Académique Documents
Professionnel Documents
Culture Documents
A PROJECT REPORT ON
HDFC BANK IN LOANS DEPARTMENT
Academic Year
2011-2012
Submitted By
ARTI .V. SONAR
Roll no: 39
Project Guide
Prof. PANKAJ PUROHIT
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A PROJECT REPORT ON
HDFC BANK IN LOANS DEPARTMENT
Submitted
In partial fulfillment of the requirements
For the award of degree of banking & insurance
By
ARTI.V.SONAR
Roll no: 39
Project Guide
Prof: Pankaj Purohit
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DECLARATION
Signature of Student
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ACKNOWLEDGEMENT
Experience Is the Best Teacher
I would like to thank wholeheartedly, my Project Guide prof. Pankaj Purohit for
helping me continuously and for giving me moral support for preparing this
project.
It would be rather unfair on my part for not thanking my college, SHANKAR
NARAYAN COLLEGE.
Principal Dr. V.N.YADAV, coordinator Vivek Vankade for having shown their
continuous faith in me.
I am very grateful and would like to thank my Family and other Professors
of my college for having helped me day in and day out, I am also thankful to my
Friends for their continuous help in making the project
Lastly I feel greatly obliged and take the pleasure to thank to the Chairman, Shri. Rohidas
Patil, Shankar Narayan College, Thane for molding me into a management product.
ARTI.V.SONAR
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INDEX :
1. What is Bank 06
4. What is Loan 11
5. Types of Loan 12
1. New car loan
2. Health care loan
3. Education loan
4. Gold loan
5. Security loan
6. Personal loan
7. Home loan
8. Two wheeler loan
6. Questionnaire
62
7. Conclusion 65
8. Suggestions 66
9. Bibliography 67
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WHAT IS BANK:
A bank is a financial intermediary that accepts deposits & channels those deposits
into a lending activates, either directly or through capital markets. A bank connects
customer with capital deficits to customers with capital surpluses.
The oldest bank still in existence is Monte dei Paschid di Siena, headquartered in
Siena, Italy, which has been operating continuously since 1472.
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IIN
NTTR
ROOD
DUUC
CTTIIO
ONNT
TOOH
HDDF
FCCB
BAAN
NKK ::
HDFC Bank was amongst the first to receive an in-principle approval from the
Reserve Bank of India (RBI) to set up a bank in the private sector from Housing
Development Finance Corporation Limited (HDFC), in 1994 during the period of
liberalization of the banking sector in India. HDFC India was incorporated in
August 1994 in the name of HDFC Bank Limited. HDFC India commenced
operations as a Scheduled Commercial Bank in January 1995.
HDFC India deals in varieties of products like home loan, standard life insurance,
mutual fund, securities, credit cards, etc. HDFC has branch offices in all major
cities in India like Calcutta, Chennai, Delhi, Bangalore, Hyderabad, Ahmadabad
apart from HDFC Mumbai.
Headquarter HDFC Bank India :
Trade Star, 2nd floor, A Wing,
Junction of Kondivita and M.V. Road,
Andheri-Kurla Road,
Andheri (East), Mumbai 400 059.
Tel: (Board) 2822 0055 / 55516666 (Fax) : 2822 9998 / 2822 2414
Network: More than 468 branches over 212 cities across the country
ATMs: The ATMs of HDFC India can be accessed by all domestic and
international Visa/Master Card, Visa Electron/Maestro, Plus/Cirrus and American
Express Credit/Charge cardholders.
Authorized capital: Rs. 450 crore
Paid-up capital: Rs. 282 crore
Equity: Holds 24.2%
Listing: HDFC India has been listed on the Stock Exchange, Mumbai and the
National Stock Exchange. The banks American Depository Shares are listed on
the New York Stock Exchange (NYSE) under the symbol HDB.
