Professional Documents
Culture Documents
LIC Housing Finance
LIC Housing Finance
PROJECT REPORT
ON
STUDY OF HOME LOAN
AT
LIC HOUSING FINANCE LTD. AREA OFFICE PIMPRI
BY
Mr. YASHWANTRAO PANDURANG LAVATE
UNDER THE GUIDANCE OF
PROF. S. P. DINGRE
SUBMITTED TO
SAVITRIBAI PHULE UNIVERSITY OF PUNE
IN PARTIAL FULFILMENT OF THE REQUIREMENT FOR THE AWARD
OF THE DEGREE OF
MASTER OF BUSINESS ADMINISTRATION (MBA)
THROUGH
DECLARATION
ACKNOWLEDGEMENT
Devotion is important, knowledge is important, but this knowledge, devotion will be fruitless
if these factors are put in the wrong direction. So we desperately need a guide to make our
way clear in foggy situations. I have utilized this valuable suggestion in making my report
attractive and accurate. I am greatly indebted to all those, whose suggestion has formed the
bases of this report.
Firstly I would like to thank Mr. SHYAM GOWANE (Area Manager) LIC HOUSING
FINANCE LTD, PIMPRI, PUNE, for giving me the opportunity to work on this project.
Further, I extend my thanks to Mr. PANKAJ KORANE (Senior Associate) LIC
HOUSING FINANCE LTD, PIMPRI, PUNE, for being the source of inspiration and
guidance to me. It was their help and cooperation, which made me complete my project.
I am highly indebted to Ms. Sunita Sharma (Managing Director & Chief Executive
Officer) & Mr. S. K. Roy (Chairman) for his invaluable cooperation and his unending
support, for guiding me at every step.
Finally I would like thank to all respondent for their helpful criticism and useful suggestions,
which contributed towards successful completion of my project.
INDEX
SR.NO.
CHAPTER
PAGE. No.
Executive Summary
Outline of Task
22
24
Activity Chart
47
Key Learning
49
Contribution to organization
51
53
LIST OF TABLE
SR.NO.
Table Name
PAGE. No.
Rate of Interest
18
EMI Chart
21
35
37
38
38
38
Business Incomes
39
39
10
Ages Group
40
11
Annual Income
41
12
Own Property
42
13
Types of Property
43
14
Budget
44
15
Home Loan
45
16
46
17
Work Plan
48
LIST OF GRAPH
SR.NO.
Graph Name
PAGE. No.
Ages Group
40
Annual Income
41
Own Property
42
Types of Property
43
Budget
44
Home Loan
45
46
Chapter No 1
EXECUTIVE SUMMARY
EXECUTIVE SUMMARY
As a part of the Curriculum of the MBA Programme of the SAVITRIBAI
PHULE PUNE UNIVERSITY. I underwent my summer Training for the Period of TWO
Months at LIC HOUSING FINANCE LTD, Pimpri, Pune. The aim behind is to let the
Students draw out the Difference & Similarities between the theoretical knowledge with the
actual Job conditions, so they can be able to Pursue & Cultivate Strategic decisions making
capabilities & establish themselves as capable Managers of tomorrow.
Each management student learns a lot during his two years of MBA program.
The (summer) project provides required practical training to student and gain the practical
knowledge of the topics learned in classroom and to find its relation with the real market
scenario.
Someone has greatly said that practical knowledge is far better than
classroom
teaching. During this project I fully realized this and come to know about the present real
world of home loan sector. It includes all the activities involved in providing home loan
products to the final customers.
I am pleased to know about the consumers wants and competitors activities in
the real world of home loan sector. The subject of my study is to analyse the present home
loan sector and products offered by LIC by applying various tools like cold calling and
through direct interaction with customers. I have also done research on the customer
reaction, age group taken loan, property types, and different preferred option. his chosen LIC
housing finance & private home loan companies. The report contains first of all brief
introduction about the company.
