| Against all odds, Indian economy finally, has | | | | Home loan, from the same bank has been going |
| successfully managed to prove that it possess all the | | | | great guns, which is chiefly because of futile period |
| elements which are necessary to be the world's | | | | that real estate segment of the country has been |
| leading economy. One thing that testifies it, is the | | | | seeing from past six months or so. In fact, the |
| growth noticed in retail loans segment which is for | | | | positive real estate loan-connected loan offtake has |
| every one to see. Yes, past few months have been | | | | been quite remarkable as already a lot has been done |
| extremely fruitful for major lending entities across | | | | in this direction via both public and private sector |
| the Indian economy. In more precise language, retail | | | | banks by slashing down or freezing the rate of |
| loan offtake in the last few months have been | | | | interest on their home loan products. Prices of both, |
| positive and is indicative of the fact that growth in | | | | commercial and residential, properties have hit |
| coming time will be on the positive side. | | | | rock-bottom in last quarter or so, which has been a |
| The factors responsible for growth is none other | | | | great incentive for prospective buyers to actually |
| than bank loans, such as car loans and home loans. | | | | confront the sellers and convince them for a cheaper |
| Prominent banking entities that deal in virtually all kind | | | | deal and simultaneously financing the deal with home |
| of loan products has confirmed the growth. This | | | | loans. |
| development indicates that vacuum that got created | | | | Although the above-mentioned measures have done |
| after the liquidity crisis, is slowly getting filled up, at | | | | little when it comes to bailing out Indian real estate |
| least this is what this change suggests. | | | | domain from the problem area. But it is believed that |
| Meanwhile, speaking of HDFC bank loan portfolio that | | | | the growth in the home loan portfolio of banking |
| offers both personal loan & home loan by the | | | | fraternity will definitely help them out of it by spurring |
| name of HDFC Personal loan and HDFC Home loan, is | | | | the demand levels back. Interestingly, recently, |
| doing great business, thanks to low real estate phase | | | | speculations were made that real estate has finally |
| and recent festive season. | | | | managed a successful recovery. But all this hullabaloo! |
| As per recent stats, the bank distributed a whooping | | | | were later, allegedly found to be masterminded by |
| Rs. 500 crores of loan in the name of HDFC Personal | | | | real estate developers fraternity. This is the prime |
| loan. As mentioned above, the rise in personal loan | | | | reason why, HDFC Home loan deals have become |
| department of the loan portfolio of the bank can be | | | | the most sought-after loan deal, instantly. |
| credited to festive season. The festive season has | | | | Hence, readers of this write-up need to have one |
| also revived other business sectors too, thanks to of | | | | thing etched clearly in their brains. If they are looking |
| late consistent flow of liquidity from the entire | | | | for a home loan or personal loan deal, HDFC Personal |
| banking fraternity. | | | | loan & HDFC Home loan is the way to go. |
| The other loan product with the name of HDFC | | | | |