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The banking industry is the lifeline of any modern economy. It is one of the
important financial pillars of the financial system, which plays a vital role in the
success/failure of an economy. The banking system is the fuel injection system that
spurs economic efficiency by mobilizing savings and allocating them to high return
investment.
The Indian banking can be broadly categorized into nationalized, private banks
and specialized banking institutions. The Reserve Bank of India acts as a
centralized body monitoring any discrepancies and shortcoming in the system. It is
the foremost monitoring body in the Indian financial sector. The nationalized
banks (i.e. government-owned banks) continue to dominate the Indian banking
arena. Industry estimation indicates that out of 274 commercial banks operating
in India, 223 banks are in the public sector and 51 are in the private sector. The
private sector bank grid also includes 24 foreign banks that have started their
operations here. Under the ambit of the nationalized banks came the specialized
banking institutions. These co-operatives, rural banks focus on areas of
agriculture, rural development etc.
Paradigm Shift:
supervisory authority has been to maintain financial stability without curtailing the
incentive to innovate.
The Indian banking saw dramatic changes in the last decade or so ever
since the advent of liberalization and India’s integration with the world economy.
These economic reforms and the entry of private players saw nationalized banks
revamp their service and product portfolio to incorporate new, innovative
customer-centric schemes. The Indian banking finally woke up to the surging
demands of the ever-discerning Indian consumer. The need to become highly
customer focused (generated by high competitive levels) forced the slow-moving
public sector banks to adopt a fast track approach.
Taking a leaf out of the private sector banks, the public sector banks too
went for major image changes and customer friendly schemes. These customer
friendly programs included revamping of the product and service portfolio by
introducing new product & service schemes (like credit cards, hassle-free housing
loan schemes, educational loans and flexi-deposit schemes) integration of the
branch network by using advance networking technology and customer
personalization programs (through ATMs and anytime banking etc.).
Marketing and brand building programs were also given a new thrust in the new
liberalized banking scenario. To meet the personalized needs of the customer and
in order to differentiate its services, banks repositioned themselves in specialized
fields, like housing loans, car finance, educational loans etc. to optimally services
to the customer.
1. Retail financing
2. Commercial financing
3
Project finance
The entire banking finance can be classified as retail financing and commercial
financing (corporate financing). Retail financing means lending to individuals,
which currently is the bread and butter of the banks. Here the risk is spread over a
number of individuals. The increase in the purchasing power and changing life
styles are giving impetus to this. On the other hand, commercial financing means
lending to companies. Companies were provided credit for different aspects of
business. The NBFC’s are leading in this type of finance
Retail financing
Banks are fundamentally in the business of lending. But until recently in India,
with almost no incremental demand for loans from corporate, banks had to be
content with investing depositors’ money in government bonds (gilts). The only
other profitable investment opportunity was lending to small customers. Whether
it was loans to buy durables, two-wheelers, car or homes, retail lending was the
most promising game in town. Retail lending is now not an option but an
imperative. The margins are better in retail, plus the risks get spread out over a
basket of borrowers. It’s a growth area with tremendous scope.
Commercial financing
The commercial financing model in Indian banking can be broadly categorized into
project finance and working capital finance. These two segments form the pivot
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around which banks operate. Various requirements of the businesses are served
through this type of finance.
Project finance
projects. These loans are disbursed after the approval from the banks’ core credit
validating committee. In India, there are 11 national level land 46 state levels
financial and investment institutions that cater to long term funding requirements
of the industry. The project finance segment is highly competitive with various
players offering innovative schemes to entice corporate.
Working capital loans are tailored to suit the precise requirements of the client, in
any of the various instruments available or structured as a combination of cash
credit, demand loan, bill financing and non-funded facilities. The bank’s
accomplished credit crew will gauge the credit needs of each client and frame the
exact solutions. Working capital finance limits are normally valid for one year and
repayable on demand. Specific, self-liquidating loans are linked to the natural
tenor of the transaction (bill finance, export credit etc.).
Future challenges
The three C’s
The four transitions to be made
The three C’s
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Capital: Most Indian banks now have adequate capital. They however, need large
extra capital to grow in future. The big issue is whether the government or
domestic equity investors can do the job (Or) is foreign money needed at once.
Credit: Banks have fought shy of lending to the commercial sector till recently.
