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India Home Loan Market, By Customer Type (Salaried, Self-Employed), By Loan Type (Retail, Corporate), By Type (Housing Loan & Non-housing Loan), By Source (Bank & Housing Finance Companies (HFCs)), By Bank Type (Private, Public), By Interest Rate (Fixed Rate & Floating Rate), By Tenure (Up to 5 years; 6-10 years; 11-24 Years & 25-30 Years), By Area of Property (Up to 500 Sq. foot; 501-1000 sq. foot; 1001-2000 sq. foot & Above 2000 sq. foot), By Mode of Purchase, By Customer Profile, By Region, Competition, Forecast & Opportunities, 2026

August 2020 | 75 pages | ID: I2967A96FA5FEN
TechSci Research

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India home loan market is anticipated to grow at a CAGR of around 22% during 2021 - 2026 on account of increasing urbanization and affordable mortgage rates. Housing loan rate is low in India when compared with developing economies, presenting opportunities for the growth of home loan market in the country. Moreover, government push towards affordable housing coupled with acute shortage of housing is further expected to drive India home loan over the next five years.

Home loan market in India can be segmented By Customer Type, By Loan Type, By Interest Rate, By Type, By Housing Loan, By Non-Housing Loan, By Source, By Bank Type, By Tenure, By Area of Property, By Mode Of Purchase, By Customer Profile and By Region. In India, banks and housing finance companies (HFCs) are the preferred sources for home loans. Banks dominated the market in 2020 and the trend is likely to continue in the forthcoming years as well. This is due to the fact that banks offer attractive interest rates when compared with housing finance companies, which are regulated by National Housing Bank. Additionally, banks follow marginal cost of funds-based lending rate (MCLR) model which attracts a lot of customers.

In terms of interest rate, market can be bifurcated into fixed rate and floating rate. Floating interest rate is the preferred choice by majority of Indians as floating interest rate offers many advantages over fixed interest rate. By Customer type, India home loan market is segmented into salaried and self-employed. Salaried segment accounted for around 88% market share in 2020. Major demand for home loan comes from salaried segment as they have limited spending capacity. By Tenure, the market is segmented into up to 5 years, 6-10 years, 11-24 years, and 25-30 years. 11-24 years segment accounts for the highest market share as the most preferred home loan tenure among consumers in India is 20 years.

By Mode of Purchase, the market is segmented into sales executive, online, direct-walk in, third party administrators, and others. The sales executive segment accounts for the highest market share in India home loan market. By Region, India home loan market is segmented into North, South, West, and East. North region accounted for the largest market share in 2020 and the East region is foreseen to witness fastest CAGR during the forecast period.

The key players in India home loan market include SBI Home Loans, PNB Housing Finance, HDFC Housing Finance, LIC Housing Finance, L& T Housing Finance, Indiabulls Housing Finance, DHFL, ICICI Housing Finance, Aadhar Housing Finance Ltd., Edelweiss Housing Finance Ltd, Can Fin, among others. The companies operating in the loan market are offering flexibility in terms of interest rates, service charge & fees and tenure in order to draw customers.

Years considered for this report:
  • Historical Years: 2016-2019
  • Base Year: 2020
  • Estimated Year: 2021
  • Forecast Period: 2022–2026
Objective of the Study:
  • To analyze and forecast the market size of India home loan market.
  • To classify and forecast India home loan market based on type, source, interest rate, tenure, area of property and regional distribution.
  • To identify drivers and challenges for India home loan market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India home loan market.
  • To identify and analyze the profile of leading players operating in India home loan market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of companies across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the companies which could not be identified due to the limitations of secondary research.

