GITNUXREPORT 2026

Lending Industry Statistics

The global lending market is large, growing, and being transformed by fintech.

Min-ji Park

Research Analyst focused on sustainability and consumer trends.

First published: Feb 13, 2026

Our Commitment to Accuracy

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Statistic 1

U.S. commercial real estate mortgage debt was $4.8 trillion in Q4 2023.

Statistic 2

U.S. small business loan originations totaled $700 billion in 2023.

Statistic 3

Average SBA 7(a) loan size was $532,000 in FY2023.

Statistic 4

Corporate loan spreads averaged 175 bps over LIBOR in 2023.

Statistic 5

U.S. leveraged loan issuance volume was $580 billion in 2023.

Statistic 6

45% of U.S. SMEs applied for bank loans in 2023, approval rate 55%.

Statistic 7

Global trade finance lending gap estimated at $2.5 trillion in 2023.

Statistic 8

U.S. C&I loan growth was 3.1% to $2.9 trillion in 2023.

Statistic 9

Average business loan interest rate was 7.2% for small firms in U.S. 2023.

Statistic 10

Non-bank business lending in U.S. reached $450 billion in 2023.

Statistic 11

Delinquency rate on U.S. business loans was 1.2% in Q4 2023.

Statistic 12

Equipment financing loans outstanding: $1.1 trillion globally in 2023.

Statistic 13

32% of U.S. business loans were variable rate in 2023.

Statistic 14

Factoring receivables volume in U.S. hit $150 billion in 2023.

Statistic 15

Venture debt lending to startups: $25 billion in U.S. 2023.

Statistic 16

U.S. banks approved 52% of business loan apps under $100k in 2023.

Statistic 17

Middle-market lending ($10-50M) volume: $300 billion in U.S. 2023.

Statistic 18

Covenant-lite loans share reached 90% of institutional issuance in 2023.

Statistic 19

U.S. PPP loan forgiveness processed $740 billion for 11 million loans in 2023.

Statistic 20

Business loan securitization issuance: $120 billion in U.S. 2023.

Statistic 21

Fintech business loan approvals 20% faster than banks in U.S. 2023.

Statistic 22

Global P2P business lending volume $50 billion in 2023.

Statistic 23

U.S. personal loan originations reached $220 billion in 2023.

Statistic 24

Average U.S. personal loan interest rate was 12.45% in Q4 2023.

Statistic 25

42 million Americans have personal loans, with average balance $7,850 in 2023.

Statistic 26

Personal loan delinquency rate in U.S. was 3.1% in Q3 2023.

Statistic 27

U.S. consumers took out 25 million personal loans in 2023, up 15% YoY.

Statistic 28

Women borrowers for personal loans grew 18% faster than men in U.S. 2023.

Statistic 29

Average personal loan term in U.S. was 43 months in 2023.

Statistic 30

28% of U.S. personal loans used for debt consolidation in 2023.

Statistic 31

Gen Z personal loan applications rose 35% YoY in U.S. 2023.

Statistic 32

U.S. personal loan approval rates averaged 74% for prime borrowers in 2023.

Statistic 33

Credit cards vs. personal loans: 65% prefer personal loans for lower rates in 2023 survey.

Statistic 34

Average personal loan APR for subprime borrowers was 25.6% in U.S. 2023.

Statistic 35

Personal loan balances grew 12% to $245 billion in U.S. 2023.

Statistic 36

15% of U.S. millennials have 3+ personal loans averaging $15k debt.

Statistic 37

Online personal loan originations comprised 60% of total U.S. volume in 2023.

Statistic 38

U.S. personal loan default rate was 2.8% for loans originated in 2023.

Statistic 39

72% of personal loan borrowers in U.S. had FICO score 680+ in 2023.

Statistic 40

Personal loans for home improvement: 22% of usage in U.S. 2023.

Statistic 41

U.S. personal loan market CAGR projected at 9.2% to 2028 from 2023 base.

