• M. Magheswari
• Dr.A.Velanganni Joseph

ABSTRACT Every citizen of the country dreams of having his own house. This takes precedence over other household expenditure and creature needs. Housing is a major expenditure and cannot be funded out of a family’s normal monthly income or savings. The prospective homeowner must look for a loan substantial in size and so structured that he (borrower) can repay it over a longer period of time. The demand for housing has increased rapidly due to population growth, migration from rural areas to urban areas, the decay of the existing housing stock and breakdown of traditional joint families. Since housing requires huge investment, a critical constraint for the development of housing is lack of finance. Home loans means that you buy a house on installments, in other words when you want to own a home and cannot afford to pay the amount in lump sum, you can pay it in monthly installments with an interest rate. On an average a person spends almost two-thirds of his life in a house which is his sanctuary in his old age. In rural areas the situation is even more alarming. This paper describes and analyses the perceptions and problems of home loan takers in Ramanathapuram. It offers policy options to make the housing finance more effective in addressing the hither to neglected segment, the rural and less–developed region.

Keywords: Financing, Banking, Loans, Housing loans and borrowers.

"AN EMPRICAL STUDY ON BORROWERS PERCEPTION TOWARDS HOUSING LOAN IN RAMANATHAPURAM", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 4, page no.601-611, April-2019, Available :http://www.jetir.org/papers/JETIR1904H98.pdf

"AN EMPRICAL STUDY ON BORROWERS PERCEPTION TOWARDS HOUSING LOAN IN RAMANATHAPURAM", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 4, page no. pp601-611, April-2019, Available at : http://www.jetir.org/papers/JETIR1904H98.pdf