Now credit is picking up. But with the best companies using internal cash or
borrowing abroad, can banks tap new clients profitably-especially farmers and
small and medium enterprises
Consolidation: Indian banks have to merge if they are to face up to foreign
competition. That’s what government wants. However, these mergers should be
driven by market logic rather than government fiat. Size alone will not be the
panacea.
Future opportunities
• Venture capital finance
• Consumer credit finance
• Micro finance
The major growth is going to be mostly in venture capital finance and
consumer credit, especially in micro finance. Some of the emerging financial
opportunities for the banks are:
Venture capital finance
Venture capital is known as the capital investment in a start-up enterprise,
which carries highest element of risk and uncertainty. Venture capital is one of the
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But who brings the capital is of less importance. If it’s foreign banks and
investors, then so be it. Hence the rising enthusiasm to bring down the
government’s stake in listed public sector banks.
Title
A case study of Credit appraisal mechanism and Credit risk evaluation at ICICI.
Aim of project
OBJECTIVES
To study and understand credit appraisal, sanction, monitoring mechanism and
explore the causes leading to NPA’s.
The need of the study to know the techniques that are applied in ICICI bank
for appraisal of credit and reduce the risk of default.
SCOPE OF STUDY (Boundary of the study):
PERIOD OF STUDY
The period of study is limited for 1 year of Company details.
SOURCES OF DATA:
The data is collected from both primary and Secondary method.
TECHNIQUES
1) Loan to value (LTV)
2) Fixed Obligation on to Income Ratio (FOIR)
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LIMITATIONS
Confidential information of the organization cannot be disclosed as the
matter of policy of organization.
As the project was limited for only two months, in-depth analysis of each
subject could not be done.
The project is limited to the data provided by company.
Conclusion
The Indian banking has come from a long way from being a sleepy business
institution to a highly proactive and dynamic entity. This transformation has been
largely brought about by the large dose of liberalization and economic reforms that
allowed banks to explore new business opportunities rather than generating
revenues from conventional streams (i.e. borrowing and lending). The banking in
India is highly fragmented with 30 banking units contributing to almost 50% of
deposits and 60% of advances. Indian nationalized banks continue to be the major
lenders in the economy due to their sheer size and penetrative networks which
assures them high deposit mobilization.
Indian banks have three things before the advent of another round of reforms.
First, they will have to strengthen their capital base. Second, they will have to
improve their operating efficiency since high intermediation costs remain a big
problem in India. Third, they will have to target new business opportunities that lie
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beyond the bread and butter business like working capital and trade finance:
personal financial services, treasury and risk management. They have to keep
capital to cover three types of risks: Credit risk, Market risk and operational risk.
So, every thing from loan default to computer fraud has to be taken into account.
And credit risk has to be dealt more sophisticatedly.
The biggest benefit that government has to do is to implement credit risk
transfer mechanism. The thrust for new markets, where there is a huge gap of
demand and supply will make the banks to be imperative to be competitive and
assertive by being attentive. At the same time, banks have to be professional in
their approach. Already there are complaints about some companies for creating
an environment of financial terrorism. This kind of approach will only lead to
financial earthquake
COMPANY PROFILE
Overview
ICICI Bank is India's second-largest bank with total assets of about Rs.
2,513.89 bn (US$ 56.3 bn) at March 31, 2007 and profit after tax of Rs. 25.40 bn
(US$ 569 mn) for the year ended March 31, 2007 (Rs. 20.05 bn (US$ 449 mn) for
the year ended March 31, 2006). ICICI Bank has a network of about 614 branches
and extension counters and over 2,200 ATMs. ICICI Bank offers a wide range of
banking products and financial services to corporate and retail customers through
a variety of delivery channels and through its specialized subsidiaries and affiliates
in the areas of investment banking, life and non-life insurance, venture capital and
asset management. ICICI Bank set up its international banking group in fiscal
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2002 to cater to the cross border needs of clients and leverage on its domestic
banking strengths to offer products internationally. ICICI Bank currently has
subsidiaries in the United Kingdom, Russia and Canada, branches in Singapore,
Bahrain, Hong Kong, Sri Lanka and Dubai International Finance Centre and
representative offices in the United States, United Arab Emirates, China, South
Africa and Bangladesh. Our UK subsidiary has established a branch in Belgium.
ICICI Bank is the most valuable bank in India in terms of market capitalization.
