HDFC Bank Ltd.

SPCJ Inst. Of Commerce & Business Economics.
Dr. NEERAJ GUPTA Krishna Jaiswal

(MBA-Summer training)
SPCJ Inst. Of Commerce & Business
Economics.AGRA
HDFC Home Loans

Mr Deepak Parekh, Chairman, HDFC, and Mr K. M. Mistry, Managing Director
HDFC Home Loans

HDFC Home Loans

Act as you, speak as you feel, do not play false to your own cousines.
That is the dharmik way of life. It indeed gives me a great pleasure in
acknowledging from the very core of my heart, the efforts of all those who
bestowed upon me their love, affection and good wishes while undergoing in
my project.
I owe my special gratitude to Mr. Vivek Dwivedi (Resident
manager) who gave me his precious time to me and suggested me how to
proceed in the project.
Then I would like to owe the deep gratitude to my group leader
Mr. Naveen Sharma (Operation officer) who’s valuable guidance and
motivational task which electrifies me time to time for proceeding my
survey work and completion of my project.
I would like to also thank the other members of HDFC Home Loan
for their valuable suggestion and time to time guidance in completion of my
project.
I am indebted to my parents and my faculty members of my college :
Director-Dr. Brijesh Ravat & Coordinator- Dr. Neeraj Gupta , SPCJ Inst.
Of Commerce & Business Economics, AGRA for their blessings, cooperation and
encouragement. My gratitude towards them is beyond accountabilities.

At last but not least, I feel indebted to our almighty god who blessed
and enable me to complete the work. I pray to him for greater success on my
path.
HDFC Home Loans

The present era is undoubtedly a management era. Management is an

important function in any organization. A management is one of the most
important fields which are widely used in every stage of life. The effective
management can be achieved only by effective management training and
developing skill to understand the organizational level this project work is a
part of the course of MBA and was done at HDFC Home Loans.
This project is prepared on the basis of awareness of HDFC Home
Loans in market and understanding the requirement of proper guidance to
customers.
HDFC offers loans for homes-for buying or constructing your home,
refinance a home loan availed from other institutions or even to extend or
improve your existing home. This project helps me to better understanding
of market and financial products and their benefits.
Now I am feeling the great pleasure in delivering this project because
of a better skill of handling the situation and customer understanding.
HDFC Home Loans

CONTENTS
*Acknowledgements
*Preface
*Introduction
*Features and Benefit
*Home Loan Rates
*HDFC Fund arrangement
*ICICI Home Loans
*SBI Home Loans
*PNB Home Loans
*CANARA Bank Home Loans
*AXIS Bank Home Loans
*IDBI Bank Home Loans
HDFC Home Loans

*LIC Home Loans
*HSBC Home Loans
*Recent Experiences in the housing finance :a
reference to India
*Indian housing finance system
*Evolution & Role of National Housing Bank
*FM assures financial support to Central
Banking
*Analysis
*Bibliography
HDFC Home Loans

INTRODUCTION
Company History
1977
- On October 17th HDFC was incorporated as a Public Limited Company.

HDFC was promoted by the Industrial Credit and Investment Corporation
of India. The company got the certificated of commencement of Business
on 3rd December. HDFC provides housing finance in India. The
corporation provides long term housing loans mainly to low and middle
income individuals and corporate bodies. It has also provided a modest
amount of construction finance to housing developers.
1979
- On November HDFC introduced HDFC Certificate of Deposit Scheme.
- 5,00,126 shares taken up by subscribers to Memorandum of

Association.50,000 shares reserved for International Finance Corporation,
Washington and 50,000 shares issued to His Royal Highness The Aga Khan
and/or Foundation Aga Khan Switzerland. 3,99,874 shares allotted at par to
the public in May-June 1978.
1980
- During the year company introduced Loan Linked Deposit scheme,

which encourages small savers to begin a pass book account with HDFC for
a
minimum of Rs.200 and deposit, as and when funds are available in
multiples of Rs. 100. After a period of 3 years, the depositor may withdraw
his accumulated deposit which has earned 9% per annum or renew it with
HDFC. In either the event, the depositor become eligible for a loan up to 4
times his accumulated savings, subject to normal lending policy of Co.
1981
- During the year, HDFC negotiated for loan under Housing Guarantee
Programme under US aid. During the same year company launched another
programme named Non-Resident Certificate Deposit Scheme.
HDFC Home Loans

1983
- During the year, the corporation issued bonds of face value of Rs.
5000 each for a total amount of Rs.10 crores.
1984
- During the year a second issue of bonds of Rs. 5,000 each for
Rs.10 crores was floated by way of public issue of bonds in March 1986.
1985
- During the year on May company launched Home Saving Plan. Under
This facility, an individual can borrow for his housing needs at 8.5% per
annum provided he completes certain saving requirements before hand.
During the year company also introduced HDFC- Cumulative Interest
Scheme.
- A new agreement was entered into with USAID under which a further
sum of U.S. $25 million was borrowed from the U.S. capital market in
1986-87.
1986
- During the period corporation issued, IV & Vth series of bonds for
Rs.10 crores and Rs. 5 crores respectively. During the same
yearcorporation started offering a new service called Advanced Processing
Facility (APF) under which property developers who are undertaking a
residential project can finance individuals buying a dwelling unit in their
project.
- 5,00,000 Rights equity shares issued at par in prop. 1:2.

Subsequently, another 5,00,000 No. of equity shares were offered a par for
public subscription.
1987
HDFC Home Loans

- During the year HDFC issued its New Corporate Bonds - Series I for Rs.
20 crores. Also VI, VII and VIII series bonds for an aggregate amount of
Rs. 20 crores were issued during the year.
1988
- During the year National Housing Bank was set up as an apex body to
ensure orderly growth and functioning of housing finance system in
India.
- Two new facilities viz., the Telescopic Loan Plan and Short Term
Bridging Loan were introduced mainly for younger borrowers.
- HDFC entered into an arrangement with the Bank of India whereby HDFC
was to receive fixed rate counterpart rupee funds in lieu of the USdollars
deposited with Bank of India in New York.
- The Home Loans Account scheme was to be launched in co-operation

with scheduled banks with effect from July 1, 1989.
- The Centre for Housing Finance unit proposed to design specific

programme contents to suit different purposes and institutions.
1989
- During the year Krditanstalt Fur Wiederauflau of Germany, sactioned

A line of credit of DM 25 million to fund loans disbursed by HDFC for low
cost housing project directed to economically weaker section households.
- Two new types of loans namely, Home Improvement Loans (HIL) and
Home Extension Loans (HEL) was launched.
1990
- During November, the company issued 13,77,500 equity shares of

Rs.100 each at a premium of Rs.85 per share to the public. And also 72,500
shares were reserved for employees of the company. Simultaneously, the
corporation offered 10,00,000 equity shares of Rs. 100 each at a premium of
Rs. 75 per share to the then existing shareholders in proportion 1:2. The
HDFC Home Loans

Company allotted 25,00,000 No. of equity shares (both rights and public
offer).
- The Company negotiated a borrowing of US 100 million from IFC,

Washington, in two parts - Part À', a loan of US $40 million from IFC
(W) directly and Part `B', a loan of US $60 million to be syndicated by IFC
(W).
- To commemorate the beginning of the second decade the HDFC, it was

proposed to establish a shelter assistance fund to encourage and support
activities related to shelter problems, in general and to the needs of the
poorer and economically weak sections in particular.
- Forfeiture on 970 No. of equity shares annulled. Issued 14,50,000 No. of

equity shares (prem. Rs. 85 per share) to the public and 10,50,000 shares
(prem. Rs 75 per share) as rights in December.
1992
- 23,62,500 No. of equity shares allotted on conversion of `B' part of FCD.
1993
- During the year, the Corporation launched a new deposit product Easy
Way Savings, a unique product providing households with flexible maturity
choice as well as saving profile.
- During the year, the Corporation signed a MOU with General

Electric Corporation of USA, to promote a new joint venture for
understanding the business of Consumer finance. HDFC and General
Electric Corporation, have an equity stake of Rs. 15 crores each.
1994
- The Corporation promoted the educational loan facility to provide

financial support to students pursuing higher education.
- As a joint venture in the GE capital (USA) HDFC promoted a consumer

finance company in March for provision of range of financial product.
HDFC Home Loans

- 9,00,000 No. of equity shares of Rs 100 each allotted to ICICI and UTI on
private placement basis.
- 17,86,400 No. of Equity shares of Rs 10 each issued on private placement

basis. Also 50,00,000 Pref. shares were issued to domestic companies.
1995
- During the year, the Corporation undertook to set up its first Overseas
branch office in Dubai.
- The Corporation was one the promoters of ILFSL along with Central Bank
of India and Unit Trust of India.
- The Corporation jointly promoted with State Bank of India (SBI) a

New housing finance Company under the name of Housing Finance &
Promotion Corporation, Ltd. which operate in the eastern and north-eastern
regions with its headquarters at Calcutta.
- A MOU was signed with Bank Papera Sejhtera, Indonesia on the broad
parameters of technical assistance to be provided over a 6 months period.
- During the year, the Singapore based property management company

Colliers Jardine Holdings Ltd., has entered into a joint venture with HDFC
and Infrastructural Leasing and Financial Services Ltd., to introduce
consultancy services in real estate. The joint venture will be named Colliers
Jardine (India ) Ltd. HDFC and IL&FS will contribute 15% each in the joint
venture and the balance 70 per cent will be held by Colliers Jardine
Holdings Ltd., or its nominees.
- During the year HDFC, has firmed up its plans to enter the insurance
industry. The company signed a joint venture agreement with the Standard
Life Assurance Co. of UK, to establish an insurance company in the country
as soon as insurance industry is opened up for private investment. The joint
venture agreement was signed on 11 October.
- During the year company issued 50,00,000 - 12.5% Cumulative

Redeemable Convertible Preference Shares of Rs.100 each.
1996
HDFC Home Loans

- During the year corporation introduced Flexi-Rate Individual Housing

Loan.
- During March, HDFC launched India'a first captive auto finance company
named Maruti Countrywide Auto Financial Services Ltd., with the objective
of exclusively financing Maruti Vehicles in India. This is joint venture
between DFC, Maruthi Udyog & GE Capital India.
- HDFC Developers, Ltd. and HDFC Investments Ltd. are the wholly
owned subsidiaries of the Company.
1997
- 50,00,000 Cumulative Redeemable Non-convertible pref. shares redeemed

during the year.
- Government of Rajasthan, Infrastructure Leasing and Finance Services

and Housing Development Finance Corporation have signed a memorandum
of understanding in Mumbai to set up Project Development Corporation.
- The Housing Development Finance Corporation (HDFC), India's premier

housing finance institution, has stepped up its programme to mobilize
deposits in Goa, by setting up an organised network of agents as part of its
efforts to offer safe and attractive deposit options.
- Countrywide Consumer Financial Services (CCFS), a joint venture

between Housing Development Finance Corporation (HDFC) and GE
Capital Services, USA, proposes to raise Rs.20 crore through issue of non-
convertible debentures on private placement basis.
- Housing Development Finance Corporation Ltd. (HDFC) has approached

the Life Insurance Corporation (LIC) for a tri-partite venture along with
Standard Life of Scotland, to tap the market for pension funds.
- The Housing Development Finance Corporation (HDFC) has tied up with

the Rajasthan government to set up a new company.
HDFC Home Loans

- Housing Development Finance Corporation (HDFC) has received LAAA,

MAAA and A1+ ratings for its bonds, fixed deposits (FDs) and short-term
debt instruments respectively from ICRA.
- With a 56-per cent share, the Housing Development Finance Corporation

