Home Loan Statistics India 2026: Outstanding Loans, Growth, Ticket Size and Defaults

How big is India's home loan market in 2026?

India's lenders had ₹40,41,692 crore of individual housing loans on their books on 31 August 2026. That is the National Housing Bank's count from its Housing Finance Repository, which covers public sector banks, private banks, regional rural banks and housing finance companies (HFCs). Two years earlier, in October 2024, the same series stood at ₹34.2 lakh crore, so roughly ₹6.2 lakh crore of fresh net lending has been added in under two years.

You will see other totals quoted, and they measure different things. RBI's sectoral credit data, which covers 41 banks and leaves out HFCs, put bank housing credit at ₹35.6 lakh crore in August 2026, as reported by Outlook Money. Credit bureau CRIF High Mark counts every lender that reports to it, including NBFCs and co-operative banks, and arrives at ₹44.4 lakh crore for March 2026. Experian puts the figure at ₹43 lakh crore for the same date. We lead with the NHB number because it is an official series published every month.

Over a longer stretch the change is large. Knight Frank India, citing official data, notes that individual housing loans rose from around ₹10 lakh crore in March 2015 to more than ₹37 lakh crore by March 2025, lifting housing loans from about 8% to over 11% of GDP. That is still low next to developed markets, which is one reason banks keep chasing this segment.

How fast are housing loans growing?

The NHB book grew 9.8% between August 2025 and August 2026. Bank-only growth was faster: RBI data reported by Outlook Money shows housing loans at banks up 11.1% in August 2026, against 9.7% a year earlier. RBI's own release on the same data says housing sustained double-digit growth, and its NBFC release for August 2026 says housing loans at NBFCs and HFCs accelerated.

Growth in loan balances is running ahead of growth in the number of loans. CRIF High Mark counted 235.7 lakh active home loans in March 2026, up only 2.5% in a year, while the value outstanding rose 9.4%. In plain terms, fewer extra people are borrowing, but each borrower is taking a bigger loan. New sanctions tell the same story: ₹11.8 lakh crore of home loans were originated in FY26, 12.3% more by value than FY25, while the number of loans rose about 7%.

Rates helped. RBI cut the repo rate by a cumulative 125 basis points between February and December 2025, which pushed lending rates down and lifted sanctions in the January to March 2026 quarter. That support has started to reverse: on 7 October 2026 the Monetary Policy Committee raised the repo rate by 25 basis points to 5.50% and moved to a stance of calibrated tightening. Floating rate borrowers should expect their EMIs or tenures to rise over the next few months.

Who lends the most? Banks vs housing finance companies

Public sector banks hold the biggest slice. In August 2026 they had ₹18.48 lakh crore of individual home loans, 45.7% of the NHB total, and their book grew 12.0% in a year. Private banks held ₹13.88 lakh crore (34.3%) but grew only 6.0%, so they are losing share. HFCs held ₹7.51 lakh crore (18.6%) and grew 11.5%. Regional rural banks are small at ₹54,532 crore but grew fastest, at 16.3%.

New lending shows the same shift. CRIF data shows public sector banks originated 44.5% of home loan value in Q4 FY26, up from 39.7% two years earlier, while private banks fell from 33.9% to 27.7%. HFCs held steady near a fifth of value but a larger share of loan count, because they focus on smaller tickets.

Among individual lenders, SBI is in a league of its own with ₹9,59,369 crore of home loans in June 2026, growing 12.75% a year with gross NPAs of just 0.60%. LIC Housing Finance, the largest HFC by home loans, had an individual home loan book of ₹2,71,979 crore at the same date, while the company's overall loan book grew about 4%.

What is the average home loan size in India?

The average new home loan sanctioned in January to March 2026 was ₹34,20,930, according to CRIF High Mark, 10.6% higher than a year earlier. Experian reports a similar average of ₹34.8 lakh for the same quarter, up from ₹31.6 lakh. Both are averages of sanctioned amounts, not of outstanding balances, and the small gap comes from different lender coverage.