TechSci Research calculated the market size of India home loan market by using a bottom-up approach, where data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:
  • Home loan companies and other stakeholders
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to home loan market
  • Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, India home loan market has been segmented into 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
Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India home loan market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information
  • Detailed analysis and profiling of additional market players (up to five).
1. PRODUCT OVERVIEW

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. VOICE OF CUSTOMER

5. INDIA HOME LOAN MARKET OUTLOOK

5.1. Market Size & Forecast
  5.1.1. By Value
5.2. Market Share & Forecast
  5.2.1. By Customer Type (Salaried, Self-Employed)
  5.2.2. By Loan Type (Retail, Corporate)
  5.2.3. By Type (Housing Loan; Non-housing Loan)
  5.2.4. By Housing Loan Type (Home Purchase, Land Purchase, Plot Purchase, Construction, Re-sale, Balance Transfer, Conversion, Improvement & Extension)
  5.2.5. By Non-Housing Loan (Loan Against Property, Lease Rental Discounting, Non-Residential Premise Loan, Corporate Term Loans)
  5.2.6. By Source (Bank; Housing Finance Companies (HFCs))
  5.2.7. By Interest Rate (Fixed Rate; Floating Rate)
  5.2.8. By Tenure (Up to 5 years; 6-10 years; 11-24 Years; 25-30 Years)
  5.2.9. By Area of Property (Up to 500 Sq. foot; 501-1000 sq. foot; 1001-2000 sq. foot; Above 2000 sq. foot)
  5.2.10. By Mode of Purchase (Sales Executive, Online, Direct-Walk In, Third Party Administrators, Others)
  5.2.11. By Customer Profile (Economic Weaker Section, Low Income Group, Middle Income Group, High Income Group)
  5.2.12. By Region (North, South, East, West)
  5.2.13. By Company (2020)
5.3. Market Attractiveness Index

6. NORTH INDIA HOME LOAN MARKET OUTLOOK

6.1. Market Size & Forecast
  6.1.1. By Value
6.2. Market Share & Forecast
  6.2.1. By Type
  6.2.2. By Source
  6.2.3. By Tenure

7. WEST INDIA HOME LOAN MARKET OUTLOOK

7.1. Market Size & Forecast
  7.1.1. By Value
7.2. Market Share & Forecast
  7.2.1. By Type
  7.2.2. By Source
  7.2.3. By Tenure

8. SOUTH INDIA HOME LOAN MARKET OUTLOOK

8.1. Market Size & Forecast
  8.1.1. By Value
8.2. Market Share & Forecast
  8.2.1. By Type
  8.2.2. By Source
  8.2.3. By Tenure

9. EAST INDIA HOME LOAN MARKET OUTLOOK

9.1. Market Size & Forecast
  9.1.1. By Value
9.2. Market Share & Forecast
  9.2.1. By Type
  9.2.2. By Source
  9.2.3. By Tenure

10. MARKET DYNAMICS

10.1. Drivers
10.2. Challenges

11. MARKET TRENDS & DEVELOPMENTS

12. POLICY & REGULATORY LANDSCAPE

12.1. Pradhan Mantri Awas Yojana
12.2. RBI policies for home loan

13. INDIA ECONOMIC PROFILE

14. COMPETITIVE LANDSCAPE

14.1. Company Profile
  14.1.1. Company Detail
  14.1.2. Service Charges & Fees
  14.1.3. Documentation Required For Loan
  14.1.4. Terms & Conditions of Loan
14.2. HDFC Housing Finance
14.3. LIC Housing Finance Limited
14.4. Indiabulls Housing Finance Limited
14.5. ICICI Home Finance
14.6. L&T Housing Finance Limited
14.7. PNB Housing Finance Limited
14.8. SBI Home Loan
14.9. DHFL
14.10. Aadhar Housing Finance
14.11. Edelweiss Housing Finance
14.12. Can Fin

15. STRATEGIC RECOMMENDATIONS

(Note: The companies list can be customized based on the client requirements)


