Hdfc

HDFC HOME LOANS

BY:- BRIJESH YADAV

HOME LOANS

By:- BRIJESH YADAV(MBA + PGDBM )TAXILA BUSINESS SCHOOL (JAIPUR)

HDFC• HDFC Is an Indian financial services company based in Mumbai, Maharashtra that

was incorporated in August 1994.• HDFC Bank is the fifth or sixth largest bank in India by assets and the first largest

bank by market capitalization as of November 1,2012.

• The bank was promoted by the Housing Development Finance Corporation, a premier housing finance company (set up in 1977) of India. As on December 2012,

• HDFC Bank has 2,776 branches and 10,490 ATMs, in 1,399 cities in India, and all branches of the bank are linked on an online real-time basis.

• As of December 2012 the bank had balance sheet size of Rs. 3837 billion. For the fiscal year 2011-12, the bank has reported net profit of 5,167.07 crore (US$940.41 million), up 31.6% from the previous fiscal.

• Revenue US$ 6.487 billion 2012.• Profit US$ 978.3 million 2012

Hdfc sales HDFC SALES

• HDFC Sales, a wholly owned subsidiary of HDFC Limited a company established and operational since 2004.

• In 8 years of operations we have grown to be the largest mortgage distribution company in the country with annual sales exceeding Rs. 20000 crores.

•  We sell mortgage loans in over 144 locations with over 3700 employees. Apart from mortgage sales we also provide financial management solutions to individuals encompassing products from Life Insurance, Mutual Funds and Fixed deposits.

 We are keen to enlist select colleges for recruitment of young graduates in our constant end eavour to expand our sales force.

HDFC Sales is keen to find the correct match for its needs whilst you will be keen to understand the details of the job on offer.

We must have necessary details of the profile of the institution prior to us engaging with them so as make the engagement productive for both entities.

HDFC Home Loan Advantages• Counseling and advisory services for acquiring a property• Instant Home Loan Approval• Widest range of home loan products & services like Home Loans, 

Home Improvement Loans, Home Extension Loans, Loans to professionals for office or clinic, Home Equity Loans (Loan against Property), Short Term Bridging Loan etc.

• Loan from any office for purchase of home anywhere in India.• Loan approval even before a property is selected• Flexible loan repayment options like Step Up Repayment Facility, Flexible

Loan installments Plan, Tranche Based EMI, Accelerated Repayment Scheme• Vast network of over 322 in India, offices in Singapore, London & Dubai and

franchises in the Gulf Cooperation Council (GCC) region. • Click here to find the nearest HDFC Office.• Most experienced and empowered personnel to ensure smooth & easy

processing• Free & safe document storage• Online loan application facility

Features• Maximum loan

80% of the cost of the property (including the cost of the land) and based on the repayment capacity of the customer.

• Maximum Term20 years subject to your retirement age.

• Applicant and Co- Applicant to the loanHome Loans can be applied for either individually or jointly. Proposed owners of the property, will have to be co-applicants. However, the co-applicants need not be coowners.

• Adjustable Rate Home Loa

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• Third Quarter Review 2012-13 :  RBI cuts Repo Rate by 25 bps (i.e. reduced from 8.00% to 7.75%;  Similarly, Bank Rate, Reverse Repo Rate, Marginal Standing Facility  Rates also adjusted i.e. cut by 25 bps.    All these to be from immediate effect.     RBI has also cut 25 bps on CRR and thus it has been reduced from 4.25% to 4.00%, and this will be wef 9/2/2013

• Cash Reserve Ratio (CRR)4.00% (wef   09/02/2013) -announced on 29/01/2013Decreased from 4.25%which was continuing since 30/10/2012

•  • Statutory Liquidity Ratio (SLR)• 23%(w.e.f. 11/08/2012) (announced on 31/07/2012)Decreased from

24% which was continuing since 18/12/2010 •  • Repo Rate under LAF• 7.75% (w.e.f.29/01/2013)• Decreased  from 8.00% which was continuing since 17/04/2012

• Reverse Repo Rate under LAF *• 6.75% (w.e.f.29/01/2013)• Decreased from 7.00% which was continuing since 17/04/2012

Banks rate

• Cash reserve Ratio (CRR) • is the amount of funds that the banks have to keep with the RBI. If the central bank

decides to increase the CRR, the available amount with the banks comes down. The RBI uses the CRR to drain out excessive money from the system. Commercial banks are required to maintain with the RBI an average cash balance, the amount of which shall not be less than 3% of the total of the Net Demand and Time Liabilities (NDTL), on a fortnightly basis and the RBI is empowered to increase the rate of CRR to such higher rate not exceeding 20% of the NDTL.

• Reverse Repo rate•  is the rate at which the RBI borrows money from commercial banks. Banks are

always happy to lend money to the RBI since their money are in safe hands with a good interest.

• An increase in reverse repo rate can prompt banks to park more funds with the RBI to earn higher returns on idle cash. It is also a tool which can be used by the RBI to drain excess money out of the banking system. 

• What is a Repo Rate?

• The rate at which the RBI lends money to commercial banks is called repo rate. It is an instrument of monetary policy. Whenever banks have any shortage of funds they can borrow from the RBI. 

• A reduction in the repo rate helps banks get money at a cheaper rate and vice versa. The repo rate in India is similar to the discount rate in the US

CRR : 4.75% Reverse Repo Rate : 7 % Repo Rate : 8 % SLR : 24% Bank Rate : 9 %

• Interest Rate•   Wef : 6th Feb 2013RPLR: 16.40%

Loan Slabs Applicable Variable rates % ( Monthly Rest Basis )Basis :

RPLR minusSpread

Upto and including Rs 30 lacs

10.15%RPLR - 6.25

Over Rs. 30 lacs 10.40%RPLR - 6.00

Interest Rate

THANK YOU