Housing is one of the basic needs of human and in this era of inflation, housing is one of the challenges an individual face. To rescue from this problem, housing finance companies come.
Housing Finance Companies are companies which help people having a dream home by offering home loans. Apart from home loans, these companies also offer home improvement loans and loan against property.
There are many housing finance companies operating in the country, which offer home loans at attractive interest rates. This post describes about the top 10 housing finance companies in India:
10. GIC Housing Finance Limited
10th position on this list is occupied by GIC Housing Finance Limited (GICHFL), a housing finance company incorporated in the year 1993. GICHFL has more than 50 branches in the country, which offer home loans.
GIC Housing Finance Limited is growing swiftly and in the last financial year, its total revenue was more than Rs 730 Crore. Also, the profit generated by the company was over Rs 100 Crore.
9. CanFin Homes Limited
CanFin Homes Limited is a south based housing finance company, which was founded in the year 1987. It was set up under the sponsorship of Canara Bank and about 70% of its branches are located in the southern part of the country.
The company has 110 branches in different parts of the country and offer housing loans and non housing loans. It offers loans for various purposes like construction of houses, renovation of house, extension of house, etc.
8. Repco Home Finance Limited
Repco Home Finance Limited is another strong player in this segment and placed at the eighth spot in the list of top 10 housing finance companies in India. Founded in the year 2000, Repco Home Finance Limited has 106 branches in different states in the country.
7. GRUH Finance Limited
A subsidiary of HDFC, GRUH Finance Limited is next on this list, which started its operations in the year 1988. Headquartered in Ahmedabad, GRUH Finance Limited has more than 170 offices in the country.
The company offers a wide range of home loan products at attractive interest rates. GRUH Suraksha, GRUH Samruddhi and GRUH Suvidha are some of the products of the company.
6. Housing and Urban Development Corporation Limited
Housing and Urban Development Corporation Limited is a public sector undertaking organization incorporated in the year 1970 and engaged in providing finance to housing and infrastructure projects. The company has financed more than 16,800 housing projects and over 2,000 infrastructure projects.
5. PNB Housing Finance Limited
A subsidiary of Punjab National Bank, PNB Housing Finance Limited (PNBHFL) is ranked fifth in the list of top 10 housing finance companies in India. PNBHFL was started in the year 1988 and offers loans for construction, purchase and renovation of homes.
PNB Housing Finance Limited is among the fastest growing housing finance companies in the country and in the last financial year, its profit grew by 32%. Also, the total amount of loans disbursed by the company was Rs 9,440 Crore.
Winner of Asia’s Most Promising Brand Award, DHFL has more than 500 offices in the country. DHFL offer a wide range of home loan products, that include Home Loans, Home Construction Loans, Home Improvement Loans, Plot Loans, Mortgage Loans, etc.
3. LIC Housing Finance Limited
LIC Housing Finance Limited (LIC HFL) is among the largest housing finance companies in the country, which offer loans for construction, repair and renovation of house and flat. Apart from home loans, LIC HFL also offers loan against property, loan against securities, loan under rental securitization.
2. Indiabulls Housing Finance Limited
Indiabulls Housing Finance Limited is another strong player in this segment and occupied second in the list of top 10 housing finance companies in India. With more than 200 branches in the country, Indiabulls Housing Finance Limited has a dedicated workforce of over 4,500 employees.
The company is known for offering home loans and loans against property at attractive interest rates. The company is performing well and in the last financial year, its profit crossed the mark of Rs 1,900 Crore.
HDFC is the leading housing finance company in the country that came into existence in the year 1977. The company is one of the largest home loan providers in the country and till now, it has disbursed loans of more than Rs 2.5 Lakh Crore.
HDFC has a strong network in the country with more than 370 offices in various towns and cities in the country. Home Loans, Home Improvement Loans, Plot Loans and Loan against property are some of the products of the company.