Dashboard 1 — India Home Loan Market Overview
Home Loan Spoke · Fellocraft Research · Apr 2026
Home Loan Spoke · Fellocraft Research · April 2026
India Home Loan Market Overview
Market size, lender landscape, provider type split, channel distribution and growth trajectory — the competitive context every home loan marketer needs before building strategy.
₹33 lakh crore market. SBI leads. Banks hold 74.5%.
India's housing finance market is valued at ₹33 lakh crore (~$379B) and is projected to reach ₹77–81 lakh crore by FY30 at 15–16% CAGR. SBI regained the #1 position in June 2025 with ₹8.51 lakh crore, overtaking HDFC Bank. Banks collectively hold 74.5% market share vs HFCs at 19% — yet aggregators like BankBazaar and Paisabazaar generate more organic traffic than every HFC combined.
Market size FY25
₹33L Cr
~$379B · CareEdge / IBEF
Projected size FY30
₹81L Cr
15–16% CAGR · CareEdge Ratings
SBI home loan book
₹8.51L Cr
#1 lender · 27.3% market share · FY26 Q1
Bank vs HFC split
74.5% / 19%
Banks dominate · HFCs hold 19% · Mar 2024
Market size trajectory
Housing finance market — FY20 to FY30F
Outstanding home loan portfolio, ₹ lakh crore. FY25 onwards are projections at 15–16% CAGR.
Market size growing from ~15L Cr in FY20 to 33L Cr in FY25 and projected 81L Cr by FY30.
Sources: CareEdge Ratings via IBEF, March 2025; Mordor Intelligence, Jan 2026. FY26–30 are industry consensus projections.
Lender market share
Home loan portfolio — top lenders
Outstanding portfolio as of Q1 FY26 (June 2025). SBI regained #1 position from HDFC Bank.
SBI PSB
₹8.51L Cr · 27.3%
27.3%
HDFC Bank Pvt
₹8.43L Cr · ~27%
~27%
LIC Housing HFC
~₹2.8L Cr
~9%
ICICI Bank Pvt
~₹2.2L Cr
~7%
Axis Bank Pvt
~₹1.6L Cr
~5%
PNB Housing HFC
~₹750K Cr
~2.5%
Others
~₹2.1L Cr
~7%
Sources: SBI Integrated Annual Report FY25; Angel One / SBI investor presentation Q1 FY26; CareEdge Ratings. Portfolio figures are directional estimates for competitive benchmarking.
Provider type split
Market share by lender category
Outstanding home loan portfolio split — banks vs HFCs vs NBFCs. March 2024.
Banks 74.5%, HFCs 19%, NBFCs and others 6.5%.
Banks — 74.5%
HFCs — 19%
NBFCs & others — 6.5%
Source: CareEdge Ratings via IBEF, March 2024. Banks include public sector and private sector banks.
Interest rate preference
Floating vs fixed rate split
Share of outstanding portfolio by interest rate type. 2025.
Floating rate 73.4%, fixed rate 17.2%, hybrid 9.4%.
Floating — 73.4%
Fixed — 17.2%
Hybrid — 9.4%
Source: Mordor Intelligence India Home Loan Market Report, Jan 2026. Fixed-rate CAGR projected at 17.24% through 2031 — fastest growing segment.
Market context
Key market metrics — India home loan sector
Metric Value Signal
Total housing finance market FY25 ₹33 lakh crore (~$379B) CareEdge Ratings / IBEF
Projected market size FY30 ₹77–81 lakh crore 15–16% CAGR
SBI home loan portfolio (FY25) ₹8.31 lakh crore 27.3% market share · 14.46% YoY growth
SBI reclaimed #1 position June 2025 ₹8,000 Cr ahead of HDFC Bank Q1 FY26
HDFC Bank home loan book (Q1 FY26) ₹8.43 lakh crore 7% YoY growth — slowing vs SBI's 15%
Banks' combined market share 74.5% March 2024 · dominates the sector
HFCs' market share 19% 12% CAGR · ₹9.6 lakh crore portfolio FY24
Avg home loan interest rate (2025) 8.15% – 9.25% Repo rate cut to 5.25% by Dec 2025
Floating rate share 73.4% Borrowers favour repo-linked transparency
Fixed rate CAGR (2025–2031F) 17.24% Fastest growing segment — EMI certainty demand
India home loan market size (USD) 2025 $430–480B Mordor Intelligence / Mordor range
PMAY-U 2.0 allocation ₹2.5 lakh crore Sanctioned Oct 2025 — affordable housing demand driver
Sources: CareEdge Ratings via IBEF (market size, CAGR projections, provider split), March 2025 · SBI Integrated Annual Report FY2024–25 (portfolio, market share) · Angel One / SBI investor presentation Q1 FY26 (SBI regains #1) · Mordor Intelligence India Home Loan Market Report, January 2026 (USD market sizing, rate type splits) · RBI Monetary Policy Statements (repo rate) · PMAY-U 2.0 press release, October 2025. Market share figures are approximate — individual lender portfolios outside SBI and HDFC Bank are directional estimates based on publicly available data.