Loan Brokers Market By Component (Products, Services), By Enterprise Size (Large Enterprise, Small and Medium-sized Enterprises), By Application (Home Loans, Commercial and Industrial Loans, Vehicle Loans, Loans to Governments, Others), By End User (Businesses, Individuals): Global Opportunity Analysis and Industry Forecast, 2021-2031
A loan broker is the middle person between a lender and a borrower. While a borrower can directly borrow from a lender, a loan broker can help borrower decide which lender meets their financial goals. Using a loan broker can help borrower save time and can usually help them find a lender lower interest rate, especially when the borrower is a business owner, using a loan broker is more efficient and beneficial. However, for some small businesses or individual borrowers, borrowing directly from a lender can be more reasonable. This is attributed to the fact that loan brokers usually charge a fee. This fee can be charged to lenders, but sometimes is charged to borrowers.
Loan brokers save time and effort of borrowers for finding a loan with a low interest rate and all the related paperwork and legislative work. In addition, loan brokers provide best loans to borrowers according to their financial goals. Moreover, loan brokers have better access to a large number of lenders, therefore, chances of getting good deals on loans are much higher rather than borrowers themselves applying for a loan. Therefore, these are the major driving factors for growth of the loan brokers market. However, loan brokers often charge huge fees or commission from their clients for providing their services, which often stops clients from taking their services. In addition, chances of fraud are higher in case of hiring a broker, if the broker is not trustable then they might charge extra money from their clients. Therefore, these are the major factors limiting growth of the loan broker market. On the contrary, growing need for loans by customers is expected to provide lucrative growth opportunities in the coming years.
The loan brokers market is segmented on the basis of component, enterprise size, application, end user, and region. By component, it is segmented into products and services. By enterprise size, it is segregated into large enterprises and small & medium-sized enterprises. By application, it is divided into home loans, commercial & industrial loans, vehicle loans, loans to governments, and others. By end user, it is segmented into businesses and individuals. The businesses segment is further sub segmented into commercial loan brokers, startup loan brokers, invoice factoring broker, and equipment financing brokers. The commercial loan brokers segment is further bifurcated into unsecured lending and secured lending. By region, the market is analyzed across Asia-Pacific, Europe, North America, and LAMEA.
The report analyzes profiles of key players operating in the loan brokers market such as Ally Financial Inc., Bank of America Corporation, Caliber Home Loans, Inc., Flagstar Bank, Interactive Brokers LLC, JPMorgan Chase & Co., LendingTree, LLC, loanDepot.com, LLC, LaGray Finance, Macquarie Group Limited, Mortgage Choice Pty Limited, PennyMac Loan Services, LLC, Rocket Mortgage, LLC., The PNC Financial Services Group, Inc, Wells Fargo, Moneypark, and Hypomo. These players have adopted various strategies to increase their market penetration and strengthen their position in the loan brokers industry.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the loan brokers market analysis from 2021 to 2031 to identify the prevailing loan brokers market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the loan brokers market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global loan brokers market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Component
Products
Services
By Enterprise Size
Large Enterprise
Small and Medium-sized Enterprises
By Application
Home Loans
Commercial and Industrial Loans
Vehicle Loans
Loans to Governments
Others
By End User
Businesses
Business Loans Type
Commercial Loan Brokers
Startup Loan Brokers
Invoice Factoring Brokers
Equipment Financing Brokers
Individuals
By Region
North America
U.S.
Canada
Europe
United Kingdom
Germany
France
Italy
Spain
Netherlands
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
Singapore
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Ally Financial Inc.
Bank of America Corporation
Caliber Home Loans, Inc.
Flagstar Bank
Interactive Brokers LLC
JPMorgan Chase & Co.
LendingTree, LLC
loanDepot.com, LLC
LaGray Finance
Macquarie Group Limited
Mortgage Choice Pty Limited
PennyMac Loan Services, LLC
Rocket Mortgage, LLC.
The PNC Financial Services Group, Inc
Wells Fargo
Moneypark
Hypomo
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