I also put forward recommendations of the consumers and conclusions
that will help LIC to provide consumer satisfactory services in the home loan sector.
The project gives the live experience about the various aspects of the management
that is help full from future point of view. The project provides the opportunity to understand
the organization very closely.
Chapter No 2
2.1 INTRODUCTION
The purchase or sale of a home or investment property is not only one of the
most important financial events in peoples lives, but also one of the most complex
transactions. As a result, people usually seek the help of real estate agents and brokers
when buying or selling real estate.
Real estate agents and brokers have a thorough knowledge of the real estate market in
their community. They know which neighbourhoods will best fit clients needs and
budgets. They are familiar with local zoning and tax laws, and know where to obtain
financing. Agents and brokers also act as an intermediary in price negotiations
between buyers and sellers. Real estate agents are usually independent sales workers
who provide their services to a licensed broker on a contract basis. In return, the
broker pays the agent a portion of the commission earned from the agents sale of the
property.
Property Service Division of LIC Housing Finance Limited deals with the same
business of real estate. The need of entering in this field was felt by LIC Housing
Finance Ltd due to increasing prospects in Real Estate business. There are many big
brands namely ICICI realty, HDFC Realty, Axis Bank Realty etc.
A new line of business by the name Property services Division is being launched
across the country in selected centres. The function of the Property services Division
includes all activities involved in enabling a prospective homebuyer select the
property up to taking the possession of the same. It is thus conceived to be a one-stopshop for all the advisory services related to the above. Property services division,
which offers investors and builders a single transparent platform to buy/sell office and
commercial spaces and residential apartments/flats.
This Year LIC Housing Finance Celebrate on 25th Anniversary on This
Year 19th June 2014. This Enjoy on All over India Celebration.
2000- Crisil has assigned a AAA rating to the issue of mortgage backed pass
through certificate backed by mortgages orginated by the company.
2001 - The Company has launched its new scheme, Griha Vikas.
2002 - LIC Housing Finance Ltd has informed BSE that the Company has forfeited
1,25,300 equity shares due to non payment of allotment/call monies.
-LIC Housing Finance has approved for the take over of Individual Housing loan
portfolio of GLFL Housing Finance.
-Around 25 investors subscribed to the issue of confidentially placed debentures for
a total amount of Rs.392 cr of LIC Housing Finance Ltd.
-LIC Housing Finance Ltd has decreased its interest rates on housing loans by 25-50
basis points.
-Financial Institutions have increased their stake from 0.01% to 1.96% and Mutual
Fund companies have increased their stake from 0.35% to 1.06% in LIC Housing
Finance.
-LIC Housing Finance Ltd has decreased the floating rate of interest
under
Housing
Finance.
2003 - LIC Housing Finance has unveiled a new project for elderly people called
'LIC HFL Care Homes' .
-LIC Housing Finance Ltd has sanctioned 84,126 loans worth Rs.3265.78cr and
disbursed 76,663 loans worth Rs.2941.24cr under its Individual Loan Scheme.
-LICHFL has mobilised Rs.280cr for 15 years at 7% rate of interest through private
placement.
-Lic Housing Finance Ltd has informed that the shares of the company have been
delisted from The Stock Exchange - Ahmedabad w.e.f December 08, 2003.
2004 -Merill Lynch Capitat acquires LIC housing stake of 0.39%
-Templeton Asset Management buys 37,52,362 equity shares, representing 5.01% of
LIC Housing's total paid-up capital of Rs 74.9 crore
-LIC Housing Finance Ltd has informed that the shares of the Company has been
voluntarily delisted from the Delhi Stock Exchange (DSE) W.E.F. January 23, 2004.
-LIC Housing Finance shares delisted from Madras Stock Exchange
Private Limited for undertaking the business of managing, advising, administering venture
funds, unit trust, investment trust in India as well as abroad. In March 5, 2008, the company
incorporated LICHFL Trustee Company Private Limited for undertaking the business of
trustees of venture capital trust, funds - in India and offshore fund. In March 12, 2008, they
launched a new venture capital fund for realty projects. During the year 2009-10, the
company was awarded the 'Second Best Home Loan Provider' award by Outlook Profit.
