Feb 2, 2008

Home Loan Borrowers in India

housing loan market india demographics income distributionHousing loan markets in India is vibrant. Here are the details about the how that market is composed.

52% of borrowers are from rural areas, but only 10% belonging to super-metros and metros.

22% of borrowers are younger than 30 years. 60% of home loan borrowers are between the ages of 30 and 50.

People with annual incomes around Rs. 100,000 have sought the loans from moneylenders, friends, and government schemes. Housing finance companies have attracted clients with more that Rs. 200,000 per year.