HDFC Product Range
HDFC Bank India provides the following range of products:
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* Savings Account
* HDFC Bank Preferred
* Sweep-In Account
* Super Saver Account
* HDFC Bank Plus
* Demat Account
* HDFC Mutual Fund
* HDFC Standard Life Insurance
HDFC India innovative services
* HDFC Phone Banking
* HDFC ATM
* HDFC Inter-city/Inter-branch Banking
* HDFC Net Banking
* HDFC International Debit Card
* HDFC Mobile Banking
* HDFC Bill Pay
HDFC Bank Loans
* HDFC Personal Loan
* HDFC New Car Loan and Used Car Loan
* HDFC Loan against Shares
* HDFC Two Wheeler & Consumer Loan
* HDFC Home Loan
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Times Bank Limited (owned by Bennett, Coleman & Co. / Times Group) was
merged with HDFC Bank Ltd., in 2000. This was the first merger of two private
banks in India. Shareholders of Times Bank received 1 share of HDFC Bank for
every 5.75 shares of Times Bank.
In 2008 HDFC Bank acquired Centurion Bank of Punjab taking its total branches
to more than 1,000. The amalgamated bank emerged with a base of about Rs.
1,22,000 crore and net advances of about Rs.89,000 crore. The balance sheet size
of the combined entity is more than Rs. 1,63,000 crore.
BUSINESS FOCUS :
HDFC Bank deals with three key business segments. - Wholesale Banking
Services, Retail Banking Services, Treasury. It has entered the banking consortia
of over 50 corporate for providing working capital finance, trade services,
corporate finance, and merchant banking. It is also providing sophisticated product
structures in areas of foreign exchange and derivatives, money markets and debt
trading and equity research.
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Treasury:
Within this business, the bank has three main product areas - Foreign Exchange
and Derivatives, Local Currency Money Market & Debt Securities, and Equities.
These services are provided through the bank's Treasury team. To comply with
statutory reserve requirements, the bank is required to hold 25% of its deposits in
government securities. The Treasury business is responsible for managing the
returns and market risk on this investment portfolio.
Distribution network:
HDFC Bank is headquartered in Mumbai. The Bank has an nationwide network of
2000 branches spread in 996 towns and cities across India. All branches are linked
on an online real-time basis. Customers in over 500 locations are also serviced
through Telephone Banking. The Bank has a presence in all major industrial and
commercial centres across the country. Being a clearing/settlement bank to various
leading stock exchanges, the Bank has branches in the centres where the NSE/BSE
have a member base.
The Bank also has 5,998 networked ATMs across these towns and cities.
Moreover, HDFC Bank's ATM network can be accessed by all domestic and
international Visa/MasterCard, Visa Electron/Maestro, Plus/Cirrus and American
Express Credit/Charge cardholders.
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What Is Loan:
A loan is a type of debt. Like all debt instruments, a loan entails the redistribution
of financial assets over time, between the lender and the borrower.
In a loan, the borrower initially receives or borrows an amount ofmoney, called
the principal, from the lender, and is obligated to pay back or repay an equal
amount of money to the lender at a later time. Typically, the money is paid back in
regular installments, or partial repayments; in an annuity, each installment is the
same amount.
The loan is generally provided at a cost, referred to as interest on the debt, which
provides an incentive for the lender to engage in the loan. In a legal loan, each of
these obligations and restrictions is enforced by contract, which can also place the
borrower under additional restrictions known as loan covenants. Although this
article focuses on monetary loans, in practice any material object might be lent.
Acting as a provider of loans is one of the principal tasks for financial institutions.
For other institutions, issuing of debt contracts such as bonds is a typical source of
funding.
There are various kind of loan offered by HDFC Bank some of them are above:
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If you're thinking of buying a car, you need to look no further than HDFC Bank for
a car loan and assistance.
Small car?
Small car?
Or sheer luxury on wheels?
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Just decide on the make & model and our New Car Loan will bring it to your
driveway in no time. Our quick and easy car loans ensure that you don't waste time
on paperwork.
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No Income-Document Loan Plan: Now, you can get a car loan without
proof of income.
Under this scheme, you get the loan amount up to 60% of the car invoice
value.
The tenure of loan can be a maximum of 3 year.
100% Loan Plan with Fixed Deposit Lien: This allows you to take a loan
against your deposit at HDFC Bank.
You can get a loan for 100% of the invoice value amount with the required
margin placed as a fixed deposit in HDFC Bank.
Lein is marked on the specified Deposit .Installments can be paid separately
or out of the deposit (if the deposit is large enough).
NRI Loans: NRIs can avail of new car loans from HDFC Bank for the use of the
vehicles by their relatives in India. Additional documents required are as follows:
Contract copy and salary slip of NRI.
Endorsement on passport for last 3 years.
