Home Loans of ₹10-15 Lakh Drive Growth

Aaj Tak · business

Home loans between ₹10-15 lakh remain crucial for Affordable Housing Finance Companies (AHFCs) serving customers with limited income and documentation. A recent survey indicated that over 60% of customers fall into this loan bracket, particularly in Tier-2 and smaller cities. These customers often have regular salaries but lack formal income proof, making it difficult to secure loans from traditional banks. Competition is increasing as larger NBFCs and other housing finance companies also target this segment, offering loans with a Loan-to-Value ratio typically between 50-70%.