Increase in online banking and rising demands for home loans to fuel the growth of the loan market across the country through 2028. According to TechSci Research report, “France Loan Market – By Region Competition Forecast and Opportunities, 2018-2028F”, France loan market is anticipated to project robust growth in the forecast period due to online banking, rising demand for home loans, attractive marketing strategies, and increasing internet penetration. The French banking system is one of the most stable in the world. The French banking system has achieved this level of stability due to two significant factors: French banks have consistent loan performance. And the other one is French banks have secured adequate capital and liquidity over the years.
The Important Factors of the France Loan Market
France is one of the world’s most developed countries, with one of the best financial markets. Today, France has over 400 banks, making it one of the biggest in the world. Because France’s banking system is robust, Moody’s, a credit rating company, has ranked it as one of the most stable countries in terms of credit quality. A high degree of liquidity and the availability of continuous capital are two more reasons for the banking system’s strength. Generally, the country’s finest banks often offer deposit, investment, and loan services.
French mortgages have specific unique characteristics that appeal to foreign home purchasers. Mortgage rates for residential property in France are typically lower than those in the United Kingdom and Ireland. So, with a domestic market well-positioned to capitalize on historically low borrowing rates and stagnant home prices in France exhibiting indications of recovery, there is reason to be optimistic about a prolonged rise in house prices in France.
Despite banks’ expectations for a slight net fall in the previous quarter, firms’ net demand for loans increased in the third quarter of 2022. Firms’ financing needs for working capital and stocks continued to fuel loan demand in the setting of increased production costs, expanding inventories due to a slowdown in order, and possible preventive behavior in the face of supply shortages.
House prices in France increased by 5.9% in 2021 (with the average price for houses increasing by 6.4% and apartments rising by 5.0%). The number of house sales and housing sale transactions in France set a new high in 2021, with over 1,130,000 houses.
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The France Loan Market is segmented based on type, provider type, interest rate, tenure period, region, and competitional landscape.
The France Loan Market is divided into secured or unsecured based on type. Secured loans need collateral as security in the form of tangible or intangible assets such as FDs, property, and so on. The interest rates on these types of loans are typically cheaper. Unlike secured loans, unsecured loans do not require collateral or security. Furthermore, these loans will generally have a higher interest rate. NBFCs and other private banks offer unsecured loans. Housing Loan, which comes under the secured loan, is more in demand in France.
Based on provider type, the market is divided into the bank, non-banking financial companies, and others (fintech companies). In France, the FinTech business has experienced a tremendous economic surge in recent years. Digital payments are becoming more common in France as more people take advantage of the benefits of this method of payment.
Additionally, the market is divided into fixed and floating, based on interest rates. Based on the tenure period, the market is divided into less than five years, 5-10 years, 11-20 years, and more than 20 years. Based on region, the market is divided into England, Scotland, Wales, and Northern Ireland.
Key market players in the France Loan Market include:
- BNP Paribas Group
- Crédit Agricole Group
- Societe Generale Group
- Groupe BPCE
- AXA BANQUE
- Crédit Mutuel group
- La Banque Postale Group
- Crédit du Nord
- Banque de France
- Dexia Group
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“Increasing online banking channels and using chatbots with AI features is a significant trend expected to impact growth over the forecasted period. Rising demand for home loans, increasing digitalization, and low-interest rates are the leading factors that will positively impact the France Loan Market. Due to the wide range of Loans available online to meet the specific needs of customers and the growing popularity of the internet channel, the market is growing.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
France Loan Market, By Type (Secured Loan and Unsecured Loan), By Provider Type (Bank, Non-Banking Financial Companies, and Others (Fintech Companies)), By Interest Rate (Fixed and Floating), By Tenure Period (Less than 5 Years, 5-10 Years, 11-20 Years, More than 20 Years), By Region, Competition, Forecast & Opportunities, 2028F, has evaluated the future growth potential of Loan products and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in Loan products in France.
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