The Indian mortgage market is expected to grow at a CAGR of

New York, August 20, 2020 (GLOBE NEWSWIRE) – announces the publication of the report “Indian Mortgage Market, By Client Type, By Loan Type, By Type, By Source, By Bank Type, By Rate Interest, By tenure, by area of ​​ownership, by purchasing method, by customer profile, by region, competition, forecast and opportunities, 2026 “- ? utm_source = GNW
foot; 501-1000 square feet; 1001-2000 Square Feet and above 2000 Square Feet), by Purchase Method, by Customer Profile, by Region, Competition, Forecast and Opportunity, 2026

The Indian mortgage market is expected to grow at a CAGR of around 22% between 2021 and 2026 due to increasing urbanization and affordable mortgage rates. The rate of home loans is low in India compared to developing economies, which presents opportunities for growth of home loans. market in the country.

Moreover, the government’s push towards affordable housing coupled with a severe housing shortage is expected to further boost mortgage lending in India over the next five years.

The mortgage market in India can be segmented by customer type, by type of loan, by interest rate, by type, by home loan, by non-home loan, by source, by type of bank, by mode of payment. occupation, by area of ​​ownership, by mode of purchase, by customer profile and by region. In India, banks and housing finance companies (HFCs) are the preferred sources of home loans.

Banks dominated the market in 2020 and the trend is also expected to continue in the years to come. This is because banks offer attractive interest rates compared to housing finance companies, which are regulated by the National Housing Bank.

Additionally, banks follow the marginal cost of funds (MCLR) lending rate model that attracts many customers.

In terms of interest rate, the market can be divided into fixed rate and floating rate. The floating interest rate is the preferred choice by the majority of Indians because the floating interest rate offers many advantages over the fixed interest rate.

By type of client, the Indian mortgage market is segmented into salaried and self-employed. The employee segment represented around 88% of the market share in 2020.

The main demand for home loans comes from the employee segment as they have limited spending capacity. By tenure, the market is segmented into 5 years, 6-10 years, 11-24 years and 25-30 years. The 11-24 year old segment has the highest market share, as the most preferred home loan term for Indian consumers is 20 years.

By purchasing mode, the market is segmented into Sales Managers, Online, Live, Third Party Admins, and others. The Commercial Managers segment represents the highest market share in the Indian mortgage market.

By region, the Indian mortgage market is segmented into north, south, west and east. The North region accounted for the largest market share in 2020 and the East region is expected to experience the fastest CAGR during the forecast period.
Major players in the Indian 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. Companies operating in the loan market offer flexibility in terms of interest rates, service charges and tenure in order to attract customers.

Years taken into account for this report:

Historical years: 2016-2019
Baseline year: 2020
Estimated year: 2021
Forecast period: 2022-2026

Goal of the study:

• Analyze and forecast the size of the mortgage loan market in India.
• Classify and forecast the Indian home loan market on the basis of type, source, interest rate, length of tenure, area of ​​property and regional distribution.
• Identify the drivers and challenges of the Indian mortgage market.
• Examine competitive developments such as expansions, new product launches, mergers and acquisitions, etc., in the Indian home loan market.
• Identify and analyze the profile of the major players operating in the Indian mortgage market.
The analyst performed both primary and secondary research exhaustive for this study. Initially, the analyst researched a list of companies across the country.

Subsequently, the analyst conducted primary research surveys of the identified companies. During the interviews, respondents were also asked about their competitors.

Using this technique, the analyst could include companies that could not be identified due to the limitations of secondary research.
The analyst calculated the market size of the Indian mortgage market using a bottom-up approach, where data from various end-user segments has been recorded and forecast for years to come. The analyst obtained these values ​​from industry experts and company representatives and validated them externally by analyzing historical data for these types of products and applications to arrive at 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 investigated by the analyst.

Key target audience:

• Mortgage companies and other stakeholders
• Government bodies such as regulatory authorities and policy makers
• Organizations, forums and alliances related to the mortgage market
• Market research and consulting firms
The study is useful for providing answers to several critical questions that are important to industry players such as service providers and partners, end users, etc., in addition to enabling them to strategize investment and capitalize on market opportunities.

Scope of the report:

In this report, the Indian mortgage market has been segmented into following categories in addition to industry trends which have also been detailed below:
• Market, by type of customer:
o Employee
o Independent
• Market, by type of loan:
o Retail
o Company
• Market, by type:
o Housing loan
o Loan excluding housing
• Market, by housing loan
o Buying a house
o Purchase of land
o Plot purchase
o Building
o Resale
o Balance transfer
o Improvement & Extension
• Market, by loan excluding housing
o Loan against property
o Leasing discount
o Loan of non-residential premises
o Corporate term loan
• Market, by source:
o Housing finance companies (HFCs)
• Market, by type of bank
o Private banks
o Public banks
• Market, by interest rate:
Fixed rate
Floating rate
• Market, by tenure:
o Up to 5 years
6-10 years
11-24 years old
o 25-30 years
• Market, by area of ​​ownership:
o Up to 500 m² per foot
o 501-1000 square feet
o 1001-2000 square feet
o Above 2000 square feet
• Market, by purchasing method:
o Sales manager
o Online
o Direct access
o Third party administrators
o Online
• Market, by customer profile:
o Economically weaker section
o Low income group
o Middle income group
o High income group
• Market, by region:
o North
o South
o East
o West

Competitive landscape

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

Customizations available:

With the market data provided, we offer customizations based on the specific needs of a business. The following customization options are available for the report:

Company Info

• Detailed analysis and profiling of additional market players (up to five).
Read the full report:

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Priscilla C. Carnegie