Check out these trending things on home loan markets in India - Loan Trivia


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Wednesday 1 December 2021

Check out these trending things on home loan markets in India

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Many people realized the significance of homeownership during the COVID-19 pandemic. Many considered it as a lucrative investment opportunity with stability in prices and large discounts by realtors. 

The idea is to invest in a home for living or leverage it as an asset to provide with a passive income source to be used in a crisis like this clicked big time with people. 

This decision could well help people lead a financially stable life. Hence, the home loan market is expected to grow at a CAGR of around 22% during 2021-26. 

In the same context, let’s check the trend sweeping the home loan market in India in this post!

  1. Home loans are now available at an all-time lower rate

Banks, NBFCs and other lenders have made home buying even more lucrative. Many lenders have come forward to offer a lower home loan interest rate. The concession on home loan rates can help people build or buy a new home using a home loan with savings. 

  1. Banks are offering more secured loans like home loans

Among many types of loans like secured and unsecured, banks are more willing to offer secured loans like home loans during the COVID-19 time. Hence, during the time of crisis, banks have opened to offer the best rates on home loans. Their focus on unsecured loans has decreased. Why? It is because home loan are secured and safer bets than unsecured personal loans and more. 

  1. Loan restructuring 

While the loan moratorium was instant relief, restructuring also emerged as a boon for borrowers. It helps them to curtail the burden of bigger EMIs. It also helped the industry revive from the liquidity crunch. 

Overall, there is no better time than now to buy your dream home or even invest in a property with amazing offers in the real estate sector.     

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