Interrelationship between borrower behaviour and financial satisfaction among housing finance borrowers in Kerala

Abstract

Housing loans are a critical aspect of personal finance, and many newlineindividuals rely on them to fulfil their housing needs. Housing loans often newlinerepresent a significant financial commitment for borrowers, leading to newlinehigh debt burdens. Understanding the financial satisfaction of borrowers newlinecan provide valuable insights into their well-being, financial stability, and newlineoverall satisfaction with their housing situation. The Population of the newlinestudy comprises of borrowers of housing finance from various housing newlinefinance institutions in Kerala. A multi stage purposive stratified sampling newlinetechnique has been adopted for data collection. Results sheds light on the newlinenuanced relationship between housing loan demand, borrower profiles, newlineloan product attributes, financial satisfaction, and loan default newlineprobabilities, in the context of housing finance in Kerala. The interplay of newlinethese factors within the specific geographical and socio-economic context newlinedetermined the financial satisfaction of the borrowers. Its implications are newlinediscussed. newline