Statistic 42

Average monthly payment on U.S. personal loans was $512 in 2023.

Statistic 43

19% of U.S. personal loans refinanced within first year in 2023.

Statistic 44

Personal loan interest deductions claimed by 8% of U.S. taxpayers in 2023.

Statistic 45

U.S. Hispanics represented 22% of personal loan applicants in 2023.

Statistic 46

Personal loan fees averaged 5.3% of loan amount in U.S. 2023.

Statistic 47

55% of U.S. personal loan users had prior payday loan experience.

Statistic 48

U.S. 30+ day delinquency on personal loans hit 4.2% in late 2023.

Statistic 49

U.S. fintech lending market share in consumer segment hit 15% in 2023.

Statistic 50

Buy-now-pay-later transactions reached 550 million in U.S. 2023.

Statistic 51

Fintech loan approval rates averaged 85% vs. 60% for banks in 2023.

Statistic 52

Global digital lending platforms numbered 1,200 active in 2023.

Statistic 53

U.S. BNPL outstanding loans totaled $18 billion in Q4 2023.

Statistic 54

AI-driven credit scoring used in 70% of U.S. fintech loans in 2023.

Statistic 55

Embedded lending partnerships grew to 500 in U.S. retail 2023.

Statistic 56

Fintech lending to underserved U.S. borrowers: 25% market penetration in 2023.

Statistic 57

Average fintech personal loan size $8,200 in U.S. 2023.

Statistic 58

Robo-advisory integrated lending apps served 40 million users globally 2023.

Statistic 59

U.S. neobank loan originations up 40% to $50 billion in 2023.

Statistic 60

Blockchain-based lending protocols TVL $10 billion in DeFi 2023.

Statistic 61

Mobile lending apps downloads hit 2 billion globally in 2023.

Statistic 62

Fintech delinquency rates 1.5% lower than traditional lenders in U.S. 2023.

Statistic 63

Open banking APIs enabled 30% of EU digital loans in 2023.

Statistic 64

U.S. instant loan approvals via fintech averaged 2 minutes in 2023.

Statistic 65

Crowdfunding lending platforms raised $15 billion for businesses in 2023.

Statistic 66

Alternative data used in 65% of fintech credit decisions U.S. 2023.

Statistic 67

BNPL default rates averaged 1.8% in U.S. Q4 2023.

Statistic 68

Digital mortgage originations share 55% in U.S. 2023.

Statistic 69

The global lending market was valued at $12.4 trillion in 2023, projected to grow at a CAGR of 6.8% from 2024 to 2030.

Statistic 70

U.S. outstanding consumer credit reached $4.88 trillion in Q4 2023, up 4.1% year-over-year.

Statistic 71

Lending industry assets in the U.S. banking sector totaled $23.7 trillion as of December 2023.

Statistic 72

The peer-to-peer lending market grew to $105.4 billion globally in 2023, with a 28.5% CAGR since 2018.

Statistic 73

Commercial lending in Europe expanded by 2.3% in 2023, reaching €18.2 trillion in outstanding loans.

Statistic 74

India's lending market hit INR 200 trillion in FY2023, driven by NBFCs growing at 20% YoY.

Statistic 75

U.S. non-bank lending assets surged to $1.2 trillion in 2023, a 15% increase from 2022.

Statistic 76

Global corporate lending volume was $4.5 trillion in syndicated loans in 2023.

Statistic 77

The U.S. small business lending market size was $750 billion in 2023.

Statistic 78

Asia-Pacific lending market share accounted for 45% of global volume in 2023 at $5.6 trillion.

Statistic 79

U.S. household debt service ratio stood at 9.8% of disposable income in Q4 2023.

Statistic 80

Global fintech lending funding reached $25 billion in 2023, down 45% from 2022 peak.

Statistic 81

U.S. credit card debt hit $1.13 trillion in Q4 2023, up 8.4% YoY.

