US Unsecured Loans market report
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Providing the most comprehensive and up-to-date information and analysis of the Unsecured Loans market, and the behaviours, preferences and habits of the consumer.
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What are the key challenges facing the industry and how fast are its rates of growth? Who is the consumer and what do they want? Where are the opportunities, where are the risks and what lies ahead?
Products covered in this Report
This Report looks at the unsecured loans market in the UK. This includes personal loans and high-cost short-term credit loans including payday loans. It does not cover analysis of business loans, or secured loans, which are typically secured against the borrower’s property (see Mintel’s Secured Loans – UK, February 2016 report).
For the purposes of this report, the following definitions apply: Personal loans are, in the main, available to borrow for between £1,000 and £25,000 (subject to credit checks) over fixed repayment terms of one to 10 years.
High-cost short-term credit loans and payday loans are defined as unsecured loans of value under £1,000 with a repayment term of less than one year.
Peer-to-peer (P2P) loans are personal loans lent through a P2P platform, which matches savers and borrowers to cut out the role of banks in lending money to consumers. P2P loans are typically available from £1,000 up to a value of £25,000.
Expert analysis from a specialist in the field
Written by Sam Marks, a leading analyst in the Financial Services sector, him extensive knowledge delivers in-depth commentary and analysis to highlight current trends and add expert context to the numbers.
The unsecured loans market has experienced continuing growth over the last five years due to strong consumer confidence and record-low interest rates. However, looking ahead concern over rising levels of household debt has resulted in government intervention which may slow growth in this market.
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