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Documents required:
Proof of Identity:- Passport copy, PAN Card, Voters Id car, driving
licence(Laminated, Recent, Legible).
Income Proof:- Latest salary slip with form 16.
Address Proof:- Ration card/Driving license/Voters card/passport
copy/telephone bill/ electricity bill/Life insurance policy PAN Card.
Bank statement Not Mandatory.
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Self Employed:
Eligibility Criteria:
Minimum age of Applicant: 21 years.
Maximum age of Applicant at loan maturity: 65 years.
Minimum employment: At least 3 years in business.
Minimum Annual Income: Net profit Rs. 60000 p.a for standard cars and
Rs.100000 p.a. for mid-sized and premium cars.
Telephone: Must at residence.
Documents required:
Proof of Identity:- Passport copy, PAN Card, Voters Id car, driving licence(
Laminated, Recent, Legible)
Income Proof:- Latest ITR.
Address Proof: - Ration card/Driving licence/Voters card/passport
copy/telephone bill/ electricity bill/Life insurance policy PAN Card.
Bank Statement:- Waived for small cars, for mid - sized and premium cars if
income Is greater than Rs. 1.5 lacs then bank statement requirement can be
waived.
Partnership Firms :
Eligibility Criteria:
Minimum Income: Net profit Rs. 60000 p.a for standard cars and
Rs.100000 p.a. for mid-sized and premium cars.
Minimum turnover: Turnover Rs. 4.5 lacs.
Telephone: One phone at least at business and at residence of the loan
executing partner.
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Documents required:
Proof of Identity:- NA.
Income Proof:- Audited balance sheet, Profit & Loss Account for latest two
years and the latest 2 years IT returns of the company.
Address Proof:- Telephone Bill/Electricity Bill/Shop & Establishment Act
certificate/SSI registered certificate/Sales Tax certificate.
Bank Statement:- Waived for small cars, for mid - sized and premium cars if
income Is greater than Rs 1.5 lacs then bank statement requirement can be
waived.
Eligibility Criteria:
Minimum Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000
p a for mid-sized and premium cars.
Minimum turnover: Turnover Rs 4.5 lacs.
Telephone: One phone at least at business premises.
Documents required:
Proof of Identity:- NA.
Income Proof:- Audited balance sheet, Profit & Loss Account for latest two
years and the latest 2 years IT returns of the company.
Address Proof:- Telephone Bill/Electricity Bill/Shop & Establishment Act
certificate/SSI registered certificate/Sales Tax certificate.
Bank Statement:- NA
Eligibility Criteria:
Minimum Income: Net profit Rs. 60000 p.a for standard cars and Rs.100000
p a for mid-sized and premium cars.
Minimum turnover: Turnover Rs 4.5 lacs.
Telephone: One phone at least at business premises.
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Documents required:
Proof of Identity:- NA.
Income Proof:- Audited balance sheet, Profit & Loss Account for latest two
years.
Address Proof:- Telephone Bill/Electricity Bill/Shop & Establishment Act
certificate/SSI registered certificate/Sales Tax certificate
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Loans Offered:
Asset / Medical Equipment Finance : For purchase of CT Scanners, Color
Dopplers, Sonography Machines, MRI, X-Ray Machines, and other medical
equipment.
Infrastructure Loan: For purchase of new premises for setting up of
Clinics, Diagnostic Centers and Hospitals.
Corporate Term Loan: To provide term loan for the functioning of the
Healthcare entity, hospital or clinic.
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Educational Loan :
With HDFC bank student education loans, pursue your dream higher studies
without worrying for financial assistance. We provide student education loans for
all Graduate, Post-Graduate, Engineering, Medical, MBA, Vocational Courses
(Multi-Media, ERP) offered by recognized institutions in India. No more running
from pillar to post for availing student loans! Our friendly sales managers will
guide you in every step to make your dreams into reality.
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Special Privileges:
Loans available for other course related expenses also!
Loans disbursed directly to the educational institution as Per the Fee
Schedule.
Insurance Protection from HDFC ERGO.
Gateway to Other Banking Products and Services.
Savings Account.
Eligibility:
You need to be a Resident Indian.
You should be aged between 16 - 35 yrs.
Collateral is required for all loans greater than Rs. 7.5 Lakhs.
All Loans require a co-applicant.
