Hdbfs (1).docx

Study on “Loans Provided By HDB Financial Services” A Project report submitted in partial fulfillment for the award of the degree of MASTER OF BUSINESS ADMINISTRATION

TABLE OF CONTENTS

S.No

Name of the Topic

Pg No

1.

Company Profile

6

2.

Introduction

7

3.

Types of Loan

8

4.

Findings

37

5.

Conclusion

37

6.

Bibliography

38

COMPANY PROFILE: HDB Financial Services Limited, a non-banking financial company, provides financing, collection, and insurance services in India. Incorporated in 2008, we are a well-established business with strong capitalization. HDBFS is accredited with CARE AAA & CRISIL AAA ratings for its long-term debt & Bank facilities and an A1+ rating for its short-term debt & commercial papers, making it a strong and reliable financial institution.The company operates through Lending Business and BPO Services segments. It offers secured and unsecured loans, including personal and business, doctor's, auto, gold, new to credit, enterprise business, consumer durables, construction equipment, commercial vehicle, and tractor loans. The company also provides loans against property, shares, ESOPs, securities, life insurance policies, KVP/NSC, mutual funds, bonds, and lease rentals, as well as credit card balance payment loans. In addition, it offers business process outsourcing services, which delivers back office.

INTRODUCTION: What is Loan? A loan is money, property or other material goods given to another party in exchange for future repayment of the loan value amount, along with interest or other finance charges. A loan may be for a specific, one-time amount or can be available as an open-ended line of credit up to a specified limit or ceiling amount. Loans can come from individuals, corporations, financial institutions and governments. They offer a way to grow the overall money supply in an economy, as well as open up competition and expand business operations. The interest and fees from loans are a primary source of revenue for many financial institutions, such as banks, as well as some retailers through the use of credit facilities. How a Loan Works The terms of a loan are agreed to by each party in the transaction before any money or property changes hands. If the lender requires collateral, this requirement will be outlined in the loan documents. Most loans also have provisions regarding the maximum amount of interest, as well as other covenants such as the length of time before repayment is required. HDB Financial Services provides various loans

TYPES OF LOANS:  Personal Loan  Credit Loan  Doctors Loan  Business Loan  Auto Loan  Two wheeler Loan  Gold Loan  Loan Against Property  Enterprise Business Loan  Loan against Shares  Credit Card Balance  Loan Against ESOPS PERSONAL LOAN: This loan is Provided for occasions like wedding, joining your child in a school, for vacations, to fulfill and achieve your dreams and goals. FEATURES & BENEFITS: 

Loan upto 20 lakhs



Tenure ranging from 12 to 60 months



No Security required



Convenience of doorstep service



Quick and speedy processing



Attractive rate of Interest



Free documentation



Special offer for employees of selected companies

ELIGIBILITY CRITERIA: Salaried Individuals include Salaried Doctors, CAs, employees of select Public and Private limited companies, Government Sector employees including public sector undertakings: Eligibility Criteria: 

Minimum age of applicant: 21 years



Maximum age of applicant at loan maturity: 60 years (Or retirement, whichever is earlier) (65 years for Government Employees. Conditions Apply)



Minimum employment: Minimum 1 year in employment with minimum 1-month salary credit in the current organisation



minimum Net Monthly Income: ₹ 20,000 for Metro Locations (Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Kolkata, Mumbai & Pune) & ₹ 15,000 for All Other Locations.

Self-employed (Professionals) include self-employed Doctors, Chartered Accountants, Architects, and Company Secretaries. Eligibility Criteria 

Minimum age of Applicant: 22 years



Maximum age of Applicant at loan maturity: 65 years



Years in business: Minimum 3 years

Minimum Annual Income: ₹ 100000/- p.a. for Metro Locations & ₹ 75,000/- p.a. for non-metro locations.

Self-employed (Individuals) include self-employed - Sole proprietors, Partners & Directors in the Business of Manufacturing, Trading or Services. Eligibility Criteria 

Minimum age of Applicant: 22 years



Maximum age of Applicant at loan maturity: 65 years



Years in business: Minimum 4 years with minimum 2 years in the same Business



Minimum Annual Income: ₹ 100000/- p.a. for Metro Locations & ₹ 75,000/- p.a. for nonmetro locations.

Self-employed (Pvt Cos and Partnership Firms) include Private Companies and Partnership firms in the Business of Manufacturing, Trading or Services Eligibility Criteria 

Minimum age of Applicant: 22 years



Maximum age of Applicant at loan maturity: 65 years



Years in business: Minimum 4 years with minimum 2 years in the same Business



Minimum Annual Income: ₹ 100000/- p.a. for Metro Locations & ₹ 75,000/- p.a. for nonmetro locations.



