HDFC Personal loan & HDFC Home loan : The two ACES of HDFC Bank

Article by Kamlesh shukla

Against all odds, Indian economy finally, has successfully managed to prove that it possess all the elements which are necessary to be the world's leading economy. One thing that testifies it, is the growth noticed in retail loans segment which is for every one to see. Yes, past few months have been extremely fruitful for major lending entities across the Indian economy. In more precise language, retail loan offtake in the last few months have been positive and is indicative of the fact that growth in coming time will be on the positive side.

The factors responsible for growth is none other than bank loans, such as car loans and home loans. Prominent banking entities that deal in virtually all kind of loan products has confirmed the growth. This development indicates that vacuum that got created after the liquidity crisis, is slowly getting filled up, at least this is what this change suggests.

Meanwhile, speaking of HDFC bank loan portfolio that offers both personal loan & home loan by the name of HDFC Personal loan and HDFC Home loan, is doing great business, thanks to low real estate phase and recent festive season.

As per recent stats, the bank distributed a whooping Rs. 500 crores of loan in the name of HDFC Personal loan. As mentioned above, the rise in personal loan department of the loan portfolio of the bank can be credited to festive season. The festive season has also revived other business sectors too, thanks to of late consistent flow of liquidity from the entire banking fraternity.

The other loan product with the name of HDFC Home loan, from the same bank has been going great guns, which is chiefly because of futile period that real estate segment of the country has been seeing from past six months or so. In fact, the positive real estate loan-connected loan offtake has been quite remarkable as already a lot has been done in this direction via both public and private sector banks by slashing down or freezing the rate of interest on their home loan products. Prices of both, commercial and residential, properties have hit rock-bottom in last quarter or so, which has been a great incentive for prospective buyers to actually confront the sellers and convince them for a cheaper deal and simultaneously financing the deal with home loans.

Although the above-mentioned measures have done little when it comes to bailing out Indian real estate domain from the problem area. But it is believed that the growth in the home loan portfolio of banking fraternity will definitely help them out of it by spurring the demand levels back. Interestingly, recently, speculations were made that real estate has finally managed a successful recovery. But all this hullabaloo! were later, allegedly found to be masterminded by real estate developers fraternity. This is the prime reason why, HDFC Home loan deals have become the most sought-after loan deal, instantly.

Hence, readers of this write-up need to have one thing etched clearly in their brains. If they are looking for a home loan or personal loan deal, HDFC Personal loan & HDFC Home loan is the way to go.

About the Author

The author is a business writer for finance and credit products. Know more on HDFC Personal loan, HDFC Home loan at paisawaisa.com/

Sashi Jagdishan, CFO of HDFC Bank addresses the media after the Q2 Results. To know more log onto www.hdfcbank.com
Video Rating: 0 / 5

Tags: low real estate phase, indian economy, loan home loan, real estate, hdfc bank