(HDFC) is the market leader in housing finance.
- International Finance Corporation (IFC) is teaming up with Housing and

Development Finance Corporation (HDFC) to create a non-banking finance
company which will provide long-term housing mortgages to the middle
income market in Bangladesh.
- While IFC and HDFC will be founding shareholders in the joint venture,
they will also be joined by the Bangladesh Rural Advancement Committee
and the Delta Insurance Group, an insurance company, according to the 1997
annual report of IFC which was released on September 22.
- The first private sector housing finance company has been established in
Bangladesh with the World Bank signing a deal on behalf of
InternationalFinance Corporation (IFC) to become an equity partner along it
housing Development Finance Corporation (HDFC) in the recently
established Delta Brac Housing Finance Company (DBH) of Bangladesh.
- The Housing Development Finance Corporation Ltd. (HDFC) has

introduced a novel loan facility, betterment fee loans to site owners in
revenue layouts within the jurisdiction of Bangalore Mahanagara Palike.
1998
- The Housing Development and Finance Corporation (HDFC) is in talks

with an Asian offshore institutional investor for setting up a joint venture
company in anticipation of the government opening up the real estate sector
for foreign direct investment (FDI).
- The Housing Development Corporation (HDFC), one of India's leading

housing finance companies, floated its maiden debenture issue through the
private placement route on 14th July.
1999
HDFC Home Loans

- HDFC will enter into a memorandum of understanding for strategic

business collaboration with Chase Manhattan bank.
- Housing Development Finance Corporation (HDFC) and Chase

Manhattan have entered into an agreement where, in the event of the two
funds
-India Private Equity Fund and Indocean Financial Holding Ltd.
2000
- The Company and State Bank of India would be entering into a MOU to
set up a Credit Information Bureau jointly in technical and financial
collaboration with Dun & Bradstreet Information Services India Pvt. Ltd.
and Trans Union International Inc. the leading providers of Business and
Credit Information services.
- The Company has informed that, SLAC have acquired an aggregate of10
lac equity shares from the secondary market.
- The Company has acquired an equity holding of 12.5 per cent in

IndiaConstruction.com, a B2B construction portal promoted by the Pune-
based Construction Portal Pvt. Ltd.
- HDFC's tie-up with the Palmyrah Workers' Development Society (PWDS),

a Tamil Nadu-based NGO has resulted in the formation of the Indian
Association of savings and Credit (IASC), an RBI-recognised NBFC.
- The Cellular Service provider Orange has tied up with Housing

Development Finance Corporation to offer mobile Internet banking to its
customers.
- Geojit Securities, has struck an alliance with HDFC Bank for providing a
payment gateway to internet trading clients.
- The Company has opened an office in Kozhikode which is its third office
in Kerala.
HDFC Home Loans

- The Company has introduced a home equity loan with a facility to

mortgage property to secure loan for children's education, medical expenses
and other miscellaneous investments.
- The Company has acquired the entire shareholding of Hometrust

Housing Finance Company, a 100 per cent subsidiary of Gujarat Ambuja
Cements and has also acquired 26 per cent additional stake in Gruh Finance
which was held by GACL.
- The Company has acquired the housing finance business of Gujarat

Ambuja Cement Ltd for a total consideration of Rs. 60 crores.
- The Housing Development Finance Corporation and Tata Consultancy

Services signed a memorandum of understanding to set up a 50:50 joint
venture to offer IT-enabled services overseas.
- Crisil has reaffirmed the AAA rating assigned to the company's Rs 1,195-
crore bond programme. It has also reaffirmed the FAA rating given to the
corporation's fixed deposit programme and the P1+ rating assigned to the
short-term debt plan.
- The Company proposes to capitalise on the huge real estate requirement of

MNCs as the latter propose to set up retail chains across the country.
- HDFC has acquired two crore shares in Lafarge India representing face
value of Rs. 20 crore.
- HDFC asset management company is to formally launch its mutual fund

schemes from 20th July.
- A clutch of financial service firms led by HDFC have joined together and
acquired one of the oldest cards on the BSE.
- Housing Development Finance Corporation and the State Bank of India

are setting up an equal joint venture for credit rating of individuals.
- ICICI Ltd and HDFC have hiked their housing loan rates by 50 basis
points.
- Amalgamation of Hometrust Housing Finance Company Ltd.
HDFC Home Loans

- The Credit Rating Information Services of India Ltd has assigned an

ÀAA' rating to the Rs 1,500-crore bond programme of the company.
- VSNL and HDFC have jointly launched online renewal facility for
Internet subscription in Mumbai, New Delhi, Calcutta, Chennai, Pune and
Bangalore.
- ICRA has assigned `LAA' rating to Hudco Rs 1 billion tax-free and Rs 5

billion taxable bonds programme.
- Housing loan finance company HDFC Limited targeting the NRIs,

launched a portal `HDFC Reality.com' to provide information on real estae
properties in and around Bangalore city.
- The Insurance Regulatory and Development Authority has granted

registration to HDFC Standard Life Insurance, as the first private sector life
insrnace company in India.
- Mr. Keki Mistry will be the new Managing Director of Housing

Development Finance Corpsoration.
- The Housing Development Finance Corporation has launched a retail

finance scheme, Step Up Repayment Facility, which provides for a higher
loan amount.
2001
- The UB group has tied up with Housing Development Finance

Corporation (HDFC) and Infrastructure Leasing and Finance Services (IL &
FS) to raise Rs.60 crore to part fund the acquisition of Associated Breweries
& Distillers (ABD).
- HDFC has tied up with the Alireza group of Saudi Arabia and the
Jeddah-based Technobuild to provide advisory services to NRIs.
- HDFC has decided to acquire the entire equity holding of its subsidiary
HDFC Holdings in HDFC BAnk.
HDFC Home Loans

- HDFC has acquired 133,10,000 equity shares in HDFC Bank from HDFC
Holdings, a 100 per cent subsidiary of HDFC, through internal transfer.
- The Housing Development Finance Corporation has launched its $100-

million five-year syndicated loan with roadshows beginning in Singapore.
2002
- HDFC Board approves proposal to set up JV with Chubb Global for foray
into General Insurance business.
- Housing Development Finance Corporation Ltd has on March 20, 2002

allotted 711178 equity shares of Rs 10 each under the Employees Stock
Option Scheme (ESOS).
-Housing Development Finance Corporation Ltd has informed BSE that the
Corporation has purchased 18,00,582 equity shares of Rs 10/- each of
GRUH Finance Ltd, representing 6.79% of its paid up equity capital. After
the said purchase, the holding of the Corporation in GRUH Finance Ltd
aggregates to 1,62,40,604 equity shares of Rs 10/- each, representing
61.29% of its paid up capital.
-Housing Development Corporation Ltd has on August 7, 2002 allotted
51378 equity shares of Rs 10 each under the Employees Stock Option
Scheme.
-RVS Rao reappointed as Executive Director of Housing Development

Finance Corporation.
2003
-Housing Development Finance Corporation (HDFC) has asked chairman

Deepak Parekh to continue for three more years with effect from March 03.
The service of Renu S Karnad, executive director, has also been extended for
another five years with effect from March 2003. Besides, the corporation is
revising upwards the remuneration package of its top management,
including Mr Parekh, managing director KM Mistry and two executive
directors Ms Karnad and Mr RVS Rao. The package will be in the range of
Rs 80,000 to Rs 4,00,000 per month. At present, Mr Parekh and Mr Mistry
receive a salary of Rs 2,00,000 and Rs 1, 75,000 per month, respectively. Mr
Rao and Ms Karnad get Rs 1,50,000 per month.
HDFC Home Loans

-HDFC divests its entire stake in Spectramind to Wipro
-Fox-Pitt, Kelton's (FPK) survey on the Asia's Best Managed Banks

identifies Housing Development Finance Corporation (HDFC) as the second
best managed financial institution in India and among best in the region
-HDFC Asset Management Company (AMC) acquires Zurich Asset

Management Company India
-Standard Life Assurance Company hikes stake in HDFC to 14.06 %
-HDFC Realty becomes Wholly owned Subsidiary of HDFC
-HDFC Board approves Arrangement between the Corporation & HDFC

Bank wherein HDFC Bank will source housing loans for the Corporation
-Allotts Secured Non Convertible Debentures (NCD's) of Rs 1 million each,

aggregating to Rs 2500 million on a private placement basis
-Divests shares of HDFC AMC to Standard Life Investment Ltd.

Consequent to the said sale, the Corporation would hold 50.10% of the total
paid up capital of the HDFC AMC and the balance 49.90% would be held by
Standard Life Investments Ltd.
-Inks loan agreement for $200 million with International Finance

Corporation (IFC), the private lending arm of the World Bank
-Cuts home loan rates for fixed-rate loans by about 25 basis points across
maturities
-Alpine International Ltd., a sub-account of Warburg Pincus LLC, divests

HDFC's 42,50,582 shares reducing its holding to 4.48%
-Share price hits a life time high of Rs 455
-Mr M Narasimham resigns as a Director of the Corporation wef August 20,

2003
HDFC Home Loans

-Allotts 3833 Secured Redeemable Non Convertible Debenture (NCDs) of

Rs 1 million each aggregating to Rs 3833 million on a private placement
basis.
-Unveils its 4th branch in Bangalore at Basaveshwaranagar
-Forges alliance with Tally to unveil EDI for Small & Medium Enterprises
(SMEs)
-Allotted 2833 Secured Redeemable Non Convertible Debenture (NCDs) of

Rs 1 million each aggregating to Rs 2833 million on a private placement
basis
--Tied up with ICICI Bank and SBI for sharing ATM networks
-HDFC unveils innovative housing product
2004
-Becomes the first private corporate to raise Rs 1,000 crore debt in a single
tranche and in a single option
- The Company has received disclosures from Mr. D S Parekh – Chariman

and Mr Susir Kumar - Company Secretary of their acquisitions. The details
are as follows : i) Mr. D S Parekh has on March 02, 2004 acquired 25,000
shares. The mode of acquisition is allotment pursuant to exercise of options
vested under ESOS and his shareholding after the said acquisition is
3,00,500 shares amounting to 0.1223% of the voting rights of the company;
ii) Mr. Susir Kumar M has on March 02, 2004 acquired 6,800 shares. The
mode of acquisition is allotment pursuant to exercise of options vested under
ESOS and his shareholding after the said acquisition is 6,800 shares
amounting to 0.0028% of the voting rights of the company.
-HDFC inaugurated its 16th office in Tamil Nadu and 6th office in Chennai
at the southern suburb of Velachery
-Capital Research acquires 1.38 pc additional stake in HDFC
2005
-HDFC, Elcot sign pact to promote infotech in TN
HDFC Home Loans

