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ACKNOWLEDGEMENT Perfect is a famous saying and when a person gets practicalexperience under the guidance of experts of the respective field, theknowledge gained is priceless.With a sense of great pleasure and satisfaction, I present this projectreport entitled COMPARISON OF HOME LOAN OFFERED BYDIFFERENT BANKS IN NCR completing a task successfully isnever a one-man effort. Similarly completion of this report is a result of invaluable support and contribution of number of people in direct andindirect manner.In the light of the foregoing, first of all my heartfelt gratefulness andthanks goes to Mr. VIRENDRA as a team manager of ICICI HOMEFINANCE sec18, Noida for giving me the opportunity to work for hishighly esteemed organization and for being a constant source of inspiration and guidance throughout the Project. Without his ablesupport the project would not have seen the light of the day.At this juncture, I would also like to thanks Mr.YOGESH BHATIYA(MANAGER OF ICICI HOME FINANCE) NOIDA, without hisindispensable cooperation the project wont have been completedwithin the stipulated timeframe.Finally, I would like to thank all the people, without whose insights andopinions, this project would have been impossible.

CONTENTS 1.Introduction2.Objective3.Company Profile4.Industry Scenario5.Analysis of Different Banks ICICI HDFC IDBI6.Comparison of Homesaver with Normal Home Loans7.Comparative analysis of Home Loan and Home Saver 8.Research Methodology9.Data Analysis10.SWOT Analysis11.Conclusion12.Recommendation13.Bibliography

OBJECTIVE OF THE STUDY The objective of this research is to analyse the home loans with a viewto arrive at the most popular loan schemes offered by the banks inNational Capital Region under study and to conclude from the analysisthe best possible schemes which would keep the bank ahead of competition.The purpose of the study is to find the critical factors that areessential for any housing loan to become the most favored scheme inthe Indian scenario. The reasons being the features that the scheme provides are not being provided by many of the housing financecompanies.

INTRODUCTION A roof over one's head and ground beneath one's feet count as the bare necessities of life. Theres nothing quite like owning a home,however humble, to give one that warm and glowing feeling. Butwhen one buys a home, one has much more than a feelgood purchase in mind: its also a crucial investment decision, perhapsthe biggest spending decision of one's life. There are ampleopportunities today for young salaried investors to plan their moves early and buy a house at the right time and at the right price. In the process, not only do they fulfill that cherished dreamof owning a house, but also put themselves on the path toacquiring property that would meet the needs and aspirations of their growing family, even as it leads to wealth creation. Everyindividual aspires to own a home. But many either spend alifetime saving to purchase a house or exhaust money on monthlyhouse rents. Take a house loan and let the monthly rent (easily converted into affordable EMIs) build dream home .Profitable Proposition The overall demand in the residential sector has grown by about7-8 per cent in the past few months as compared to the same period last year. The growth is on account of two main factors: One , income-tax exemption; Two , with no similar rebates available for individuals in thehigh-income group, they are creating a second asset.

Add to this the stable property prices over the last year and plunging interest rates, planning for dream home could not have been better timed. Rock-bottom interest rates, standardization of the periodicity of interest calculation across lenders (which makesit easier to compare loans), lower interest charges, waiver of loan application processing fees and, acustomer-friendly attitude is reason enough to celebrate theascension of the home loan consumer as the king.In response, private players like ICICI Bank , IDBI Bank , Standard Chartered Bank and a few others too lowered their rates. Market leader HDFC also brought down its interest rates to8.0%, very recently, to participate in the interest rate war. If one isstill not satisfied with the lowered loan rates, theres more. Someindustry watchers believe the floating home loan rate will slip to 8 per cent for long-term loans in another two to three years.Most banks have changed the way interest is calculated fromannual rests to monthly rests. Under the annual rests method, theEMIs (equated monthly installments) one pays through a year arefactored in as part-repayment of the principal component only atthe end of each year. In other words, one has to pay interest evenon the installments one has paid until theyre reduced from the principal at the end of each year. Under monthly rests, the principal is lowered by the appropriate amount each month. Thethumb rule being that the more frequently interest is calculated,the better for the creditor. Recently, HDFC added monthly restson its fixedinterest loans apart from annual rests. As a result, the

fall in EMIs on fixed-interest loans (where the interest rate isconstant for the entire tenure of the loan, irrespective of changesin the lending rates) is more pronounced than on floating-rateloans (where the loan interest rate varies with changes in theinterest rates). For example, the EMI on a 15-year, fixed-interestloan for Rs 15 lakhs has come down by Rs 840; the correspondingfall in the EMI on a floating-rate loan is only Rs 465. Apart fromlowering the cost of one's loan, the switchover to monthly restshas another advantage: it makes it easier to compare loans.

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