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I further declare that project work presented has been prepared personally by me and it is not sourced from
any outside agency. I understand that, any such malpractice will have very serious consequence and my
admission to the program will be cancelled without any refund of fees.
I am also aware that, I may face legal action, if I follow such malpractice.
• CONSTRUCTION LOAN
• EDUCATION LOAN
• Your interest rate (APR) will • You can normally qualify for an
generally be lower and more unsecured loan without having
affordable than with an unsecured substantial assets.
loan.
The opposite of secured debt/loan is unsecured debt, which is not connected to any
specific piece of property and instead the creditor may only satisfy the debt against the
borrower rather than the borrower's collateral and the borrower. Generally speaking,
secured debt may attract lower interest rates than unsecured debt due to the added
security for the lender; however, credit history, ability to repay, and expected returns for
the lender are also factors affecting rates The term 'secured loan' is used in the United
Kingdom, while in the United States it is more commonly known as 'secured debt'.
STEPS IN HOME LOAN
Step 1: Fill The Loan Application Form & Attach The Documents
Step 2: Pay The Processing Fee
Step 3: Discussion With The Bank
Step 4: Valuation Of The Documents
Step 5: The Sanction/Approval Process
Step 6: Processing The Offer Letter
Step 7: Processing The Property Papers Followed By A Legal
Check
Step 8: Processing A Tec Disbursal
OBJECTIVES
1. Studying the importance of housing, demand for housing and house
finance in India.
2. Evaluation of the role of LICHFL & HDFC in financing of houses in
Hyderabad.
3. To identify the popular schemes of LICHFL & HDFC.
4. To analyze the trends in housing finance by LICHFL & HDFC.
5. To ascertain the problems of borrowers of LICHFL & HDFC while
availing housing loans.
6. To evaluate the impact of tax considerations on housing finance with
respect to LICHFL & HDFC.
7. Measuring the service quality being provided by LICHFL & HDFC to its
customers in Hyderabad.
8. Finally to suggest certain measures to housing loan policy makers of
LICHFL & HDFC for increasing the service quality to its customers so as
to increase its base.
LIMITATIONS OF STUDY
Following are the limitations of the study:
1. The study covered only geographical boundaries of Hyderabad City only which
come under Greater Hyderabad Municipal Corporation (GHMC).
2. Due to the problem of illiteracy some house loan applicants and loan takers
could
not respond to questionnaire properly. However care was taken to elicit their
opinion as far as possible.
Some of the top most Private Sector car financing companies in India are
1)Bank Of Baroda
2)HDFC Bank
3)ICICI Bank
4)Kotak Mahindra Prime Limited
5)L&T Finance Limited
6)LIC Finance Limited
7)Mahindra Finance
8)Standard Chartered Bank
9)Tata Finance
And many more.
OBECTIVES OF THE STUDY
Understand the customer’s preference of banks for car loans.
Presently all car financing companies are giving very attractive schemes to their
customers and this study is aimed at- what is in the mind of customers with
reference to the applying for car loans in Jorhat
At several Banks- they realize that owning a car has increasingly become a
necessity. But they also realize that the price tag of the dream car may be just
outside the immediate grasp. car Loans are just to give what customers need to
bridge the gap.
CONSTRUCTION LOAN
A construction loan also called a home construction loan in the United States
and self-build mortgage in the United Kingdom is any value added loan where the
proceeds are used to finance construction of some kind. In the United
States Financial Services industry, however, a construction loan is a more specific
type of loan, designed for construction and containing features such as interest
reserves, where repayment ability may be based on something that can only occur
when the project is built. Thus, the defining features of these loans are special
monitoring and guidelines above normal loan guidelines to ensure that the project is
completed so that repayment can begin to take place.
A short-term loan used to finance the building of a home or another real estate
project. The builder or home buyer takes out a construction loan to cover the costs
of the project before obtaining long-term funding. Because they are considered fairly
risky, construction loans usually have higher interest rates than traditional mortgage
loans.
Construction loans are usually taken out by builders or home buyers who are
custom-building their own home (see Getting A Mortgage When Building Your Own
Home). Once construction on your house is completed, you can either refinance the
construction loan into a permanent mortgage or get a new loan to pay off the
construction loan
TYPES OF CONSTRUCTION LOAN