Global Personal Loans Market Overview

The global personal loans market size was valued at USD 387.37 billion in 2024 and is projected to reach USD 429.78 billion in 2025, with further growth expected to reach USD 1,094.77 billion by 2032. This reflects a robust Compound Annual Growth Rate (CAGR) of 14.3% over the forecast period (2025–2032). This growth is driven by increasing consumer demand for flexible credit, digital lending platforms, rising financial inclusion, and lower interest rate availability through alternative lending sources.

Personal loans unsecured forms of credit have gained popularity for their versatility, being used for various purposes such as debt consolidation, medical emergencies, home renovations, education, and even discretionary spending. With digital transformation sweeping across financial services, access to personal loans has become easier and faster than ever before.

Key Market Highlights

• 2024 Market Size: USD 387.37 billion
• 2025 Forecast: USD 429.78 billion
• 2032 Forecast: USD 1,094.77 billion
• CAGR (2025–2032): 14.3%
• Leading Region (2024): North America (Market share: 40.32%)

Key Players:

• SoFi Technologies, Inc.
• LendingClub Corporation
• Avant, Inc.
• LightStream (a division of Truist)
• Marcus by Goldman Sachs
• Prosper Marketplace, Inc.
• PaySense (India)
• Zopa (UK)
• MoneyTap (Asia)
• Upgrade, Inc.