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A study on HOME LOANS with respect of
STATE BANK OF INDIA
Main Branch, Bellary.
A PROJCT REPORT SUBMITTED TO GULBARGA UNIVERSITY
IN PARTIAL FULFULLMENT OF THE REQUIREMENT FOR THE
AWARD OF
BACHELOR OF BUSINESS MANAGEMENT
GULBARGA UNIVERSITY GULBARGA
GULBARGA UNIVERSITY
Submitted By:
Miss.Rangamma.G
REG.NO 0958905
Batch no. 2010-2011
PROJECT GUIDE:
Mr.R.H.GURUPRASAD BABU M.B.A, M.Phil
S.G.T.COLLEGE, BELLARY
Department of Business Management
SREE GURU THIPPERUDA COLLEGEBELLARY-583103
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DECLARATION
I hereby declare that this project entitled HOME LOANS IN
SBI, MAIN BRANCH, Bellary. Is a record of independent
research work carried by me under the guidance of Mr.GuruPrasad
Babu.M.B.A, M.Phil.
I further declare the findings in the project report are based on the
independent study done by me and this project has not formed the
basis for the award of any degree of any other university.
Place:
Date:
Miss.Rangamma.G
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ACKNOWLEDGEMENT
I take this opportunity to thank S.G.T. College, Bellary
for giving me an opportunity to pursue my BBM studies.
I thank Sri. S.N.Rudrappa CA Honorable Chairman,
Sree Thipperudra Education Trust, Bellary for providing
me an opportunity to carryout the project.
I thankful to Mr.K.Ram Kiran MBA, Honorable Principal
Sree Guru Thipperudra College, Bellary
I convey my whole hearted thanks to Sri H.R.Bala
Nagraj MBA, LLB (spl), Head of the Department for the
opportunity and support.
I am extremely thankful to internal guide Mr.R.H.
GuruPrasad Babu.M.B.A, M.Phil. for providing me excellent
guidance during the course of my project work.
I am extremely thankful to external guide Mr.Srinivas
Rao for providing me excellent guidance during the
course of my project work.
I am thankful to all the respondents who provided me
with valuable information during my survey.
Date:
Place:
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Certificate
This is to certify that Miss.RANGAMMA.G has completed
project work entitled HOME LOANS in State bank of India,
Main Branch, Bellary as a partial requirement for the award of
BBM.
This project was undergone for the period of 30 days and a
copy of project report has been submitted to the institution.
H.R. BALA NAGARAJ,MBA, LLB (Spl)
HEAD OF THE DEPARTMENT
S.G.T COLLEGE, BELLARY
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CERTIFICATE
This is to certify that the Ms. Rangamma. G. Student Bachelor of
Business Management of this college has prepared her project report entitled
HOME LOANS IN STATE BANK OF INDIA, MAIN BRANCH,
BELLARY. Under my guidance is partial fulfillment of the requirement
for the award of Bachelors Degree in Business Management of Gulbarga
University, Gulbarga.
Place: Bellary
Date:
Mr. R.H.Guruprasad Babu. M.B.A, M.Phil
PROJECT GUIDE
SGT College, Bellary.
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EXCUTIVE SUMMARY
Purchasing and moving into a dream house would generally rank among thetop three things on the wish list of most people.
Finance is referred as the provision of money at a time when it is require.
Every enterprise needs finance to carry on its operations and achieve its
targets. Finance is so indispensable, therefore it is defined as life blood of
an enterprise without adequate finance no enterprise thinks of its existence.
The study entitled Home Loan is aimed at knowing the concept of Home
Loan to learn the important features like eligibility, documentations,
disbursement, interest rater, EMI etc.
A few decades ago finding a bank for financing Home Loan was not so
easy. But now taking a home loan has become very simpler.
Earlier the Home Loan sector in India was solely dependent on nationalized
and public sector banks, but the entry of public sector banks into the Home
finance business marked the beginning of the first round of interest rates
cuts. And this reduction in interest rates has enhanced the borrowing power
of customers. Moreover, HFCs are offering incentives to attract investors
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like, without taking pre-requisite for eligibility, free insurance, low interest
rates and waving of processing fees etc.
SBI Home Loan is one of the most simple and customer friendly Home
Loan across India. The Home Loan offers many facilities to the customer
that help them materialize their dream Home plans better. The SBI Home
Loan comes with attractive packages and exclusive benefits.
