Home loans which have a ticket size less than Rs 10 lakh are classified under affordable housing loans. The sanctioned lending amount in the calendar year 2016 for affordable housing was close to Rs 30,400 crore given to around 7.5 lakh borrowers. "The golden lining is that there have been low delinquency rates on affordable housing loans over the last five years. The low delinquency rates on affordable housing loans over the last five years also make them attractive for bankers. The affordable segment also qualifies for the priority sector lending which is another incentive to push these loans.

Source: dna May 03, 2017 18:33 UTC