Authors: Pasalkar Shivaunsh Pramod, Dr. Tejaswinee Ingle
Abstract: Housing loan financing has become an essential mechanism for promoting home ownership in urban areas, particularly in rapidly developing cities like Pune. Rising property prices and limited personal savings have increased the dependence of individuals on housing finance institutions to fulfill their home ownership aspirations. The present study examined housing loan financing and its impact on home owners in Central Pune, with a focus on understanding loan accessibility, affordability, repayment patterns, and their influence on the financial well-being of borrowers. The primary objective of the study was to analyze the role of housing loan financing in facilitating home ownership and to assess its impact on the financial stability and lifestyle of home owners. The study adopted a descriptive research design and was based on both primary and secondary data. Primary data was collected through a structured questionnaire from 100 home owners in Central Pune who had availed housing loans, while secondary data was gathered from bank reports, housing finance company publications, journals, and online sources. Simple statistical tools were used for data analysis. The findings revealed that housing loans significantly improved the purchasing capacity of individuals and enabled timely acquisition of residential property. However, factors such as interest rate fluctuations and long repayment tenure affected monthly financial planning. The study concluded that housing loan financing has a positive impact on home ownership, and the findings may be useful for financial institutions, policymakers, and prospective home buyers in designing and selecting suitable housing finance options
DOI: https://doi.org/10.5281/zenodo.19754447
