  • Global Loan Market, By Provider Type:
    • Bank
    • Non-Banking Financial Companies
    • Others
  • Global Loan Market, By Interest Rate:
    • Fixed
    • Floating
  • Global Loan Market, By Tenure Period:
    • Less than 5 years
    • 5 years to 10 years
    • 11 years to 20 years
    • More than 20 Years
  • Global Loan Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • United Kingdom
      • Germany
      • Italy
      • France
      • Spain
    • Asia-Pacific
      • China
      • India
      • Japan
      • South Korea
      • Australia
    • Middle East & Africa
      • UAE
      • South Africa
      • Turkey
      • Saudi Arabia
    • South America
      • Brazil
      • Argentina
      • Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global loan market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Loan Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary         

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Voice of Customer Analysis

4.1.  Sample Size Determination

4.2.  Respondent Demographics

4.2.1.     By Gender

4.2.2.     By Age

4.2.3.     By Occupation

4.3.  Brand Awareness

4.4.  Factors Influencing Loan Availing Decision

4.5.  Challenges Faced

5.    Global Loan Market Outlook

5.1.  Market Size & Forecast          

5.1.1.     By Value

5.2.  Market Share & Forecast

5.2.1.    By Type Market Share Analysis (Housing Loan, Mortgage Loan, Personal Loan, Auto Loan, Business Loan, Home Improvement Loan, Others (Gold Loan, Education Loan, Agriculture Loan, Retail Loan, etc.))

5.2.2.    By Provider Type Market Share Analysis (Bank, Non-Banking Financial Companies, and Others (Fintech Companies, etc.))

5.2.3.    By Interest Rate Market Share Analysis (Fixed, Floating)

5.2.4.    By Tenure Period Market Share Analysis (Less than 5 years, 5 years to 10 Years, 11 years to 20 years, More than 20 Years)