Statistic 82

Mortgage lending originations in the U.S. totaled $1.62 trillion in 2023.

Statistic 83

The buy-now-pay-later (BNPL) global market size was $24 billion in transaction volume in 2023.

Statistic 84

U.S. auto loan balances reached $1.61 trillion in Q4 2023, +5.9% YoY.

Statistic 85

Global green lending commitments exceeded $1 trillion in 2023.

Statistic 86

China's shadow banking lending assets were estimated at CNY 60 trillion in 2023.

Statistic 87

U.S. student loan debt outstanding was $1.60 trillion in Q4 2023.

Statistic 88

European bank lending to SMEs grew 4.2% to €2.8 trillion in 2023.

Statistic 89

Global lending platform users numbered 450 million in 2023.

Statistic 90

U.S. revolving credit grew 9.1% YoY to $1.21 trillion in Q4 2023.

Statistic 91

The lending-as-a-service market was valued at $2.5 billion in 2023, CAGR 18%.

Statistic 92

UK unsecured personal lending reached £45 billion in 2023.

Statistic 93

Global invoice financing market size hit $4.2 trillion in 2023.

Statistic 94

U.S. delinquency rates on consumer loans averaged 3.2% in 2023.

Statistic 95

Brazilian lending market expanded 12% to BRL 5.5 trillion in 2023.

Statistic 96

Global microfinance lending portfolio was $200 billion serving 140 million clients in 2023.

Statistic 97

U.S. HELOC balances stood at $360 billion in Q4 2023.

Statistic 98

Lending tech investments globally totaled $18 billion in 2023.

Statistic 99

Total U.S. mortgage debt outstanding was $12.25 trillion in Q4 2023.

Statistic 100

U.S. mortgage origination volume fell 35% to $1.62 trillion in 2023.

Statistic 101

Average 30-year fixed mortgage rate was 6.81% in 2023.

Statistic 102

FHA mortgage loans comprised 13% of U.S. originations at $290 billion in 2023.

Statistic 103

U.S. mortgage delinquency rate was 3.97% in Q4 2023.

Statistic 104

Jumbo mortgage originations totaled $120 billion in U.S. 2023.

Statistic 105

76% of U.S. homebuyers used conventional mortgages in 2023.

Statistic 106

U.S. mortgage refinancing volume was $320 billion in 2023, down 60% YoY.

Statistic 107

Average U.S. mortgage debt per borrower was $244,000 in 2023.

Statistic 108

VA loans accounted for 11% of U.S. purchase mortgages at $180 billion in 2023.

Statistic 109

U.S. mortgage foreclosure starts rose 9% to 187,000 in 2023.

Statistic 110

91% of U.S. mortgages were fixed-rate in 2023 originations.

Statistic 111

Median down payment on U.S. purchase mortgages was 14% in 2023.

Statistic 112

U.S. seriously delinquent mortgages (90+ days) at 1.37% in Q4 2023.

Statistic 113

Reverse mortgage balances grew to $50 billion for 900,000 seniors in 2023.

Statistic 114

First-time homebuyer mortgages: 26% of U.S. volume in 2023.

Statistic 115

U.S. mortgage servicing rights valued at $1.8 trillion in 2023.

Statistic 116

Adjustable-rate mortgages (ARMs) share rose to 10% in U.S. 2023.

Statistic 117

U.S. mortgage prepayment speeds averaged 5.2 CPR in 2023.

Statistic 118

Home equity loans outstanding: $350 billion in U.S. Q4 2023.

Statistic 119

62% of U.S. mortgages had LTV ratio under 80% in 2023.

Statistic 120

GSE-backed mortgages covered 52% of U.S. outstanding debt in 2023.

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From a staggering $12.4 trillion valuation globally to millions of personal loan applications being processed in mere minutes, the modern lending industry is a dynamic engine of finance, driven by both massive traditional institutions and agile fintech innovators.

