Home loan market is again soaring high. Credit offtake in this segment has taken a big leap in the last two quarters of the FY'10 as compared to the first two for two big players- SBI and HDFC.

HDFC is expecting a 20% growth in the last quarter of the fiscal just ended while SBI expects 30% rise from the last two quarters each. It is most likely that SBI would be at the top in the home loan segment this fiscal too.

"During the last two quarters, the conversion rate has gone up and higher number of queries are getting converted to deals," Renu Sud Karnad, managing director, HDFC, said.

Although there exists a difference in ticket size of loans for metros and non metro cities but the average ticket size of HDFC Bank is Rs. 16 lakh. The loan size for HDFC with Tier I cities is Rs. 23 lakh and Rs. 12 lakh for Tier II cities.

The ticket size range for SBI is however more varied with around Rs 25 lakh for Mumbai, and around Rs 17 lakh for other metros and in remote interiors it could be Rs 3 lakh.

Loan disbursals for HDFC till December 2009 amounted to Rs 33,527 crore against Rs 27,211 crore during the corresponding period last year, representing a growth of 23%.

The market share of HDFC in home loan segment is 40% while it is about 20% -25% for SBI.