LIST OF FIGURES

Figure 1: India Home Loan Market Size, By Value (USD Billion), 2016-2026F
Figure 2: India Home Loan Market Share, By Customer Type, 2020 & 2026
Figure 3: India Home Loan Market Share, By Loan Type, 2020 & 2026
Figure 4: India Home Loan Market Share, By Interest Type, 2020 & 2026
Figure 5: India Home Loan Market Share, By Type, 2020 & 2026F
Figure 6: India Home Loan Market Share, By Type, By Housing Loan, 2020 & 2026F
Figure 7: India Home Loan Market Share, By Type, By Non-Housing Loan, 2020 & 2026F
Figure 8: India Home Loan Market Share, By Source, 2016-2026F
Figure 9: India Home Loan Market Share, By Bank Type, 2020 & 2026
Figure 10: India Home Loan Market Share, By Tenure, 2020 & 2026F
Figure 11: India Home Loan Market Share, By Area of Property, 2020 & 2026F
Figure 12: India Home Loan Market Share, By Mode of Purchase, 2020 & 2026F
Figure 13: India Home Loan Market Share, By Customer Profile, 2020 & 2026F
Figure 14: India Home Loan Market Share, By Region, 2020 & 2026F
Figure 15: India Home Loan Market Share, By Company, 2019
Figure 16: India Home Loan Market Map, By Customer Type - Market Size (USD Billion) & Growth Rate (%)
Figure 17: India Home Loan Market Map, By Loan Type - Market Size (USD Billion) & Growth Rate (%)
Figure 18: India Home Loan Market Map, By Interest Type - Market Size (USD Billion) & Growth Rate (%)
Figure 19: India Home Loan Market Map, By Type - Market Size (USD Billion) & Growth Rate (%)
Figure 20: India Home Loan Market Map, By Type, By Housing Loan - Market Size (USD Billion) & Growth Rate (%)
Figure 21: India Home Loan Market Map, By Type, By Non-Housing Loan - Market Size (USD Billion) & Growth Rate (%)
Figure 22: India Home Loan Market Map, By Source - Market Size (USD Billion) & Growth Rate (%)
Figure 23: India Home Loan Market Map, By Bank Type- Market Size (USD Billion) & Growth Rate (%)
Figure 24: India Home Loan Market Map, By Tenure - Market Size (USD Billion) & Growth Rate (%)
Figure 25: India Home Loan Market Map, By Mode of Purchase - Market Size (USD Billion) & Growth Rate (%)
Figure 26: India Home Loan Market Map, By Customer Profile - Market Size (USD Billion) & Growth Rate (%)
Figure 27: India Home Loan Market Map, By Region - Market Size (USD Billion) & Growth Rate (%)
Figure 28: North India Home Loan Market Size, By Value (USD Billion), 2016-2026F
Figure 29: North India Home Loan Market Share, By Type, 2020 & 2026F
Figure 30: North India Home Loan Market Share, By Source, 2016-2026F
Figure 31: North India Home Loan Market Share, By Tenure, 2020 & 2026F
Figure 32: West India Home Loan Market Size, By Value (USD Billion), 2016-2026F
Figure 33: West India Home Loan Market Share, By Type, 2020 & 2026F
Figure 34: West India Home Loan Market Share, By Source, 2016-2026F
Figure 35: West India Home Loan Market Share, By Tenure, 2020 & 2026F
Figure 37: South India Home Loan Market Size, By Value (USD Billion), 2016-2026F
Figure 38: South India Home Loan Market Share, By Type, 2020 & 2026F
Figure 39: South India Home Loan Market Share, By Source, 2016-2026F
Figure 40: South India Home Loan Market Share, By Tenure, 2020 & 2026F
Figure 42: East India Home Loan Market Size, By Value (USD Billion), 2016-2026F
Figure 43: East India Home Loan Market Share, By Type, 2020 & 2026F
Figure 44: East India Home Loan Market Share, By Source, 2016-2026F
Figure 45: East India Home Loan Market Share, By Tenure, 2020 & 2026F

COMPANIES MENTIONED

1.SBI Home Loans
2.Indiabulls Housing Finance Limited
3.LIC Housing Finance Limited
4.PNB Housing Finance Limited
5.L&T Housing Finance Limited
6.Housing Development Finance Corporation Limited
7.ICICI Home Finance Company Limited
8.Can Fin Homes Ltd
9.Edelweiss Housing Finance Ltd.
10.Aadhar Housing Finance Ltd.


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