During the year 2010-11, the company launched a unique interest rate scheme namely; 'MINI
5' to cater to housing finance needs of the priority sector population residing in Tier II and
Tier III cities. Now LIC Housing Lunch New Scheme Griha Prakash
Chairman
Managing Director & Chief Executive Officer
Independent Director
Independent Director
Independent Director
Independent Director
Independent Director
Independent Director
Name
Shyam Gowane
Vikrant More
Pankaj Koranne
Ajit Gaikwad
Dipthi Tapswi
Babanrao Agalave
Post
Area Manager
Assistant Manager
Senior Associate
Assistant.
Associate.
Assistant.
iii) Home-loans
iv) Loans aimed at professionals
Deposit schemes: Deposit schemes were first launched by the company on 10th May
2007 and may be accepted as both cumulative as well as non-cumulative deposit
schemes. Terms of deposit may range from 1 year; 18 months; 2 years; 3 years as well
as 5 years.
Interest under non-cumulative deposit schemes would be distributed twice a year;
whereas interest on cumulative deposit schemes would be calculated as per biannually compounding.
Loans: Housing Finance By LIC :
Loan-schemes available with lic housing finance are customized to suit varied
requirements as per individual borrower-profile. As per official website and Lic
Housing Finance news following loans are available:
Home loans: Are offered at easy rates to both residents as well as non-resident
Indians. Step-up facility in terms of amount of EMI amount is also available for those
who wish to opt for a steady increase in their repayment capacity during tenure if
loan.
Corporate loans: Aimed at corporate employees who have been approved by LIC
and include employees of PSUs, reputed public as well as private limited companies
Housing finance by LIC loans to professionals: Aimed at non-salaried
professionals.
ROI
Fix For
Celebration 25
10.10 %
2 Years
Super Fix
12.25 %
Full Term
( Up to 3 Crores)
75 Lacs
New Fixed 10
11.25 %
>75 Lacs
11.75 %
10 Years
Special Features
Features
Home Loan
Loan against Property
Balance Transfer + Top Up
Both Fixed & Floating Rates Available
Best Housing Finance Company in Country Awarded by CNBC TV18
Housing Finance Expertise of more than 20 years.
Fees On Prepayment
Nil if paid from own sources else 2.00% on the Amount of loan prepaid + Service
Tax applicable
Term
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
Celebration 25
10.1
8797
4620
3232
2542
2130
1858
1666
1523
1414
1328
1258
1201
1154
1115
1081
1053
1028
1007
988
972
958
946
935
925
916
909
902
896
890
885
New Fix 10
11.25
8850
4673
3286
2597
2187
1917
1726
1885
1477
1392
1324
1269
1223
1185
1153
1126
1102
1082
1065
1050
1037
1025
1015
1006
999
992
986
981
976
972
New Fix 10
11.75
8874
4696
3310
2622
2212
1943
1752
1612
1505
1421
1354
1299
1250
1216
1185
1168
1135
1116
1099
1084
1072
1061
1051
1043
1035
1029
1023
1018
1014
1010
Sure Fix
12.25
8897
4720
3334
2646
2238
1969
1779
1640
1533
1450
1383
1329
1285
1248
1217
1191
1168
1149
1133
1119
1107
1096
1087
1079
1072
1066
1061
1056
1052
1048
GV
12.50
8909
4731
3346
2659
2250
1982
1793
1653
1547
1464
1398
1344
1300
1264
1233
1207
1185
1167
1150
1137
1125
1114
1105
1098
1091
1085
1080
1075
1071
1068
Chapter No 3
OUTLINE OF TASK
Outline of Task
1) Risk of default should be reduced by funding the right customer, by using various
tools of appraising like CIBIL Report, Field Investigation.
