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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