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Avail the subsequent disbursements from the convenience of your home. Keep the
following documents ready, our executive will collect the same from your door-
step for priority processing.
Documents Required:
Subsequent Disbursement Request Letter from Applicant or Co-Applicant.
University Fee Demand Letter.
Applicant's Academic Progress Report (Previous Semester).
Revised Repayment Instructions - PDCs / ECS / SI plus 3 security PDCs in
case of ECS and SI mode of repayment.
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With HDFC Bank student education loans, pursue your dream studies abroad
without worrying for financial assistance. We provide student education loans for
graduate, post-graduate, MBA, Medical, Engineering, Vocational courses offered
by recognized universities in abroad. HDFC Bank student education loans offers
plethora of other benefits such as "NRE Account, Special Pricing on Inward &
Outward Remittances, Travel & Health Insurance etc to let the student focus only
on his /her studies. No more running from pillar to post for availing student loans!
Our friendly sales managers will guide you in every step to make your dreams into
reality.
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Special Privileges :
Service at Your Door Step.
Loans disbursed directly to the educational institution as Per the Fee
Schedule.
Insurance Protection from HDFC ERGO.
Exclusive Offer on Other Banking Products and Services.
NRE- Savings Account.
Special Tariff on Telegraphic Transfers and Demand Drafts.
Student Travel Card.
Eligibility :
You need to be a Resident Indian.
You should be aged between 16 - 35 yrs.
Collateral is required for all loans greater than Rs. 7.5 Lakhs.
All Loans require a co-applicant.
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Let the gold add glitter to your life. Unlock the value of your gold while you
continue to own it.
With HDFC Bank's Gold Loan, you can get an instant loan against your gold
jewellery and ornaments. The procedure is Quick, Easy and Safe.
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Documents Required:
Proof of Identity (Passport Copy/ Voters ID card/ Driving License).
Address Proof (Ration card/ Tel, Electricity. Bill/ Rental Agr. / Passport
copy/Trade license /Shop & EST License. /Sales Tax certificate).
Signature Proof (Passport Copy/Driving License/Banker's
verification/cheque).
2 passport size photographs.
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Unlock the value of your Gold Jewellery while you continue to own it.
Get HDFC Bank's Overdraft against Gold Jewellery with flexible repayment
option and No EMI.
It is a simple overdraft facility with all the features of a bank account
So instead of keeping your jewellery in the locker, use the value of your asset to
meet your business or personal needs
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Features &Benefits :
Loan up to 70% of value
Loan up to Rs. 20 Lacs*
Attractive rate of interest
No monthly installments
Quick processing of loan
Simplified documentation
Interest charged only on utilization.
Additional Features:
Free personalized cheque book
Free International Debit Card
Free Net Banking, Phone Banking facility
Eligibility Criteria :
Resident Individuals
Hindu Undivided Families (Only HUF as borrower)
Sole Proprietor
Partnership Firms (Jewellery belonging to Partners / his family)
Private Limited Companies (Jewellery belonging to directors / his family).
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Documents Required :
Photo should match with the one on AOD/AOF and should be visible clearly on
the proof. Identity proof should be valid and not expired. Signature on the
signature proof should match with the signature on AOD/AOF. Address on the
address proof should match with the address on the AOF/AOD .All identity,
signature, address proof should be valid and not expired. All id proof should
mandatorily have name and photo. All address proof to have name and address. All
signature proofs to have the name and signatures and the unique number of the said
document.
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Receipt
28 Municipal/Corp/Panchayat/Tax Payment No Yes No
Receipt of last one year
29 Mobile post paid bill of public / private No Yes No
operators in the State.
30 Printed consumer gas connection card / No Yes No
book OR latest pipe gas bill.
31 Domicile certificate with communication No Yes No
address issued by Municipal Corporation.
32 Certificates issued by Mandal revenue No Yes No
officer. "Mandal Revenue Office " is
State Governing Body "based on this
"House Hold Card "are issued
33 Latest Credit Card Statement with CPV at No Yes No
the same address. Statement not more
than 2 months old
34 Address on Employers Letter Head, duly No Yes No
signed & stamped by appropriate
Authority and CPV done for Super A and
Cat A companies only. Letter should not
be more than 3 months old. Applicable
only for company provided
accommodation.