ICICI Bank's equity shares are listed in India on the Bombay Stock
Exchange and the National Stock Exchange of India Limited and its American
Depositary Receipts (ADRs) are listed on the New York Stock Exchange (NYSE).
offering a wide variety of products and services, both directly and through a
number of subsidiaries and affiliates like ICICI Bank. In 1999, ICICI become the
first Indian company and the first bank or financial institution from non-Japan
Asia to be listed on the NYSE.
ICICI Bank offers wide variety of Loans Products. Coupled with convenience of
networked branches/ ATMs and facility of E-channels like Internet and Mobile
Banking.
Home Loans
ICICI is No. 1 Home Loans Provider in the country, Loans offers some
unbeatable benefits to its customers - Doorstep Service, Simplified
Documentation and Guidance throughout the Process.
Car Loans
ICICI the No 1 financier for car loans in the country. Network of more than
1500 channel partners in over 780 locations. Tie-ups with all leading
automobile manufacturers to ensure the best deals. Flexible schemes &
quick processing. Hassle-free application process on the click of a mouse.
Range of services on existing loans & extended products like funding of new
vehicles, refinance on used vehicles, balance transfer on high cost loans, top
up on existing loans, Extend product, working capital loans & other banking
products.
ICICI offers competitive interest rates from the No 1 Financier for Two
Wheeler Loans in the country. Finance facility up to 90% of the On Road
Cost of the vehicle, repayable in convenient repayment options and
comfortable tenors from 6 months to 36 months .
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Risk
However, for banks and financial institutions, credit risk is the most important
factor to be managed. Credit risk is defined as the possibility that a borrower or
counter party will fail to meet its obligations in accordance with agreed terms.
Credit risk, therefore, arises from the banks' dealings with or lending to a
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Managing risk is increasingly becoming the single most important issue for the
regulators and financial institutions. These institutions have over the years
recognized the cost of ignoring risk. However, growing research and improvements
in information technology have improved the measurement and management of
risk. It’s but natural therefore, capital adequacy of a bank has become an important
benchmark to assess its financial soundness and strength. The idea is that banks
should be free to engage in their asset-liability management as long as a level of
capital sufficient to cushion their potential losses backs them. In other words,
capital requirement should be determined by the risk profile of a bank.
CREDIT RISK
Credit Risk of the Bank is made up of the concentration risk in its portfolio
and the intrinsic risk from individual credit exposures in the portfolio. The credit
risk of the Bank’s portfolio is dependent on factors external and internal to the
Bank. The external factors being the state of the economy, volatility in
commodity/equity prices, foreign exchange rates, interest rates, trade restrictions,
economic sanctions, government policies, etc. The internal factors are in the nature
of deficiencies in appraising, approving and managing individual credits,
deficiencies in or non-compliance with credit policies / process / limits, inadequate
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Thus credit involves not only funds outgo by way of loans and advances and
investments, but also contingent liabilities. Therefore, credit risk should cover the
entire gamut of an organization’s operations whose ultimate ‘loss factor’ is
quantifiable in terms of money
Credit risk is most simply defined as the potential that a bank borrower or
counter party will fail to meet its obligations in accordance with agreed terms. The
goal of credit risk management is to maximize a bank's risk-adjusted rate of return
by maintaining credit risk exposure within acceptable parameters. Banks need to
manage the credit risk inherent in the entire portfolio as well as the risk in
individual credits or transactions. Banks should also consider the relationships
between credit risk and other risks. The effective management of credit risk is a
critical component of a comprehensive approach to risk management and essential
to the long-term success of any banking organization.
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a.) Direct Lending Risk - The risk that actual customer obligations will not be
repaid on time. This occurs in products ranging from advances / overdrafts to bills
discounting. It exists for the entire life of the transaction.
b.) Contingent Lending Risk - The risk that potential customer obligations will
become actual obligations and will not be repaid on time. This risk occurs in
products like Letters of Credit and Guarantees and exists for the entire life of the
Transaction.
c.) Issuer Risk - The risk that the market value of a security or other debt
instrument that the Bank intends to hold for a short period of time may change
when the perceived or the actual credit standing of the issuer changes, thereby
exposing the Bank to a financial loss. It also occurs in underwriting and
distribution activities, when the Bank commits to purchase a security or other debt
instrument from an issuer or seller, and there is a risk that the Bank may not be
able to sell the instrument within a predetermined holding period to an investor or
purchaser. In this event, the Bank is exposed to direct lending risk and unintended
price risk as the holder of the instrument.
