Size, growth, bad loans and returns for every lender, taken from its own filings and explained in plain words.
Their loan books add up to ₹8.1 lakh crore, at 31 March 2025.
14 of these loan books are pending review
Also on Lenderboard, with no FY 2024-25 figures yet: Aadhar Housing Finance, Aptus Value Housing, Cent Bank Home Finance, DMI Housing Finance, Godrej Housing Finance, Ind Bank Housing, Manraj Housing Finance, Nido Home Finance and Shubham Housing Finance.
Rank all 19 lenders by size, growth, bad loans or returns. The top three share the podium.
1LIC Housing Finance₹3,07,732 Cr, pending reviewLargest of 192Bajaj Housing Finance₹1,14,684 Cr2nd largest of 193Piramal Finance₹80,689 Cr, pending review3rd largest of 19
Locked lender, 4th largest of 19₹80,397 CrLocked lender, 5th largest of 19₹62,346 Cr, pending reviewLocked lender, 6th largest of 19₹38,217 Cr, pending reviewLocked lender, 7th largest of 19₹31,053 Cr, pending reviewLocked lender, 8th largest of 19₹20,420 CrPending review: from the filing, our check is not finished
Worked out the same way for each lender, so a large lender and a small one read side by side. Each one also has its own page.
How the 19 lenders’ combined loans split between them. Each hexagon is 1%.
| Lender | Loan lossesLower is better | Cover for bad loansHigher is safer | Debt to equityLower is safer | Capital ratioHigher is safer |
|---|---|---|---|---|
| Locked, some values pending review | 0.09%, 3rd of the six | 51.25%, 2nd of the six | 8.18×, 6th of the six | 23.20%, 6th of the six |
| Locked | 0.07%, 2nd of the six | 60.28%, Best of the six | 4.70×, 4th of the six | 28.24%, 4th of the six |
| Locked, some values pending review | 1.60%, 5th of the six | 47.81%, 3rd of the six | 2.22×, 2nd of the six | 30.56%, Best of the six |
| Locked | −0.20%, Best of the six | 36.10%, 6th of the six | 3.69×, 3rd of the six | 29.38%, 3rd of the six |
| Locked, some values pending review | 7.08%, 6th of the six | 40.10%, 5th of the six | 2.19×, Best of the six | 29.52%, 2nd of the six |
| Locked, some values pending review | 0.20%, 4th of the six | 47.70%, 4th of the six | 6.98×, 5th of the six | 25.08%, 5th of the six |
Line lenders up on several measures at once, shaded from best to weakest.
Each bar is one lender, lowest cost to income first, with the typical HFC marked.
The rate each lender charges against its cost of borrowing. The gap is what it earns.
Each lender’s capital ratio beside the RBI’s minimum of 15%.
Pending review: from the filing, our check is not finished
Three kinds of reader use Lenderboard. Choose the way in that fits you.
Look up the company behind your home loan and see how sound it is.
Your company against every rival, one measure at a time.
A lender whose main business is home loans. In India, housing finance companies are regulated by the Reserve Bank of India and supervised by the National Housing Bank.
By the size of their loan book, unless you pick another measure: growth, bad loans or returns. Every rank says which way it runs, such as “3rd lowest of 18”, so you never have to guess whether high is good.
From each company’s own filings: annual reports, quarterly results and investor presentations.
The figure comes from a filing, but our team has not finished checking it against the source. Until the check is done, it is marked as pending: striped in charts, bars and table cells, or with a small ring beside it.
The middle of the lenders that report a measure: half are above it, half below. A few very large or very small lenders can pull an average around, so we use the middle instead.
Screeners use one template for every company, and it misreads lenders. We use the measures lenders are judged on, such as bad loans, the rate they charge against what they pay to borrow, and capital, for listed and unlisted lenders alike.
No. We compare figures that companies publish. Nothing here recommends investing in, or borrowing from, any company.