India Loan Against Property Market to Grow at a CAGR of Over 14% Through FY2026
Increase in government focus to promote small and medium enterprises,
affordable loan offers, and longer repayment tenures are the factors driving
the India loan against property market.
According to TechSci Research report, “India Loan Against Property Market
By Property Type (Self-occupied residential property, Rented Residential property,
Commercial property, Self-owned plot & Others), By Type of Loan (Personal
Loan, Business Loan, Building & Construction Loan, Others), By Interest
Rate (Fixed Rate; Floating Rate), By Source (Bank & Housing Finance
Companies (HFCs)), By Tenure (Upto 5 years; 6-10 years; 11-24 Years; 25-30
Years), By Region, Forecast & Opportunities, FY2026”, the country’s loan against property market is
expected to register a CAGR of over 14% during FY2020-FY2026 and in
value terms it is expected to reach around USD857.87 billion by FY2026. Loan against property is generally used by small
businesses as a working capital finance, which has faced a huge downfall due to
the pandemic. It will take time to recover the lagged effect of financial
conditions, relief programs supported by banks and NBFCs. The government’s efforts
in promoting businesses are expected to provide aid to the growth of the India
loan against property market.
Browse 38 market data
Figures spread through 70 Pages and an in-depth TOC on "India Loan against Property Market".
India's loan against the property market is majorly driven by the
factors like lower interest rates, quick approvals of loans and flexibility.
Loan against property, which is also termed as Secured loans, is considered to
be more stable than unsecured loans, due to lower interest rates offered by
banks.
Loan against property's eligibility depends on the variables such as
age, wages, existing financial commitments, repayment and credit history, and
the value of the property as per current market rates. An individual can also
include his/her spouse or child as a co-applicant to meet the eligibility
criteria, even though they are not a co-owner of the property, but as a co-applicant
for the loan they could provide their income proof and credit history. These factors
are expected to boost the India loan against property market. The benefit of a
loan against property is that a loan against property in India can be given as
collateral for different types of properties. They may also be of various sizes
or values. As a protection for this loan, residential, industrial, and even rental
property is provided as collateral at different rates, which could be either fixed
or floating rate. The fixed rate of interest is anticipated to account for the
largest value share in FY2020 as these are being adopted by various banks and housing
finance companies in India. Another reason for the dominance of fixed rate is
the secured return to the bank.
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Housing
Development Finance Corporation Limited (HDFC), Industrial Credit and
Investment Corporation of India Bank Limited (ICICI), Life Insurance
Corporation Housing Finance Limited (LIC), Punjab National Bank Housing Finance
Limited (PNB), State Bank of India (SBI) are the leading players operating in the
India loan against property market.
“The
growth of loan against property market in India is backed by government’s
initiative to promote and boost the MSME’s sector, as well as the cheaper
interest rates offered by banks, which acts as major factors in the demand for
loan against property.”, said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
“India Loan Against Property
Market By Property Type (Self-occupied residential property, Rented Residential
property, Commercial property, Self-owned plot), By Type of Loan (Personal Loan,
Business Loan, Building & Construction Loan, Others), By Interest Rate
(Fixed Rate; Floating Rate), By Source (Bank & Housing Finance Companies
(HFCs)), By Tenure (Upto 5 years; 6-10 years; 11-24 Years; 25-30 Years), By
Region, Forecast & Opportunities, FY2026” has
evaluated the future growth potential of the India loan against the property
market and provides statistics and information on market size, structure and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the India loan against property
market.
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