HDFC LIMITED 1 CREDIT APPRAISAL OF A LOAN APPLICANT UMANG GUPTA Roll No. 057533 Bachelor of Business Management Department of Management Faculty of Social Sciences D.E.I jjjjjjjj
Nov 15, 2014
HDFC LIMITED 1
CREDIT APPRAISAL OF A LOAN APPLICANT
UMANG GUPTARoll No. 057533Bachelor of Business ManagementDepartment of ManagementFaculty of Social SciencesD.E.I
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HDFC Ltd
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OBJECTIVE
Repayment capacity calculation of applicants
Learn about CSN of HDFC Ltd.
Dealing with customers
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INTRODUCTION
Salaried
Self Employed Class
Self Employed Professional
Non Resident Indian
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REQUIRED DOCUMENTS1. SELF EMPLOYED PROFESSIONAL
Application form with photo
Identity and residence proof
Educational Qualifications Certificate and Proof of Business Existence
Last 3 years Income Tax returns (self and business)
Last 3 years Profit and Loss and Balance Sheet
Last 6 months Bank Statements
Processing Fee Cheques
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REQUIRED DOCUMENTS – Contd.
2. SELF EMPLOYED BUSINESSMAN
Application form with photo Identity and residence proof Educational Qualifications Certificate and Proof of
Business Existence Last 3 years Income Tax returns (self and
business) Last 3 years Profit and Loss and Balance Sheet Last 6 months Bank Statements Processing Fee Cheque Business Profile
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STEP 1
GROSS SALARYREPAYMENT CAPACITY.Slip of the current 3 months Regular Items Example: Additional HRM, Vehicle Allowance etc. Profit Allowances = (Average of 3 Months) / 2
Non regular Items
PROCESS- Income to Installment Ratio Loan Eligibility Ratio
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Step 2
Income to Installment Ratio Gross Income Obligations - Towards family, Nos. of
children, spending habits Customers Profile
IIR = EMI / INCOME *100 FOIR = EMI+OBLIGN \INCOME*100(FIXED OBLIGATION TO INCOME RATIO)
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Step 3
LOAN ELIGIBILITY RATIO
FORMULA = Available salary for repayment / EMI per 1 Lakhs of the amount
It is the ratio of the salary to be considered for repayment of the loan and the EMI per 1 lakh of the loan
amount
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NON RESIDENT INDIAN
SALARIED/EMPLOYED
Salary is converted into Indian Currency for computing credit worthiness
SELF EMPLOYED PROFESSIONALS
Loan Eligibility = Gross Profit X 2
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STEP UP REPAYMENT FACILITYChooser 1The EMI
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The EMI CHOOSER 2
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FLEXIBLE LOAN INSTALLMENT PLAN
The advantage joint payment, personalization, easy repayment is coupled up with it being only available solution in the market for variable income home loan demand In the Illustration the father is going to pay only for 105 months and after that we are to consider the sons salary only for the next remaining 60 months
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STAGES OF HOME LOANS
1. Application
2. MunirkaHUB
5. Data Entry3. Log-In
4. Scanning
6. RecommendationOver (ROVR)
7. Double Checking
Over (DCOVR)
7. Fix Charges
8. DISBURSE The Loan
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QUESTIONS
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Thank You !
UMANG GUPTARoll No. 057533Bachelor of Business ManagementDepartment of ManagementFaculty of Social SciencesD.E.I