Business must be profit making for the last 2 years

DOCUMENTS REQUIRED: Salaried Individuals include Salaried Doctors, CAs, employees of select Public and Private limited companies, Government Sector employees including public sector undertakings: Documents required: 

Proof of Identity: Passport / Voters ID / Driving License/PAN Card/Aadhar Card/ Photo Ration Card



Address Proof: Ration card /Driving License/ Voter ID/ Utility Bill (anyone within last 3 months) / Registered Rental Agreement / Passport



Date of Birth Proof: Driving License / PAN Card / Passport / Birth Certificate / 10th / 12th mark sheet bearing date of birth



Bank Statements: Latest 3 Months bank statements / 6 months’ bank passbook



Latest 3 Months Salary Slip along with latest Form 16 / ITR / Appointment Letter.

Self-employed (Professionals) include self-employed Doctors, Chartered Accountants, Architects, and Company Secretaries. Documents required: 

Proof of Identity: Passport / Voters ID / Driving License/PAN Card/Aadhar Card/ Photo Ration Card



Address Proof: Ration card /Driving License/ Voter ID/ Utility Bill (anyone within last 3 months) / Registered Rental Agreement / Passport



Date of Birth Proof: Driving License / Pan Card / Passport Copy / Birth Certificate / 10th / 12th mark sheet bearing date of birth



Bank Statements: Latest 3 months bank statements / 6 months’ bank passbook



Latest ITR along with computation of income, B/S & P&L a/c for the last 2 years certified by a CA

Self-employed (Individuals) include self-employed - Sole proprietors, Partners & Directors in the Business of Manufacturing, Trading or Services. Documents required: 

Proof of Identity: Passport / Voters ID / Driving License/PAN Card/Aadhar Card /Photo Ration Card



Address Proof: Ration card /Driving License/ Voter ID/ Utility Bill (anyone within last 3 months) / Registered Rental Agreement / Passport



Date of Birth Proof: Driving License / Pan Card / Passport Copy / Birth Certificate / 10th / 12th mark sheet bearing date of birth



Bank Statements: Latest 3 Months bank statements / 6 months’ bank passbook



Latest ITR along with computation of income, B/S & P&L a/c for the last 2 years certified by a CA



Proof of continuation: Trade license /Establishment /Sales Tax certificate



Other Mandatory Documents (Sole Prop. Decl. Or Cert. Copy of Partnership Deed, Cert. Copy of MOA, AOA & Board resolution.)

Self-employed (Pvt Cos and Partnership Firms) include Private Companies and Partnership firms in the Business of Manufacturing, Trading or Services Documents required: 

Proof of Identity: Passport / Voters ID / Driving License/PAN Card/Aadhar Card / Photo Ration Card



Address Proof: Ration card /Driving License/ Voter ID/ Utility Bill (anyone within last 3 months) / Registered Rental Agreement / Passport



Date of Birth Proof: Driving License / Pan Card / Passport Copy / Birth Certificate / 10th / 12th mark sheet bearing date of birth



Bank Statements: Latest 3 Months bank statements / 6 months’ bank passbook



Latest ITR along with computation of income, B/S & P&L a/c for the last 2 years certified by a CA



Proof of continuation: Trade license /Establishment /Sales Tax certificate/ SSI Registration



Other Mandatory Documents (Sole Prop. Decl. Or Cert. Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association (Certified by Director) & Board resolution (Original).)

NEW TO CREDIT LOAN: No, CIBIL or Equifax score need not be a deterrent when you apply for Loans or Credit. As a first time borrower, the usual challenge is discovering lenders who are willing to lend to you due to limited or no credit history. To address this challenge, HDB offers you customized Loan aimed for first time borrower like yourself. 

Our proprietary New-To-Credit profiling engine starts off with data from the bureaus.



We then further build on it with secondary information from non-traditional data sources.



These non-traditional data sources help us to understand you better and make products available to you despite your limited credit history.

Simple user interface helps you easily apply for loan at attractive interest rates, tenor and EMIs so that you do not have to make a product decision in the dark. Get a loan and at the same time build your credit score and history. FEATURES & BENEFITS: 

Loan Amount Upto 1.50 lacs



Loan tenor – 6 / 12 / 18 months



Leverage the power of your social profile to access credit



Decide based on what you can afford and what is best for you

ELIGIBILITY CRITERIA: 

Minimum age of 24 years



Salaried Individual with - Minimum 1 years of post-qualification experience



Employed with Select Corporate

REQUIRED DOCUMENTS: Salaried Individuals include Salaried Doctors, CAs, employees of select Public and Private limited companies, Government Sector employees including public sector undertakings: Documents required: 

Proof of Identity: Passport / Voters ID / Driving License/PAN Card/Aadhar Card/ Photo Ration Card



Address Proof: Ration card /Driving License/ Voter ID/ Utility Bill (anyone within last 3 months) / Registered Rental Agreement / Passport



Date of Birth Proof: Driving License / PAN Card / Passport / Birth Certificate / 10th / 12th mark sheet bearing date of birth



Bank Statements: Latest 3 Months bank statements / 6 months’ bank passbook



Latest 3 Months Salary Slip along with latest Form 16 / ITR / Appointment Letter.

