Increasing population and government push towards affordable housing to drive India home loan market during forecast period
New Delhi, August 13, 2020: According to TechSci Research report, “India Home Loan Market By Customer Type, By Loan Type, By Type, By Source, By Bank Type, By Interest Rate, By Tenure, By Area of Property, By Mode of Purchase, By Customer Profile, By Region, Competition, Forecast & Opportunities, 2026”,home loan market in India is projected to grow at a CAGR of more than 22% through 2026 on account of increasing population, rising urbanization and affordable mortgage rates. Generally, people seek home loan for extension, renovation, repair or buying a house. Moreover, owing to growing employment opportunities in tier 1 cities, more and more people are shifting to these cities, which is anticipated to driveIndia home loan market through 2026.
Browse 45market data Figures spread through75 Pages and an in-depth TOC on
“India Home Loan Market”
https://www.techsciresearch.com/report/india-home-loan-market/4237.html
In India, bank and housing finance companies (HFCs) are the preferred sources for home loan. 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. 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.
In terms of Mode of Purchase, the market is categorized into sales executive, online, direct-walk in, third party administrators, and others. The sales executive segment accounts for the largest market share in India home loan market. In terms of interest rates, market can be bifurcated into fixed rate and floating rate. Floating interest rate is the preferred choice by majority of the customers as floating interest rate loans generally offer lower interest rates than fixed interest rate loan. Majority of the demand for home loan comes from salaried customers. By Type, the market is bifurcated into housing loan, and non-housing loan. Housing loan accounted the largest market share in 2020 and the segment is anticipated to dominate during the forecast years as well.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=4237
Customers can also request for 10% free customization on this report.
Major players operating 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. “Rising government focus towards housing for all under Pradhan Mantri Awas Yojana andincome tax rebate for interest repayment are driving the home loan market in India. Moreover, low interest rate scenario in India along with increasing urbanization would further steer growth in India home loan market during forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“India Home Loan Market By Customer Type, By Loan Type, By Type, By Source, By Bank Type, By Interest Rate, By Tenure, By Area of Property, By Mode of Purchase, By Customer Profile, By Region, Competition, Forecast & Opportunities, 2026”has analyzed the potential ofhome loan market across the country, and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by India home loan market.
Corporate Comm India(CCI Newswire)
