Home loans rose 76% to Rs 79,043 crore in March quarter, data shows

Home loans sanctioned by finance companies, including housing finance companies, rose 76% to Rs 79,043 crore in the quarter ended March 2021, from Rs 44,907 crore in Q4FY20. Home loans also showed an expansion of 21.9% to Rs 23,418 cr versus Rs 19,207 cr at T4FY20.

A series of measures taken by state governments, including reducing stamp duties, has boosted demand for home loans. Auto loans showed a 28.3% drop in penalties to Rs 8,646 crore in T4FY21, from Rs 12,058 crore in T4FY20. Personal loans fell 27% to Rs 15,401 crore, from Rs 21,095 crore in Q4fY20.

A significant drop was seen in sanctions against the MSME segment in the fourth quarter (represented by long-term loans, unsecured business loans and home loans) compared to fiscal years 19 and 20.

The industry has yet to catch up with the levels reached in T4FY19, especially in the case of vehicles, EC loans and MSMEs.

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Joan Ferguson

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