d.) Pre-settlement Risk - The risk that a customer with whom the Bank has
reciprocal agreement may default on a contractual obligation before settlement of
the contract. The risk is ideally measured in terms of the current economic cost to
replace the defaulted contract with another (known as current mark to market -
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CMTM), plus the possible increase in the economic replacement cost due to future
market volatility (known as the Maximum Likely Increase in Value -MLIV). As a
proxy, this risk is often calculated as a specified percentage of the contractual
obligation or using volatilities based on historical data/ simulations, etc
e.) Settlement Risk - This risk occurs when the Bank simultaneously exchanges
value with counter-party for the same value date and the Bank is not able to verify
that payment has been received until after the Bank has paid or delivered the
Bank’s side of the transaction. The risk is that the Bank delivers but does not
receive delivery and therefore, is exposed to direct lending risk.
f.) Clearing Risk - This occurs when the Bank simultaneously acts on the
customer’s instructions to transfer or to order the transfer of funds before the Bank
is reimbursed.
c.)Issuer Risk - The risk that an individual, company, bank, etc., may be unable
to repay its debts.
Risk Management does not aim at risk reduction. Risk Management enables banks
to bring their risk levels to manageable proportions without severely reducing their
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income. It enables a bank to take the required level of exposures in order to meet
its profits targets. This balancing act between the risk levels and profits needs to be
well planned.
• Implementation of strategy
• Risk Identification
• Risk control
The key components identified with each risk area normally comprises of:
1.Managerial Risk
• Experience
• Professionalism in management
• Capacity utilization
3.Commercial Risk
4.Financial Risk
In addition to these risks factors that are somehow measurable there may be some
“passive risk” which entails risk or loss arising from crime, errors, frauds omission/
negligence, damage of assets or business interruptions etc.
The factors stated above are illustrative and not exhaustive. However, to make
the process simple and practicable at field level many banks have devised credit
scoring/ risk rating on selected parameters. Further, all the parameters are not
truly objective. Some of them are objective. Some of them are subjective.
Accordingly, in order to instill objectivity in the assessment, all the parameters
need to be quantified against a benchmark or a scale (say 0-6) depending upon
pre-defined range of variation from the benchmark or degree of attributes.
reveals degree of risk in the unit and it helps the bank in the following aspects:
The higher the aggregate credit score, the better is the credit worthiness and lesser
is the risk. Accordingly, interest rate becomes higher with decline in score. The
scoring reviewed with each annual review of the account.
a) Risk friendly
b) Risk averse
c) Pay-off oriented / gambling and
d) Conservative / continuity oriented
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Risk Control: Risk is inherent in all lending decisions and cannot be eliminated
completely. But control of the impact of risk in unfavorable situations can be
understand in the business
• Every bank should have a credit risk policy approved by the board. The
document should include Risk identification, risk measurement, risk
grading/ aggregation techniques, reporting and risk control/ mitigation
techniques, documentation, legal issues and management of problems
loans.
For controlling credit risk, Corporate Risk will, with the approval of the Board,
establish suitable credit policies and procedures. The credit policies and processes
will spell out the prudential exposure ceilings, the quantum and nature of exposure
that can be taken on a borrower, the credit
• standards that a credit should meet, the appraisal, approval & monitoring
systems to be followed, the pricing & security framework of a credit, the
remedial actions to be taken, etc., in managing credit.
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• Corporate Risk along with Corporate Banking and the Branch Heads will
ensure compliance, by all concerned functionaries, with these policies in
order to inculcate a sound credit risk management attitude. Aggregate
credit risk will be contained within the risk appetite of the Bank. The Bank
will price an exposure and set aside loan loss reserves appropriate to the
expected loss from the credit risk position assumed. It will maintain
adequate capital to cushion the estimated unexpected loss for that risk
position.
• The policies and procedures will be in keeping with the growth strategy,
changing business conditions, the structure and needs of the organization
and the Bank’s appetite for risk. These policies and procedures will be
implemented consistently and conservatively and will ideally envisage an
annual review.
