December 2009 marked the all time low interest rates for the home loan seekers. Most of them are continuing or thinking of continuing the dual rate or floating home loan rates. HDFC is one of the banks who may decide to extend its 8.25% loan offer beyond 31st of January 2010.
The only wait for the extension of the special scheme is if Reserve Bank of India maintains a status quo on home loan interest rates or if it hikes key rates only marginally at its third-quarter review of the monetary policy on January 29.

Economists say that chances are that RBI will hike the cash reserve ratio or CRR by 50 bps (basis points) to manage liquidity. While few other do predict a 25% bps increase in key policy rates such as repo and reverse repo. (repo, is the rate at which banks can borrow funds from RBI).
Last week, Keki Mistry, vice-chairman and CEO of HDFC said that HDFC planned to disburse Rs.3,500-4,000 crore under the 8.25% offer. SBI chairman O P Bhatt, claimed that HDFC bank was now the leader in the home loans with the approvals of over Rs.2,500 crore per month. Sources also said that their housing loan scheme that is applicable till March 2012 has received good response. Their market share is about 40% and their biggest competitor is SBI.

HDFC had launched 8% home loan scheme in February 2009 to pull customers and it brought them success.

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