Home loans above Rs 75 lakh account for 30% of new loans; check latest home loan interest rates

Home loan data shows a notable change in value and volume, with a shift from Rs 5 lakh to Rs 35 lakh to Rs 35 lakh to Rs 75 lakh..

Loans above Rs 75 lakh now make up 30% of the total, while loans between Rs 35 lakh and Rs 75 lakh account for 31.4%.Getty.

As per the "How India Lends" report unveiled by the credit bureau, the outstanding portfolio of home loans reached Rs 30.7 lakh crore as of June 2023, marking a 15% increase compared to the preceding year..

Despite the value of new loans originated in FY23 amounting to Rs 9.1 lakh crore, reflecting an 18% rise from the previous year, the actual number of loans experienced a growth of only 13%, totaling 37 lakh...

While housing finance companies and public sector banks dominate the segments below Rs 75 lakh, private banks lead the Rs 75 lakh-plus home loans...