For most banks, loans are the largest and most obvious source of credit risk;
however, other sources of credit risk exist throughout the activities of a bank,
including in the banking book and in the trading book, and both on and off the
balance sheet. Banks are increasingly facing credit risk (or counterparty risk) in
various financial instruments other than loans, including acceptances, interbank
transactions, trade financing, foreign exchange transactions, financial futures,
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• Identify measure, monitor and control the credit risk of the Bank.
• Ensure that the credit granting function conforms to the strategy, policy and
limits set by the Board and that the role-responsibilities for line
management are clearly spelt out.
Keeping in view the foregoing, a bank should have the following in place: -
2. Sound procedures to ensure that all risks associated with requested credit
facilities are promptly and fully evaluated by the relevant lending and credit
officers.
5. Efficient and effective credit approval process operating within the approval
limits authorized by the Boards.
Principle 1
Principle 2
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Principle 3
Principle 4
Principle 5
Principle 6
Principle 7
Principle 8
Principle 9
Principle 10
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INTRODUCTION
Risk is an inherent part of ICICI Bank’s business, and effective Risk Compliance &
Audit Group is critical to achieving financial soundness and profitability. ICICI
Bank has identified RISK COMPLIANCE & AUDIT GROUP as one of the core competencies
for the next millennium. The Risk Compliance & Audit Group (RC & AG) at
ICICI Bank benchmarks itself to international best practices so as to optimise
capital utilisation and maximise shareholder value. With well defined policies and
procedures in place, ICICI Bank identifies, assesses, monitors and manages the
principal risks:
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The ability to implement analytical and statistical models is the true test of a risk
methodology. In addition to three departments within the Risk Compliance &
Audit Group handling the above risks, an Analytics Unit develops quantitative
techniques and models for risk measurement
Credit risk, the most significant risk faced by ICICI Bank, is managed by the
Credit Risk Compliance & Audit Department (CRC & AD) which evaluates
risk at the transaction level as well as in the portfolio context. The industry analysts
of the department monitor all major sectors and evolve a sectoral outlook, which is
an important input to the portfolio planning process. The department has done
detailed studies on default patterns of loans and prediction of defaults in the
Indian context. Risk-based pricing of loans has been introduced.
During the year, the department has been instrumental in reorienting the credit
processes, including delegation of powers and creation of suitable control points in
the credit delivery process with the objective of improving customer response time
and enhancing the effectiveness of the asset creation and monitoring activities.
The Market Risk Compliance & Audit Department evaluates tests and
approves market risk methodologies developed by the Treasury. It also participates
in the new product approval process on a firm-wide basis and evaluates all new
products from a market risk perspective
ICICI Bank, like all large banks, is exposed to many types of operational risks.
These include potential losses caused by events such as breakdown in information,
communication, transaction processing and settlement systems/ procedures.
The Audit Department, an integral part of the Risk Compliance & Audit Group,
focuses on the operational risks within the organisation. In recent times, there has
been a shift in the audit focus from transactions to controls. Some examples of
this paradigm shift are:
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Plans to develop/ buy software to capture the workflow of the Audit Department
ICICI:
• For availing land loans, the property should be for residential use and
purchased from a development authority or a registered co-operative
society. The land in question must be for construction of a house, with
clearly marked boundaries, leaving no room for legal wrangle on this count
HDFC
ICICI:
• For Repayment tenor between 11-15 years, the loan applicant should be a
Post Graduate or professionally qualified.
HDFC:
Loan Amount:
ICICI:
ICICI Bank offers home loans for purchase or construction of house and the loan
amount to the extent of 85% of the cost of the property including the stamp duty
and registration. The loan starts from 2 lakhs.
The maximum loan that can be granted to an NRI for home loans is INR 1 crore
while the minimum is INR 5 lakhs.
HDFC:
Repayment:
ICICI
Maximum loan tenure is of 20 years. The loan must terminate before or when the
borrower turns 65 years of age or before retirement, whichever is earlier.
Repayment tenure for Salaried NRI applicants is up to 15 years and for Self-
employed is up to 10 yrs for purchase or construction of a new home. Maximum
loan eligibility is 85% of the total cost of the property.
HDFC
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In case of home loans to purchase, home improvement loan (or) construct houses,
the maximum period of repayment is 15 years or retirement age, whichever is
earlier. For home extension maximum term is 20 years subject to your retirement
age.
ICICI:
0.5618% of loan amount is charged towards Administrative fee or Rs.2,000
whichever is higher.
HDFC:
1% of the loan amount applied plus applicable service taxes and cess.
