NBFC Home Loans Hit ₹92K Cr: Are You Overpaying?

A major housing finance company plans to disburse ₹92,000 crore yearly by FY30 and expand branches from 220 to 1,600. More NBFC lenders competing for your home loan means better rates and easier access — if you know how to use the competition.

Here's what happened: A large Indian housing finance NBFC has announced plans to grow annual loan disbursements to ₹92,000 crore by FY29–FY30 under a structured growth strategy.. The company plans to expand its branch network from approximately 220 branches currently to around 1,600 branches over the next few years, targeting Tier-2 and Tier-3 cities.. This expansion signals rising competition in the housing finance sector, which directly affects the home loan rates and choices available to middle-class borrowers..

What you should do: Compare home loan rates from at least 2–3 NBFCs alongside your bank before accepting any sanction letter — a 0.25% rate difference on a ₹50 lakh loan saves over ₹1.5 lakh across 20 years.. If you already have a home loan with an NBFC, call your lender and ask for a formal rate reset in writing — especially if RBI has cut the repo rate since your loan was sanctioned.. Check whether your city or town is in a new lender's expansion zone using their branch locator; first-time borrowers in smaller cities may now qualify for formal housing loans at regulated rates..

NBFCs must be RBI-registered but are not bound by MCLR rules like banks — always ask for the exact benchmark your rate is linked to and the reset frequency before signing.