-Forbes Group ties up with HDFC to set up media firm
-Hudco ties up with Pragati Social Infrastructure & Development Ltd to

float new JV
-HDFC JV unveils Yellow Pages in Ahemedabad
-HDFC and WL Ross team up to invest in Indian corporate turnarounds
2006
-Housing Development Finance Corporation (HDFC) may join hands with
Apollo Hospitals to set up two-three super-specialty hospitals in Mumbai.
HDFC joins hand with Postal dept on October 10, 2006.
Features & Benefits

Home Loan - Home loans for individuals to purchase (fresh / resale) or
construct houses. Application can be made individually or jointly. HDFC
finances up to 85% maximum of the cost of the property (Agreement
value + Stamp duty + Registration charges).
Home Improvement Loan - HIL facilitates internal and external repairs and
other structural improvements like painting, waterproofing, plumbing and
electric works, tiling and flooring, grills and aluminium windows. HDFC
finances up to 85% of the cost of renovation (100% for existing
customers).
Home Extension Loan - HEL facilitates the extension of an existing
dwelling unit. All the terms are the same as applicable to Home Loan.
Land Purchase Loan - Be it land for a dream house, or just an investment
for the future, HDFC Land Purchase Loan is a convenient loan facility to
purchase land. HDFC finances up to 85% of the cost of the land (Conditions
Apply). Repayment of the loan can be done over a maximum period of 15
years.
Choose from Fixed Rate or Floating Rate with options to structure your
loan as Partly Fixed or Partly Floating.
Flexible repayment options to suit your individual needs.
Loan cover Term Assurance Plan - HDFC Standard Life Insurance
Company Ltd. offers an insurance plan*, which is designed to ensure that
life's uncertainties do not affect your family's interests and your precious
home. LCTAP provides a lump-sum payment on the unfortunate demise of
the life assured.
HDFC Home Loans

This pure risk plan is designed in a way that the cover decreases as you
repay your home loan making it a low cost premium insurance plan.
*Insurance is the subject matter of solicitation.
Automated Repayment of Home loan EMI - You can give us standing

instructions to repay your Home Loan EMIs directly from your HDFC Bank
Savings Account, thus, saving you the trouble of procuring, signing and
tracking post-dated cheques.
HDFC also offers In-house scrutiny of Property documents for your
complete peace of mind.
Customer privileges - If you are an existing HDFC Home Loan customer,
you can avail of other loans (such as Personal Loans, Car Loans, Two-
wheeler Loans and Loan against securities) at lower interest rates.
Different Home Loan Banks

Loans provided by different Banks and Housing Finance Companies
in India
Bank of India - Home Loans

STAR HOME LOANS
Provides loans to purchase a Plot for construction of a House, to
purchase/construct house/flat, as well as for
renovation/repair/alteration/addition to house/flat, furnishing of house,
Takeover of customer's housing loan extended by other Banks/F.Is /NBFCs
at highly flexible and liberal terms and conditions
Citibank Standard Home Loan
What is the eligibility for salaried individuals?
Gross annual income of Rs 1,00,000 or above.
23 years of age and above maximum age of 58 years or retirement age,

whichever is higher at the time of loan maturity.
Dena Niwas Housing Finance Scheme

You can avail of Dena Niwas Home Loan to purchase a plot, construct a
house, buy a ready built house or buy one under construction. The loan even
helps you build an extension to your existing house or purchase a house that
HDFC Home Loans

is up to 25 years old. Besides you can take this loan for repairs and
upgradation, which includes the cost of fixtures, POP works, retiling, fittings
etc
HSBC Home Loans

HSBC Home Loans make it easier for you to move in as soon as possible
without putting a strain on your wallet.
Features & Benefits
Your dream home, a reality
Loan Requirement: We offer you loans ranging from Rs. 5 lakhs upto Rs. 3
crore.
PNB Housing Loan
PNB reaches out to you with fast, friendly and most convenient home loans
for: Construction or purchase of house/ flat.
Purchase of house/ flat on First Power of Attorney basis from the original
allottee. Carrying out repairs/ renovations/ additions/ alterations to existing
house/ flat.
SBI Housing Loan

SBI Housing loan schemes are designed to make it simple for you to make a
choice at least as far as financing goes! 'SBI-Home Loans'
Standard Chartered India Home Loans

While you decide upon a house that suits your family, let us help you with a
home loan that suits your pocket. With not just a low rate of interest, but also
an unmatched level of service
HDFC Home Loans

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10.5 - 11 14 NA N.A 13.5 -3 - 2.5
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Bank of Baroda 10.5 NA NA N.A 13.25 2.75
9.75 -
Bank of India NA NA N.A 13.25 3 - 3.5
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Bank of Mahara 10.25 -
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Bank of Rajast
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Cathol
NA 11.5 NA N.A 14.5 N.A
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Centra 10.5 -
NA NA N.A 13 N.A
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Centur
12 - 12.5 14 NA N.A 15 -3 - 2.5
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Dena Bank 10.75 NA NA N.A 13.5 2.75
Federa 10 -
NA NA N.A 13.75 3.5 - 3.75
l Bank 10.25
HDFC 11 14 NA N.A 14.25 3.25
ICICI Bank 11.25 14.75 NA N.A 15.5 4.25
IDBI Bank 10.5 NA NA N.A 13.75 3.25
IDBI Home Financ
10.5 NA NA N.A N.A N.A
e
Indian Bank 10.5 NA NA N.A 13.25 2.75
Indian Overse
10.5 - 11 NA NA N.A N.A N.A
as Bank
Karnat
NA 11.25 - 12.25 NA N.A N.A N.A
aka Bank
LIC Housin
g Financ 10.5 - 11 NA NA N.A 13.75 -3.25 - 2.75
e
Orient
al Bank of Commer 10 - 11 NA 10.75 - 11.75 36 13.25 -3.25 - 2.25
ce
Punjab Nation
10 NA 11.75 N.A 13 N.A
al Bank
Punjab Nation
al Housin
10.75 NA 12.5 36 12.5 1.75
g Financ
e Ltd
SBI Bank 11 NA NA N.A 12.75 1.75
HDFC Home Loans

10.5 -
State Bank of Mysore NA NA N.A 13.25 -2.5 - 2.75
10.75
10.5 -
UCO Bank 11 - 11.75 NA N.A 13.5 3 - 2.75
10.75
Union Bank of India 10 NA NA N.A 13.25 3.25
Vijaya Bank 10.75 NA NA N.A 13.25 2.5
Model
Indian NRI
STD Phone No Ext
Date of Birth
HDFC Home Loans

HDFC-Fund arrangement
<u>HDFC India Real Estate Fund</u><br>A host of benefits
HDFC's real estate fund typically scouts for large projects and promises
several advantages to domestic investors, says Apurva Agarwal
India's premier housing finance company, the Housing Development

Finance Corporation Ltd, has forayed into the real estate fund business with
the launch of 'HDFC Property Fund' in association with the State Bank of
India. A trustee company (HDFC Ventures Trustee Company Ltd) and an
asset management company (HDFC Venture Capital Ltd) have been
incorporated for the fund. This venture capital fund approved by SEBI
would invest in equity and equity linked instruments of companies engaged
HDFC Home Loans

primarily in real estate in major cities in India.

The fund's initial scheme, called HDFC India Real Estate Fund (HI-REF) is
for domestic investors and has a target corpus of Rs 750 crore with a green
shoe option of Rs 250 crore. This would be a seven-year close-ended fund
which would be privately placed. The scheme would have a minimum
contribution of Rs 5 crore per investor and would target banks, insurance
companies, corporates and high net worth individuals.
To achieve a balanced risk-reward profile, the inaugural scheme, HI-REF
will invest in three broad classes of companies: a) Projects which are
complete - this would comprise real estate assets which are in use with
established, high-quality tenants. Such asset class would typically denote
steady income type characteristics. b) Projects in development stage - where
the lead-time to commercial deployment is typically between one-three
years, and the completed projects subsequently would have contractual off-
take arrangements in place. c) Projects in the planning stage - where the
lead-time to commercial deployment would be three-six years. These
projects would offer the highest amount of return, although with a greater
risk.
What's in it for investors?

An REMF will provide a host of benefits to investors:
Liquidity: When an investor invests directly in an individual property,
buying and selling proves a complex, time-consuming process. By contrast,
an investment in an REMF will be more readily converted into cash as these
units will be traded on the stock exchange.
Affordability: Real estate has traditionally been a sound investment option
but remains limited to only a few as the amount of money required for
investing in real estate directly is very high. REMFs will allow common
investors to reap benefits of investment in real estate without putting in
significant amounts.
Tax advantages: In the US, REITs (real estate investment trusts) pay no
federal corporate income tax and are legally required to distribute 90 per
cent of their income as dividends, thus eliminating double taxation of
income. If a similar tax structure is implemented in India, it will prove a
win-win situation for both investors and the real estate industry.
Professional management: Real estate investment in India is fraught with
risks related to documentation, title of property, legal aspects and so on
which would be mitigated in this scenario.
REMFs would also provide new investment avenues to pension funds,
endowment funds, insurance companies, thereby bringing the institutional
HDFC Home Loans

investor into the ambit of the real estate market. This will further boost
professionalism in the real estate sector.
How will these property funds work? Property funds typically scout for large
projects, either residential or commercial. "These need not necessarily be in
metros. We are prepared to invest even in smaller towns," explains a
spokesperson for HDFC.
If it's a new project, in the development stage, the fund asks the entrepreneur
to float a special purpose vehicle - which is a separate entity - for the project.
The fund then puts up money for an equity stake in the entity, typically
amounting to 15-25 per cent of the project cost. The builder and the
landowner will be the other partners in the project and will be expected to
bring in their share of the equity, which can be in kind. The builder could,
for instance, fund the construction costs and this would be treated as his
share of equity. These funds, given their structure, are interested in making
only equity and not debt investments in projects.
The entrepreneur is free to raise debt to fund the remaining part of the cost.
Once the property is developed and sold to its new owners, the profits would
be shared between the property fund, the builder and the landowner in
proportion to their original equity stakes.
Property funds may also pick up stakes in already developed residential or
commercial space, with the intention of earning a regular rental income.
Commercial or office space leased out to IT, BPO firms and MNCs seem to
be preferred targets, as these promise safe, stable returns.
As the market evolves, specialised property funds could also arrive on the
scene. Pantaloon's venture fund, for instance, plans to focus only on malls
and commercial space leased out to retailers.
The real estate sector also now requires a professional outlook and a more
systematic way of conducting its affairs. One of the biggest hindrances to
investment in the sector is lack of professionals and transparency in real
estate development. The industry does have a few big developers who are
professional in their approach, but they do not constitute more than one per
cent of the all-India market. The introduction of real estate mutual funds
(REMF) would address this issue as well.
An REMF is an investment vehicle, which buys, develops, manages and
sells real estate assets. Its investments may also include shares/bonds of
companies involved in real estate, mortgage backed securities, and so on.
The mutual fund structure is an ideal instrument for propelling investments
into real estate. It combines the best features of the real estate industry with
other financial instruments, and gives the investor a practical and efficient
HDFC Home Loans

means for including professionally managed real estate in his investment

portfolio.
ICICI-HOME LOANS
Home Loan Interest Rates for Resident Indians
In your quest of the perfect home loan, ICICI Bank Home Loans ensures
that you get the best deal, in terms of interest rate and other facilities also, in
the most convenient way. With our varied offering of house loans and home
finance, we give you an opportunity to select the perfect home loan as per
your needs. You can choose from:
• Adjustable Rate Home Loan