The more telling number is the mix. Loans above ₹75 lakh accounted for 40.7% of the value of all home loans originated in Q4 FY26, up from 33.6% in Q4 FY24. By count they are still only 9.4% of loans. Loans of ₹5 lakh to ₹35 lakh remain the bulk by number at 53.7%, but their share of value has slipped from 34.9% to 29.1% in two years. Lending is following the market upwards, as sales tilt towards homes priced above ₹1 crore.

For a Gurgaon buyer this fits what we see on the ground. A ₹3 crore apartment with a 25% down payment needs a loan of about ₹2.25 crore, more than six times the national average ticket. Lenders are comfortable with such loans: the over ₹75 lakh bucket also has the lowest early delinquency of any ticket size.

Where are home loans concentrated by state?

Maharashtra alone accounts for ₹9.8 lakh crore of the ₹44.4 lakh crore home loan portfolio tracked by CRIF High Mark in March 2026, more than double any other state. Karnataka (₹4.7 lakh crore), Telangana (₹3.7 lakh crore), Gujarat and Tamil Nadu (₹3.6 lakh crore each) follow. The top ten states hold 80.6% of all home loans.

Telangana grew fastest among large states at 12.8%, followed by Uttar Pradesh at 11.2%. Delhi's book of ₹2.0 lakh crore grew only 5.3%, the slowest in the top ten, partly because new NCR housing supply sits in Gurugram, Noida and Ghaziabad rather than inside Delhi. Haryana does not appear in CRIF's top ten list.

How many women take home loans in India?

Women borrowers hold 32.2% of India's home loan portfolio, according to CRIF High Mark's study of credit data to December 2025, and account for 33.2% of the value of new home loans. Their average home loan ticket was ₹33.9 lakh, higher than the ₹30.7 lakh average for men. Much of this reflects joint loans in which a woman is named as a borrower or co-owner.

Women also repay well. CRIF found their portfolio at risk (31 to 180 days overdue) across all loan types at 2.8%, against 3.3% for men. The total number of women borrowers across all credit products reached 8.9 crore, growing 14.2% a year since December 2020.

Are home loan defaults rising? NPA levels in housing

No. Home loans remain the cleanest large retail product in India. CRIF High Mark data shows 2.1% of the home loan book was 31 to 180 days overdue in March 2026, down from 2.5% a year earlier, and loans more than 180 days overdue fell from 1.8% to 1.7%. RBI's Financial Stability Report of June 2026, as summarised by Policy Circle, put gross NPAs on secured retail loans, where housing is the largest part, at 0.7% in March 2026.

Stress sits in smaller loans. Early delinquency (31 to 90 days) was 2.85% on loans of ₹5 lakh to ₹35 lakh, 1.37% on ₹35 lakh to ₹75 lakh and only 0.88% on loans above ₹75 lakh. Private banks have the cleanest books, with PAR 31 to 90 under 1%. At lender level, SBI's home loan gross NPA was 0.60% in June 2026, and LIC Housing Finance's Stage 3 assets fell to 2.14% from 2.62%.

PMAY home loan subsidy: how many people benefited?

The Credit Linked Subsidy Scheme (CLSS) under PMAY-Urban paid ₹58,885 crore of interest subsidy to 25,04,220 beneficiaries, the housing ministry told the Lok Sabha in July 2025. A government note from June 2026 puts the total disbursed at more than ₹59,318 crore. The original CLSS closed in 2021 for the middle income group and in 2022 for economically weaker and lower income groups.

It has been replaced by the Interest Subsidy Scheme under PMAY-U 2.0, in force from 1 September 2024, which gives up to ₹1.80 lakh of subsidy to families earning up to ₹9 lakh on loans up to ₹25 lakh for homes worth up to ₹35 lakh. PMAY-U 2.0 aims to support one crore more urban families by 2028 to 2029. Across PMAY-Urban as a whole, 98.10 lakh of 125.31 lakh sanctioned houses were completed by May 2026. These schemes matter for first-time buyers in smaller ticket sizes; they do not apply to the ₹1 crore plus homes that dominate Gurgaon's new supply.