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Housing Finance: Presented by Sulekha Beri I.D.NO .43847
Housing Finance: Presented by Sulekha Beri I.D.NO .43847
Presented By
Sulekha Beri
I.D.NO .43847
INTRODUCTION TO HOUSING
FINANCE
It
:
- It provides for :
Purchase of flat / house or purchase of plot of
land.
For renovation / repairs of an existing house/
flat.
For extending an existing house.
Short term bridge finance while purchasing
another house/ flat.
CONTINUED.
Quantum
:
The Quantum of loan varies from bank to bank
normally bank stipulate minimum of Rs. 1 lakh.
The maximum would depend on the bank and it
could vary from Rs. 10 lakhs to Rs. 2 crores or
more.
For repairs the amount is less i.e around Rs. 10
lakhs.
HOUSING FINANCE
INSTITUTIONS IN INDIA
Scheduled Commercial Banks:
(a) Public sector banks: SBI, PNB, Bank of
Baroda, Dena Bank, Bank of India. Allahabad
Bank, OBC etc.,
(b) Private sector banks: HDFC, ICICI bank, Axis
Bank, IDBI, ING Vysya Bank etc.,
(c) Foreign Banks: Standard Charted bank, City
Bank, HSBC etc.,
(i)
STRATEGIES OF
HOUSING FINANCE IN INDIA
Housing finance sector is fastest growing
segment of the retail financing sector with a
slew of tax breaks and sharp cut in of cost of
owing housing, buying a house is easier. The
agencies of public sector housing finance
companies, Private sector housing companies
and banks are competitors in housing finance
market.
S.No
Basic
Private Banks
Public Banks
1.
Eligibility
Individual
Individual
2.
Loan Amount
Up to 75 lacks
Construction no limit
For Repair 25-30 lacks
For Purchase of land
50-55 lacks
3.
Rate of Interest
10.25 to 11.15%
10.25 - 10.75%
4.
Security
Mortgage of the
Property to be financed
5.
Loan Tenure
30 years
20-25 years
6.
Margin
20 to 25%
15 to 25% on loan
amount
7.
Processing Fees
Thank you
CONTINUED.
SUPPLEMENTARY FINANCE
Banks
INTRODUCTION TO NATIONAL
HOUSING BANK (NHB)
The
OBJECTIVES OF NHB
To
CONTINUED.
To
FUNCTIONS OF NHB
CONTINUED.
NHB has been financing the following housing
schemes at all India level: Indira Awas Yojna
Golden Jubilee Rural Housing Finance Scheme
Bharat Nirman
Productive Housing in Rural Areas(PHIRA)
1% Interest subvention scheme
REGULATORY FUNCTION
According
FINANCING FUNCTION
To
OBJECTIVES OF HUDCO
CONTINUED.
HOMEOWNERSHIP RATES:
2001:
2002:
2003:
2004:
67.8%
67.9%
68.3%
69%
2001:
2002:
2003:
2004:
$160 billion
$164 billion
$181.6 billion
$198.6 billion
REALTORS
APPRAISAL PROFESSION
Appraisal Institute
(www.appraisalinstitute.org)
REMODELORS
RESIDENTIAL PROPERTY
MANAGEMENT
OTHER PROFESSIONS
CONCLUSION
THANK YOU