Key Takeaways

The global lending market was valued at $12.4 trillion in 2023, projected to grow at a CAGR of 6.8% from 2024 to 2030.
U.S. outstanding consumer credit reached $4.88 trillion in Q4 2023, up 4.1% year-over-year.
Lending industry assets in the U.S. banking sector totaled $23.7 trillion as of December 2023.
U.S. personal loan originations reached $220 billion in 2023.
Average U.S. personal loan interest rate was 12.45% in Q4 2023.
42 million Americans have personal loans, with average balance $7,850 in 2023.
Total U.S. mortgage debt outstanding was $12.25 trillion in Q4 2023.
U.S. mortgage origination volume fell 35% to $1.62 trillion in 2023.
Average 30-year fixed mortgage rate was 6.81% in 2023.
U.S. commercial real estate mortgage debt was $4.8 trillion in Q4 2023.
U.S. small business loan originations totaled $700 billion in 2023.
Average SBA 7(a) loan size was $532,000 in FY2023.
U.S. fintech lending market share in consumer segment hit 15% in 2023.
Buy-now-pay-later transactions reached 550 million in U.S. 2023.
Fintech loan approval rates averaged 85% vs. 60% for banks in 2023.

The global lending market is large, growing, and being transformed by fintech.

Business Lending

U.S. commercial real estate mortgage debt was $4.8 trillion in Q4 2023.
U.S. small business loan originations totaled $700 billion in 2023.
Average SBA 7(a) loan size was $532,000 in FY2023.
Corporate loan spreads averaged 175 bps over LIBOR in 2023.
U.S. leveraged loan issuance volume was $580 billion in 2023.
45% of U.S. SMEs applied for bank loans in 2023, approval rate 55%.
Global trade finance lending gap estimated at $2.5 trillion in 2023.
U.S. C&I loan growth was 3.1% to $2.9 trillion in 2023.
Average business loan interest rate was 7.2% for small firms in U.S. 2023.
Non-bank business lending in U.S. reached $450 billion in 2023.
Delinquency rate on U.S. business loans was 1.2% in Q4 2023.
Equipment financing loans outstanding: $1.1 trillion globally in 2023.
32% of U.S. business loans were variable rate in 2023.
Factoring receivables volume in U.S. hit $150 billion in 2023.
Venture debt lending to startups: $25 billion in U.S. 2023.
U.S. banks approved 52% of business loan apps under $100k in 2023.
Middle-market lending ($10-50M) volume: $300 billion in U.S. 2023.
Covenant-lite loans share reached 90% of institutional issuance in 2023.
U.S. PPP loan forgiveness processed $740 billion for 11 million loans in 2023.
Business loan securitization issuance: $120 billion in U.S. 2023.
Fintech business loan approvals 20% faster than banks in U.S. 2023.
Global P2P business lending volume $50 billion in 2023.

Business Lending Interpretation

The engine of American enterprise is fueled by a dizzying web of debt, where trillions in commercial real estate rest atop a base of relentless small business hustle, a system simultaneously robust with growth and riddled with gaps, all while everyone nervously watches the spread.

