India loan against the property market is
propelled to grow at a significant rate in the forecasted year.. These loans offer large sums with low
rates of interest along with longer tenures for repayment, thus driving the
market. Loan against property works in favor of the borrower’s wishes as the
borrower remains the owner of the property by law during the loan tenure and is
entitled to repay the loan according to his/her financial condition, further
attributing to the growth of the India loan against property market.
Furthermore, loan against property can be taken for medical emergencies,
education, marriages, starting/expanding business, and other family needs by
providing a large amount of money.
India loan against property market is
segmented based on property type, type of loan, interest rate, source, tenure,
region, and company. Based on the source, the market is further bifurcated into
bank and housing finance companies (HFCs). Among these, the bank segment
dominated the market in FY2020, and the trend is likely to continue until
FY2026 as they provide lower interest rates along with benefitting the
customers with myriad lucrative loan schemes. Based on the type of loans, the
market is further fragmented into personal loan, business loan, building &
construction loan, and others. Among these, a business loan is expected to
dominate the market during the forecast period, closely followed by building
& construction loans as most of the small and medium-sized enterprises
demand funds for business and capital purposes.
Some of the market players such as 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, offering loan against property services in
Indian banks, are transparent, convenient, secure, and hassle free. They offer
various customer focused schemes that enable them to enhance their customer
base.
Years
considered for this report:
Historical Years: FY2016-FY2019
Base Year: FY2020
Estimated Year: FY2021
Forecast Period: FY2022–FY2026
Objective
of the Study:
- To analyze the
historical market growth in the market size of the
India loan against the property market from FY2016 to FY2020.
- To estimate and forecast the
market size of the India loan against property market from FY2021 to
FY2026 and growth rate until FY2026.
- To classify and forecast India
loan against the property market based on property type, type of loan,
interest rate, source, tenure, region, and company.
- To identify the dominant region
or segment in the India loan against property market.
- To identify drivers and
challenges for India loan against property market.
- To examine competitive
developments such as expansions, new product launches, mergers and acquisitions,
etc., in the India loan against property market.
- To conduct
pricing analysis for India loan against property market.
- To identify
and analyze the profile of leading players operating in the India loan
against property market.
- To identify
key sustainable strategies adopted by market players in the India loan
against property market.
Download Free Sample Report
TechSci Research performed both primary as well as exhaustive
secondary research for this study. Initially, TechSci Research sourced a list
of banks 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 banks which could not be identified due to
the limitations of secondary research. TechSci Research analyzed the banks,
distribution channels, and presence of all major players across the country.
TechSci Research calculated the market size of India loan
against the property market using a bottom-up approach, wherein data for
various end-user segments were recorded and forecast for the future years.
TechSci Research sourced these values from the industry experts and company
representatives and externally validated them by 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:
- Loan against
property banks, end-users, and other stakeholders
- Government
bodies such as regulating authorities and policymakers
- Organizations,
forums, and alliances related to loan against property
- 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 banks,
end-users, etc., besides allowing them in strategizing investments and
capitalizing on market opportunities.
Report Scope:
In
this report, India loan against property market has been segmented into the
following categories, in addition to the industry trends which have also been
detailed below:
- India Loan Against Property Market, By Property
Type:
- Self-occupied Residential property
- Rented Residential property
- Commercial property
- Self-owned plot
- Others
- India Loan Against Property Market, By Type of Loan:
- Personal Loan
- Business Loan
- Building & Construction Loan
- Others
- India Loan Against Property Market, By Interest
Rate:
- India Loan Against Property Market, By Source:
- Bank
- Housing Finance Companies (HFCs)
- India Loan Against Property Market, By Tenure:
- Up to 5 years
- 6-10 years
- 11-24 Years
- 25-30 Years
- India Loan Against Property Market, By Region:
Competitive Landscape
Company Profiles: Detailed
analysis of the major companies present in the India loan against property
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).