• Fixed Rate Home Loan
Combination of the above two
Step Up Repayment Facility (SURF)
SURF is a variant to enhance the eligibility of a young professionally

qualified home loan customer with out increasing monthly outflow as EMI.
The structuring
consider a notional
percentage
increase in income
HDFC Home Loans

& offers options of graded increase in EMI over the tenure of the loan
contracted.
The tenure is divided in three parts
• Primary being lowest EMI

• Secondary
• Tertiary being highest EMI
The following are the features of SURF
Higher eligibility of loan amount with lower EMI

Graded increase in EMI considering future increase in Income
Suited for young professionals.
SURF can be availed by Resident Indian whether Salaried or Self-Employed

Professionals.
Flexible Installment Plan (FLIP)
FLIP is a variant for structuring enhanced eligibility of home loan applicants

with varying tenure of income source. This repayment facility is given when
income is going to reduce after certain time during the loan tenure due to
one of the borrowers retiring before loan maturity. The EMI payable
becomes affordable based on individual income source and also matching
the family cash flow. This variant is offered typically to family members
joining as applicants like husband & wife or father & son with varying
tenure of service Period / Age norm.
FLIP has the following features
• FLIP considers income of two applicants and offers step down

repayment facility
• One of the applicants should have service period till the end of the
tenure of the loan
• FLIP would have two different EMIs during the tenure of the loan
• Normally the first EMI would be based on the combined income
• The second EMI would be smaller & based on the lower income with
longer tenure of the applicant
HDFC Home Loans

FLIP can be availed by Resident Indian whether Salaried or Self-Employed

and also by Non- Resident Indian who is Salaried.
Part Fixed, Part Floating

A product that offers the dual benefit of fixed rate loans as well as floating
rate loans. With this product, a customer can book part of his loan under a
fixed rate plan and the other part under a floating rate plan. Thus, he can
minimize the impact of any adverse changes in the interest rate regimes and
at the same time, avail of any benefits that may come by way of favorable
changes.
Part Fixed, Part Floating can be availed by Resident Indian whether Salaried
or Self-Employed and also by Non- Resident Indian who is Salaried.
SmartFix Home Loans
3 years fixed and floating rate thereafter. A product that offers the safety of
fixed rates plus the advantages of floating rates. The Smart Fix enables the
customer to lock at fixed rate of interest today with the contract to move to a
floating rate on a subsequent date. For the first 3 years you get a fixed
interest rate. From the fourth year, your loan gets switched to the prevailing
floating interest rate. Thus, a customer gets an opportunity to observe the
interest rate movement over a period of time and expects to benefit in the
bargain
Smart Fix can be availed by Resident Indian whether Salaried or Self-

Employed.
The interest rate on ICICI Bank Home Loans is linked to the ICICI Bank
Floating Reference Rate (FRR)/PLR. As per earlier communication,
FRR/PLR was increased by 1% on Feb 9th 2007. Consequently interest rate
for all existing customers under Adjustable Rate Home Loans (ARHL) also
went up by 1%. Subsequent to this change, as per recent announcement, the
FRR/PLR has been further increased by 1% effective from March 31st
2007.The FRR has gone up from 11.75% to 12.75%& PLR has gone up
from 13.75% to 14.75%. For all the Adjustable Rate Home Loan customers,
both the above changes will be effective from 1st April 2007.
To know the impact of change in FRR on your existing Home Loan Tenure,
please use the Online Calculator.
HDFC Home Loans

To know more about the change in FRR and its impact please Click here -
FAQ's
For further queries regarding the change in rates, please Email Us or you can
get in touch with our call centre at below mentioned numbers:
Ahmedabad : 6630 9890

Bhubaneshwar : 99384 88000
Chennai : 4208 8000
Cuttack : 99384 88000
Delhi (Mobile) : 98181 78000
Guwahati : 99541 08000
Indore : 402 2005
Kochi : 238 4500
Lucknow : 229 4577
Patna : 99340 08000
Ranchi : 99340 08000
Andhra Pradesh : 98495 78000
Goa : 98904 78000
Haryana : 98961 78000
Karala : 98954 78000
Maharashtra : 98904 78000
Rajasthan : 98292 22292
UP East : 99362 18000
Uttaranchal : 98973 08000
Description of
Home Loans
Charges
Home Loans: 0.5% of loan amount as Administrative fee or
Loan Processing
Rs.2,000, whichever is higher. Loan Overdraft against
Charges / Renewal
property or office premises: 1% of loan amount or Rs.2,000,
Charges
whichever is higher. Fees are non–refundable.
Prepayment Charges 2 % on the principal
outstanding on full
prepayment
Solvency Certificate NA
HDFC Home Loans

Charges for late

Home Loans : 2% per month Home OD : 1.5% of the
payment (loans)
outstanding amount subject to minimum of Rs. 500/- &
Maximum of Rs.5000/-
Charges for changing
from fixed to floating
rates of interest 1.75% on principal oustanding
Charges for changing

from floating to fixed
rates of interest 1.75% on principal oustanding
Cheque Swap Charges

Rs. 500/-
Document Retrieval
Charges
Rs. 500/-
Cheque bounce charges

Rs. 200/-
Note : Service Tax and other govt. taxes, levies, etc. applicable as per
prevailing rate will be charged over and above these charges
Factors Affecting Your Loan Amount:
HDFC Home Loans

ICICI Bank Home Loans brings to you a home loan power-packed with
numerous facilities making it the perfect home finance option for you.
With ICICI Bank Home Loans, you can get a home loan suited to your
needs. The home loan amount depends on your repayment capability and is
restricted to a maximum of 85% of the cost of the property or the cost of
construction as applicable. Repayment capacity takes into consideration
factors such as income, age, qualifications, number of dependants, spouse's
income, assets, liabilities, stability, continuity of occupation and savings
history.
A number of factors are taken into account when assessing your repayment
capacity. Your income, age, number of dependants, qualifications, assets and
liabilities, stability/ continuity of your employment / business are some of
them.
However, there are ways by which you can enhance your eligibility.
If your spouse is earning, put him/her as a co-applicant. The additional

income shall be included to enhance your loan amount. Incidentally, if there
are any co-owners they must necessarily be co-applicants.
Did you know that your fiancée's income can also be considered for
sanctioning the loan on your combined income? The disbursement of the
loan, however, will be done only after you submit proof of your marriage.
Providing additional security like bonds, fixed deposits and LIC policies
may also help to enhance eligibility.
While there is no need for a guarantor, it could be that having one might
enhance your credibility with us. If so, our loan officer would provide you
with the necessary details.
The final amount to be sanctioned will depend on your repayment capacity.

However, what you ultimately are entitled to will have to conform within the
limits fixed for each loan.
Also, when the company looks at the total cost, registration charges, transfer
charges and stamp duty costs are included.
HDFC Home Loans

WELCOME to SBI Home Loans –
"THE MOST PREFERRED HOME LOAN PROVIDER" voted in

AWAAZ Consumer Awards along with the MOST PREFERRED BANK
AWARD in a survey conducted by TV 18 in association with AC Nielsen-
ORG Marg in 21 cities across India. SBI HOME LOANS now offers
Interest Rates concessions on GREEN HOMES in accordance with SBI's
commitment to Environment protection.
SBI Home Loans come to you on the solid foundation of trust and
transparency built in the tradition of State Bank of India.
Best Practices followed in SBI mentioned below will tell you why it makes
sense to do business with State Bank of India
Best practices followed in SBI

People dealing with End to End service by Permanent employees of SBI who are
you accountable to you.
SBI branch of your choice will service your loan account.
Place
You can always meet our employees face to face.
HDFC Home Loans

Complete transparency.
Price
Interest charged on the daily reducing balance.
No penalty for prepayments made, out of bonafide savings
Prepayment charges
or windfall gains for which evidence is produced.
Costs hidden in fine
No hidden costs
print
Complete transparency. All the features of our product,
Transparency
including interest rates, are in the public domain.
Unique features:
* Provision for on the spot "In principle" approval.
* Loan sanctioned within 6 days of submission of required documents.
* Option to avail Home Loan as a Term Loan or as an Overdraft facility to

save on interest and maximise gains (see SBI MaxGain in the following
sections)
*Option to club income of your spouse and children to compute eligible loan
amount
*Provision to club depreciation, expected rent accruals from property

proposed to compute eligible loan amount
*Provision to finance cost of furnishing and consumer durables as part of

project cost
*Repayment permitted upto 70 years of age
*Free personal accident insurance cover upto Rs.40 Lac.
*Optional Group Insurance from SBI Life at concessional premium (Upfront

premium financed as part of project cost)
*Interest calculated on daily reducing balance basis, and starts from the date
of disbursement.
HDFC Home Loans

â€˜Plusâ€™ schemes which offer attractive packages with concessional

interest rates to Govt. Employees, Teachers, Employees in Public Sector Oil
Companies.
*Special scheme to grant loans to finance Earnest Money Deposits to be

paid to Urban Development Authority/ Housing Board, etc. in respect of
allotment of sites/ house/ flat
*Option to avail loan at the place of employment or at the place of

construction
Package of exclusive benefits:
• Complimentary international ATM-Debit card

• Complimentary SBI Classic/ International Credit Card.
• Option for internet-banking
• Concessional package under â€˜Credit Khazanaâ€™ for
prospective Auto Loan, Student Loan, Personal Loan borrowers
whose accounts are conducted satisfactorily
• 50% concession in charges in respect of all personal remittances/
collection of outstation cheques
Personal loan at attractive rates under SBI Home Plus scheme tailored
exclusively for SBI Home Loan customers.
Purpose
Purchase/ Construction of House/ Flat Purchase of a plot of land for

construction of House Extension/ repair/ renovation/ alteration of an existing
House/Flat Purchase of Furnishings and Consumer Durables as a part of the
project cost. Takeover of an existing loan from other Banks/ Housing
Finance Companies.
Eligibility
Minimum age 18 years as on the date of sanction Maximum age limit for a
Home Loan borrower is fixed at 70 years, i.e. the age by which the loan
should be fully repaid.
Availability of sufficient, regular and continuous source of income for

servicing the loan repayment.
HDFC Home Loans

Loan Amount
40 to 60 times of NMI, depending on repayment capacity as % of NMI as

under - Loan Amount
40 to 60 times of NMI, depending on repayment capacity as % of NMI as

under –
Net Annual Income EMI/NMI Ratio

Upto Rs.2 lacs 40%
Above Rs.2 lac to Rs. 5 lacs 50%
Above Rs. 5 lacs 55%
To enhance loan eligibility you have option to add:
1. Income of your spouse/ your son/ daughter living with you, provided
they have a steady income and his/ her salary account is maintained with
SBI.
2. Expected rent accruals (less taxes, cess, etc.) if the house/ flat being
purchased is proposed to be rented out.
3. Depreciation, subject to some conditions.
4. Regular income from all sources.