Consumer Lending

U.S. personal loan originations reached $220 billion in 2023.
Average U.S. personal loan interest rate was 12.45% in Q4 2023.
42 million Americans have personal loans, with average balance $7,850 in 2023.
Personal loan delinquency rate in U.S. was 3.1% in Q3 2023.
U.S. consumers took out 25 million personal loans in 2023, up 15% YoY.
Women borrowers for personal loans grew 18% faster than men in U.S. 2023.
Average personal loan term in U.S. was 43 months in 2023.
28% of U.S. personal loans used for debt consolidation in 2023.
Gen Z personal loan applications rose 35% YoY in U.S. 2023.
U.S. personal loan approval rates averaged 74% for prime borrowers in 2023.
Credit cards vs. personal loans: 65% prefer personal loans for lower rates in 2023 survey.
Average personal loan APR for subprime borrowers was 25.6% in U.S. 2023.
Personal loan balances grew 12% to $245 billion in U.S. 2023.
15% of U.S. millennials have 3+ personal loans averaging $15k debt.
Online personal loan originations comprised 60% of total U.S. volume in 2023.
U.S. personal loan default rate was 2.8% for loans originated in 2023.
72% of personal loan borrowers in U.S. had FICO score 680+ in 2023.
Personal loans for home improvement: 22% of usage in U.S. 2023.
U.S. personal loan market CAGR projected at 9.2% to 2028 from 2023 base.
Average monthly payment on U.S. personal loans was $512 in 2023.
19% of U.S. personal loans refinanced within first year in 2023.
Personal loan interest deductions claimed by 8% of U.S. taxpayers in 2023.
U.S. Hispanics represented 22% of personal loan applicants in 2023.
Personal loan fees averaged 5.3% of loan amount in U.S. 2023.
55% of U.S. personal loan users had prior payday loan experience.
U.S. 30+ day delinquency on personal loans hit 4.2% in late 2023.

Consumer Lending Interpretation

Despite near-record originations, the U.S. personal loan market reveals a nation meticulously turning the expensive crank of credit to consolidate other debts, fund home improvements, and occasionally just keep the lights on, while lenders profitably sort borrowers into a stark spectrum from prime serenity to subprime struggle.

Digital & Fintech Lending

U.S. fintech lending market share in consumer segment hit 15% in 2023.
Buy-now-pay-later transactions reached 550 million in U.S. 2023.
Fintech loan approval rates averaged 85% vs. 60% for banks in 2023.
Global digital lending platforms numbered 1,200 active in 2023.
U.S. BNPL outstanding loans totaled $18 billion in Q4 2023.
AI-driven credit scoring used in 70% of U.S. fintech loans in 2023.
Embedded lending partnerships grew to 500 in U.S. retail 2023.
Fintech lending to underserved U.S. borrowers: 25% market penetration in 2023.
Average fintech personal loan size $8,200 in U.S. 2023.
Robo-advisory integrated lending apps served 40 million users globally 2023.
U.S. neobank loan originations up 40% to $50 billion in 2023.
Blockchain-based lending protocols TVL $10 billion in DeFi 2023.
Mobile lending apps downloads hit 2 billion globally in 2023.
Fintech delinquency rates 1.5% lower than traditional lenders in U.S. 2023.
Open banking APIs enabled 30% of EU digital loans in 2023.
U.S. instant loan approvals via fintech averaged 2 minutes in 2023.
Crowdfunding lending platforms raised $15 billion for businesses in 2023.
Alternative data used in 65% of fintech credit decisions U.S. 2023.
BNPL default rates averaged 1.8% in U.S. Q4 2023.
Digital mortgage originations share 55% in U.S. 2023.

Digital & Fintech Lending Interpretation

The fintech genie isn't just out of the bottle; it's now approving your loan in two minutes while sipping a latte inside your shopping app, having already convinced a skeptical world that its AI-driven, alternative-data magic can lend faster, broader, and slightly more responsibly than the old guard ever dreamed.

