Professional Documents
Culture Documents
Viva
Viva
Viva
Saurabh Jain
PGDM
Roll No: 2017127
Batch: 2017-2019
Here maximum amount loan is given shriram finance and minimum loan is
given by chintamani finlease
Company name Personal loan disbursment time
Chintamani 36 hrs
finlease
Here chantamani finlease charge high rate of interest and that is fixed
Company name Maximum and minimum repayment period
Here chintamani only give short term personal loan for short time
Company name Foreclosure charges on personal
loan
Bajaj Fiserv 4% to 2%
Muthoot finance
Not disclosed
Chintamani finlease 4%
Loan disbursement period is very good as compare to other competitor within just 36hrs
and I suggest it should improve it more to get competitive advantage
Chintamani finlease charge flat 5% file processing charges this is high as compare to other
competitors & I suggest that file processing charge need to be revised. It should be vary from
loan amount.
Chintamani finlease give loan amount up to 2 lakh and only for up to 12 month only or max
up to 15 month And I suggest that this loan amount is increase up to 5 lakh and tenure time
up at least 36 month
We also find the chintamani rate of interest is litte bit high as compare to other competitor
and also the rate is fixed to 22% to 26% and I suggest that chantamani interest rate is
acceptable but they should follow reducing interest rate not fixed interest to get a
competitive advantage as all other company follow reducing interest rate
All terms and conditions fully disclose to their customer to main long term relationships
Cibil score play an important role in today living standard of living for credit worthiness so
companies also consider the low cibil score (not bank only nbfc is accepted but charge high rate of
interest besause take more risk) and help customer to increase their cibil score.
The credit delivery mechanism needs to be more transparent and hassle free. There should be
more stringent norms for the defaulters.
NBFC‘s are organized players. Regulatory body needs to educate people about NBFC.