Top Mortgage Lenders in India

The Finance Industry is one of the big industries in India. The Financial industry is growing at a faster pace. As per the reports, the Finance Industry contributes 7% of the gross domestic product (GDP). In India, several types of financial institutions like Banks, NBFCs, Insurance Companies, etc. All these companies play an important role in society.

The best mortgage lenders in India offer various options for borrowers, from traditional brick-and-mortar banks to online lenders. But when it comes to finding the best rates and terms, some major players stand out from the crowd. Here are the biggest banks that offer mortgages in India:


HDFC Bank is an Indian banking and financial services company headquartered in Mumbai, Maharashtra. It has 88,253 permanent employees as of 31 March 2019 and is in Bahrain, Hong Kong, and Dubai. HDFC Bank is India's largest private sector lender by assets. According to BSE, it is the largest Bank in India by market capitalization as of March 2020.

Total Assets: 17.47 trillion INR 230 billion (2021)

Number of Employees: 120,093 (2021)

Number of Branches: 5,500 branches across 2,764 cities as of 30 June 2019.

It is the leading provider of housing finance in India. The company also has a presence in banking, life and general insurance, asset management, venture capital, and education loans. HDFC provides housing loans for the purchase or construction of houses, home improvement loans, and home extension loans.

PNB Housing Finance

PNB Housing Finance is among the top housing finance companies in India. It is a subsidiary of Punjab National Bank, one of the oldest banks in India. The company's strong network of more than 85 branches As of 30 June 2018 and its experience of more than 35 years makes it one of the best mortgage lenders in the country.

The company offers loans to purchase or construct a new home, for purchasing old homes, or for land purchases or repairs to an existing home. Loans are also available for commercial purposes, such as purchasing office space and shops. PNB Housing Finance also offers special loans for NRIs who wish to buy property in India.

  • Total assets as of March 2021 stood at 71,332.52 billion

  • Number of employees ~1290 (2018)

LIC Housing Finance Limited (LICHFL) 

LIC Housing Finance Limited (LICHFL) is a housing finance company established in 1989. The company is headquartered in Mumbai, India. It is one of India's largest housing finance providers and has an asset base of over 235,633.32 million as of March 2021.

As of March 2020, LICHFL has a pan India presence with a network of 1004 offices spread across the length and breadth of the country. The servicing branch network includes more than 450 centers across India. It has a customer base of more than 1 million customers, including NRIs.

The company offers home loans at affordable interest rates to borrowers who wish to purchase or construct houses for residential purposes. The loan can also be available to buy land or plot, construct a house, or expand/renovate/repair existing residential units. As of 1 February, 1 February 2021, the company had 2,103 employees across its branches.

Indiabulls Housing Finance

Indiabulls Housing Finance is one of the largest housing finance companies in India. It was founded as a mortgage loan company and is headquartered in Gurgaon. Indiabulls Housing Finance Limited has 3,480 employees working currently in various branches across India. Indiabulls Housing Finance offers various home loans, loans against property, and developer loans. However, it does not offer NRI or SME loans.

Indiabulls Housing Finance has evolved from being just a mortgage loan provider to a diversified financial services group with business interest in housing finance, consumer finance, wealth management, and real estate advisory & transactions services.

  • Total assets ₹751 billion (US$10 billion) (2016)

  • Total branches: over 220 branches in 110 towns and cities across India. 

IIFL Holdings Limited

IIFL Holdings Limited is an Indian diversified financial services company focused on wealth and asset management. The company is based in Mumbai. Founded in 1995 by Nirmal Jain, it offers products and services across multiple asset classes and consumer segments such as loans, wealth management, retail broking, institutional broking, and investment banking. The company had total assets worth 406.7 billion INR (US$5.7 billion) as of 2021. It had 2000+ branches spread across over 100 cities with around 10,500 employees.

Tata Capital

Tata Capital is the financial services arm of the Tata Group. The company was founded in 2007 and is based in Mumbai, India. Tata Capital offers a range of financial services to meet the needs of its customers. It is headquartered in Mumbai, India. Tata Capital's services include personal loans, home loans, two-wheeler loans, commercial vehicle loans, car loans, business loans, and working capital finance.

  • Total assets: INR mil, 392,811, 398, (2018)

  • Total employees: 43

  • branches 190 + 

Piramal Housing Finance

Piramal Housing Finance is a housing finance company registered with National Housing Bank (NHB) and serves both individual and institutional customers. Piramal Housing offers a wide range of housing finance products and services to individuals, organizations, builders, and developers. The company focuses on long-term finance, short-term loans, acquisition finance, construction finance, and bridge finance.

Piramal Housing Finance was established in 2010 as part of the Piramal Group's diversification into the financial services sector. The company is headquartered in Mumbai, India.

  • Total assets: Rs. 66,986 crore  (September 30, 2021)

  • Total employees: over 3,000 employees

GIC Housing Finance

GIC Housing Finance Limited (GICHFL) is a mortgage loan company based in India. The company was established in 1989 as the housing finance arm of General Insurance Corporation of India (GIC). It offers home loans, construction finance, and loan against property to individuals and corporate bodies. GIC Housing Finance is headquartered in Mumbai, India. GIC Housing Finance Limited is a mortgage loan provider in India. The company offers individuals home loans, loans against property, and construction finance. The company is headquartered in Chennai and has regional branches across India. 

  • Total assets: $1,744 billion Fiscal Year-End

  • Number of employees: 329 


ICICI Bank was incorporated as a corporate body on 5 January 1994 and obtained a certificate for commencement of business on 9 May 1994. The registered office is at ICICI Bank Towers, Bandra Kurla Complex, Mumbai 400051. The Bank commenced operations in 1996 by offering a wide range of banking products and financial services to corporate and retail customers through various delivery channels and specialized subsidiaries in investment banking, life and non-life insurance, venture capital, and asset management.

  • Total assets: 15.74 trillion INR (US$220 billion, 2021)

  • Total employees: 97,354 (2020)

  • Total branches:  5,288


Q. Who is the largest housing finance company in India?

A. HDFC; The Bank is one of the most trusted brands in the country and has provided home loan solutions to customers for over three decades. They provide superior customer service, and our branches are located across India to serve their customers better.