35 Insurance policy or premium receipts of No Yes No
the address in question. This includes Life
as well as Non Life insurance policies for
both Governments undertaking as well as
Private Operators.
36 SSI and Shops & Establishment Act No Yes No
Registration certificate may be accepted
provided the mailing address is the same
as the Shop / office / Factory & confirmed
by CPV.
37 House Allotment letter issued by the No Yes No
Central/State government authorities
mentioning the name and address of the
applicant.
38 Senior citizens card issued by the State No Yes* Yes**
/Central Govt. of India (*if it carries
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Charges on drawing in excess of Penal interest 18% p.a. plus tax on the
Limits (due to application of interest or amount drawn in excess of the Limit.
revaluation of portfolio under pledge) This will be calculated on a daily product
basis.
Important Note:
Monthly interest charge has to be
serviced in full by way of credit to the
Overdraft Account in the immediately
following month, failing which the
Accounts are liable to be classified as
NPA. In such cases, Bank will exercise
its right to sell / redeem the gold in the
market after providing reasonable notice
to Clients.
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* The contribution of single scrip should not exceed 65% of the total portfolio
value at any point of time during the tenure of the account. Loan is sanctioned as
per applicable internal policy of the Bank.
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"With effect from 1st Jan 2011, the interest rates in Loan against Securities (LAS)
A/cs are linked to Base Rate. Any movement in Base Rate of the Bank would have
a similar impact on the Rate of Interest in LAS A/c"
Shares can be pledged from any Depository (NSDL or CDSL) and any
Depository Participant across the country
Loan available to NRIs against Shares, Mutual Funds (equity, Debt, FMPs),
Insurance Policies, NSC, KVP.
To receive the overdraft amount, a Current Account with an overdraft limit
is created in your name. This entitles you to all the Current Account benefits
like FREE International Debit Card, FREE Phone Banking, FREE Net
Banking.
You must be a resident of India .On selected securities, loans can be given to
Hindu Undivided Families, NRIs, companies, sole proprietorship or
partnership firms(*Conditions Apply) .Loans cannot be given to minors,
Trusts.
You can pledge securities from the Bank's approved list only.
Approved Demat Shares.
Approved Mutual Funds (Equity, Debt, FMPs).
Gold ETF.
NABARD's Bhavishya Nirman Bonds.
RBI Bonds (8% Savings Bonds 2003 (Taxable).
Approved Life Insurance Policies issued by LIC.
Approved Life Insurance Policies issued by Select Private
Insurance Companies.
National Savings Certificates (NSC).
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Documents Required:
Proof of Identity
Signature Proof.
Address Proof.
Audited Balance Sheet, Profit & Loss Account for latest two years and latest
2 years IT returns in case of Companies/Proprietorships/Partnership firms.
The loan is granted only for personal purposes. Loan Amount cannot be
used for speculative activities or any purpose linked to capital market
activities or for any anti social purposes. All credit is at the absolute
discretion of HDFC Bank.
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Charges on drawings in excess of \Penal interest 18% p.a. plus tax on the
Limits ( due to application of interest amount drawn in excess of the Limit. This
or revaluation of portfolio under will be calculated on a daily product basis.
pledge)
Charges for realization of proceeds Rs. 100/- Per Certificate subject to a
on maturity in respect of RBI Bonds minimum of Rs. 250/- per request
Charges for collection of proceeds on Rs. 100/- per Policy, subject to a minimum
maturity/ survival benefit/ surrender of Rs. 250/- per request
benefits in respect of Life Insurance
Policies
Charges for collection of proceeds on Rs. 50/- per certificate subject to a
maturity of NSC / KVP minimum of Rs. 250/- and a maximum of
Rs. 1500/- per collection on maturity. In
case the securities have to be encased due
to default, charges will be Rs. 25/- per
certificate.
Rs. 500/- per instruction
Charges for realization of proceeds
on maturity in respect of Fixed
Maturity Plans (FMPs)
Sale of security in the event of All brokerages, transaction charges and
default other levies as per actual
Legal & incidental charges As per actual.
Cheque Book Charges Upto 100 Cheque leaves issuance FREE
per month. Additional cheque leaves
during the month will be charged @ Rs. 2/-
per leaf
TRF Processing Charges Rs.10/- Per TRF
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Personal loans:
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Credit Shield :
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* Premium will be charged for both these products which will be deducted
from the loan amount at the time of disbursal. A transaction fee of Rs.750
will also be deducted at the time of disbursal. Additionally, Service tax @
10% and Education cess of 3% will be charged.
