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CCP604(B).74 2
Objectives
On completion of this period you would
be able to
Explain the products which are offered by
the banks to it customers
Explain the housing loan schemes
Explain the procedure for the purchase of
house site, open land, flat or plot.
Explain the procedure to be followed for
extension of present house
Thee terms and conditions
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Housing
loans
Construction Extension or
or purchase Purchase of Purchase of Renovation of
of House plot flat house
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Housing loans
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Category of houses…
Loan repayment
To be guaranteed from a high salary
and regular
employees, at least three in numbers
The maximum payment period is 20
years, 15 years and 10 years
The interest paid amount in tax
exempted
Easy installments months, half yearly
or annual
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Sources of housing construction
organizations:
AP housing corporation
Private house builders syndicate
Consulting Civil Engineers
Specialized Civil Engineering
With self-interest and experience
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Summary:
We have discussed about:
The modern banking services
The marketing products by banks to its
customers
The housing schemes to suit various income
group of employees
The terms and conditions for payment of
installment any others
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Assignment:
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Quiz
The banker offer the housing loan for the
followings:
a) purchase of house or construction of house
or first floor
b) Purchase of house site, plot or open land
c) Purchase of flat in a housing apartments/
housing colony
d) All the above
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Quiz
2. Income tax exemption is given to the
following category houses
a) Luxurious apartment
b) Medium category house
c) Low income group category of house
d) All the above
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Quiz
3. Housing loan provide the following
advantages:
a) Income tax exemption on interest paid on
loan
b) In a fifteen years of time span a house will
be owned by the loans
c) Rent and shifting of houses problems will
be overcome
d) All the above
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Frequently asked questions
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