5.2.5.     By Regional Market Share Analysis

5.2.5.1.         North America Market Share Analysis

5.2.5.2.         Europe Market Share Analysis

5.2.5.3.         Asia-Pacific Market Share Analysis

5.2.5.4.         Middle East & Africa Market Share Analysis

5.2.5.5.         South America Market Share Analysis

5.2.6.     By Top 5 Companies Market Share Analysis, Others (2022)

5.3.  Global Loan Market Mapping & Opportunity Assessment

5.3.1.     By Type Market Mapping & Opportunity Assessment

5.3.2.     By Provider Type Market Mapping & Opportunity Assessment

5.3.3.     By Interest Rate Market Mapping & Opportunity Assessment

5.3.4.     By Tenure Period Market Mapping & Opportunity Assessment

5.3.5.     By Regional Market Mapping & Opportunity Assessment

6.    North America Loan Market Outlook

6.1.  Market Size & Forecast          

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Type Market Share Analysis

6.2.2.     By Provider Type Market Share Analysis

6.2.3.     By Interest Rate Market Share Analysis

6.2.4.     By Tenure Period Market Share Analysis

6.2.5.     By Country Market Share Analysis

6.2.5.1.         United States Loan Market Outlook

6.2.5.1.1.             Market Size & Forecast

6.2.5.1.1.1. By Value

6.2.5.1.2.             Market Share & Forecast

6.2.5.1.2.1. By Type Market Share Analysis

6.2.5.1.2.2. By Provider Type Market Share Analysis

6.2.5.1.2.3. By Interest Rate Market Share Analysis

6.2.5.1.2.4. By Tenure Period Market Share Analysis

6.2.5.2.         Canada Loan Market Outlook

6.2.5.2.1.             Market Size & Forecast

6.2.5.2.1.1. By Value

6.2.5.2.2.             Market Share & Forecast

6.2.5.2.2.1. By Type Market Share Analysis

6.2.5.2.2.2. By Provider Type Market Share Analysis

6.2.5.2.2.3. By Interest Rate Market Share Analysis

6.2.5.2.2.4. By Tenure Period Market Share Analysis

6.2.5.3.         Mexico Loan Market Outlook

6.2.5.3.1.             Market Size & Forecast

6.2.5.3.1.1. By Value

6.2.5.3.2.             Market Share & Forecast

6.2.5.3.2.1. By Type Market Share Analysis

6.2.5.3.2.2. By Provider Type Market Share Analysis

6.2.5.3.2.3. By Interest Rate Market Share Analysis

6.2.5.3.2.4. By Tenure Period Market Share Analysis

7.    Europe Loan Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Type Market Share Analysis

7.2.2.     By Provider Type Market Share Analysis

7.2.3.     By Interest Rate Market Share Analysis

7.2.4.     By Tenure Period Market Share Analysis

7.2.5.     By Country Market Share Analysis

7.2.5.1.         United Kingdom Loan Market Outlook

7.2.5.1.1.             Market Size & Forecast

7.2.5.1.1.1. By Value

7.2.5.1.2.             Market Share & Forecast

7.2.5.1.2.1. By Type Market Share Analysis

7.2.5.1.2.2. By Provider Type Market Share Analysis

7.2.5.1.2.3. By Interest Rate Market Share Analysis

7.2.5.1.2.4. By Tenure Period Market Share Analysis

7.2.5.2.         Germany Loan Market Outlook

7.2.5.2.1.             Market Size & Forecast

7.2.5.2.1.1. By Value

7.2.5.2.2.             Market Share & Forecast

7.2.5.2.2.1. By Type Market Share Analysis

7.2.5.2.2.2. By Provider Type Market Share Analysis

7.2.5.2.2.3. By Interest Rate Market Share Analysis

7.2.5.2.2.4. By Tenure Period Market Share Analysis

7.2.5.3.         Italy Loan Market Outlook

7.2.5.3.1.             Market Size & Forecast

7.2.5.3.1.1. By Value

7.2.5.3.2.             Market Share & Forecast

7.2.5.3.2.1. By Type Market Share Analysis

7.2.5.3.2.2. By Provider Type Market Share Analysis

7.2.5.3.2.3. By Interest Rate Market Share Analysis

7.2.5.3.2.4. By Tenure Period Market Share Analysis

7.2.5.4.         France Loan Market Outlook

7.2.5.4.1.             Market Size & Forecast

7.2.5.4.1.1. By Value

7.2.5.4.2.             Market Share & Forecast

7.2.5.4.2.1. By Type Market Share Analysis

7.2.5.4.2.2. By Provider Type Market Share Analysis

7.2.5.4.2.3. By Interest Rate Market Share Analysis

7.2.5.4.2.4. By Tenure Period Market Share Analysis

7.2.5.5.         Spain Loan Market Outlook

7.2.5.5.1.             Market Size & Forecast

7.2.5.5.1.1. By Value

7.2.5.5.2.             Market Share & Forecast

7.2.5.5.2.1. By Type Market Share Analysis

7.2.5.5.2.2. By Provider Type Market Share Analysis

7.2.5.5.2.3. By Interest Rate Market Share Analysis

7.2.5.5.2.4. By Tenure Period Market Share Analysis

8.    Asia-Pacific Loan Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Type Market Share Analysis

8.2.2.     By Provider Type Market Share Analysis

8.2.3.     By Interest Rate Market Share Analysis

8.2.4.     By Tenure Period Market Share Analysis

8.2.5.     By Country Market Share Analysis

8.2.5.1.         China Loan Market Outlook

8.2.5.1.1.             Market Size & Forecast

8.2.5.1.1.1. By Value

8.2.5.1.2.             Market Share & Forecast

8.2.5.1.2.1. By Type Market Share Analysis

8.2.5.1.2.2. By Provider Type Market Share Analysis

8.2.5.1.2.3. By Interest Rate Market Share Analysis

8.2.5.1.2.4. By Tenure Period Market Share Analysis

8.2.5.2.         India Loan Market Outlook