Salaried Individuals.
Self employed (Professionals).
Self Employed (Individuals).
Self Employed (Pvt Cos and Partnership Firms).
Eligibility Criteria :
Mnimum age of Applicant: 21Years.
Mnimum age of Applicant at loan Maturity: 60 Years.
Mnimum Employment: Mnimum 2 Yrs in Employment & Mnimum 1Year
in current Organization.
Minimum net monthly income Rs.10, 000 per month (Rs. 15,000 in
Mumbai, Delhi, Bangalore, Chennai & Hyderabad & Rs. 12,000 in
Calcutta, Ahmadabad & Cochin.
Document Required :
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Eligibility Criteria :
Mnimum age of Applicant: 25Years.
Mnimum age of Applicant at loan Maturity: 65 Years.
Mnimum Annual Income: Rs. 100000 p.
Year in business: 4 to 7 years depending on profession.
Documents Required :
Proof of identity (Passport Copy / Voters ID card / Driving License).
Address Proof (Ration card Tel/ elect. Bill/ Rental agr./Passport copy /
Trade license/Est./Sales tax certificate).
Bank Statements (latest 6 months bank statement /pass book.)
Latest ITR along with computation of income , B/S & P&L a/c for the last
2yrs. certified by a CA.
Qualification proof of the highest professional degree.
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Stamp Duty & other statutory As per applicable laws of the state
charges
Credit assessment charges Not applicable
Non standard repayment charges Not applicable
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Home Loan :
A two-bed apartment?
HDFC Bank brings HDFC home loans to your doorstep. Over 3 decades of
exclusive experience, a dedicated team of experts and a complete package to meet
all your housing finance needs, HDFC Home Loans, help you realize your dream.
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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.
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.
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.
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Home Loan PLR for eCBoP floating rate loans has been changed since 2008 as
follows :
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100 CC?.
180 CC?
Or maybe a 500 CC?
Super-Bike Finance scheme now available for Harley Davidson Motorcycles.
For more details of the scheme, SMS <TWL> to 5676712 or write to
tw.support@hdfcbank.com.
Whichever the bike, our Two Wheeler loan is the answer. With quick
approvals, flexible payment options and easy repayment - we'll help you buy
the bike you desire.
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Eligibility Criteria :
You are a salaried or self-employed individual.
You are between =>21 years (at the time of application) and <= 65 years (at
the end of the loan tenor).
Your minimum gross income is equivalent to Rs. 54,000/- p.a. if you reside
in Mumbai, Delhi, Chennai, Bangalore, Calcutta, Pune and Rs. 42,000/- p.a.
for all other cities.
You have been residing for at least 1 year in the city.
At least 1 year at the given residence address (In case of transfer from other
location with less than 1 year at current location - please provide relevant
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Documentation Required:
Applying for a Two Wheeler Loan is absolutely simple.
All you need is:
Proof Of Identity : Any one of Passport Copy/ Photo Credit card- front
& reverse/ Voters ID card/ Driving License/ PAN card/ Copy of Company
ID card of MNC/ Public Ltd./ PSU/ Govt. company/ Ration Card (If Photo
is given).
Address Proof : Any one of Passport Copy/ Voters ID card/ Driving
License/ Rental agreement/ Telephone Bill/ Electricity bill/ Gas Connection
Bills/ Ration Card/ Sale deed/ Property purchase agreement/ Credit Card
billing statement (latest)/ LIC policy/ Letter from Company or Company
provided Accommodation (List of the company's as per the Banks List- ID
card of MNC/ Public Ltd.,/ PSU/ Govt. Company Containing the residence
address), Address proof in the name of the applicant's Spouse or parents
name is acceptable.
Income Proof For Salaried : Latest Salary slip for Govt. employees; If
Salary slip is not available, Only salary certificate to be accepted with
deductions, For Partnership/ Proprietary firms & Pvt. Ltd. Co's- Salary
Certificate to be accepted with the following mitigants: Salary Certificate to
clearly state the deductions, Name & Designation of the authorized
signatory. For Self-Employed - Copy of the latest I. T. return.
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