Submitted To: Submitted By:

PROF.SHASHIKATH.K MAHESH.P ( group 1)

(MBA 3rd) sem

TOPIC: SBI HOME LOAN

SBI HOME LOAN

FLOW OF PRESENTATION INTRODUCTION OF SBI BANK

INTRODUCTION OF HOUSING LOAN

TYPES OF HOUSING LOAN

ADVANTAGES OF HOUSING LOAN

DISADVANTAGES OF HOUSING LOAN

PROCEDURE FOR GETTING HOUSING LOAN

DOCUMENTS NEEDED FOR HOUSING LOAN

HOUSING LOAN PROVIDED BY STATE BANK OF INDIA (SBI)

FEATURES AND INTREST RATE

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State Bank of INDIA(Profile) State Bank of India is a multinational banking and financial services company

based in India.

Founded 7 September 1906; 109 years ago (1906-09-07)

It is a government owned corporation with its headquarters in Mumbai, Maharashtra.

SBI has 14 regional hubs and 57 Zonal Offices that are located at important cities throughout the country.

Arundathi Bhattacharya{CHAIRMAN} OF SBI

And more than 14,000 branches, including 191 foreign offices spread across 36 countries, making it the largest banking and financial services company in India by assets. The company is ranked 293 nd on the Fortune Global 500list of the world's biggest corporations as of 2016.

1959, the government passed the State Bank of India (Subsidiary Banks) Act

It has branches in Singapore, Moscow, Colombo, Dhaka, Frankfurt, Hong

Kong, Tehran, Johannesburg, London, Los Angeles, Male in the Maldives, Muscat, Dubai, New York, Osaka, Sydney, and Tokyo

SBI has 7 retail banking branches in Singapore. It was named the 29th most reputed company in the world according to Forbes

2009 rankings

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As of 31 March 2016,SBI has 49,577 ATMs & SBI group (including associate banks) has 58,541 ATMs.

Major competitors

Some of the major competitors for SBI in the banking sector are large private sector banks ICICI Bank, HDFC Bank, Axis Bank, IndusInd Bank, small regional banks and other public sector banks Canara Bank, Bank of India and Union Bank of India . However, in terms of average market share, SBI is by far the largest player in the market.

Beginning with one office in Mumbai, with a paid-up capital of ₹5 million (US$74,000) and 50 employees, the Bank has made a rapid growth over the years and blossomed into a mighty institution with a strong national presence and sizable international operations. In business volume, the Bank occupies a premier position among the nationalised banks.

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INTRODUCTION OF HOUSING LOAN

Everyone dreams of owning his own land and property one day and to turn this dream into reality is what the system of home loans do in India.

Now a day there is a cut throat competition in each and every sector of economy. It is same for banking sector.

Now a days rural people are migrating towards urban areas for employment as well as for education purpose. So they are demanding more for housing loan.

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Many banks are providing home loans at cheapest rate to attract consumers towards them.

Taking home loans these days has become simpler. With the RBI regularly bring down interest rates; taking home loans have become extremely easy.

Housing loans which were 16.5% to 18% a few years ago fell by 11.5% to 13%. With interest rates going down, people increasingly number apply to take these loans.

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TYPES OF HOUSING LOANS

Home Purchase Loans:

Home Improvement Loans:

Home Extension Loans:

Home Conversion Loans:

Land Purchase Loans:

Bridge Loans:

NRI Home Loans:

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ADVANTAGES OF HOME LOANS:-

Help in owning a home:-

Attractive interest rates:-

Loan period:-

Door-Step Services:-

No requirement of guarantor:-

For accidental death insurance :-

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PROCEDURE FOR GETTING HOUSING LOAN Step 1: Application form

Step 2: Personal Discussion

Step 3: Bank's Field Investigation

Step 4: Credit appraisal by the bank and loan sanction

Step 5: Offer Letter

Step 6: Submission of legal documents & legal check

Step 7: Registration of property documents

Step 8: Signing of agreements and submitting post-dated cheques

Step 9: Disbursement

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DOCUMENTS NEEDED FOR HOUSING LOAN

Completed loan application form with one passport size photograph

Proof of individual’s identity (any one of the following) Passport Photo PAN card Defense identity card Voter's identity card Driving license Photo ration card Government identity cardProof of residence (any one of the following) Passport Ration card Telephone (land/mobile) bill

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Electricity bill

Society outgoing bill Voter's identity card Life Insurance Policy Only Passport can be used as both Proof of individual's identity and Proof of

residence. Proof of age (any one of the following) Passport Valid driving license Voter's identity card Birth certificate School leaving certificate LIC Policy or Premium receipt clearly indicating the applicant's age Letter from the employer stating the age of the employee

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HOUSING LOAN PROVIDED BY STATE BANK OF INDIA (SBI)

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1.)ELIGIBILITY:

Minimum age: 18 years as on the date of sanction

Maximum age: 70 years. i.e. the age by which the loan should be fully repaid, subject to availability of sufficient, regular and continuous source of income for servicing the loan repayment.

FEATURES AND INTEREST RATES

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2.)REPAYMENT

Repayment period: Maximum 30 years (or) Up to the age of 70 years (the age by which the loan should be fully repaid) of the borrower, whichever is early.

Moratorium period (Repayment holiday): The moratorium period is included within the maximum repayment period.

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All Rate are floating only

(Base Rate= 10.00% p.a.)

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SBI offers a wide range home loan schemes in India

SBI MaxGain Home Loan SBI MaxGain is aim to reduce interest burden without

extra cost . In this scheme interest is calculated on daily balance of account

Image source: Switchme.in

SBI Yuva Home Loan SBI Yuba Home Loan Is especially for young . This

scheme provide 20% higher loans amount of normal house loan eligibility

SBI NRI Home Loan NRI Home Loan is for Non-Resident Indians this loan

given to the people who earn individual regular income

SBI Realty This Loan specially for people who want buy plot/land

SBI Pal PAL (Pre Approved Limit) .This is different scheme of

SBI Home Loan. SBI Pal does not depend upon the property to be bought

SBI Her Ghar Home Loan (हर घर) This if specially for Women at indulgent interest rates

10.10%

SBI ties up with Bankbazaar.com for home loans

When SBI met BankBazaar.com Magic happened. BankBazaar.com is India’s

leading online financial products aggregator andSBI is India’s leading public sector bank. Theirpartnership to market SBI’s Home Loan productson BankBazaar is bound to attract the maximumattention.

What is your advantage? A brand new platform to apply for the popular SBI

Home Loan. Door step delivery. Quicker turnaround times. Plus, take advantage of BankBazaar’sinformative and interactive approach to home loans in India.

SBI Says… “This partnership between SBI and Bank Bazaar will

help the former reach out to a larger number of online, tech savvy home loan prospects. Focused lead generation and provision of door-step delivery will improve response time”

The Takeaway… SBI Home Loans are now available on

BankBazaar.com. A superior home loan product is now available on a robust, customer friendly platform. While this signals the opening of new avenues for SBI, for BankBazaar.com, this is the latest laurel to add onto its already impressive resume.