2) Exiting Loan (If already & any loan taken Loan) Track Record needed to LIC housing
loan process & Loan approval
3) To find out the customer profile of the Home loan applicants.
4) Most of the Customer prefers LIC Housing Finance Ltd because of its service.
Chapter No 4
RESEARCH METHODOLOGY & DATA ANALYSIS &
INTERPRETATION
1) Data Sources:In the Preparation of this project it is necessity to collect the Primary data and
Secondary data
2) Primary data: The information about the Company is gathered from the discussion with the
employees/staff. Basically I was use primary data for that project
3) Secondary data:The secondary data collected The balance sheets as on the date of 31st March 2013 for the period of
1st April 2012 to 31st March 2013
4) Sample size:Five cases of Home Loan Proposal are to be studied for understanding of the appraisal of
home loan. Data collected through survey of procedure, service, etc. provided by LIC
Housing Finance Ltd by filling questionnaire of fifty & above LIC Housing Ltd Customer
The methodology of this study has been adopted on the following basis:
1. Sanction stage.
It is a stage where the customer get sanction or approval that he is eligible to take
a loan of specific amount calculated on the basis of his income from LIC Housing
Finance Ltd.
2. Disbursement stage.
It is a stage where the cheque of sanctioned amount is handover to the customer or
concerned person.
A. Generation of leads/Sourcing of business:This is an important step in the housing finance cycle to keep the organization
moving successfully. It is essential to generate cases to credit LIC HFL uses methods to
source business & generate leads1. Mail.
2. Walk-in interview.
3. Telephone enquiry.
4. Customer reference.
5. Approved project file.
B. Contact & collection of documents from customer:Once the lead has been sourced the sales officer contact him & give him a list of
documents long with other corresponding information. When the documents are handed
over to sales officer, he submit documents along with the application form to LIC
Housing Finance Ltd. Sales officer gives an idea about how much loan can customer avail
as per his income.
C. Completion of documents:The document have been collected by the sales officer hand over to the back office
executive, executive then complete documents in special file provided for LIC Housing
Finance Ltd in accordance with the requirement of LIC Housing Finance Ltd.
D. Field investigation report:After completing the documents the back office executive ties the field investigation
report with the data compiled from the file before moving it on the next stage.
E. Verification by sales manager :After completion of documents and filing of it, the documents are handed over to the
Sales manager, who verifies the documents to check for loan analysis the strength and
weakness of a case, the loan eligibility & the requirement of additional documents. The
sales manager act as a filter allowing good case to flow through for final approval while
do not fit, into the polices of LIC Housing Finance Ltd. Sales manager make signature if
the case fit into policies of the bank.
F. Personal discussion:PD is an important stage in sanction process. as per norms loan amount is decided on
the basis of documentation but the customer knowledge, his behaviour can be decided on
the basis of PD with him. It helps to judge the credit worth ness of applicant which helps
organization in future. Sales manager make signature if the case fit into policies of the
bank.
G. Final approval or rejection by the branch credit manager:The file is send to the branch credit manager for final approval. after checking the file
branch credit manager take final decision of approval or rejection of the case. If the case
is rejected the documents are returned to the customer & if the case is approved then it
goes to the next step.
H. Sanction letter delivered to the customer:This is the final step in sanction process after receiving the sanction letter it hand over
the sanction letter to customer along with a list of legal documents required for the next
stage i.e. disbursement stage.
A. Collection of legal documents:This is the first step towards the disbursement of cheque after sanction of the case.
Already the sales officer collect the legal document from the customer in case of self
construction & or collect it from the builder from whom the customer is purchasing the
property
.
B. Completion of documents:Once the documents are collected by the sales officer he hand it over to the back
office executive for compilation the executive complete the documents and process.
