Home loan demand will grow up in 2010

The growth in housing loans was Rs 14,668 crore in August 2009, against Rs 29,872 crore in August 2008. As the economy is on the recovery track home loan demand will eexpected to grow. Some banks are till reducing their home loan rate to capture this opportunity like Bank of India have fixed rate for home loans 8 per cent upto Rs 30 lakhs and 8.25 per cent for loans above Rs 30-lakh. According to Macroeconomic and Monetary Developments the Reserve Bank of India's, Q2 Review 2009-10, as on August 28, 2009, the year-on-year growth in home loans was 5.4 per cent, against 12.4 per cent as on August 29, 2008.

In 2009-10 According to Managing Director, HDFC Ltd. the growth in disbursal's has been about 26 per cent for HDFC.