Loan for Doctors/ Medical Practitioners: HDB recognize your services and provide a range of schemes for easy loans. Schemes are perfect for expanding scale of operations, provide better treatment facilities, raise the level of service, etc. They provide a low interest rate and quick approval. FEATURES & BENEFITS: 

Loan to Individual Doctors & Medical Practitioners.



No Guarantors or collaterals required



Choose from flexible repayment tenure – ranging from 12 months to 60 months



The loan is available for following purposes: o

Any personal purpose including purposes for meeting expenses of professional requirement.

o

Development of Clinic / Clinic-cum-residence, Nursing Home, Pathological Laboratory.

o

Purchase of medical / diagnostic equipment, setting up of operation theatre etc.

o

Purchase of office equipment viz. computers, fax, air-conditioners and furniture etc.

o

Purchase of car, ambulance, etc.

o

Expansion/ renovation/ modernization of existing premises/ Clinic/ Nursing Home.

o

Working Capital requirement including stock of medicines.

ELIGIBILITY CRITERIA: 

Maximum age: 65 years on date of sanction of loan.



Graduate Doctors (MBBS/BDS) / Post Graduate Doctors (MD/DM/MS/MCH/MDS) Minimum 4 years of post-qualification experience.



Own House/Clinic (Parental/own house in any location where HDBFS operates)

REQUIRED DOCUMENTS: 

Income Documents – ITR for last 2 years



Education qualification certificates



Identity proof



Address proof



Property ownership proof( either office / residence)

BUSINESS LOAN: Growth & Expansion of business is a pivotal need for every entrepreneur. FEATURES & BENEFITS: 

Loans up to ₹ 30 Lakhs



Tenure ranging from 12 to 60 months



No guarantor/security required



Convenience of doorstep service



Attractive Rate of Interest



Minimum & Hassle-free Documentation



Special offers for self-employed Doctors

ELIGIBILITYCRITERIA: Self-employed (Professionals) include self - employed Doctors, Chartered Accountants, Architects, and Company Secretaries. Eligibility Criteria 

Minimum age of applicant: 22 years



Maximum age of applicant at loan maturity: 65 years



Years in business: Minimum 3 years



Minimum Annual Income: ₹ 1, 00,000 p.a. for Metro locations & ₹ 75,000 p.a. for other locations.

Self-employed (Individuals) include self-employed - Sole proprietors, Partners & Directors in the Business of Manufacturing, Trading or Services. Eligibility Criteria 

Minimum age of Applicant: 21 years



Maximum age of Applicant at loan maturity: 65 years



Years in business: Minimum 4 years with at least 2 years in the same Business



Minimum Annual Income: ₹ 1, 00,000/- p.a. for Metro locations & ₹ 75,000 p.a. for NonMetro locations

Self-employed (Pvt Cos and Partnership Firms) include Private Companies and Partnership firms in the Business of Manufacturing, Trading or Services Eligibility Criteria 

Minimum age of Applicant: 22 years



Maximum age of Applicant at loan maturity: 65 years



Years in business: Minimum 4 years with minimum 2 years in the same Business



Minimum Annual Income: ₹ 100000/- p.a. for Metro Locations & ₹ 75,000/- p.a. for nonmetro locations.



Business must be profit making for the last 2 years

REQUIRED DOCUMENTS: Self-employed (Professionals) include self - employed Doctors, Chartered Accountants, Architects, and Company Secretaries. Documents required: 

Proof of Identity: Passport / Voters ID / Driving License/PAN Card/Aadhar Card/ Photo Ration Card



Address Proof: Ration card /Driving License/ Voter ID/ Utility Bill (anyone within last 3 months) / Registered Rental Agreement / Passport



Date of Birth Proof: Driving License / Pan Card / Passport Copy / Birth Certificate / 10th / 12th mark sheet bearing date of birth



Bank Statements: Latest 3 Months bank statements / 6 months’ bank passbook



Latest ITR along with computation of income, B/S & P&L a/c for the last 2 years certified by a CA

Self-employed (Individuals) include self-employed - Sole proprietors, Partners & Directors in the Business of Manufacturing, Trading or Services. Documents required: 

Proof of Identity: Passport / Voters ID / Driving License/PAN Card/Aadhar Card /Photo Ration Card



Address Proof: Ration card /Driving License/ Voter ID/ Utility Bill (anyone within last 3 months) / Registered Rental Agreement / Passport



Date of Birth Proof: Driving License / Pan Card / Passport Copy / Birth Certificate / 10th / 12th mark sheet bearing date of birth



Bank Statements: Latest 3 Months bank statements / 6 months’ bank passbook



Latest ITR along with computation of income, B/S & P&L a/c for the last 2 years certified by a CA



Proof of continuation: Trade license /Establishment /Sales Tax certificate



Other Mandatory Documents (Sole Prop. Decl. Or Cert. Copy of Partnership Deed, Cert. Copy of MOA, AOA & Board resolution.)

