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A PROJECT REPORT
ON
Submitted by
SHAMILKUMAR.Y.H.
Reg No’s: MBA/08/16
2009-2010
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Certificate
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INSTITUTE OF MANAGEMENT STUDIES
DECLARATION
submitted by me. Under the guidance of Rohit. C. Kalaskar Sec Gen &
original work and has not been submitted earlier to any other
Institution.
The report is for the fulfillment of the Third Tri-semester MBA. The
HUBLI.
Signature
SHAMILKUMAR.Y.H
Place: HUBLI
Date: 17 /08/2009
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INSTITUTE OF MANAGEMENT STUDIES
ACKNOWLEDGEMENT
people who have really put their effort to make my project successful and worthwhile.
project in their company but also helped me a lot, For their kind support and information
required for the fulfillment of this project successfully whose guidance has made me to
And I sincerely thank to all the Faculty members, Respondents, who have spared their
valuable time and have provided all the information required by me.
Lastly I take this opportunity to thank again the person behind the curtain Prof.
Rohit .C. Kalaskar. whose guidance has made me to learn something valuable and gain
some experience and learning about the subject and its practicality. His concepts and
practical exposure helped me a lot and it was great pleasure and honor working under
him.
By: SHAMILKUMAR
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INSTITUTE OF MANAGEMENT STUDIES
TABLE CONTENTS
o Introduction
o Methodology
o Data collection
o Findings
o Consumer satisfaction
o Data analysis
o Questionnaires
o Conclusion
o Reference
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INSTITUTE OF MANAGEMENT STUDIES
Introduction and
schemes of study
Introduction:-
A personal loan is a sum of money that an adult person borrows to meet his
personal debt help provide funds to purchase that dream boat or car, pay for
help answer any and help you get the relief you seek. Once you receive your
money it is yours for whatever purpose you need. It is important that you
pay back the money on the date set by your assigned lender. By making the
process safe and easy many people are able to get the funding they need with
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no trouble. Personal Loans strives to match you up with a lender who will
look out for your needs. This is why we are on top of our.
aspects of the payday loan process. Providing a safe process can really put
the customer at ease. There are enough hassles each day that can surround a
person.
What are personal Loans and how are they different from other:-
Many times you would have experienced financial crisis. During such events
These kinds of loans which are available in banks and other financial
Your credit history etc Have a look at more on personal loans from this
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• How one can avail personal loans?
A personal loan is a sum of money that an adult person borrows to meet his
personal debt help provide funds to purchase that dream boat or car,
individual can think of. Personal loans are often the most preferred type of
• Unsecured Loans
Both these options are linked to the choice that one can use
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• This sort of guaranteed personal loans is easily available on account
pending.
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3. Since the loan has been secured by pledging the assets of the
Their easy availability is another factor. Very few loan applications for
secured loans are turned down; since the loan would be secured on the
Secured Loan?
• In such a loan, the sum of money given by the bank or by the financial
• Apart from this, the lender also conducts a thorough check on the
• While the loan amounts can extend anywhere between 500 and 25,
0000 pounds, the rates of interest are higher account of the risks
involved.
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• These sorts of loans are usually reserved for tenants, for those persons
who do not own homes, and for those who are not in any position to
• In case of default on the part of the borrower, then the lender would
have no option but to resort to the clauses of the credit agreement, and
Top of Form
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Tips on the Personal Loan Process:-
Paying back your personal loan is so important. If you are confused on the
date of repayment, take the time to confirm it with your lender. Make sure
they give you a specific date! You also need to make sure you know all the
rules the lender might have. If you take time and read through the rules they
set out, you will have a better chance of completing this process as they see
fit. When in doubt, just take your time and get answers to all the questions
you might have. Your lender will be happy you are trying to get this process
right.
two times of the previous years and due this the life style has changed
people use to live high standard of living and attracted to glamorous life.
proper utilization of money and time took place in people mind so they are
taking the loans throw banks. Banks are trying to provide good service to the
customer here this study gives an idea about the customer satisfaction of
Personal loans. Today’s the world the personnel loan is so much required
because most of the people are come from middle class family but they also
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want fulfill there dreams and they want personnel loan because they want
satisfied life.
only be hassle free but it should be able to meet new challenges posed by the
technology and any other external and internal factors. For the past three
has reached even to the remote corners of the country. This is one of the
main reasons of India's growth process. Not long ago, an account holder had
to wait for hours at the bank counters for getting a draft or for withdrawing
his own money. Today, he has a choice. Gone are days when the most
efficient bank transferred money from one branch to other in two days. Now
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This survey helps the researcher to understand that the technology in
The personal loan is often borrowed to meet the unforeseen expenses .But if
you have the habit of using personal loans to meet needless expenses you are
at risk .If the expense can wait till you get the required amount on your own
then what is the need of personal loan The article throws light on factors to
be kept in mind while going personal loan way. This article covers
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• Types of personal loans
Here are some very simple personal loans tips that would help you make an
could get it from. The First Question you should be really asking yourself is:
If you can avoid it, then don't take the monkey on your back!
