S.No.

Particulars SBI Home Loan HDFC Home Loan ICICI Home Loan

1 Age of Primary 18-70 years 18-65 years 21-65 years

Applicant

2 Profession Salaried/Self Employed Salaried/Self Employed Salaried/Self Employed

3 Maximum Funding Up to Rs. 2 crore Up to Rs. 10 crore Up to Rs. 3 crore

   

4 Nationality Resident Indian Resident Indian Resident Indian

5 Repayment Tenor Up to 30 years Up to 20 years Up to 30 years

6 Processing Fees 0.35% of the amount plus 0.50% of the amount or 0.50% – 1% of the amount
GST Rs. 3,000 plus GST plus GST
   
Min – Rs. 2,000 + taxes (whichever is higher)
 
Max – Rs. 10,000 + taxes

7 Interest Rates 7.90% to 8.45% 8.0% to 8.50% 8.60% to 9.0%

 

8 Documents Required KYC, Income Proof, KYC, Income Proof, KYC, Income Proof,
property documents, bank property documents, bank property documents, bank
 statements, signed the statements, signed the statements, signed the
application form, a cheque application form, a cheque application form, a cheque
for processing fee for processing fee for processing fee

Q4)

1. The bank has enviable network of over 531 plus branches which is spread across 228 cities across India.
2. All branches are linked on an online real time basis.
3. Customers in over 120 locations are serviced through telephone banking.
4. Being a clearing bank to various leading stock exchanges, the bank has branches in the centres where NSE/BSE have a strong and active member
base.
5. The bank also has a network of about 1054 networked ATMs across the cities. Domestic and International card holders can access the HDFC bank’s
ATM network.
6. Merger has always played a pivotal role in expanding geographic location, enhanced customer base, skilled manpower and opportunities to cross
sell and leverage alternative delivery channels. HDFC also did merger, according to data HDFC acquired Times Bank Limited.

Q1)

1. Changes in demography.
2. Increase in population, urbanization.
3. Increase in income levels due to decrease in marginal tax rates.
4. Tax benefits and other fiscal incentives.
5. Increasing affordability.
6. Growth in IT.
7. Decline in the average house cost to annual income ratio to around 4-5 from 11-14 from a decade.
1. Total home loan disbursements by banks and housing finance companies (HFCs) increased from Rs .19,723 crore in 1999-2000 to Rs 53,679 crore in
2003-04.
2. The mortgage to GDP ratio stood at an abysmal 2 per cent in India when compared to 20 percent in South east Asia 57 percent in UK, 54 per cent in
USA, 40 per cent in the EU, 7 percent in China and 14 percent in Thailand.
3. In the formal, sector there are housing finance companies. HUDCO. commercial banks, etc., accounting for around 30 percent of the total housing
finance needs. The remaining 70 percent is met by the informal sector sources such as household savings, disposal of existing property, borrowings
from friends, relatives, and local moneylenders, etc.
4. The share of banks in total home loan disbursements has risen from 50 per cent in the year 1999-2000 to 61 per cent in 2003-04.
5. the growth rate for HFCs in 2003-04 was around 7 percent the Scheduled commercial banks (SCB) in 2003-04 showed a growth rate of 39.3 Percent.
6. Among the private players, HDFC has shown a 30 per cent growth in its home loan approval figures. Disbursements have shown a growth rate of 28
percent.
7. The Q1FyO6 profits for the HDFC grew by 21.8 percent to Bs 318.07 crore in comparison to Rs 261.12 crore reported in Q1FY05.