Self-employed (Pvt Cos and Partnership Firms) include Private Companies and Partnership firms in the Business of Manufacturing, Trading or Services Documents required: 

Proof of Identity: Passport / Voters ID / Driving License/PAN Card/Aadhar Card / Photo Ration Card



Address Proof: Ration card /Driving License/ Voter ID/ Utility Bill (anyone within last 3 months) / Registered Rental Agreement / Passport



Date of Birth Proof: Driving License / Pan Card / Passport Copy / Birth Certificate / 10th / 12th mark sheet bearing date of birth



Bank Statements: Latest 3 Months bank statements / 6 months’ bank passbook



Latest ITR along with computation of income, B/S & P&L a/c for the last 2 years certified by a CA



Proof of continuation: Trade license /Establishment /Sales Tax certificate/ SSI Registration



Other Mandatory Documents (Sole Prop. Decl. Or Cert. Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association (Certified by Director) & Board resolution (Original).)

AUTO LOAN: HDB offers the best in class deals on Auto Loan. They offer quick doorstep service to fulfil your dreams. They offer three types of auto loans: 1. New Car Purchase 2. Used Car Purchase 3. Used Car Re-finance FEATURES & BENEFITS: New Car Purchase

Used Car Purchase

Used Car Re-finance

• Top up on existing vehicle

• Top up on existing vehicle

• Top up on existing vehicle

loans.

loans.

loans.

• Loan up to 90% of the

• Loan up to 90% of the

• Loan up to 90% of the

vehicle value.

vehicle value.

vehicle value.

• Tenure ranging from 12 to

• Tenure ranging from 12 to

• Tenure ranging from 12 to

48 months

48 months

48 months

New Car Purchase

Used Car Purchase

Used Car Re-finance

• Quick and Speedy

• Quick and Speedy

• Quick and Speedy

processing

processing

processing

• Attractive Rate of Interest

• Attractive Rate of Interest

• Attractive Rate of Interest

• Minimum/Hassle free

• Minimum/Hassle free

• Minimum/Hassle free

Documentation

Documentation

Documentation

• Repayment through

• Repayment through

• Repayment through

convenient EMI's.

convenient EMI's.

convenient EMI's.

ELIGIBILITY CRITEERIA: Salaried Individuals: Eligibility Criteria 

Minimum age of applicant: 21 years



Maximum age of applicant at loan maturity: 58 years (60 years for Central Government, Employees)



Employment: Minimum 3 years in employment and minimum 1 year in the current organization



Minimum Net Monthly Income: ₹ 35,000 per month.

Self Employed (Non-Professionals, Individual & Proprietorship firms): Eligibility Criteria: 

Minimum age of applicant: 21 years



Maximum age of applicant at loan maturity: 65 years



Years in business: Minimum 3 years in the same business



Minimum Annual Income: ₹ 200,000 per annum.

Self Employed (Partnership Firms & Private Limited Company): Eligibility Criteria 

Minimum age of applicant: 21 years



Maximum age of applicant at loan maturity: 65 years



Years in business: Minimum 3 years in the same business



Minimum Annual Income: ₹ 200,000 per annum.

REQUIRED DOCUMENTS: Salaried Individuals: Documents required: 

Proof of Identity: Passport / Voters ID / Driving License/PAN Card/Photo Credit Card / Photo Ration Card/ Employee ID card for Govt.& PSU employees



Address Proof: Ration card /Driving License/ Voter ID/ Utility Bill (anyone within last 3 months) / Registered Rental Agreement / Passport



Bank Statements - Latest 3 Months bank statements / 6 months’ bank passbook



Latest 3 Months Salary Slip along with latest Form 16 / ITR / Appointment Letter.

Self Employed (Non-Professionals, Individual & Proprietorship firms): Documents required: 

Proof of Identity: Passport / Voters ID / Driving License/ PAN Card/ Shops & Establishment certificate/ Trade license certificate/ SSI registration certificate/ Sales Tax / VAT registration certificate



Address Proof: Utility Bill (anyone within last 3 months) /Shops & Establishment certificate/Trade license certificate/ SSI registration certificate- Sales Tax /VAT registration certificate/Ration card /Driving License/ Voter ID / Registered Rental Agreement / Passport



Bank Statements - Latest 3 Months bank statements / 6 months’ bank passbook



Latest 2 years ITR along with computation of Income and latest 2 years Audited Financials required (if applicable) along with Audit Report

Self Employed (Partnership Firms & Private Limited Company): Documents required: 

Partnership deed for firms / Memorandum of Association for companies



Address Proof: Utility Bill (anyone within last 3 months) /Shops & Establishment certificate/ Trade license certificate/ SSI registration certificate- Sales Tax /VAT registration certificate/ Registered Rental Agreement



Bank Statements - Latest 3 Months bank statements / 6 months’ bank passbook



Latest 2 years ITR along with computation of Income and latest 2 years Audited Financials required (if applicable) along with Audit Report/ Latest ITR to be filed at least 60 days prior to login of file



Proof of continuation (Trade license / Establishment / Sales Tax certificate/ SSI Registration).