Market Size & Growth

The global lending market was valued at $12.4 trillion in 2023, projected to grow at a CAGR of 6.8% from 2024 to 2030.
U.S. outstanding consumer credit reached $4.88 trillion in Q4 2023, up 4.1% year-over-year.
Lending industry assets in the U.S. banking sector totaled $23.7 trillion as of December 2023.
The peer-to-peer lending market grew to $105.4 billion globally in 2023, with a 28.5% CAGR since 2018.
Commercial lending in Europe expanded by 2.3% in 2023, reaching €18.2 trillion in outstanding loans.
India's lending market hit INR 200 trillion in FY2023, driven by NBFCs growing at 20% YoY.
U.S. non-bank lending assets surged to $1.2 trillion in 2023, a 15% increase from 2022.
Global corporate lending volume was $4.5 trillion in syndicated loans in 2023.
The U.S. small business lending market size was $750 billion in 2023.
Asia-Pacific lending market share accounted for 45% of global volume in 2023 at $5.6 trillion.
U.S. household debt service ratio stood at 9.8% of disposable income in Q4 2023.
Global fintech lending funding reached $25 billion in 2023, down 45% from 2022 peak.
U.S. credit card debt hit $1.13 trillion in Q4 2023, up 8.4% YoY.
Mortgage lending originations in the U.S. totaled $1.62 trillion in 2023.
The buy-now-pay-later (BNPL) global market size was $24 billion in transaction volume in 2023.
U.S. auto loan balances reached $1.61 trillion in Q4 2023, +5.9% YoY.
Global green lending commitments exceeded $1 trillion in 2023.
China's shadow banking lending assets were estimated at CNY 60 trillion in 2023.
U.S. student loan debt outstanding was $1.60 trillion in Q4 2023.
European bank lending to SMEs grew 4.2% to €2.8 trillion in 2023.
Global lending platform users numbered 450 million in 2023.
U.S. revolving credit grew 9.1% YoY to $1.21 trillion in Q4 2023.
The lending-as-a-service market was valued at $2.5 billion in 2023, CAGR 18%.
UK unsecured personal lending reached £45 billion in 2023.
Global invoice financing market size hit $4.2 trillion in 2023.
U.S. delinquency rates on consumer loans averaged 3.2% in 2023.
Brazilian lending market expanded 12% to BRL 5.5 trillion in 2023.
Global microfinance lending portfolio was $200 billion serving 140 million clients in 2023.
U.S. HELOC balances stood at $360 billion in Q4 2023.
Lending tech investments globally totaled $18 billion in 2023.

Market Size & Growth Interpretation

The world is piling debt upon debt with astonishing creativity and scale, proving that while money may not grow on trees, our collective willingness to lend and borrow at nearly $13 trillion and climbing certainly does.

Mortgage Lending

Total U.S. mortgage debt outstanding was $12.25 trillion in Q4 2023.
U.S. mortgage origination volume fell 35% to $1.62 trillion in 2023.
Average 30-year fixed mortgage rate was 6.81% in 2023.
FHA mortgage loans comprised 13% of U.S. originations at $290 billion in 2023.
U.S. mortgage delinquency rate was 3.97% in Q4 2023.
Jumbo mortgage originations totaled $120 billion in U.S. 2023.
76% of U.S. homebuyers used conventional mortgages in 2023.
U.S. mortgage refinancing volume was $320 billion in 2023, down 60% YoY.
Average U.S. mortgage debt per borrower was $244,000 in 2023.
VA loans accounted for 11% of U.S. purchase mortgages at $180 billion in 2023.
U.S. mortgage foreclosure starts rose 9% to 187,000 in 2023.
91% of U.S. mortgages were fixed-rate in 2023 originations.
Median down payment on U.S. purchase mortgages was 14% in 2023.
U.S. seriously delinquent mortgages (90+ days) at 1.37% in Q4 2023.
Reverse mortgage balances grew to $50 billion for 900,000 seniors in 2023.
First-time homebuyer mortgages: 26% of U.S. volume in 2023.
U.S. mortgage servicing rights valued at $1.8 trillion in 2023.
Adjustable-rate mortgages (ARMs) share rose to 10% in U.S. 2023.
U.S. mortgage prepayment speeds averaged 5.2 CPR in 2023.
Home equity loans outstanding: $350 billion in U.S. Q4 2023.
62% of U.S. mortgages had LTV ratio under 80% in 2023.
GSE-backed mortgages covered 52% of U.S. outstanding debt in 2023.

Mortgage Lending Interpretation

The U.S. housing market spent 2023 clutching its $12 trillion debt like a security blanket while wincing at higher rates, as reluctant homeowners stayed put, cautious new buyers scraped together down payments, and everyone quietly hoped the slight uptick in foreclosures wasn't a sign of the blanket unraveling.

Sources & References

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