Margin
Purchase/ Construction of a new House/ Flat/ Plot of land: 20% for loans up to Rs. 1 cr.,
25% for loans above Rs. 1 cr.
Repairs/ Renovation of an existing House/ Flat: 20%
Interest
Processing Fee
0.50% of Loan amount with a cap of Rs.10,000/-(including Service Tax)
HDFC Home Loans

Pre-closure Penalty
No penalty if the loan is preclosed from own savings/windfall gains for
which documentary evidence is produced by the customer.
In case, such proof is not produced by the borrower, penalty @2% on the
amount prepaid in excess of normal EMI dues shall be levied if the loan is
preclosed within 3 years from the date of commencement of repayment.
Security
Equitable mortgage of the property

Other tangible security of adequate value like NSCs, Life
Insurance policies etc., if the property cannot be mortgaged
Maximum Repayment Period
For applicants upto 45 years of age: 25 years

For applicants over 45 years of age: 15 years
Moratorium
Upto 18 months from the date of disbursement of first instalment or 2

months after final disbursement in respect of loans for construction of new
house/ flat (moratorium period will be included in the maximum repayment
period)
Disbursement
In lump sum direct in favour of the builder/ seller in respect of outright
purchase.
In stages depending upon the actual progress of work in respect of
construction of house/ flat etc.
Documents
Completed application form

Passport size photograph
Proof of Identity â€“ PAN Card/ Voters ID/ Passport/ Driving License
Proof of Residence â€“ Recent Telephone Bill/ Electricity Bill/
Property
tax receipt/ Passport/ Voters ID
HDFC Home Loans

Proof of business address in respect of businessmen/ industrialists

Sale Deed, Agreement of Sale, Letter of Allotment, Non encumbrance
certificate, Land/ Building Tax paid receipt etc. (as applicable and subject
to satisfaction report from our empanelled lawyer)
Copy of approved plan and approval from the Local Body
Statement of Bank Account/ Pass Book for last 6 months
â€˜SBI-Flexiâ€™ Home Loans
A customized product designed to enable borrowers to hedge their Home

Loan against unfavourable movement in interest rates. The product gives
you a one time irrevocable option to choose one of the three customized
combinations of fixed and floating interest rates and also to choose the order
in which the fixed and floating rate will be availed.
Minimum Loan Amount: Rs.5 lacs
(Other terms and conditions â€“ as applicable to regular Home Loans)
â€˜SBI-Maxgainâ€™ Home Loans

An innovative and customer-friendly product to enable you to earn optimal
yield on your savings and minimize interest burden on Home Loans, with no
extra cost.
The loan is granted as an Overdraft facility with the added flexibility for you
to operate your Home Loan Account like your SB or Current Account.
The product serves to minimize your interest cost by enabling you to park
your surplus funds in â€˜SBI-Maxgainâ€™ (with the benefit to withdraw the
surplus funds whenever you require), specially in the wake of low yields
from other deposit/ investment avenues. Minimum Loan Amount: Rs.5 lacs
â€˜SBI-Realtyâ€™ Home Loans
HDFC Home Loans

A unique product if you are on the look out for a loan to purchase a plot of
land for house construction. The loan is available for a maximum amount of
Rs.20 lacs* and with a comfortable repayment period of upto 15 years.
You are also eligible to avail another Housing Loan for construction of
house on the plot financed above with the benefit of running both the loans
concurrently.
(House construction should commence within 2 years from the date of

availment of â€˜SBI-Realtyâ€™ Housing Loan)
(* relaxation considered on case to case basis)
â€˜SBI-Freedomâ€™ Home Loans
A revolutionary product designed for customers who are on the look out for
a source of finance for a property they want to invest in without mortgaging
the same. All you have to do is pledge any financial security that you have
and you will get a Home Loan for your dream home.
A must-take for those who do not want to pay stamp duty for mortgage of
their property or go through the hassles of creation of mortgage.
You also have an option to take the loan by way of mortgage of the property
and pledge financial securities in lieu of margin money.
Repayment is highly customized, giving you the option to repay through

regular EMIs or through maturity proceeds of the securities pledged.
â€˜SBI-OPTIMAâ€™ ADDITIONAL HOME LOANS

â€˜SBI-HOMELINEâ€™ SPECIAL PERSONAL LOANS
Innovative and value added products extended to existing Home loan
HDFC Home Loans

borrowers with a satisfactory repayment record of 3 years and whose loan is

Standard Asset, with a view to reinforce the customer loyalty and to
maintain long term relationship with the borrowers. In case of take-over of
Home Loans from other Banks/HFCs, the borrower should have fulfilled the
above conditions with the present Bank/HFC.
Purpose
â€˜SBI-Optimaâ€™ Additional to meet expenditure towards major repair,

Home Loans renovation, addition to their house/flat,
purchase of furniture, fixtures and
consumer durables
â€˜SBI-Homelineâ€™ Special General purpose loan to meet expenditure
Personal Loans to meet forseen/unforeseen contingencies
Eligibility
â€˜SBI-Optimaâ€™ Additional 18 times NMI (for salaried borrowers)/
Home Loans 1 Â½ times NAI ( for others) or
(i)25% of the original project cost of

house/flat (ii) 85% of the cost of repairs
etc. or (iii) gap between 85% of the current
market price of flat/house and actual
outstanding loan dues ,
whichever is lower (EMI/NMI ratio of all

loans should not exceed 60%)
â€˜SBI-Homelineâ€™ Special 18 times NMI (for salaried borrowers)/
Personal Loans 1 Â½ times NAI (for others)
Interest Rates/processing fee
â€˜SBI-Optimaâ€™ Additional As applicable to Home Loans
Home Loans
â€˜SBI-Homelineâ€™ Special Interest rates 50 bps above rates applicable
Personal Loans to the repayment tenure (floating rates
only)
Processing fee : 0.50% of the loan amount

(including service tax)
HDFC Home Loans

 Inbuilt provision for availment of the loans on the expiry of each bloc
of 5 years, the first bloc commencing on the expiry of 5 years from
the date of sanction of original Home Loan.
 Original Home Loan and all â€˜SBI-Optimaâ€™ Home
Loans/â€™SBI-HomeLineâ€™ Personal Loans can run concurrently
 Comfortable repayment obligations â€“ Tenure of the loans equal to
the residual maturity of the original Home Loans -
â€˜PRASHASAN PLUSâ€™, â€˜TEACHER PLUSâ€™ AND â€ÕIL

PLUSâ€™
The above â€˜ plusâ€™ schemes offer concessional interest rate of

0.25% below the applicable interest rates on Home Loans to niche client
groups like Government Employees, Teachers, employees of public
sector oil companies etc. For more information you may please call our
contact centre on toll free number 1800 11 22 11
PNB-HOME LOANS
Housing Loan
PNB reaches out to you with fast, friendly and most
convenient home loans for:
Construction or purchase of house/ flat

Purchase of house/ flat on First Power of Attorney basis
from the original allottee. Carrying out repairs/
renovations/ additions/ alterations to existing house/
HDFC Home Loans

flat. Special Feature- To cover the loan outstanding, life Insurance cover is
also available on payment of one time premium which can also be financed
by the Bank.
Extent of loan
Individual
For construction/purchase of house/ flat:- 75% of the cost of construction of
house or purchase of house/ flat .
For carrying out repairs/ renovation/ additions/ alterations: - 75% of the
estimated cost subject to maximum of Rs. 20lacs.
Loan upto Rs.20 Lacs for purchase of Land/Plot.
Loan is available maximum upto Rs.2 Lacs for furnishing
Security
Mortgage of property for which finance is being given.
In case of purchase of house/ flat from housing board/ society where
mortgage cannot be created immediately, a tripartite agreement shall be
executed amongst the housing board/ society, borrower and the Bank. In
case of purchase of house/ flat on first power of attorney, additional security
equal to 125% of the loan amount by way of mortgage of some other
property or pledge of bank's FDR/ LIC policy/ Govt. Securities, NSCs,
KVPs, IVPs, / PSU Bonds etc. has to be provided.
Rate of Interest
RATE OF INTEREST (as on 01.07.2008):
Rate of Interest @ percent p.a.

TENOR
For loans repayable in/upto Loan Amt. upto Rs.20 Loan Amt. above Rs.20
lac lac
i) Upto 5 years- floating 9.50 10.00
-fixed 10.75 11.25
ii) Above 5 years & upto 10 years-
9.75 10.25
floating
-fixed 11.50 12.00
iii) Above 10 years & upto 20 10.00 10.50
HDFC Home Loans

years- floating
-fixed 11.75 12.25
iii) Above 20 years & upto 25 years-
10.50 11.00
floating
-fixed 12.25 12.75
Fixed Rate of Option is subject to Reset Clause of Five Years.
Extra rate of interest of 0.50% on Card Rates to be charged in respect of

persons already having one or more houses and availing housing loan for
subsequent house(s).
Option for Fixed or Floating Rate of Interest exercised by the borrower will
not be allowed to be changed for a minimum period of 3 years, whereafter
any change would be at the discretion of the Sanctioning Authority.
Upfront Fee
0.90% of the loan amount + Service Tax & Education Cess
Documentation Charges
Rs.1,350/- + Service Tax & Education Cess
Repayment
Loan is to be repaid in equated monthly installments within a period of 25
years or before the borrower attains the age of 65 years.
Disbursement
For outright purchase of house/ flat, the loan amount will be paid in
lumpsum to the vendor.
HDFC Home Loans

For house/ flat under construction, the loan amount will be disbursed in
stages as per progress of construction/ demand by selling agency.
CANARA BANK-
HOME LOANS::
Opt for floating rates on home loans: Canara Bank
Our Bureau
Bangalore , Dec. 9
CANARA Bank is persuading housing loan customers to opt for floating

rates instead of fixed rates.
HDFC Home Loans

Speaking to reporters after launching the bank's housing loan festival, the
Chairman and Managing Director, Mr M.B.N. Rao, said: "We are not
offering any fixed rates since the rates are expected to firm up. In such a
situation customers will benefit from floating rate loans."
Canara Bank expects to have housing loan portfolio of at least Rs 7,500

crore by the end of this fiscal if the current growth trend is sustained, he
added.
The bank currently has a retail portfolio of Rs 12,500 crore, of which the
housing loan portfolio comprised of Rs 4,799 crore.
He said that the bank was in an advanced stage of implementing the core-
banking solution (CBS).
The bank would roll out its pilot project on CBS early next year, he said,
adding that it would be extended to the remaining branches across the
country.
Canara Bank spares home loans