INTEREST RATES:
ICICI:
HDFC:
Fixed: 13.25%.
Floating: 11.25%.
HOME LOANS
TYPES
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• Home Loans
• Office Premises Loans
• Loan Against Property
• Property Overdraft
• Part Fixed, Part Floating Home Loan
• SmartFix Home Loans
Eligibility
Home loan
Land loan
The loan must terminate before or when you turn 65 years of age or before
retirement, whichever is earlier.
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Loan Amount
A number of factors are taken into account when assessing your repayment
capacity.
• Applicant income
• Age
• Number of dependants.
• Qualifications.
• Assets and liabilities.
• Stability/ continuity of employment.
• Business.
However, there are ways by which applicant can enhance his eligibility.
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 applicant credibility with ICICI.
Sanctioning
Documents
Bank statement for the last six months.
Income Documents e.g. Latest Form 16, Certified IT returns for latest 3
years.
Admin Fee cheque.
Loan Enclosure letter.
Applicant loan will be disbursed after he identify and select the property or
home that you are purchasing and on your submission of the requisite legal
documents.
The 230 A Clearance of the seller and / or 37I clearance from the
appropriate income tax authorities (if applicable) is also needed.
On satisfactory completion of the above, on registration of the conveyance
deed and on the investment of applicant own contribution, the loan amount
(as warranted by the stage of construction) will be disbursed by ICICI Bank.
The interest rate on ICICI Bank Home Loans is linked to the ICICI
Bank Floating Reference Rates are 9.5 & 12%. Fixed rates are 10.5 & 13%.
Service Tax and other govt. taxes, levies, etc. as per prevailing rate is charged over
and above these charges
Repayment tenure:
All loan repayments are done via equated monthly installments (EMI).
EMI procedure:
Commencement of repayment:
EMI payments start from the month following the month in which the full
disbursement has been made.
every month. However, if applicants receive his salary a few days later,
ICICI provide the flexibility of dating the cheques for the 7th of the month.
If a PDC bounces:
Pre-EMI interest:
In the case of part disbursement of the loan, monthly interest is payable
only on the disbursed amount. This interest is called pre-EMI interest
(PEMI) and is payable monthly till the final disbursement is made, after
which the EMIs would commence.
Home Insurance plans, provide cover to Home loan in the face of any
unforeseen event happening to life. In case of any of these happenings, family will
have the support of the insurance cover to pay for the outstanding Home loan,
without being burdened by the loan EMI's.
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ICICI Bank Home Loans has “Home Safe Plus“ & “Home Assure/Health
Assure“ two exclusive and innovative insurance plans to insure Home Loan.
HomeSafePlus*
• No medical checkup
• Comprehensive insurance plan for individual, home and its contents
• Single premium long-term insurance plan
• Premium paid for the Critical Illness cover is eligible for tax benefits u/s
80D of the Income Tax Act
• Sum Insured remains constant throughout the policy period (loan O/S
amount to come to bank, rest goes to individual)
• Multiple applicants can be covered under the same loan
• Simple application form
• Life Cover from Home Assure for the entire home loan tenure
• Critical Illness cover from life threatening illnesses like cancer, coronary
artery bypass, heart attack, kidney failure, stroke, major organ transplant
• Special non-medical limits only for ICICI Bank Home Loans customers
• Dual benefit to customers, Life Cover from Home Assure and Critical Illness
Cover from Health Assure
• Dual tax benefits, Section 80C benefits under Home Assure, Section 80D
benefits under Health Assure
• Simplified claim procedure
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INDIVIDUALS HOMELOAN
52
PROFESSIONAL
DOMESTIC NRI
And then the credibility and worthiness is evolved by the following procedure and
tests.
PROCEDURE:
Obligation summary
After seeing that all the norms are met then field investigation is done for the
following
• Residence
• Office
• Tele verification
• Property verification
The field investigator gives his report and then the information given by the
customer is matched with these reports to conform the following
CASE 1 SALARIED
LOCATION: WARANGAL
TERM : 15YEARS
Income computation
DA 100% 750
HRA 1000
CEA 1000
EA 250
Total 16000
CASE 2 SALARIED
LOCATION : WARANGAL
TERM : 12YEARS
Income computation
DA 100% 1000
Total 15000
LOCATION : WARANGAL
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TERM :12YEARS