C. Legal Appraisal:The legal appraisal of a case is an important step & it done by lawyer specially
appointed by LIC Housing Finance Ltd. The lawyer verify the documents to check if the
title of the property is free & marketable from all obligation, other legal aspect is free
from any fraud. once the
documents have been verified he submit a legal report to LIC
Housing Finance Ltd. The lawyer report is very essential without his approval no case is
clear. In case of negative remark mentioned by the lawyer the case is being rejected.
D. Technical Appraisal:The technical appraisal is a task in which an engineer specially appointed by LIC
Housing Finance Ltd he visit the site and check the property and prepare a report and
submit it to the bank. On the basis of the report the BCM takes his disbursement decision.
1. If the property is in accordance with the plans rules and regulations approved
by NMC.
2. If there are any legal and unauthorized construction on the site.
3. If the owner of the property is the same as mentioned on the legal Documents.
4. The extract or stage of constructions.
5. The raw material etc. available on the site.
6. He checks to see the cost is being incurred on the property is equivalent to the
Estimate shown by the customer.
7. He also Provide an estimated date of compilation of the property.
8. Checking the age and conciliation of the property in case of resale Property.
E. Final cheque by the BCM:The BCM makes a final check of the documents before taking his decision. If the
case is clear then BCM send s the file to operational manager.
F. Cheque disbursement:This is final step in the disbursement stage. The operation manager prepare the
cheque along with the letter which is handed over to the sales officer who then five it to
the customer. Disbursement of cheque is done in accordance with the stage of
construction as reported by technical advisor.
The cheque is disbursed in two ways,
1. As a part disbursement.
2. Fully disbursement.
NOC
NOC should be on the letterhead of the Society/ Builder / Development Authority
Should have the stamp of the society / Builder / Development Authority
Address should match as per the agreement, Flat No., Wing No. etc..
Should be as per the procedures and drafts for different transaction types.
Must be dated
Own Contribution Receipts
Must have a revenue stamp
Cash payments cannot be more than Rs.20000/ Should give details of the property like flat No. etc
In case of refinance > Rs.1 lac
Builder case Receipts from builder & debits in bank account
Resale Agreement for sale / Sale deed to be registered before refinance
Property Norms:
Property should not be in negative area
Property should be within geographic limits
Property should be self contained
Maximum age of property less than 35 years at loan application
Loan tenor not to exceed residual age of the property
Minimum Built up area > 400 sq. ft
In case of row house of ground floor only
2.
a) Educational Qualification
b) Name of University / Institute
c) Year of Passing Out
3.
4.
Previous Employer 2
a) Name of Organization
b) Designation
c) No. of year in Service
5.
Family Status
a) Whether Spouse is Co- applicant?
b) Whether Spouse is working?
Salaried / Self employed
6.
8.
9.
10.
11.
12.
Applicable FOIR
50 %
60 %
%Eligibility
Proof
(As 50 % of average of last 2 3 years ITRs and 7/12
years
extract
or
ownership
document copy.
Rental Income
100% of average of last 2 03 ITR
years
Rental Income
100% of current rental Lease Agreement for 3 years
income
as
per
lease
Agreement
Rental Income
50 % of current rental income Leave & License agreement
as per leave & License copy of current period
Agreement
LIC /Broker commission i.e. 50 % of new business & Certificate
/
original
NSC, KVP, IVP postal
100% of renewal business
commission slip of Cos.
Interest / Dividend Income
50 % of average of last 2 03 years ITRs
years
The agreement of the eligibility from other sources of income must not be more than 100 %
of the agreement of the main salary income.
1) Resident Indian Salaried:
ITEM
CONSIDERATION
REG.ITEMS (PAYSLIP)
100%
HRA
100%
PENSION INCOME
100%
BONUS
100%
ANNUAL BENEFITS
50%
FIXED
50%
REIMBURSEMENTS
VARIABLE ITEM
50%
2) Self-Employed Professional:
For calculation purpose SEPs can be classified as per following pattern
a. Doctors
b. Allopathic (MBBS plus)
c. Other (BHMS, BUMS, (etc.)
d. Others (CA, CWA, CS, Lawyer, Consultant etc)
Methods Used
1. GPR Multiplier Method
2. Eligibility based on Net Profit
Net Profit
Depreciation
-------------Business Income
BI + PI
Eligibility
50%*
100%*
50%*
Proof
ITRs
ITRs
ITRs
Percentage
25-35
45
35-50
35
50-60
15
Above 60
Total
100
Graph 1:
Age Group
5
15
45
25-35
35-50
50-60
35
Above 60
Analysis:
It was found that about 45% of people were between age group of 25-35, 35% were
between 35-50, 15% were between 50-60 and 5% were above 60.