Sunday, 29 June , 2008, 11:53
Last Updated: Sunday, 29 June , 2008, 12:14
Canara Bank has left home loan and auto loan borrowers out of the purview
of the hike in interest rates it announced on Friday
The bank had announced a 50 basis point hike in BPLR (benchmark prime
lending rate), taking it to 13.25 per cent, but said the hike would not cover
home loans and auto loans, a welcome relief to its customers. Many other
banks have increased the floating rates of home loans in tandem with the
hike in PLR they announced, following the RBI’s decision to hike repo rates
and CRR.
HDFC Home Loans

More India business stories

M B N Rao, Chairman and Managing Director, Canara Bank, told Business
Line that the bank had decided ‘for the time being’ not to apply the hike in
BPLR to home loan and auto loan customers.
The RBI has announced measures to tighten fund flow to curb inflation.
Home loans are not among the causative factors for the inflation, which
continues to be high due to various reasons, including high fuel costs and
other external pressures.
Also, housing loans are not a short-term proposition and are part of a life-
long investment by the customers with whom Canara Bank has a well-
rounded relationship. So the bank does not want to tinker with the loans and
other ‘smaller commitments’ (auto loans) as it expects inflation to taper off
in the coming months.
Power Home
: Documentation
HDFC Home Loans

Documents Required
The following documents are required along with your loan application:
Purpose Salaried Others

Voter's ID card or driving
license or PAN card or photo
Voter's ID card or driving
Proof of credit card or employees ID
license or PAN card or
identity card or defense or police or
photo credit card
government department ID
card
IT returns for the last 2
Latest salary slip showing all
Proof of years and computation of
deductions or Form 16 along
income income for the last 2 years
with recent salary certificate
certified by a CA
Bank account statement or
Bank account statement or
latest electricity bill or latest
latest electricity bill or
mobile or telephone bill or
latest mobile or telephone
latest credit card statement or
bill or latest credit card
latest LIC policy or insurance
Proof of statement or latest LIC
premium receipt or employers
residence policy or insurance
letter certifying the current
premium receipt or latest
mailing address or latest NSC
NSC or other similar
or other similar instruments
instruments indicating the
indicating the address or
address
existing house lease agreement
Bank
statement or
Pass Book
Last 6 months Last 6 months
where salary
or income is
credited
Guarantor
Optional Optional
form
Axis Bank reduces rates of home loans
HDFC Home Loans

By Agencies
Private sector lender Axis Bank has reduced floating interest rates of home
loans by 0.50 per cent for existing and future customers, a senior bank
official said.
The industry practice was to acquire fresh customers by offering a lower rate
on floating loans "but we want to maintain a parity between both our
existing and future customers," Axis Bank's Assistant Vice-President Imtiaz
Ahmed told PTI.
The rate has been brought down from 11 per cent to 10.5 per cent for both
categories, he said, adding that the revised rate comes into effect from
October 1.
The bank (formerly UTI Bank) has, however, not effected a change in its
fixed home loans rate, which remains at 13 per cent.
"We have no immediate plans to have a re-look at our fixed rate," Ahmed
said, adding that nearly 95 per cent of the bank's home loan customers were
opting for floating rate.
"Our decision to lower rates on our floating home loans is a strategic

decision," he said.
There has been a good growth in the bank's home loans portfolio and
presently it constitutes 54 per cent of the total retail portfolio, he said.
"Every month, we are adding around Rs 300 crore by way of mortgage

loans."
A clutch of banks have reduced their home loan rates in the last one month.
While some have offered reductions in view of the on-going festival season,
others have done so to keep pace with competition.
Some of the leading banks that have lowered home loan rates are public
sector Bank of Baroda, Union Bank of India, Canara Bank and IDBI Bank
HDFC Home Loans

Religare Macquarie appoints Vikas Agnihotri as CEO

Religare Macquarie Wealth Management on Monday appointed Vikas
Agnihotri as its Chief Executive Officer.
ET Debates
• How to deal with ever-rising crude prices?
SENSEX 13791.54 -557.57 NIFTY 4189.85 -142.25 DJIA 11131.08

-239.61 NASDAQ 2264.22 -46.31 RS/$ 42.30 -0.03
Accounts Deposits Loans Cards

Investmets Insurance Payments Other
Services
Power Home
: Terms and Conditions
Repayment
• Repayment period for home loans shall not exceed 20 years

• Repayment period of pre-allotment bookings of housing loans shall
not exceed 1½ year
HDFC Home Loans

Repayment period of improvement or renovation or extension of existing

property shall not exceed 10 years
Security
Equitable mortgage of the property to be financed by way of deposit of title

deeds.
Disbursement
The loan will be disbursed in full or in suitable installments, taking into

account the requirement of funds and progress of construction, as assessed
by the Bank directly to seller or builder or local development authority or
supplier of materials etc.
Processing charges or admission fee
Processing fee equivalent to 1% of the loan amount (applied for) will be

collected along with the application form (taxes as applicable).
Penalty for early closure
2% of the principle outstanding in case of takeover by other bank or HFC,

otherwise nil.
Other Conditions
• Bank reserves the right to reject any application without assigning

reasons thereof
• The applicant will undertake to inform the Bank as and when there is
a change in address or employment
The terms and conditions mentioned above and elsewhere under the scheme
are subject to modification from time to time solely at Bank's discretion.
HDFC Home Loans

IDBI Home Loan

IDBI-(Industrial Development Bank Of India Limited) Home Loan provides
solution to all your worries regarding home financing by providing housing
loans at attractive loan rates. With IDBI Bank Home Loans you can avail the
advantages like option between fixed & floating rate of interest, EMI,
service at your doorstep along with easy to understand documentation as
well as legal & technical assistance IDBI Home Loans also gives the balance
transfer facility and housing loans at a very low interest rate.
Besides this, insurance on your loan amount is also offered by IDBI Bank.
You can take IDBI Housing Loan for a period of 20 years if you are
employed while self-employed can avail the loan only for a period of 15
years and in case of NRI's it is only 10 years. 90% of the cost of home can
be covered.
IDBI Home Loan offers two options of interest rate, 14% and 14.25% on
HDFC Home Loans

Fixed Rate Home Loans for 3 years and 5 years respectively. The Floating
Rate Home Loan for the tenure of 1-20 years is 11.25%. Indiahousing.com
provides the following link to find further detailed information about IDBI
Home Loan and its different loan schemes with varied rate of interest while
appreciating its services and contribution towards the growth of Real Estate
industry in India:
Website:http://www.idbi.com
India Housing- Real Estate India India Housing- Property in India
Features
HDFC Home Loans

Sponsored Link
Loan available for purchase, construction, repair, renovation and house
extensions. Loans are also available for plot purchase.
Eligibility
• Should be engaged in a permanent service, profession or business to
be eligible for a loan.
Loan schemes are for those funding residential house by way of
construction, purchase of new house or flat, existing house or flat not more
than 35 years old, extension or renovation of existing house.
Home Loan Amount

∗ Tenor of a home loan can be up to 20 years for a resident individual
and 10 years for non-professional NRIs, subject to maximum age of
60 years for resident Indians and 55 years for NRIs on loan maturity
date.
∗ In case of home loans for purchase or construction, 85 per cent of the
total cost of the house will be available as a loan.
Margin
15 per cent of the cost of purchase/ construction/ repair/ renewal/ renovation
of a residential property or a vacant plot need to be brought in by the loan
seeker.
Processing Fee
Processing fee for loans is 1 per cent of the loan amount, subject to a
maximum limit of Rs. 50,000 plus service tax.
Prepayment fee
2% of the loan amount prepaid.
Repayment Period
• For 'Griha Prakash', the repayment tenure is up to 20 years or before
retirement or 60 years of age (whichever is earliest).
HDFC Home Loans

• The loan tenure is 5-15 years, or 60 years of age.

• For purchase of vacant plot/site, the loan repayment tenure is up to 10
years or before /at the retirement age, or 60 years of age (whichever is
earliest). However, in case of purchase from government
bodies/statutory bodies, the maximum tenure is 15 years.
For Non- Professional NRIs term is restricted to 10 years, but 15 years for
Professionals. It shall, however, not exceed retirement age or 55 years of
age, whichever is earliest.
Common requirements:
Duly Filled in Application Form.
• Income Particulars, as applicable, along with copies of Updated Bank

Statements / Passbooks of each Applicant for the past 6 months.
• If Property has been identified / already belongs to the Applicant (s)
then:
• Copy of Approved Plan
• Copies of Title Papers
Additional Documentation for Salaried

Applicant (s):
• Copies of Payslips of the Applicant (s) for the past 6 Months till the
Month preceding the Month of Application
• Copy of Appointment Letter / latest Pay Revision Letter, if possible.
• Copies of Form 16 with copies of ITRs & Computation Statement for

latest Assessment Year.
Additional Documentation for Self-employed

Applicant (s):
• Copies of last 3 years ITRs with Computation & Personal Financial
Statements of the Applicant (s) along with copies of TDS Certificates
/ Income Tax Paid Challans.
HDFC Home Loans

Additional Documentation for NRI Applicant (s):

• Copies of Valid & Attested / Notarised Passport & Visa / Permanent
Resident Card.
• In case of Employment, copy of the Valid Employment Contract.
• Copies of Updated Bank Statements / Passbooks of Bank Accounts in

India as well as the relevant Country, in case of each Applicant for the
past 6 months.
Additional Documentation for considering Income

from Rentals:
• Copies of latest Municipal Tax Receipt (s) & Title Papers in favour of
the Applicant (s).
• Copy of Lease Agreement (s).
Full details regarding TDS & Monthly / Annual outgoings.
Smart Apply
Indian NRI
STD Phone No Ext
Date of Birth
HDFC Home Loans

LIC Home Loan

LIC Housing Finance Limited is one of the leading players in the home loan
segment. Incorporated on June, 19, 1989 and promoted by the Life Insurance
Corporation of India, LIC Housing Finance Limited boasts of an extensive
distribution network and a massive brand presence by virtue of being one of
the earlier entrants in the market for housing loans.
LIC offers home loans for construction/purchase of house/flat and also for
renovation of existing flat/house. LIC Griha Prakash and Griha Laxmi loans
are for purchase and construction of properties and the maximum loan
offered can go up to Rs 1 crore. In both the cases the home loan finances up
to 85% maximum of the cost of the property which is inclusive of agreement
value, stamp duty and registration charges.
LIC Griha Sudhar Loan facilitates repairs/renovation of properties. The

maximum loan amount can be up to Rs.10 lacs and the loan to property cost
won't exceed 85% of Cost of Repairs or 25% of Market Value of Property,
whichever is lower.
LIC Griha Prakash loans are meant for extension of residential units and the
loan amounts range from Rs. 25,000 to Rs.1,00,00,000. The company
HDFC Home Loans

finances up to 85% of the total cost of the property including Stamp Duty
and Registration Charges. The maximum repayment period can be up to 20
years or retirement age or 70 years of age, whichever is earliest.
HSBC Home Loan