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• Loan repayment term( in months or years)
fees.
In other words, you are buying a sum of money for more than it would cost
the lender. It would be a mistake to consider only the rate of interest before
taking a personal loan. There are also arrangements fees and penalties of
prepayment that you would have to consider. Many of the "no-fee" credit
lines carry with them a prepayment penalty. This is the way the
lender/broker makes his profit. Please work out the total expenses of your
small or big personal loan before signing up for the loan agreement.
Personal Loans are of various types, mainly Secured Personal Loans and
METHODOLOGY:
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From 2 sources data can be collected
⇒ External sources.
⇒ Internal sources.
Primary data
Secondary data
and Maxine’s.
(Judgmental)
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ANALYSIS OF DATA (TOOLS):-
The data and information obtained from the respondents are put into sp
sform. Then the data is been organized in such a way that they would yield
specific results to the objective of the study. The data is organized in the
tally.
Marks and various charts, graphs & pie charts that will help to have
overview of the fact and figures. All the work is done under the data, which
is collected, form the respondents. From the process data the research loudly
If you are indecisive about getting a personal loan, then you probably need a
guide to help you choose the best loans whether secured or unsecured one.
The article enlightens you about the personal loan buying guide .Take a look
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• Glossary of a personal loan buying guide In case you require
pay for a vacation or for purchasing a car, opting for the ideal personal
Loans or unsecured personal loans, and acting as your personal loan guide.
Credit, so you may get approval for a loan, despite having declared
earlier.
Types of Loans:-
One of the key distinctions between the different types of personal loans is
the security that the lender requires. By security we refer to the collateral
that is offered to the bank in order to secure the loan. If you default in your
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repayment schedule, the lender reserves the right to take hold of the
collateral and seize it so that he may repay the loan. Top quality collateral
would reduce the risk to the lender, who would therefore be offering the
personal loan at a much lower rate of interest. We find that individuals who
usually find it difficult to obtain a personal loan, without having to first offer
Unsecured Loans:-
approval.
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exclude a particular purpose- for example, starting a business.
Secured Loans:-
But other assets are also accepted. Home equity is the nothing but the
difference between the total value of your house, and the amount of
collateral, you are putting it at risk, if you fail to make your loan
collateral.
• The loan could be used for almost any purpose, however, and is very
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INSTITUTE OF MANAGEMENT STUDIES
include: -
• Banks who disburse these short term personal loans, usually insist on
• Both banks and financial companies have limits to the amount of loan
unexpected money crisis. This is where a fast cash advance loan comes in
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• Very alike a bank loan-only cash advances are for a shorter term, and
Data analysis:-
Consumer satisfaction
0.7
0.6
0.5 Series4
0.4 Series3
0.3 Series2
0.2 Series1
0.1
0
1 2 3 4 5
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which bank do you
have account
ICICI
HDFC
1
2
3
4
5
Service providing:-
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0.5
0.4
Series1
0.3
Series2
0.2 Series3
0.1 Series4
0
1 2 3 4 5 6
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Sample size was 100
I feel this small size cannot represent the whole consumer’s opinion
Consumer satisfaction:-
• Now there are lots of private loan lenders willing to lend at a decent
rate of return.It is said that borrowing loans from private lenders is often
providers .This article helps you to choose the best loan provider on your
own .This article brings to lightOnce the borrower has built a track record
of repayments on not only one, but on several of these types of loans, the
repay, and would have usually no hesitation in funding him money for
good projects that establish safe margins for him, and once the borrower
demonstrates his ability to make timely payments, the sky is the limit
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with regard to procuring funds for various financial projects.
the borrower's ability to choose the right sort of project for funding and
Other private lenders may also contact him and express an interest in his
Conclusion:-
Because they are not having more legal procedure which must
In this survey we got that more people are from middle class, they want
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INSTITUTE OF MANAGEMENT STUDIES
Questionnaires
1) YES
2) NO
1) Yes
2) No
1) ICICI
2) IDBI
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5) Which bank has less documents for personal loan?
1) ICICI
2) HDFC
1) ICICI 2) IDBI
1) Single
2) Multiple
1) Insurance policies
2) Land
3) Gold
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DEMOGRAPHICS
NAME: -----------------------------------
GENDER: -----------------------------
AGE: ------------------------------------------
QUALIFICATION: ---------------------------------------
PROFESSION: ----------------------------------------------
MONTHY INCOME: ---------------------------------
PHONE NO: -----------------------------------------
EMAIL ID: --------------------------------------------
Reference
Internet
www.google.com
www.yahoo.com
www.rediffmail.com
News papers
Business line
Deccan Herald
The Hindu
Books
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Magazines
THANK YOU
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INSTITUTE OF MANAGEMENT STUDIES
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