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Loans Under Affordable Housing Face Bigger Risk of Defaults

March 05, 2018

Loans Under Affordable Housing Face Bigger Risk of Defaults

Even though the government continues to push its affordable housing scheme that offers interest subsidy to the home loan borrowers, the plan is already facing challenges.

A recent report by credit rating firm Crif Highmark said that compared to standard home loans that have 90 Days Past Due status and make for 1.96% of the total number of loans, loans under the Rs. 25 lakh category which is also called the affordable housing category make for 2.33%.

The smallest-ticket home loans i.e. of an amount below Rs. 2 lakh have a Non Performing Asset Ratio of 10.4%, the highest of all loan categories.

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