HSBC has made rapid strides in the home loan segment. HSBC provides
loans for ready property, under construction property, self-construction and
home improvement. HSBC home loans range from Rs. 5 lakhs to Rs. 3 crore
and the maximum repayment period can go upto 25 years.
Flexible repayment options of HSBC allow home loan borrowers to choose

between fixed and floating rate home loans. They also have the option of
switching from a floating rate home loan to a fixed rate home loan once a
year at no extra cost. Once the home loan is approved, customers get a Gold
Credit card, free for the first year with annual charges being waived.
HSBC's MyHome is a unique home loan product that lets the borrower
control the EMIs on an annual basis. Every year, depending on the
customer's financial needs, he can decide to pay an EMI that is either 15%
higher or lower than the regularEMI.
HSBC's Smart Home is a savings-linked home loan product that requires the
customer to open a current account with HSBC. The EMI varies from month
to month depending on the balance maintained in the account and the bank
claims that the customer can save up to 50 per cent on interest expenses of
the loan.
HDFC Home Loans

Recent Experiences in the

Housing Finance Sector - A
Study with Reference to
India::
Housing Finance International, Sep 2007 by
Saravanan, P
Housing is one of the fundamental demands for living. Access to acceptable
housing is one among the elementary human needs as well as one of the
keys to peace and happiness. In every country, resolving housing issues has
political, social and economic significance. Housing is a significant engine
for growth and development of the economy. Home to roughly 1.1 billion
people, India is the second most populous country after China and is
expected to overtake it by 2030; roughly one in every sixth person on earth
lives in India.
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financial advisor...
HDFC Home Loans

The growth rate of the population is still rapid which will result in an
unfavourable land-man ratio reflecting high density in pockets. The
disproportionate urbanization leads to steady migration of people from rural
to urban areas at the aggregate level. This in turn resulted in a huge demand
on the infrastructure of the cities, besides causing pressure on the land.
It is evident from Table 1 that one in every three Indians is under the age of
15, and only one in three is older than 35. When comparing with other
countries such as China, USA and Japan, India has the unique advantage of a
higher level of middle aged and lower level of aged people. Indian GDP has
grown at 6% for the past 10 years and 8% for the last three years and
interestingly the service sector accounts for 60% of GDP.
It can be seen from the Table 2 that in spite of the merits highlighted in the
preceding paragraphs, India has the lowest figure for house mortgages as a
percentage of GDP. Amongst the Asian countries, Hong Kong has the
highest ratio, followed by Taiwan, Malaysia, Thailand and Korea.
It could be inferred from Exhibit 1 that the consumption pattern amongst the
Indian population is expected to change 2013. The strivers are less but
aspirers and rich are significant higher compared to 2003. The housing
finance sector in India has undergone unprecedented change over the past
two decades. Exhibit No 2 depicts clearly the existing housing finance
system and Exhibit No 3 indicates the transitions.
The housing finance requirements in the country are catered for by the
following types of institutions:
* Scheduled Commercial Banks

* Scheduled Cooperative Banks
* Regional Rural Banks
* Agriculture and Rural Development Banks
* Housing Finance Companies
* State Level Apex Co-operative Housing
HDFC Home Loans

* Finance Societies
Housing finance as a financial service is relatively young in India. The
growth in housing and housing finance activities in recent years reflect the
buoyant state of the housing finance market in India. The real estate sector is
the second largest employment generator in the country.
The government's support to housing had traditionally been centralised and

directed through the State Housing Boards and Development Authorities. In
1970, the state set up the Housing and Urban Development Corporation
(HUDCO) to finance housing and urban infrastructure activities. In 1977,
the Housing Development Finance Corporation (HDFC) was the first
housing finance company in the private sector to be set up in India. The
public sector insurance companies - Life Insurance Corporation of India
(LIC) and General Insurance Corporation of India (GIC) were also mandated
to support housing finance activities, both directly through their housing
subsidiaries (both established in 1989) and indirectly through a mandated
requirement to invest a certain proportion of their annual accretion in
socially oriented schemes which includes housing.
In 1988, the National Housing Bank (NHB) was established as a 100%

subsidiary of the Reserve Bank of India, (the central bank of the country), to
promote housing finance through a refinance mechanism to banks, housing
finance companies (HFCs) and other institutions and also to function as the
supervisory and regulatory body for housing finance firms.
Currently there are 29 HFCs approved for refinance assistance from NHB.
Although commercial banks were the largest mobiliser of savings in the
country, traditionally banks were rather reluctant to lend for housing as they
preferred financing the working capital needs of the industry. Several banks
had set up housing finance subsidiaries which functioned as independent
units with little support or interest from their parent bank. Towards the end
of the 1990s, against the backdrop of lower interest rates, industrial
slowdown, sluggish credit off-take and ample liquidity, and financial
deregulation commercial banks shifted their focus from the wholesale
segment to retail portfolios.
Growth Trends
HDFC Home Loans

The lower interest rate regime, rising disposable incomes, stable property
prices and fiscal incentives made housing finance attractive business for
commercial banks. Further, housing finance traditionally has been
characterised by low nonperforming assets (NPAs) and given the vast
demand for housing loans, almost all the major commercial banks plunged
into the business of housing finance. The robust growth during the last
decade has been triggered by a number of factors, some of which are listed
below:
Indian housing
finance system,
Housing Finance International, Dec 1999 by Vora, P P
DEMOGRAPHIC INFORMATION
Situated in the Northern Hemisphere, India has one of the world's oldest
civilizations, with kaleidoscopic variety and a rich cultural heritage. India is
the seventh largest country in the world, covering an area of 3,287,263
square kilometers. It is the second most populous country, and her
population as of March 1, 1991 (the last census conducted) was 846.3
million, which accounts for 16% of the world's population.
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HDFC Home Loans

The average annual exponential growth rate as per the 1991 census was
2.14%, with 74.3% of the population (628.8 million) living in rural areas and
the remaining 25.7% (217.5 million) in urban areas. The rural population
accounted for 89.2% in 1901 and has dropped since. In 1991, India had 23
cities with a population of more than a million each, and the total population
of these cities accounted for nearly 33% of the urban population. The density
of population which was 77 persons per square kilometer in 1901 steadily
increased over the years and stood at 267 persons in 1991. The estimated
midyear population during the year 1996-97 was 936 million.
The Indian Union now comprises 25 states and seven union territories. Each
of the states is governed by an elected body
PHYSICAL FEATURES
The country can be divided into four distinct regions, viz., the great
mountain zone, plains of the Ganga and the Indus, the desert region and the
southern peninsula. The great mountain zone in the northern part of the
country is interspersed with large plateaus and valleys. The plains of the
rivers are among the world's greatest and have some of the richest soil. They
also are among the most densely populated areas on the earth.
The desert region in the northwest part of the country is divided into two
parts, viz., the great desert and the little desert; in between the two lies a
zone of absolutely sterile country, consisting of rocky land cut up by
limestone ridges. The southern peninsula is flanked by mountain ranges both
on the eastern and the western region. While the mountain zone in the
northern part of the country is susceptible to seismic disturbances, the
peninsular region in the south is relatively stable and subjected to vary rare
seismic incidents.
The climate of India may be broadly described as a tropical monsoon type. It

can be concluded that India is one country where the requirement of housing
is of different types.
HOUSING SITUATION
HDFC Home Loans

The total housing stock in the country was 148 million units in 1991, as
compared with 116.7 million units in 1981. However, the usable housing
stock was only 133.8 million units in 1991 and 101.5 million units in 1981.
The usable housing stock rose by 31.9% during the period 1981-91.
In comparison, the total number of households was 153.2 million in 1991

and 123.4 million in 1981. The number of households increased by 24%
during the decade 198191. It has been estimated that the usable housing
stock will grow by 23% during the period 1991-2001, and the households
will grow by 16.5% during the same period. Thus, the usable housing stock
is estimated to be around 164 million and the number of households around
178 million by the year 2001.
India continues to face the problem of a shortage of housing units in the

country. The housing shortage was 23.3 million units in 1981, and it came
down to 22.9 million in 1991. It is estimated that the shortage may come
down to a level of 19.4 million units by the year 2001.
While the growth rate in dwellings continues to be relatively lower in the

rural areas, it has been showing an increasing trend in the urban areas,
thereby indicating greater tendencies of urbanization. The current period has
also been witnessing an increased influx of population from the rural to
urban areas, leading to unorganized settlements due to which there has been
tremendous pressure on the infrastructure and services available in the urban
areas.
Housing Shortage
Housing shortage has been estimated on the basis of the number of
households (including homeless households), available housing stock,
acceptable housing stock, aspects of congestion and overcrowding. The
population census provides background information on households,
including homeless households, housing stock and acceptable housing stock
(material of wall and roof).
Overcrowding and congestion is assessed on the basis of number of living

rooms in the dwelling unit, number of members and number of married
couples in the households. The National Building Organisation has estimated
urban housing needs (backlog) of 8.23 million units as of March 1, 1991.
HDFC Home Loans

Using the regression growth rates, the present housing shortage has been
estimated at 20.41 million.
EVOLUTION AND ROLE

OF NATIONAL HOUSING
BANK (NHB)
Even though there were a large number of agencies/institutions providing
direct finance to individuals for house construction, there was no organized
housing finance system as such before the establishment of NHB in 1988.
The vacuum in the institutional finance for housing and other construction
activities was felt due to inadequate flow of funds for such activities from
existing institutions and absence of specialized credit institutions to provide
funds for the purpose.
If you landed on this page by some search engine, you are certainly in
looking out for a change in your living style or looking to buy a new house.
The good news is: You have come at the RIGHT place. You'll soon realize
that home loan companies do exist, and they continue to exist to provide
Basic Home Insurance as well as Home Loan Information including Home
Loan Resources because of the very people who desire to own a house the
soonest possible time - like you!
It is definitely one of the major things that you can board on in your lifetime.
The bad news is: however is that not everyone in this globe is like you,
loaded enough (financially, of course) to be able to build a house as soon as
he wants to.
Whether you are Non Resident Indian or Resident of India, and you are
thinking to start your journey of buying a new house, looking to move to a
new house, investing in property or are looking forward to refinance,
Consider answering these questions to yourself:
HDFC Home Loans

