Вы находитесь на странице: 1из 21

PRESENTED BY

S.N NAME ROLL NOS.

1. 2. 3.

ISLAM KILANIYA MOHSEEN PARVE NIKITA PATIL

15 25 26

UNDER THE GUIDANCE OF PROF. MUSTAFA SAPATWALA

WHAT IS A BANK LOAN?


A bank loan is a monetary loan received from a commercial lender. The loan may have a specific purpose, such as a car loan or a home loan. It will have a predetermined duration and the loan will have an interest rate that is either fixed or adjustable.

INDIAN LOAN MARKET


Indian loan market is estimated to generate Rs 9,324.3 billion in 2011 and is expected to reach Rs 21,980.6 billion by 2016 with a CAGR of 18.7% from 2011-2016. The loans which constitutes and plays a crucial role in Indian loan market includes home loans, education loan, auto loan, personal loan, consumer durable loan and gold loans.

LOAN AGAINEST SECURITES


Loan against Gold Loan against your Insurance Policies (LIC/SBI) Loan against Fixed deposits Loan against Property Loan against Other investments

LOAN FOR BUYING PROPERTIES


Vehicle loan Loan for buying assets R.A

WANT TO BUY PERSONAL VEHICLE ? DONT HAVE THAT MUCH SAVING FOR BUYING A CAR ?

DONT WORRY WE ARE HERE TO HELP YOU

CAR LOAN
Owning a vehicle today has become a matter of convenience than pride as it offers the flexibility to travel. With the easy availability of car financing, more and more families are opting to purchase the car by taking a loan. Car loan is a secured loan, where the car being purchased is pledged as collateral security.

AUTO LOAN
Since then, the automobile segment has emerged the second largest debt segment of India that has fulfilled the dreams of millions of Indians who want to buy their own personal and family car. Besides public and private banks, some financial institutes, automobile manufactures and some small lenders have also begun to offer automobile loans. Viewing the large market in this sector, several automobile financial institutes have emerged aggressively within last one decade.

The auto loan is considered as secured loan like home loans in which the lenders keep all the documents pertaining to homes in the form of security. Similar in auto loan segment the lender recovers the delivered vehicle if the borrower is unable to repay the debt. The interest rate for this sector is also low like home loan rates, and the tenure is long but not more than seven years. The automobile loan market is divided into two segments personal car loan and commercial vehicle loan. The terms & conditions of distributing loans in both segments are different. The interest rate varies for both segments.

WHAT IS CAR/BIKE LOANS?


Car or Bike Loans are designed for those who wish to finance a vehicle for personal use. It is the way you can borrow money from future. A car loan can give you immediate use of the car of your choice in exchange for regular payments over an agreed period of time.

WHAT ARE THE FACTORS WHICH NEED TO BE CONSIDERED BEFORE OPTING FOR A CAR/AUTO LOAN?
The cost of the car based on make, model and colour. The amount and type of insurance cover you wish to obtain for which is included in the costing of the car. (Only a few banks cover the insurance) The kind of car accessories you wish to purchase for your car which would ultimately increase the cost of the car. (Not all banks fund you for accessories) Initial down payment for the car, which is paid upfront by the buyer remainder of which will be the car loan amount.

Percentage of financing available for the car depending on the make, model of the car and the borrowers repayment capacity. This aspect varies according to the lender/banks discretion. Some banks offer up to 90% financing for new cars. In case of purchase of second hand cars the amount of financing is largely dependent on the cars resale value and differs across banks/lending institutions.

WHO CAN AVAIL A CAR/AUTO LOAN?


Salaried individuals in the age group of 21-60 yrs Self-employed people in the age group of 21-65 yrs Partnership firms Public & Private Ltd. Companies HUFs & Trusts

BANK OFFERING VEHICALE LOAN


HDFC Bank State Bank of India (SBI) Bank Of Baroda Canara Bank Corporation Bank Kotak Mahindra Axis Bank ICICI Bank Bank Of India Federal Bank

INTEREST RATE

Interest rate starts from 10.75% to 17% depending on the bank, schemes and period of installments.

DOCUMENTS REQUIRED

Statement of Bank account of the borrower for last 12 months. 2 passport size photographs of borrower(s). Signature identification from bankers of borrower(s). A copy of passport /voters ID card/PAN card. Proof of residence. Latest salary-slip showing all deductions I.T. Returns/Form 16: 2 years for salaried employees and 3 years for professional/self-employed/businessmen duly accepted by the ITO wherever applicable to be submitted. Proof of official address for non-salaried individuals.

CAR LOAN FINANCE IN INDIA. WAYS TO GET CAR LOAN FINANCING IN INDIA - You Can Visit Bank Branch/NBFC for Car Loans Benefit - Direct Interaction with Bank Branch Official. Feeling of Trust. Clarity Drawback - No Comparison. Bank Direct Rates are generally fixed. Documentation Submission could be tedious

CONT
You can Ask Local Car Dealer to put in Car Loan Application Benefit - Comparison of Multiple Finance option at Dealer

Drawback - Dealer may divert your application to Bank wherein they getting higher payouts/incentives. Also - they are experts in selling Car but not Car Loans

CONT

- You can call up Bank Direct Sales Associates for Car Loans Benefit - Experts in Car Loans. Personalized Service Drawback - Has to check credibility. They deal normally with one Financiers

- You Can Apply Online for Car Loan Finance Benefit - Experts, Understand Requirement, Comparison of Multiple Financier Interest Rates. Unbiased Advise. Fast n Best Medium to Apply Car Loan Finance. Have Refined and Best Tie ups with Leaders of Car Loan for Best Interest Rate Drawback - Generally these websites deals in Metros, Semi Metros as there tie ups are limited to these locations and not present in each in every location.