A number of housing
finance companies (HFCs) are now actively lending in the below Rs. 10 lakh market.
From 1990s to early
2000s, only two (2) HFCs were actively
lending to low-income or information segment customers.
But over the past few
years, a number of new HFCs have entered the housing loan market and now more
than 10 HFCs are actively lending to low-income customers.
While the two
established players DHFL and Gruh have built very large loan books over the
years, even new players have built a combined book of close to Rs. 1,000 crore
in a short period of time. Last year alone, these new players disbursed close
to Rs. 500 crore.
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