Interpretation:
Thus we conclude that the average percentages of people in the above age groups showed
interest in the survey of LIC HFL
Table 2:
Annual Income
Percentage
Below 2 lacs
2%
2-5 lacs
30%
5-10 lacs
65%
Above 10 lacs
3%
Total
100%
Graph 2:
Annual Income
100%
0%
Below 2 lacs
2-5 lacs
Percentage
5-10 lacs
Percentage
Above 10
lacs
Analysis:
It was found that 2% of candidates are below 2 lacs. 30% are between 2-5 lakh. 65 % of
are between 5-10 lakh. While only 3% are above 10 lakh.
Interpretation:
Therefore it can be conducted that maximum income group was found between 5-10 lacs.
Table 3:
Possess Property
Percentage
Yes
67%
No
33%
Total
100%
Graph 3:
Own property
33%
Yes
No
Analysis:
67% of candidates possess their own property and 33% of candidates had no property.
Interpretation:
This shows that out of 100 respondents 67% had their own property while 33% had no
property. 67% were not willing to invest or buy any property.
Table 4:
If yes, the type of propertyType of Property
Percentage %
Residential
78
Commercial
18
Others
4
Total
100
Graph 4:
Type of Property
18
Residential
Commercial
78
Others
Analysis:
It was found that 78% of the candidates preferred residential property. 18% wanted
Commercial while only 4% of the respondents wanted other than residential and
commercial property.
Interpretation:
Thus, it can be concluded that 78% of the respondents wants to invest in the property
for living purpose. While 18% wants to derive their business with the help of that property.
Table 5:
Budget
10-30
31-50
Above 50
Total
Percentage
69
21
10
100
Graph 5:
Budget
10
21
0-30
31-50
69
Above 50
Analysis:
69% have budget more than 50 lacs. 21% have between 31-50 and 10% have between 0-30
lakhs
Interpretation:
Thus, it can be said that major respondents do not want to invest much to buy a property. As
majority of the respondents are of middle class society. While there are only10% who belong
to high class society can invest above 50 lakhs.
Table 6:
Home Loan
Yes
No
Cant Say
Total
Percentage
79
11
10
100
Graph 6:
Percentage
10
11
Yes
No
79
Cant Say
Analysis:
79% of respondents preferred home loan while 11% did not prefer loans. There were 10% of
respondents who could not decide whether to take or not.
Interpretation:
Major respondents wanted to buy a property over loan basis as mostly respondents are service
men. Those who did not prefer loan were businessmen.
Table 7:
Preferred Option
SBI
HDFC
LICHFL
ICICI
AXIS
PNBHFL
CANARA
ALLAHABAD Bank
DHFL
Total
Percentage
32
16
12
10
8
9
3
6
4
100
Graph 7:
SBI
4
32
HDFC
LICHFL
ICICI
AXIS
10
12
16
PNBHFL
CANARA
ALLAHABAD Bank
DHFL
Analysis:
32% respondents preferred SBI. 16% preferred HDFC. 12% preferred LICHFL. 10%
preferred
ICICI. 8% preferred Axis. 9% preferred PNBHFL. 3% preferred Canara Bank. 6% preferred
Allahabad Bank. 4% preferred DHFL.
Interpretation:
Maximum proportion of respondents preferred to opt for SBI. This shows that most of them
have faith in SBI. Next preference is to HDFC and then LICHFL.