8.2.5.2.1.             Market Size & Forecast

8.2.5.2.1.1. By Value

8.2.5.2.2.             Market Share & Forecast

8.2.5.2.2.1. By Type Market Share Analysis

8.2.5.2.2.2. By Provider Type Market Share Analysis

8.2.5.2.2.3. By Interest Rate Market Share Analysis

8.2.5.2.2.4. By Tenure Period Market Share Analysis

8.2.5.3.         Japan Loan Market Outlook

8.2.5.3.1.             Market Size & Forecast

8.2.5.3.1.1. By Value

8.2.5.3.2.             Market Share & Forecast

8.2.5.3.2.1. By Type Market Share Analysis

8.2.5.3.2.2. By Provider Type Market Share Analysis

8.2.5.3.2.3. By Interest Rate Market Share Analysis

8.2.5.3.2.4. By Tenure Period Market Share Analysis

8.2.5.4.         South Korea Loan Market Outlook

8.2.5.4.1.             Market Size & Forecast

8.2.5.4.1.1. By Value

8.2.5.4.2.             Market Share & Forecast

8.2.5.4.2.1. By Type Market Share Analysis

8.2.5.4.2.2. By Provider Type Market Share Analysis

8.2.5.4.2.3. By Interest Rate Market Share Analysis

8.2.5.4.2.4. By Tenure Period Market Share Analysis

8.2.5.5.         Australia Loan Market Outlook

8.2.5.5.1.             Market Size & Forecast

8.2.5.5.1.1. By Value

8.2.5.5.2.             Market Share & Forecast

8.2.5.5.2.1. By Type Market Share Analysis

8.2.5.5.2.2. By Provider Type Market Share Analysis

8.2.5.5.2.3. By Interest Rate Market Share Analysis

8.2.5.5.2.4. By Tenure Period Market Share Analysis

9.    Middle East & Africa Loan Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Type Market Share Analysis

9.2.2.     By Provider Type Market Share Analysis

9.2.3.     By Interest Rate Market Share Analysis

9.2.4.     By Tenure Period Market Share Analysis

9.2.5.     By Country Market Share Analysis

9.2.5.1.         UAE Loan Market Outlook

9.2.5.1.1.             Market Size & Forecast

9.2.5.1.1.1. By Value

9.2.5.1.2.             Market Share & Forecast

9.2.5.1.2.1. By Type Market Share Analysis

9.2.5.1.2.2. By Provider Type Market Share Analysis

9.2.5.1.2.3. By Interest Rate Market Share Analysis

9.2.5.1.2.4. By Tenure Period Market Share Analysis

9.2.5.2.         South Africa Loan Market Outlook

9.2.5.2.1.             Market Size & Forecast

9.2.5.2.1.1. By Value

9.2.5.2.2.             Market Share & Forecast

9.2.5.2.2.1. By Type Market Share Analysis

9.2.5.2.2.2. By Provider Type Market Share Analysis

9.2.5.2.2.3. By Interest Rate Market Share Analysis

9.2.5.2.2.4. By Tenure Period Market Share Analysis

9.2.5.3.         Turkey Loan Market Outlook

9.2.5.3.1.             Market Size & Forecast

9.2.5.3.1.1. By Value

9.2.5.3.2.             Market Share & Forecast

9.2.5.3.2.1. By Type Market Share Analysis

9.2.5.3.2.2. By Provider Type Market Share Analysis

9.2.5.3.2.3. By Interest Rate Market Share Analysis

9.2.5.3.2.4. By Tenure Period Market Share Analysis

9.2.5.4.         Saudi Arabia Loan Market Outlook

9.2.5.4.1.             Market Size & Forecast

9.2.5.4.1.1. By Value

9.2.5.4.2.             Market Share & Forecast

9.2.5.4.2.1. By Type Market Share Analysis

9.2.5.4.2.2. By Provider Type Market Share Analysis

9.2.5.4.2.3. By Interest Rate Market Share Analysis

9.2.5.4.2.4. By Tenure Period Market Share Analysis

10.  South America Loan Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Type Market Share Analysis

10.2.2.  By Provider Type Market Share Analysis

10.2.3.  By Interest Rate Market Share Analysis

10.2.4.  By Tenure Period Market Share Analysis

10.2.5.  By Country Market Share Analysis

10.2.5.1.      Brazil Loan Market Outlook

10.2.5.1.1.           Market Size & Forecast

10.2.5.1.1.1.   By Value

10.2.5.1.2.          Market Share & Forecast

10.2.5.1.2.1.   By Type Market Share Analysis

10.2.5.1.2.2.   By Provider Type Market Share Analysis

10.2.5.1.2.3.   By Interest Rate Market Share Analysis

10.2.5.1.2.4.   By Tenure Period Market Share Analysis

10.2.5.2.    Argentina Loan Market Outlook

10.2.5.2.1.          Market Size & Forecast

10.2.5.2.1.1.   By Value

10.2.5.2.2.          Market Share & Forecast

10.2.5.2.2.1.   By Type Market Share Analysis

10.2.5.2.2.2.   By Provider Type Market Share Analysis

10.2.5.2.2.3.   By Interest Rate Market Share Analysis

10.2.5.2.2.4.   By Tenure Period Market Share Analysis

10.2.5.3.    Colombia Loan Market Outlook

10.2.5.3.1.          Market Size & Forecast

10.2.5.3.1.1.   By Value

10.2.5.3.2.          Market Share & Forecast

10.2.5.3.2.1.   By Type Market Share Analysis

10.2.5.3.2.2.   By Provider Type Market Share Analysis

10.2.5.3.2.3.   By Interest Rate Market Share Analysis

10.2.5.3.2.4.   By Tenure Period Market Share Analysis

11.  Market Dynamics

11.1.              Drivers

11.1.1.  Growing demand from new business setups

11.1.2.  Ease of Availing Loan

11.1.3.  Rising preference for Loan among Younger Population

11.2.              Challenges

11.2.1.  Highest rate of non-Performing consumer Loan (NPL)

11.2.2.  Surging Competition from NBFCs

12.  Impact of COVID-19 on Global Loan Market

12.1.              Impact Assessment Model       

12.1.1.  Key Segments Impacted

