A REVIEW OF LITERATURE ON THE DETERMINANTS OF THE DEMAND FOR HOME LOANS

The housing finance sector in India has a come a long way from a highly subdued and regulated sector to a vibrant and competitive sector with several players vying for a larger pie. Increased competition is witnessed in the way home loan products are structured and offered. The literature on housing finance too has matured with more in-depth analysis of borrower behavior and determinants of their demand for home loans. In fact, the vast literature on housing finance encompasses several aspects of the multi-dimensional subject and as such can be segregated under broad classification depending upon the dimensions covered. An attempt has been made to bring together studies related to one of the aspects of the housing finance sector and that is, the studies on the determinants of the demand for home loans by borrowers.