India Home Loan Market Trends and Opportunities: Forecast for 2026

Browse  market data Figures and Tables spread through  Pages and an in-depth TOC on "India Home Loan Market".

TechSci Research's report on the "India Home Loan Market" forecasts a brisk growth rate driven by the increasing population and affordable mortgage rates in India. The home loan market is propelled by individuals seeking loans for various purposes such as extension, renovation, repair, or purchasing a house. Additionally, the growing employment opportunities in tier 1 cities are leading more people to shift to these urban centers by purchasing homes through home loans, thereby driving the market through 2024.

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Report Scope:

In this report, India home loan market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Market, By Customer Type:

• Salaried

• Self-Employed

• Market, By Loan Type:

• Retail

• Corporate

• Market, By Type:

• Housing Loan

• Non-housing Loan

• Market, By Housing Loan

• Home Purchase

• Land Purchase

• Plot Purchase

• Construction

• Re-sale

• Balance Transfer

• Conversion

• Improvement & Extension

• Market, By Non-Housing Loan

• Loan Against Property

• Lease Rental Discounting

• Non-Residential Premise Loan

• Corporate Term Loan

• Market, By Source:

• Bank

• Housing Finance Companies (HFCs)

• Market, By Bank Type

• Private Banks

• Public Banks

• Market, By Interest Rate:

• Fixed Rate

• Floating Rate

• Market, By Tenure:

• Up to 5 years

• 6-10 years

• 11-24 Years

• 25-30 Years

• Market, By Area of Property:

• Up to 500 Sq. foot

• 501-1000 sq. foot

• 1001-2000 sq. foot

• Above 2000 sq. foot

• Market, By Mode of Purchase:

• Sales Executive

• Online

• Direct Walk-In

• Third Party Administrators

• Online

• Market, By Customer Profile:

• Economically Weaker Section

• Low Income Group

• Middle Income Group

• High Income Group

• Market, By Region:

• North

• South

• East

• West

The home loan market in India can be segmented based on type, source, interest rate, tenure, area of property, and region. Banks and housing finance companies (HFCs) are the preferred sources for home loans in India, with banks dominating the market due to their attractive interest rates and the adoption of the marginal cost of funds-based lending rate (MCLR) model. In terms of interest rates, fixed rates are preferred by the majority of Indians due to the predictability they offer compared to floating rates, which are subject to market fluctuations.

Major players in the India home finance market include:

• State Bank of India

• HDFC Bank

• ICICI Bank

• Bajaj Finance

• Kotak Mahindra

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These companies offer flexibility in terms of interest rates, service charges, fees, and tenure to attract customers.

Government initiatives such as Pradhan Mantri Awas Yojana, income tax rebates for interest repayment, and affordable mortgage rates are driving the growth of the home loan market in India. Additionally, the low interest rates in India compared to other countries, along with increasing urbanization, are expected to further fuel growth in the Indian home loan market during the forecast period.

The report, "India Home Loan Market, By Type, By Source, By Interest Rate, By Tenure, By Area of Property, Competition, Forecast & Opportunities, 2024," provides insights into the potential of the home loan market across the country. It offers statistics and information on market sizes, shares, and trends, enabling clients to make informed investment decisions. Moreover, the report identifies and analyzes emerging trends, drivers, and key challenges faced by the India home loan market.

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