12.1.2.  Key Regions Impacted

12.1.3.  Key Countries Impacted

12.1.4.  Key Tenure Period Impacted

13.  Market Trends & Developments

13.1.              Attractive marketing tactics

13.2.              Rising focus towards loan sector by Bank and NBFCs

13.3.              Growing support of online portals

13.4.              Rapid change in consumer habits

13.5.              Surging demand in developing countries

14.  Porter’s Five Forces Model

14.1.              Competitive Rivalry

14.2.              Bargaining Power of Buyers

14.3.              Bargaining Power of Suppliers

14.4.              Threat of New Entrants

14.1.              Threat of Substitutes

15.  SWOT Analysis

15.1.              Strengths

15.2.              Weaknesses

15.3.              Opportunities

15.4.              Threats

16.  Competitive Landscape

16.1.              Company Profiles

16.1.1.  Bank of America Corporation

16.1.1.1.      Company Details

16.1.1.2.      Products & Services

16.1.1.3.      Financial (As Per Availability)

16.1.1.4.      Key Market Focus & Geographical Presence

16.1.1.5.      Recent Developments

16.1.1.6.      Key Management Personnel

16.1.2.  JPMorgan Chase & Co.

16.1.2.1.      Company Details

16.1.2.2.      Products & Services

16.1.2.3.      Financial (As Per Availability)

16.1.2.4.      Key Market Focus & Geographical Presence

16.1.2.5.      Recent Developments

16.1.2.6.      Key Management Personnel

16.1.3.  Citigroup, Inc.

16.1.3.1.      Company Details

16.1.3.2.      Products & Services

16.1.3.3.      Financial (As Per Availability)

16.1.3.4.      Key Market Focus & Geographical Presence

16.1.3.5.      Recent Developments

16.1.3.6.      Key Management Personnel

16.1.4.  Wells Fargo & Co.

16.1.4.1.      Company Details

16.1.4.2.      Products & Services

16.1.4.3.      Financial (As Per Availability)

16.1.4.4.      Key Market Focus & Geographical Presence

16.1.4.5.      Recent Developments

16.1.4.6.      Key Management Personnel

16.1.5.  U.S. Bancorp

16.1.5.1.      Company Details

16.1.5.2.      Products & Services

16.1.5.3.      Financial (As Per Availability)

16.1.5.4.      Key Market Focus & Geographical Presence

16.1.5.5.      Recent Developments

16.1.5.6.      Key Management Personnel

16.1.6.  PNC Financial Service Group, Inc.

16.1.6.1.      Company Details

16.1.6.2.      Products & Services

16.1.6.3.      Financial (As Per Availability)

16.1.6.4.      Key Market Focus & Geographical Presence

16.1.6.5.      Recent Developments

16.1.6.6.      Key Management Personnel

16.1.7.  American Express Company

16.1.7.1.      Company Details

16.1.7.2.      Products & Services

16.1.7.3.      Financial (As Per Availability)

16.1.7.4.      Key Market Focus & Geographical Presence

16.1.7.5.      Recent Developments

16.1.7.6.      Key Management Personnel

16.1.8.  Ally Financial Inc.

16.1.8.1.      Company Details

16.1.8.2.      Products & Services

16.1.8.3.      Financial (As Per Availability)

16.1.8.4.      Key Market Focus & Geographical Presence

16.1.8.5.      Recent Developments

16.1.8.6.      Key Management Personnel

16.1.9.  Truist Financial Corporation

16.1.9.1.      Company Details

16.1.9.2.      Products & Services

16.1.9.3.      Financial (As Per Availability)

16.1.9.4.      Key Market Focus & Geographical Presence

16.1.9.5.      Recent Developments

16.1.9.6.      Key Management Personnel

16.1.10.  Bank of China

16.1.10.1.    Company Details

16.1.10.2.    Products & Services

16.1.10.3.    Financial (As Per Availability)

16.1.10.4.    Key Market Focus & Geographical Presence

16.1.10.5.    Recent Developments

16.1.10.6.    Key Management Personnel

17.  Strategic Recommendations/Action Plan

17.1.              Key Focus Areas

17.2.              Target Type

17.3.              Target Tenure Period 

 (Note: The companies list can be customized based on the client requirements.)

Figures and Tables

Frequently asked questions

Frequently asked questions

A loan is a sum of money that one or more people or businesses obtain from banks or other financial institutions in order to handle their finances in connection with anticipated or unforeseen events. By doing this, the borrower creates a debt that must be repaid with interest within a predetermined time frame. Its benefits involve factors like ease of large financial availability, a defined repayment tenure, more suitable for business purposes.

Bank of America Corporation, JPMorgan Chase & Co., Citigroup, Inc., Wells Fargo & Co., U.S. Bancorp are the certain biggest loan offering companies across the globe.

More than USD620 billion in student loan debt is held by borrowers aged 35 to 49. The majority of the borrowers in this cohort have loan balances of greater than USD100,000.

Personal loans, auto loans, and mortgages are the three most popular types of loans. More than 1 in 5 Americans had an open personal loan in 2022, and the majority of people purchase homes with mortgages and new vehicles with auto loans.

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