According to most lenders October 2009 was one of the best months in terms of the quantum of loan disbursed.
The acceleration in offtake of loans is primarily driven by secured lending in housing & auto loan sectors and unsecured lending (personal loans) is yet to pick up to its previous volumes.

The increase is attributed to rising salaries in India Inc & the pent up demand for homes & cars- most people had been deferring their heavy purchases till the dark clouds of slowdown had passed.

E.g. HDFC bank disbursed retail loans worth Rs 3000 Cr in Oct 09, whereas their previous best was Rs 2700 Cr in June 2008.

Home Loans, Mortgage Loans, Housing Finance - you might know it by many names- but we all know the value of this financing option in our lives. For many of us, it is the hope to get a roof which we can call our own.

Home loans are one of the most involved loan products because
- they typically have a huge ticket size , which in turn translates into a high EMI.
- the tenure is typically 15-20 years, which means you would repaying this for the better part of your working life
- you would at best take 1.2 Home Loans- if you are a typical loan seeker

All this means that if you are taking such a high amount of debt, do it with all the knowledge- do it after you are convinced that you have the best deal. So allow us, Deal4loans to help you