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.

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