Bajaj Housing Finance comparison with other housing fiannce companies, September 13, 2024

Data as on - September, 13, 2024

🔧 Bajaj Finance Ltd

Bajaj Finance is mainly engaged in the business of lending. BFL has a diversified lending portfolio across retail, SME and commercial customers with a significant presence in urban and rural India. It also accepts public and corporate deposits and offers variety of financial services products to its customers.

🚗 LIC Housing Finance

LIC Housing Finance Limited is a housing finance company registered with National Housing Bank (NHB) and is mainly engaged in financing purchase / construction of residential flats / houses to individuals and project finance to developers, Loan against Property (LAP), Lease Rental Discounting (LRD)for commercial properties as well as purchase of commercial shops/showrooms.

💶 PNB Housing Finance Ltd

PNB Housing Finance offers retail customers housing and non-housing loans, including individual home loans, loan against property, non-resident property loan, among others. It is promoted by Punjab National Bank.

🏥 Aadhar Housing Finance

Aadhar Housing Finance Ltd (AHFL) is a prominent housing finance company in India, specializing in providing financial solutions to the low-income housing segment. Company Overview

Establishment: Aadhar Housing Finance was originally founded as Vysya Bank Housing Finance in 1990 and has undergone several name changes. It became Aadhar Housing Finance Limited in 2013 after merging with another entity. Focus Area: The company primarily caters to the low-income group, offering home loans with an average ticket size of around ₹10 lakh. It focuses on loans for residential property purchases, home improvements, and commercial property acquisitions.

Market Position: As of September 2024, Aadhar Housing Finance holds a market capitalization of approximately ₹19,910 crore and is recognized as one of the largest players in the low-income housing finance sector in India

🏦 Aavas Financers

Aavas Financiers Ltd is a housing finance company based in Jaipur, India, primarily focused on providing home loans to customers in rural and semi-urban areas. Company Overview Incorporation and Operations: Aavas was incorporated in February 2011 and began operations in March 2012. It was registered as a Housing Finance Company with the National Housing Bank in August 2011. The company changed its name to Aavas Financiers Limited in March 2017. Leadership: The company is currently led by Sachinder Bhinder, who serves as the Managing Director and CEO. Market Presence: As of June 30, 2024, Aavas operates 371 branches across 13 states in India, catering primarily to the low and middle-income segments.

📈 Canfin Home Finance

Can Fin Homes Ltd is a leading housing finance company in India, primarily engaged in providing housing loans to individuals and families. Company Overview Incorporation: Can Fin Homes was incorporated on October 29, 1987, and is promoted by Canara Bank, which holds a 29.99% stake in the company. Headquarters: The company is headquartered in Bengaluru, Karnataka. Registration: It is registered as a deposit-taking housing finance company with the National Housing Bank (NHB).

Repco Home Finance

Repco Home Finance Ltd is a prominent non-banking financial company (NBFC) in India, specializing in housing finance.

Incorporation: Repco Home Finance was established on April 4, 2000, and is headquartered in Chennai, Tamil Nadu. It operates under the regulatory framework of the National Housing Bank (NHB). Ownership: The company is promoted by the Government of India, which holds a significant stake, and it has received investments from various financial institutions. Focus Area: Repco Home Finance primarily provides loans for the purchase and construction of residential properties. It caters to both salaried and self-employed individuals, offering a variety of housing loan products tailored to meet diverse customer needs.