Home loan issuances rise 26% in first half

Chennai: Home loan issuances rose 26 per cent in the first half of 2021 against the second half of last year. Balance of home loan transfers too rose 42 per cent, finds a study by MagicBricks.

The low interest rates, lower stamp duties in some states and attractive incentives by builders have helped a 42 per cent surge in demand for balance transfers, 26 per cent rise for home loans and 20 per cent in loan against property in H1 2021 against H2 2020,  according to Magicbricks Home Loans Consumer Study.

In tier-I cities the most preferred amount was Rs 36 lakh for home loan, Rs 26 lakh for balance transfers and Rs 32 lakh for loan against property. In tier-II cities, it was Rs 26 lakh, Rs 23 lakh and Rs 18 lakh, respectively.

As per another recent report by, Loan-to-Value and foreclosure charges are the most critical factors for deciding the lender bank for home loans.  A higher LTV reduces the down payment amount and lowers the foreclosure charges.


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