The bank offers some unique SBI Home Loan facilities like free personal
accidental insurance cover and optional group insurance form SBU Life.
The SBI Home Loan offers you the facility to club your income with the
income of your spouse and children to get the maximum loan amount.
You can also club the expected accountable rent from the mortgaged
property to get the correct loan amount. There are special facilities for the
teachers, government employees and for the employees of public sector oil
companies. Attractive EMI facilities and application of interest in the daily
diminishing balance basis make the SBI Home Loan more desirable.
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HOME LOAN IN SBI
Introduction
Owing a piece of land or property is a lifetime dream for every individual. There
are many Home Loans provider in the market to make your dream come true.
But before opt for any home loan provider, need to consider certain factors related
to property that interested in buying and also about the salient and also stud
some home loans in applying a home loan in India. Purchasing and moving into a
dream home would generally rank among the top three things on the wish list o
most people.
A few decades ago finding a bank for financing Home Loan was not so easy. But
now taking Home Loan has become very simpler. The RBI has been regularly
stashing interest rates, with the result that Home finance loans that came at an
interest rate of 16.5% to 18% four years ago are now available at 11.5% to 13%
or lower. Each year the finance ministers generosity during the budget seems to
be slowly concentrated for the Home sector and construction sector.
In their quest for attracting more and more customer for Home Loans most of the
banks have sanctioned loans without taking applicants capacity to repay loan into
consideration. The result: banks have to initiate legal process under securitizatio
act. To avoiding legal complication a few private banks have embarked on to
create awareness among the prospective application for Housing Loans.
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HOME LOAN IN SBI
Introduction
Owing a piece of land or property is a lifetime dream for every individual. There
are many Home Loans provider in the market to make your dream come true.
But before opt for any home loan provider, need to consider certain factors related
to property that interested in buying and also about the salient and also stud
some home loans in applying a home loan in India. Purchasing and moving into a
dream home would generally rank among the top three things on the wish list o
most people.
A few decades ago finding a bank for financing Home Loan was not so easy. But
now taking Home Loan has become very simpler. The RBI has been regularly
stashing interest rates, with the result that Home finance loans that came at an
interest rate of 16.5% to 18% four years ago are now available at 11.5% to 13%
or lower. Each year the finance ministers generosity during the budget seems to
be slowly concentrated for the Home sector and construction sector.
In their quest for attracting more and more customer for Home Loans most of the
banks have sanctioned loans without taking applicants capacity to repay loan into
consideration. The result: banks have to initiate legal process under securitizatio
act. To avoiding legal complication a few private banks have embarked on to
create awareness among the prospective application for Housing Loans.
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Table of contents:
Page no.CHAPTER-1:
INTRODUCTION...................................................................... 1
TITLE OF THE STUDY 2
OBJECTIVES OF THE STUDY 2
METHODOLOGY. 3
LIMITATIONS.. 3
CHAPTER-2:PROFILE OF REGION UNDER STUDY 4-8
INDUSTRY PROFILE.. 9-12
COMPANY PROFILE.. 13-21
CHAPTER-3:
CONCEPTUAL FRAMEWORK OF HOUSING LOA.. 22-35
RBI NORMS TOWARDS HOUSING LOAN .. 36-43
CHAPTER-4:
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CREDIT APPRAISAL 44-45
HOUSING LOAN PRACTCIES IN SBI 46-73
CHAPTER-5:
DATA ANALYSIS AND INTERPRATION.. 74-79
CHATER-6:
FINDINGS 80-81
SUGGESIONS. 82
CONCLUSION 83
BIBLIOGRAPHY
CHAPTER-1
INTRODUCTION
TITLE OF THE STUDY
OBJECTIVES OF THE STUDY
METHODOLOGY
LIMITATIONS
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CHAPTER 2
PROFILE OF REGION UNDER STUDY
INDUSTRY PROFILE
COMPANY PROFILE
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CHAPTER-3
CONCEPTUAL FRAMEWORK OF
HOME LOANS
RBI NORMS TOWARDS HOUSING
LOANS
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CHAPTER-4
CREDIT APPRAISAL OF HOME LOAN
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HOME LOAN PRACTICES IN SBI
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CHAPTER-5
DATA ANALYSIS AND INTERPRETATION
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CHAPTER-6:
FINDINGS
SUGGESIONS
CANCLUSION