These are just a dash of the questions to be answered when considering

taking the plunge…into the loan journey. The different home loan types are
hereby presented to you to make your journey that more smoother or step by
step, safer and comfortable. Yet, Got a fix on fixed rate or variable rates,
offset accounts, lines of credit or bridging loans!!
And we have covered the basics of your journey here. Going back to you
future house owner, have you got the answers to your questions? Start
answering them now and take the plunge!
With so many real estates sites coming up in Indian market, finding an ideal
house isn't that big a issue nowadays, when you can virtually see all across
the home you need to purchase by the various real estate simulation
programs and videos available, but you still need to purchase it, right? - To
really say "own" it. A home loan, also popularly identified as a mortgage, is
an easier financial option to own a house. Once you've decided to endeavor
on a home loan, there are so many things that you need to be informed with.
Not only is it going to be an emotional experience, it is also going to be a
very informative monetary journey, as you will be dealing with the whole
caboodle of the mortgage process along the way.
There are thousands of home loan companies waiting to provide you with
your financial needs. Part of the success of this whole financial move is
partly in your hands, the greater part relies on the efficiency of your chosen
mortgage company.
In Guide2homeloans, we bring forward to you, the best of the delicacies of

the different home loan types available there in the world market and even
you can also know about the latest Home Finance News in India. We have
published a lot of information, here and elsewhere, on a wide variety of
topics related to home loan types and equity loans and even mortgages. We
will add them regularly as we continue to publish them.
Guide2homeloan.com - A one stop platform to get every possible

information on home loans and home insurance in Delhi, Gurgaon, Noida,
NCR, Mumbai, Pune, Kolkata, Chennai, Bangalore and other Indian cities.
HDFC Home Loans

FM assures financial support to

Central Bank 18 Jun, 2008, 2001
hrs IST, PTI
NEW DELHI: Finance Minister P Chidambaram on Wednesday said that the
government is willing to provide financial assistance in the form of rights
issue to Central Bank of India, if required.
"There are some capital constraints... If government support is necessary we

are willing to give government support," Chidambaram told reporters after a
meeting with the top brass of the bank here.
"There is a pattern now. The government is willing to give support provided

the banks are able to service that support in the same manner in which SBI
has done it," he said.
The country's largest lender SBI received Rs 9,995.99 crore through the
subscription of the rights issue. Following, the successful completion of the
process, other public sector banks are also looking at leveraging the option
of rights issue as it is a cost effective tool for raising capital.
Speaking on the financial status of Central Bank, the Finance Minister said
the top-line of the bank has shown high growth but the bottom line is not
growing. Therefore, it is not able to increase capital adequacy ratio, he
pointed.
The CAR of the bank is currently around 10.42 per cent which is expected to
go up to 10.78 by the end of current fiscal. The bank is expected to comply
with the Basel II norms by the end of 2008-09. He also said that the
government is committed to keeping its share at no less than 51 per cent.
The bank is in the process of opening 200 branches, he said, adding the each
HDFC Home Loans

branch is currently having a business of about Rs 54 lakh and with the

expansion the bank would immediately get an additional business of about
Rs 1,000 core.
Given below are the graphical representations of the responses received on

questions asked through the questionnaire. The interpretation derived and
the model adopted will be explained in detail in the later part of the report.
On asking the following questions, the replies were received accordingly:
* Are you interested to take home loan?

---Around 75% respondents were in favour of taking home loans and
only a few remaining 25% said no to home loans.
Figure A. Reader’s response on taking home loans:
80
70
60
50
40
30
20 YES
10
0 NO
HOME OTHER
LOAN LOANS
HDFC Home Loans

*If yes, how did you come to know about HDFC Home Loans-
---Most of the respondents about 65% of them came to know about home
loans from advertisements.15% of them got aware from websites.Next 15% of
them came to know from their friends.Remaining 5% came to know from
others.
Figure B: Reader’s response on the source of information
70
60
50
Others
40
Friends
30 Websites
20 Advertisement
10
0
advertisement friends
*For which purpose you want to take housing Loans?

----The basic purposes of life is food,shelter and clothing.For shelter,many of the
respondents chose to take loan for land purchase(about 58%).Other 22% took
loan for construction purposes.About 15% of the respondents opted for
improvement of their sweet homes.Next 5% took loan for equity.
Figure C: Purpose behind taking home loan

70
60
50 construction
40 land purchase
30 equity
20
improvement
10
0
n
ty
d
e
io
ov
n
ui
la
ct
eq
pr
HDFC Home Loans

ru
im
t
ns
co
*Do you have any property or immovable assets for giving security of the
loan?
-----About 85% of the respondents said yes and specified their properties and
remaining didn’t have property in their names.
Figure D: Reader response whether they have any property or
yes
no
∗ Do you have any other loan, PL/Vehicle loan?

-----Most of the respondents(92%) have taken loan for various purposes like
car,education,equity,home and very few said no.(8%)
Figure E: response to take loans
yes
no
HDFC Home Loans

*what loan Pls, specify in which Bank you have taken ?

----Many of the respondents had taken loan in SBI Bank-65%,next 15%in
Allahabad bank,next 18%in PNB-Bank.Remaining 2%took loans from other
banks.
Figure F: Loans from different banks
OTHER
ALLAHABAD OTHERS
ALLAHABAD
PNB PNB
SBI
SBI
0 20 40 60 80
*What’s you feelings about Rate of interest of HDFC Home Loan - give
your view’s- (in compare to other Bank )
-----About 95% of the responders had positive view for HDFC and next 5%
had a negative response.
Figure G: Views for HDFC Home loans
120
100
80 negative
60
40 positive
20
0
positive negative
HDFC Home Loans

*How you get tax Benefit in interest as well as principal Component of

Loan – Please give your view: -
----About 85% of the respondents were benefited by HDFC interest rates but
rest 15% were not benefited by HDFC home loan interest rates.
Figure H: Views on benefits from HDFC Home loans
benefitted
not benefitted
HDFC Home Loans

Dear Respondent,
I am a student of College Seth Padamchand Jain Institute Of
Commerce,Business Mgmnt & Economics,Agra in our Summer Training we
are representing “HDFC HOME LOANS GORAKHPUR”
We are conducting a survey on “Comparative Analysis of Housing Finance
Company in India.”
1) Are you interested to take home loan?

a) Yes b) No
2) Do you know anything about housing loan ?
a) Yes b) No
3) Do you know about HDFC Home Loans?
a) Yes b) No
4) If yes, how did you come to know about HDFC Home Loans-
a) Advertisement
b) Website
c) Friends
d) Others
5) For which purpose you want to take housing Loans?
a) Construction b) Land Purchase
c) Equity (Loan Against Property) d) Improvement
6) How much you want to take?
a) Less then 5 lack
b) 5-10 lack
c) 10-15 lack
HDFC Home Loans

d) More than that

7) What’s your monthly income ?
a) 10,000 – 20,000
b) 20,000 – 30,000
c) 30,000 – 40,000
d) More then that 40,000
8) Do you have any property or immovable assets for giving security of
the loan?
a) Yes (Specify them) b) No
9) In which city /town / village you want to purchase your land /
construction your home.
Give Details: -
10)Do you have any other loan, PL/Vehicle loan?

a) Yes b) No
11)If yes, what loan Pls, specify in which Bank you have taken ?
a) SBI b) PNB
c) Allahabad d) any other
12)For which purpose, you have taken loans?
a) Car Loan b) Equity (Property Loan )
c) Education d) Home
e) Any other
13) How much you have taken ?
a)1 – 5 lack
b)5 – 7 lack
c)7 - 9 lack
d)More than that
HDFC Home Loans

14) What’s you feelings about Rate of interest of HDFC Home Loan - give
your view’s- (in compare to other Bank )
15) How you get tax Benefit in interest as well as principal Component of
Loan – Please give your view: -
16) Demographic Profile:

a) Name :
b) Date of Birth :
c) Marital Status : (i) Single
d) If Married, profession of Spouse:………………………………
….
e) No of depends in family :
HDFC Home Loans

Occupation Busines Self Service Professional Retired Others

s Employe
d
Monthly Below 10001 20001 – 30001- 40001 – Above
Income 1000 -20000 30000 40000 50000 50000
(Rs)
f) Address :
(i) Office (ii) Residence
g) Phone No.:
h) Mobile No.:
i) Email Id:
(Thank You For Your Co Operation And Time )
HDFC Home Loans

• http:/ /www hdfchomeloans.com
• http:/ /www axisbank.com
• http:/ /www sbihomeloans.com
• http:/ /www pnbhomeloans.com
• http:/ /www icicihomeloans.com
• http:/ /www canarahomeloans.com
• http:/ /www lichomeloans.com
• http:/ /www indiahousing.com
HDFC Home Loans

HDFC Bank Ltd.

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SPCJ Inst. Of Commerce & Business Economics.

Dr. NEERAJ GUPTA Krishna Jaiswal

HDFC Home Loans

Mr Deepak Parekh, Chairman, HDFC, and Mr K. M. Mistry, Managing Director

HDFC Home Loans

HDFC Home Loans

encouragement. My gratitude towards them is beyond accountabilities.

HDFC Home Loans

The present era is undoubtedly a management era. Management is an

HDFC Home Loans

*Features and Benefit

*Home Loan Rates

*HDFC Fund arrangement

*ICICI Home Loans

*SBI Home Loans

*PNB Home Loans

*CANARA Bank Home Loans

*AXIS Bank Home Loans

*IDBI Bank Home Loans

HDFC Home Loans

*LIC Home Loans

*HSBC Home Loans

*Recent Experiences in the housing finance :a

*Indian housing finance system

*Evolution & Role of National Housing Bank

*FM assures financial support to Central

HDFC Home Loans

- On October 17th HDFC was incorporated as a Public Limited Company.

- On November HDFC introduced HDFC Certificate of Deposit Scheme.

- 5,00,126 shares taken up by subscribers to Memorandum of

- During the year company introduced Loan Linked Deposit scheme,

HDFC Home Loans

- 5,00,000 Rights equity shares issued at par in prop. 1:2.

HDFC Home Loans

- The Home Loans Account scheme was to be launched in co-operation

- The Centre for Housing Finance unit proposed to design specific

- During the year Krditanstalt Fur Wiederauflau of Germany, sactioned

- During November, the company issued 13,77,500 equity shares of

HDFC Home Loans

- The Company negotiated a borrowing of US 100 million from IFC,

- To commemorate the beginning of the second decade the HDFC, it was

- Forfeiture on 970 No. of equity shares annulled. Issued 14,50,000 No. of

- 23,62,500 No. of equity shares allotted on conversion of `B' part of FCD.

- During the year, the Corporation signed a MOU with General

- The Corporation promoted the educational loan facility to provide

- As a joint venture in the GE capital (USA) HDFC promoted a consumer

HDFC Home Loans

- 17,86,400 No. of Equity shares of Rs 10 each issued on private placement

- The Corporation jointly promoted with State Bank of India (SBI) a

- During the year, the Singapore based property management company

- During the year company issued 50,00,000 - 12.5% Cumulative

HDFC Home Loans

- During the year corporation introduced Flexi-Rate Individual Housing

- 50,00,000 Cumulative Redeemable Non-convertible pref. shares redeemed

- Government of Rajasthan, Infrastructure Leasing and Finance Services

- The Housing Development Finance Corporation (HDFC), India's premier

- Countrywide Consumer Financial Services (CCFS), a joint venture

- Housing Development Finance Corporation Ltd. (HDFC) has approached

- The Housing Development Finance Corporation (HDFC) has tied up with

HDFC Home Loans

- Housing Development Finance Corporation (HDFC) has received LAAA,

- With a 56-per cent share, the Housing Development Finance Corporation