House Loans 2

7/25/2019 House Loans 2

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HOME LAONS

BACHELOR OF COMMERCE

BANKING & INSURANCE

SEMESTER V

ACEDEMIC YEAR 2015-16

SUBMITTED

IN PARTIAL FULFILLMENT OF THE

REQUIREMENTS FOR THE AWARD OF DEGREE

OF BACHELOR OF COMMERCE

BANKING & INSURANCE

BY

MST! VIRAL BOHRA

UNDER THE GUIDANCE OF"

PROF KAPIL BUDHDEV

SEAT N#!

$AI HIND COLLEGE

%A ROAD' CHURCHGATE' MUMBAI ( )00 020


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DECLARATION

I' M*! CHARMI A$MERA, *+,./+ # B! C#! BANKING &

INSURANCE S..*+. V 32015-164 ..7 .89:. +:+ I :;.8#/#:+>#/ *,>++. >* +,. & #>?>/:9 +# +. .*+ # 7@/#9.?.!

S>?/:+,.

Ms. ___________

SEAT NO.

JAI HIND COLLEGE

%A ROAD' CHURCHGATE' MUMBAI - )00 020


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CERTIFICATE

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INSURANCE S..*+. V 32015-164 :* *,88.**,997 8#/:+# P>/8>/. E+./:9E:>/.

C#99.?. S.:9


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ACKNOWLEDGEMENT

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INDEX

Sr No. Con!ns

1 TYPES OF LOANS

2 INTRODUCTION TO HOME LOANS CHARECTERISTICS OF HOME LOANS

) TYPES OF HOME LOANS

5 BENEFITS OF HOME LOANS TO BORROWERS

6 STEPS IN PLANNING FOR A HOME LOAN

POINTS TO REMEMBER

FAIR PRATICE CODE TO BE FOLLOWED BY BANKERS

PROCEDURE OF A HOME LOAN

10 DOCUMENTATION

11 INTREST RATES AND THEIR CALCULATION

12 SECURITY FOR HOME LOAN

1 REPAYMENT OPTIONS

1) HOME LOAN WITH INSURANCE COVER

15 RECOMMENDATIONS FOR BANKERS

16 COMPARISON BETWEEN HOM E LOANS

1 SURVEY

1 CONCLUSION

1 R.:*#/* # .=.8+>#/ # 8#/+*

EXECUTI"E SUMMAR#


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hi s o##upation and sour#e of in#ome obtainin" introdu#tion

of the prospe#tie depositor from

a person a##eptable to the an! and obtainin" re#ent photo"raph

of the person/s openin" /operatin" the a##ount. -n addition to

the due dili"en#e re$uirements under &() norms the an!

is re$uired by la' to obtain ermanent ##ount

umber *+ or eneral -nde ,e"ister *-,+ umber

or alternatiely de#laration in orm o. 60 or 61

as spe#ied under the -n#ome Ta #t / ,ule

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#.-f their interests re$uire them to "ie the information *for

eample to preent fraud+ but

the ban!s/ -s shall not use this as a reason for "iin" information

about its #ustomers or their a##ounts *in#ludin" their name

and address+ to anyone else in#ludin" other #ompanies

intheir "roup for mar!etin" purposes.d. -f the #ustomers as!s

the ban!s/ -s to reeal the information or i f the

ban!s/ -s hae the#u stomers permission to proide

su#h information to their "roup/ asso#iate/ entit ies

or #ompanies 'hen the lenders/ nan#ial institutions haetieup arran"ements for proidin"other nan#ial seri#e

produ#ts

$ARAMETERS IN RELATION TO HOME LOANS

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ELIGIBILIT# CRITERIA


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FAIR $RACTICES CODE TO BE FOLLOWED B#

BANKERSWHILE GI"ING HOME LOANS

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ANALYSIS


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78

The surey indi#ates that nearly 95< of the people are

a'are about the :ome loan fa#ilitieso=ered by di=erent

ban!s. ut there are still 5< of people 'ho are not mu#h

edu#ated and areuna'are about the di=erent types of home

loan fa#ility. or this ban!s should also tar"et their lo'er

in#ome "roup 'hile ma!in" the publi#ity of their home loan

produ#ts and their shouldalso be a dire#t sellin" #on#ept of

mar!etin" their produ#t and by this ban!s #an in#rease

their #ustomer base by proidin" loan to this parti#ular se#tion of

people by ma!in" them a'are of it.>e#urity and #omfort in life

is a top priority for eeryone. >o eeryone should be made

a'are of this fa#ility and enable them to ta!e adanta"e of

it for 'hi#h ban!s and nan#ial institutionsshould ta!e #are

of.

?@A? B, :BA@ B>

The surey #ondu#ted by me sho's that 70< of the people

'ant to pursue home loan fa#ility inthe future if re$uired.

This sho's there is an in#rease in the demand for

home loans. The reason behind this #ould be the boom in the

home loan se#tor in -ndia. The real estate boom

has addedne' d im en s io ns to the hou s i n" na n# e se#

to r. Th e n e' # las s o f you n" b uy er s ' ho sea=ordabili

ty are hi"h is spendin" a little more on payin" @$uated

Aonthly -nstallments *@A-s+rather than spendin" hu"e


79/82

79

amounts on the rents thereby o'ns a house. :en#e the

reasons fo, T. ?#+ # +. #. 9#:/* :@.+ :* ../

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8.> + # +:@. 7 +.8#


80/82

80

EFFECTS OF $RO$ERT# RATES HIKE ON HOME LOANS

T . # . 9 # : / * . 8 + # : * . . / : * + > 8 : 9 9 7 : . 8 + . 7 + .

> @ . > / + . < # < . + 7 : + . * !

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A88#>/? +# .


81/82

81

CONCLUSION

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8>/?.+8! B:/@* FI* :;. ../ ,


82/82

82

8.>+ ,:9>+7! I/ : >.8.97 8#+>;. :@.+' +.. :7 .*#.+.#/ +# *9:8@./ +. 9#:/ *8,+>/7 * /.. +# . *.;..978.8@.!

BIBLIOGRA$H#

MAGAINES

P#.**>#/:9 B:/@. 3T. ICFAI U/>;.*>+7 P.** R.9.:*.' $,/. 200 P,9>8:+>#/4

BOOKS FOR REFERENCE

M.8:/+ B:/@. 7 H! R! S,/.=:OTHER SOURCES

I/+.;>. >+ M>**! S,:/?> G:.@: 3A**>*+:/+ M:/:?.4' ICICI

B:/@' A/.>3W.*+4 B :/8 :/ M *! M >+> 9: $: :; 3C> .M:/: ?.4 SBI B :/@' A/ .> 3E:* +4 B:/8

Documents

House Loans 2