Hdfc - Summer Project-3

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CREDI T A PP RA ISA L OF A LOAN APP LI CA NT UMANG GUPTA Roll No. 057533 Bachelor of Business Management Department of Management Faculty of Social Sciences D.E.I HDFC LIMITED

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HDFC Ltd

HDFC LIMITED

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OBJECTIVE 

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Repayment capacity calculation of applicants Learn about CSN of HDFC Ltd. Dealing with customers

HDFC LIMITED

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INTRODUCTION 

Salaried

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Self Employed Class

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Self Employed Professional

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Non Resident Indian HDFC LIMITED

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REQUIRED DOCUMENTS 1. SELF EMPLOYED PROFESSIONAL Application Identity

form with photo

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 HDFC LIMITED

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REQUIRED DOCUMENTS – Contd. 2. SELF EMPLOYED BUSINESSMAN   

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   

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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PROCESS- Income to Installment Ratio Loan Eligibility Ratio STEP 1 GROSS SALARY REPAYMENT 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 HDFC LIMITED

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HDFC LIMITED

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HDFC LIMITED

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HDFC LIMITED

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HDFC LIMITED

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Step 2   

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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

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FORMULA = Available salary for repayment / EMI per 1 Lakhs of the amount

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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

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SELF EMPLOYED PROFESSIONALS

Loan Eligibility = Gross Profit X 2

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STEP UP REPAYMENT FACILITY The EMI Chooser 1

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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

HDFC LIMITED

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HDFC LIMITED

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STAGES OF HOME LOANS 2. Munirka HUB

4. Scanning

1. Application 3. Log-In

8. DISBURSE The Loan

5. Data Entry

6. Recommendation Over (ROVR) 7. Fix Charges

7. Double Checking Over (DCOVR) HDFC LIMITED

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QUESTIONS

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Thank You !

UMANG GUPTA Roll No. 057533 Bachelor of Business Management Department of Management Faculty of Social Sciences D.E.I

HDFC LIMITED

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