For many years, banks have been the preferred choice for individuals seeking home loans due to their
For many years, banks have been the preferred choice for individuals seeking home loans due to their established credibility and longstanding presence in the financial sector. Banks provide many benefits to home loan seekers, such as a wide variety of loan options and strict regulatory supervision by central banking authorities. Despite the fact that banks have traditionally been a sound and stable source for home loans, it is advantageous to also examine the changing lending landscape. NBFCs have also emerged as stiff competitors, thus providing alternative solutions for home loan seekers. The offerings of NBFCs can be explored for borrowers to have more options that might suit their needs better.