TWO WHEELER LOAN: HDB Financial Services brings to you attractive deals on Two Wheeler Loan with low downpayment schemes. 24x7 Road side assistance will be provided with Two Wheeler Loan at no additional cost. FEATURES & BENEFITS: 

Quick Approval



Minimal Documentation



Avail Loan up to 95% of the on-road price of scooter/bike.



Flexible loan tenure ranging from 12 months to 36 months



Easy Repayment



Attractive Interest Rate



Road Side Assistance.

ELIGIBILITY CRITERIA: 

Applicant should be a resident of India



Minimum Age: 21 years



Applicant should be Salaried/ Self-Employed



Applicant must not exceed 58 years at end of loan tenure (for Salaried), 60 years at end of loan tenure (for Govt. Salaried) & 65 years at end of loan tenure (for Self-Employed)



Minimum Net take home Salary of Rs.10,000/- per month for Salaried applicants



Minimum ITR of Rs.1.20 lakhs annually for Self Employed applicants

REQUIRED DOCUMENTS: 

Proof of Identity (Any One) o





Passport / Voter's ID/ Driving License/ PAN Card/ Aadhar Card

Proof of Address: (Any One) o

Driving License/ Voter's ID/ Utility Bill (Any One within last 3 months) OR

o

Registered Rental Agreement / Passport

Income Proof: (Applicable for Income proof program) o

Salaried: Latest Salary slip/ Last 3 months Bank Statement reflecting Salary credits/ Latest Form 16/ Latest ITR

o

Self-Employed: Latest ITR/ Latest Tax Challan with ITS 2/ Latest Sales Tax Return/ Latest Audited Certified Reports/ TDS Certificate for same FY



Surrogate proof (In lieu of Income proof): o

Own House proof / Agricultural Land ownership proof / Bank Statement – Last 3 months/ Own Car proof / Debit Card / Credit Card)

GOLD LOAN: Gold is one of the safest and most liquid forms of commodity. FEATURES & BENEFITS: 

Tenure up to 48 months



Loan up to ₹ 20 Lakhs



Loan up to 75% the value of gold.



Attractive interest ratessafety and security of your gold jewellery



Flexible repayment options



No hidden charges

ELIGIBILITY CRITERIA: Whether you are a salaried individual, professional or a businessman, we have loan designed to suit your requirement Eligibility Criteria 

Minimum age of applicant: 21 years



Maximum age of applicant at loan maturity: 65 years



Gold jewellery should be owned by the applicant or any of the family members

REQUIRED DOCUMENTS: Whether you are a salaried individual, professional or a businessman, we have loan designed to suit your requirement Documents required: 

Proof of Identity - (Passport / Voter's ID / Driving License/PAN Card/Aadhar Card)



Signature Proof (Passport /Driving License/Banker's verification)



Address Proof- (Ration card /Driving License/ Voter's ID / Utility Bill (any one within last 3months) / Registered Rental Agreement. / Credit Card Statement / Passport)



Date of Birth Proof (Driving License / PAN Card / Passport / Birth Certificate / 10th / 12th mark sheet bearing date of birth)



2 passport size photographs

LOAN AGAINST PROPERTY: Loan against Property is an ideal way to utilize and leverage your property to its full potential. This all-purpose loan will help you fulfil your dream of taking your business to the next level or have that home renovation you have been waiting for. Be it business or personal financial requirements, you can mortgage your Residential or Commercial property to avail an attractive low EMI Loan Against Property. FEATURES & BENEFITS: 

Loan up to 8 Crore



Loan up to 60% of the market value of the property



Tenure up to 180 months



Attractive interest rates



Simple and speedy processing



Balance transfer facility - Lets you retire your high cost debt



Loan against Rent Receivables - Lease rental discounting



Loans to purchase a new shop or office for your business

ELIGIBILITY CRITERIA: No specific criteria REQUIRED DOCUMENTS: DOCUMENTATION Whether you are a salaried individual, self-employed individual, partnership firm or private limited company, we have a loan designed to suit your requirement.

Documents required Salaried Individuals: 

Proof of Residence - Any one of Ration Card / Telephone Bill / Electricity Bill / Voters Card.



Proof of Identity - Any one of Voters Card / Drivers Licence / Employers Card.



Latest Bank Statement / Passbook (where salary / income is credited for the past 6 months).



Latest 3 Months Salary Slip with all deductions & Form 16 for the last 2 years



Copies of all Property Documents.

Self Employed: 

Certified Financial Statement for the last 2 years



Proof of Residence - Any one of Ration Card / Telephone Bill / Electricity Bill / Voters Card.



Proof of Identity - Any one of Voters Card / Drivers Licence / Employers Card.



Latest Bank Statement / Passbook (where salary / income is credited for the past 6 months).



Copies of all Property Documents.

