As at end-March 2009, the housing loans constituted 44 per cent of the retail loan portfolio of SCBs and 9 per cent of the total loans and advances of SCBs. The growth rate of housing loans, which witnessed very high growth during 2004–05 and 2005–06, has however been witnessing a deceleration since then.
A statistical analysis of the data on GDP, housing loan and educational loan for the period March 2004 to March 2009 suggests that a 1 per cent increase in GDP growth is associated with 3 per cent increase in housing loan and 5 per cent increase in education loan.