Chapter No 5
ACTIVITY CHART
Work Plan
S. No.
1
2
3
4
5
6
7
Date
15/05/2014
22/05/2014
29/05/2014
12/06/2014
03/07/2014
16/07/2014
16/07/2014
Activities
Start Work ( Discussion about the topics for study )
Initial Study (Selection of the topic of Initial Study)
Secondary Data Collection
Primary Data Collection
Data Analysis/ Interpretation
Project completion ( Discussion with the project guide & Reporting here)
Summer Internship Programs End of Stage
Chapter No 6
KEY LEARNING
Chapter No 7
CONTRIBUTION TO THE ORGANIZATION
Chapter No 8
QUESTIONNAIRE & WEB SITE DETAILS
8.1 QUESTIONNAIRE
1. What is your age?
A. 25-35
B. 35-50
C. 50-60
D. above 60
C. Professional
C.5-10 lac
D. Above 10 Lac
B. Above 25 to 50 lac
C. Above 50 to 75 lac
B. Provident Fund
C. Other
9. If interested, the main purpose of buying the property isA. For self purpose
B. For investment
C. Others ___________________
10. Are you satisfied with the home loan procedure of Bank?
Yes
No
Name:
Address:
Contact No:
CASE NO.1
1) Applicant Name
1967000/-
3)Tenor Requested
25 Yrs
4)Profile
Applicant
Salaried
Organisation
Deutsche Bank
5) Monthly salary:
Applicant: Rs.27242 p.m. & Incentive Rs.7550 p.m.
CASE NO.2
1) Applicant Name
2) Co-Applicant Name
Rs. 1600000/-
4) Tenor Requested
20Yrs
5) Profile
Applicant
Business
Organization
Co-Applicant :
House Wife
6) Monthly salary:
Applicant: Rs.423142 p.a.
7) Strength of the Case:
Bank Balance Good
Good Business Report
Good Saving in Recurring Deposits, Fix Deposits
LIC Policy worth Rs 30 Lakhs
Income tax Paid in Time & Customer is tax Consults
8) Findings:
Applicant Bank Statement showing monthly deduction of EMI of Axis Bank and the
said was reflected in CIBIL Verification report.
9) Suggestions:
As per discussion with Applicant his Loan to be close after Sanction. There Loan
Closing NOC Report attach in Disbursement file.
CASE NO.3
1) Applicant Name
2) Co-Applicant Name
2725000
4) Tenor Requested
20 Years
Applicant
House wife
Co-Applicant
Salaried
Organization
5) Profile:
6) Monthly Income:
Co-Applicant :
Rs.68477 p.m.
CASE NO.4
1) Applicant Name
Rs 450000/-
3) Tenor Requested
10 Year
Applicant
Salaried
Organization
Rs.34512 p.m.
4) Profile
6) Monthly Income:
Applicant
CASE NO.5
1) Applicant Name
2) Co-Applicant Name
Rs.1,650,000/-
4) Tenor Requested
9 Years
Applicant
Salaried
Organization
Co-Applicant
House wife
Rs.36314 p.m.
5) Profile
6) Monthly Income:
Applicant
7) Strength of the Case:
Salary
Bank Statement is Very Good Maintain
Good Investment in Fix Deposits & Mutual Fund Recurring Deposits
Stable / Govt. Job
No any Obligation
PF Balance worth Rs.20 Lacs
Owned House worth Rs.35 Lacs
Qualified Profile
8) Findings:
Applicants Age is 51 years.
9) Suggestions:
Loan Amount possible for only 9 years remaining in the service hence maximum loan
tenor should be restricted to 9 years.
8.2 Bibliography
8.2.1 Books & Sites:
Books
LIC Home Loan Guidance Book
Research Methodology
Sites
www.lichousing.com
www.moneycontrol.com
www.google.com
www.rupeetimes.com
www.economictimes.indiatimes.com
www.profit.ndtv.com
By C. R. Kothari