ENTERPRISE BUSINESS LOAN: Growth & Expansion of business is a pivotal need for every entrepreneur. For expansion comes the need for funding, whether it is working capital for a big order or setting up new machinery for faster production. FEATURES & BENEFITS: 

Loans up to 30 Lakhs



Tenure ranging from 12 to 60 months



No guarantor/security required



Convenience of doorstep service



Attractive Rate of Interest



Minimum & Hassle-free Documentation



Special offers for self-employed Doctors

ELIGIBILITY CRITERIA: Self-employed (Professionals) include self - employed Doctors, Chartered Accountants, Architects, and Company Secretaries. Eligibility Criteria 

Minimum age of applicant: 22 years



Maximum age of applicant at loan maturity: 65 years



Years in business: Minimum 3 years



Minimum Annual Income: ₹ 1, 00,000 p.a. for Metro locations & ₹ 75,000 p.a. for other locations.

Self-employed (Individuals) include self-employed - Sole proprietors, Partners & Directors in the Business of Manufacturing, Trading or Services. Eligibility Criteria 

Minimum age of Applicant: 21 years



Maximum age of Applicant at loan maturity: 65 years



Years in business: Minimum 4 years with at least 2 years in the same Business



Minimum Annual Income: ₹ 1, 00,000/- p.a. for Metro locations & ₹ 75,000 p.a. for NonMetro locations.

Self-employed (Pvt Cos and Partnership Firms) include Private Companies and Partnership firms in the Business of Manufacturing, Trading or Services Eligibility Criteria 

Minimum age of Applicant: 22 years



Maximum age of Applicant at loan maturity: 65 years



Years in business: Minimum 4 years with minimum 2 years in the same Business



Minimum Annual Income: ₹ 100000/- p.a. for Metro Locations & ₹ 75,000/- p.a. for nonmetro locations.



Business must be profit making for the last 2 years

REQUIRED DOCUMENTS: Self-employed (Professionals) include self - employed Doctors, Chartered Accountants, Architects, and Company Secretaries. Documents required: 

Proof of Identity: Passport / Voters ID / Driving License/PAN Card/Aadhar Card/ Photo Ration Card



Address Proof: Ration card /Driving License/ Voter ID/ Utility Bill (anyone within last 3 months) / Registered Rental Agreement / Passport



Date of Birth Proof: Driving License / Pan Card / Passport Copy / Birth Certificate / 10th / 12th mark sheet bearing date of birth



Bank Statements: Latest 3 Months bank statements / 6 months’ bank passbook



Latest ITR along with computation of income, B/S & P&L a/c for the last 2 years certified by a CA

Self-employed (Individuals) include self-employed - Sole proprietors, Partners & Directors in the Business of Manufacturing, Trading or Services. Documents required: 

Proof of Identity: Passport / Voters ID / Driving License/PAN Card/Aadhar Card /Photo Ration Card



Address Proof: Ration card /Driving License/ Voter ID/ Utility Bill (anyone within last 3 months) / Registered Rental Agreement / Passport



Date of Birth Proof: Driving License / Pan Card / Passport Copy / Birth Certificate / 10th / 12th mark sheet bearing date of birth



Bank Statements: Latest 3 Months bank statements / 6 months’ bank passbook



Latest ITR along with computation of income, B/S & P&L a/c for the last 2 years certified by a CA



Proof of continuation: Trade license /Establishment /Sales Tax certificate



Other Mandatory Documents (Sole Prop. Decl. Or Cert. Copy of Partnership Deed, Cert. Copy of MOA, AOA & Board resolution.)

Self-employed (Pvt Cos and Partnership Firms) include Private Companies and Partnership firms in the Business of Manufacturing, Trading or Services Documents required: 

Proof of Identity: Passport / Voters ID / Driving License/PAN Card/Aadhar Card / Photo Ration Card



Address Proof: Ration card /Driving License/ Voter ID/ Utility Bill (anyone within last 3 months) / Registered Rental Agreement / Passport



Date of Birth Proof: Driving License / Pan Card / Passport Copy / Birth Certificate / 10th / 12th mark sheet bearing date of birth



Bank Statements: Latest 3 Months bank statements / 6 months’ bank passbook



Latest ITR along with computation of income, B/S & P&L a/c for the last 2 years certified by a CA



Proof of continuation: Trade license /Establishment /Sales Tax certificate/ SSI Registration



Other Mandatory Documents (Sole Prop. Decl. Or Cert. Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association (Certified by Director) & Board resolution (Original).)

LOAN AGAINST ESOPS & SHARES: While being part of the Employee Stock Ownership Plan (ESOP) is a definite asset, you can now utilise it to meet your liquid cash requirements. FEATURES & BENEFITS: 

Loan of up to 50% of the value of shares



Option of EMI-based repayment or interest only payment



Instant credit



Attractive interest rates



Shares can be pledged from any Depository participant across the country



Simple and hassle-free

ELIGIBILITY CRITERIA: Salaried Individuals include salaried Doctors, CAs, employees of select public and private limited companies,

Government sector employees including public sector undertakings:

Eligibility Criteria 

Minimum age of applicant: 21 years



Maximum age of applicant at loan maturity: 58 years (60 years for Central Government employees)



Minimum employment: 3 years in total and a minimum 1 year in the current organisation



Minimum Net Monthly Income: ₹ 7,500 per month (₹ 10,000 in Mumbai, Delhi & Bangalore)

Self-employed (Professionals) include self - employed Doctors, Chartered Accountants, Architects, and Company Secretaries. Eligibility Criteria 

Minimum age of applicant: 21 years



Maximum age of applicant at loan maturity: 65 years



Years in business : Minimum 4 years with atleast 2 years in the same business



Minimum Annual Income: Rs. 1,00,000 p.a. for metropolitan locations & Rs. 75,000 p.a. for locations

Self Employed (Individuals) include Sole proprietors, Partners & Directors in the Business of Manufacturing, Trading or Services.

Eligibility Criteria 

Minimum age of applicant: 21 years



Maximum age of applicant at loan maturity: 65 years



Years in business: Minimum 4 years with atleast 2 years in the same business



Minimum Annual Income: Rs. 100000/- p.a. for metropolitan locations & Rs. 75,000 p.a. for other locations.

Self Employed (Private Companies and Partnership Firms) include Private Companies and Partnership firms in the Business of Manufacturing, Trading or Services Eligibility Criteria 

Years in business: Minimum 4 years from commencement of business



Business must be in profit for the last 2 years



Minimum Annual Income: Rs. 1,00,000 p.a. for metropolitan locations & Rs. 75,000 p.a. for other locations

REQUIRED DOCUMENTS: Salaried Individuals include salaried Doctors, CAs, employees of select public and private limited companies, Government sector employees including public sector undertakings: Documents required: 

Proof of Identity (Passport / Voters ID / Driving Licence/PAN Card)



Address Proof (Ration card /Driving License/ Voter ID / Utility Bill (any one, within the last 3months) / Registered Rental Agreement / Passport)



Date of Birth Proof (Driving Licence / PAN Card / Passport / Birth Certificate / 10th or 12th marksheet which bears the date of birth)



Bank Statements (The latest 3-month bank statement / 6-month bank passbook)



Latest 2 months’ salary slip, along with latest Form 16 / ITR / Appointment Letter

Self-employed (Professionals) include self - employed Doctors, Chartered Accountants, Architects, and Company Secretaries. Documents required: 

Proof of Identity (Passport / Voters ID / Driving Licence/PAN Card)



Address Proof (Ration card /Driving Licence/ Voter Id Card/ Utility Bill (any one within the last 3months) / Registered Rental Agreement / Passport / Trade licence /Est./Sales Tax certificate).



Date of Birth Proof (Driving Licence / PAN Card / Passport / Birth Certificate / 10th or 12th marksheet which bears the date of birth)



Bank Statements (latest 6 months bank statement / passbook



Latest ITR along with computation of income, Balance Sheet & Profit &Loss account for the last 2 years certified by a CA

Self Employed (Individuals) include Sole proprietors, Partners & Directors in the Business of Manufacturing, Trading or Services. Documents required: 

Proof of Identity (Passport / Voters ID / Driving Licence/PAN Card)



Address Proof (Ration card /Driving Licence/ Voter's ID / Utility Bill (any one within the last 3months) / Registered Rental Agreement / Passport / Trade licence /Est./Sales Tax certificate).



Date of Birth Proof ( Driving Licence / PAN Card / Passport / Birth Certificate / 10th or 12th marksheet bearing date of birth)



Bank Statements(latest 6 month bank statement /passbook)



Latest ITR along with computation of income, Balance Sheet & Profit & Loss account for the last 2 years certified by a CA



Proof of continuation (Trade licence /Establishment /Sales Tax certificate)



Other Mandatory Documents (Sole Proprietary Declaration or Certified Copy of Partnership Deed, Certified Copy of MOA, AOA & Board resolution.)

Self Employed (Private Companies and Partnership Firms) include Private Companies and Partnership firms in the

Business of Manufacturing, Trading or Services

Documents required: 

Address Proof (Utility Bill (any one within the last 3months) / Registered Rental Agreement / Trade licence /Est./Sales Tax certificate).



Bank Statements(latest 6 months bank statement /passbook)



Latest ITR along with computation of income, Balance Sheet & Profit &Loss account for the last 2 years certified by a CA



Proof of continuation (Trade licence /Establishment /Sales Tax certificate/ SSI Registration)



Other Mandatory Documents (Sole Proprietary Declaration or Certified Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association (certified by Director) & Board resolution (Original).

CREDIT CARD BALANCE TRANSFER: Why pay minimum amount on your credit card and pay high interest rate? We are pleased to offer the convenience of Personal Loan through which you can pay off your Credit Cards debt at a much lower interest cost. This will reduce interest cost by 50% on your credit card outstanding. FEATURES & BENEFITS: 

Instant loan decision within 60 Seconds



Loan amount starts from Rs.25,000 onwards



Easy EMI options for 6 and 12 months



Simple documentation



No hidden charges



Amount directly issued in favor of the card issuer

ELIGIBILITY CRITERIA: Salaried Individuals include Salaried Doctors, CAs, employees of select Public and Private limited companies, Government Sector employees including public sector undertakings: Eligibility Criteria 

Minimum age of applicant: 21 years



Maximum age of applicant at loan maturity: 60 years (Or retirement, whichever is earlier) (65 years for Government Employees. Conditions Apply)



Minimum employment: Minimum 1 year in employment with minimum 1-month salary credit in the current organisation



Minimum Net Monthly Income: ₹ 20,000 for Metro Locations (Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Kolkata, Mumbai & Pune) & ₹ 15,000 for All Other Locations.

Self-employed (Professionals) include self-employed Doctors, Chartered Accountants, Architects, and Company Secretaries. Eligibility Criteria 

Minimum age of Applicant: 22 years



Maximum age of Applicant at loan maturity: 65 years



Years in business: Minimum 3 years



Minimum Annual Income: ₹ 100000/- p.a. for Metro Locations & ₹ 75,000/- p.a. for non-metro locations.

Self-employed (Individuals) include self-employed - Sole proprietors, Partners & Directors in the Business of Manufacturing, Trading or Services. Eligibility Criteria 

Minimum age of Applicant: 22 years



Maximum age of Applicant at loan maturity: 65 years



Years in business: Minimum 4 years with minimum 2 years in the same Business



Minimum Annual Income: ₹ 100000/- p.a. for Metro Locations & ₹ 75,000/- p.a. for nonmetro locations.

REQUIRED DOCUMENTS: Salaried Individuals include Salaried Doctors, CAs, employees of select Public and Private limited companies, Government Sector employees including public sector undertakings: Documents required: 

Proof of Identity: Passport / Voters ID / Driving License/PAN Card/Aadhar Card/ Photo Ration Card



Address Proof: Ration card /Driving License/ Voter ID/ Utility Bill (anyone within last 3 months) / Registered Rental Agreement / Passport



Date of Birth Proof: Driving License / PAN Card / Passport / Birth Certificate / 10th / 12th mark sheet bearing date of birth



Bank Statements: Latest 3 Months bank statements / 6 months’ bank passbook



Latest 3 Months Salary Slip along with latest Form 16 / ITR / Appointment Letter.

Self-employed (Professionals) include self-employed Doctors, Chartered Accountants, Architects, and Company Secretaries. Documents required: 

Proof of Identity: Passport / Voters ID / Driving License/PAN Card/Aadhar Card/ Photo Ration Card



Address Proof: Ration card /Driving License/ Voter ID/ Utility Bill (anyone within last 3 months) / Registered Rental Agreement / Passport



Date of Birth Proof: Driving License / Pan Card / Passport Copy / Birth Certificate / 10th / 12th mark sheet bearing date of birth



Bank Statements: Latest 3 months bank statements / 6 months’ bank passbook



Latest ITR along with computation of income, B/S & P&L a/c for the last 2 years certified by a CA

Self-employed (Individuals) include self-employed - Sole proprietors, Partners & Directors in the Business of Manufacturing, Trading or Services. Documents required: 

Proof of Identity: Passport / Voters ID / Driving License/PAN Card/Aadhar Card /Photo Ration Card



Address Proof: Ration card /Driving License/ Voter ID/ Utility Bill (anyone within last 3 months) / Registered Rental Agreement / Passport



Date of Birth Proof: Driving License / Pan Card / Passport Copy / Birth Certificate / 10th / 12th mark sheet bearing date of birth



Bank Statements: Latest 3 Months bank statements / 6 months’ bank passbook



Latest ITR along with computation of income, B/S & P&L a/c for the last 2 years certified by a CA



Proof of continuation: Trade license /Establishment /Sales Tax certificate



Other Mandatory Documents (Sole Prop. Decl. Or Cert. Copy of Partnership Deed, Cert. Copy of MOA, AOA & Board resolution.)

COMPETITORS: The major competitors of HDB Financial Services are    

BAJAJ FINSERV MUTHOOT FINANCE LTD DHFL( Dewan Housing Finance Corporation) Sundaram Finance

EMI Card Benefits and Features : 1.If you have EMI card you need not submit the documents again for next purchase. 2. The Bajaj Finserv EMI Card is a pre-approved loan in your wallet. 3. The moment you choose your EMI plan and swipe your card, you get an instant approval subject to the amount pre-approved to you. 4. As existing customer, you get exclusive pre-approved offers from time to time. 5. You can choose to foreclose your loan anytime without any extra charges.

HOW TO PROCESS LOAN: At first in order to process the loan they will check the cibil score and if the score is above 720 then they will process the loan. FINDINGS  

The HDBFS main draw back is they don’t provide EMI cards where as others provide When compared to bajaj finserve it is a time taking process to process the loan.

CONCLUSION: HDBFS has to process the loans in a quick way Most of the people doesn’t have idea about the company so they have to advertise more. HDBFS has to provide the EMI cards.