SUBMITTED BY-

Bikiran Thakur – T013

Rupam Dhar – T058
Sandip Nandy – T062
Saurabh Kr. Hazra– T069
Sanmoy Rakshit - R070
Yasmin Khan – T089
 Home Loan Types

HDFC Home Loan Types-

1. HDFC Home Purchase Loan : Purchase a new or resale property, or to

construct a home.
2. HDFC Home Improvement Loan : Repair an existing home, or to refurbish it
(ex. painting, plumbing,electrical work etc)
3. HDFC Home Extension Loan : Extend an existing home by adding additional
rooms or storeys.
4. HDFC Land Purchase Loan : Purchase land without immediate construction of
house

ICICI Home Loan Types

1. ICICI Home Loan : Purchase a new or resale property, or to construct a home

 2. ICICI Home Improvement Loan : Repair an existing home, or to refurbish it
(ex. painting, plumbing,electrical work etc)
3. ICICI Land Loan : Purchase land for construction of house in near future
4. ICICI EMI Under Construction : Purchase home that is already under
construction
5. ICICI Balance Transfer Loan : Transfer home loan from other banks/financial
institutions
6. ICICI Top-Up Loan : Get additional funds for personal requirements on the
existing home Loan on the same property
7. ICICI Office Premises Loan : For entrepreneurs to purchase, construct or
extend their office premises

Union Bank home loan Types

1. UNION Bank Home Loan : Purchase a new or resale property, or to construct a

home
2. UNION Bank Home Improvement Loan : Repair an existing home, or to
refurbish it (ex. painting, plumbing,electrical work etc)
3. UNION Land Loan : Purchase land for construction of house in near future
4. UNION Bank Home Extension Loan : Extend an existing home by adding
additional rooms or storeys.
5. UNION Top-Up Loan: Get additional funds for personal requirements on the
existing home Loan on the same property
Features & Benefits

Features & Benefits of HDFC Home Loan

1. By automated repayment, customer can repay home loan EMIs directly from their
HDFC Bank savings account, saving customer the trouble of procuring, signing and
tracking post-dated cheques
2. Home loan customers can avail other loans (such as HDFC Personal Loans, HDFC
Car Loans, Two-wheeler Loans and Loan against securities) at lower interest rates
3. HDFC home loans are one of the lowest interest rates in the market
4. Fixed or floating structures are both available. Individual and join home loan are
supported
5. When home loan interest rates changes, customer can opt to pay same EMI so that
their tenure increases/decreases based on interest rate change
6. Repayment schemes like 'Step Up Repayment','Accelerated Repayment Scheme'
which help customers decide higher EMIs when they get increments

Features & Benefits of ICICI Home Loan

1. Partial pre-payment on your ICICI home loan can be made without incurring any
charges
2. Documentation is simple
3. ICICI offers doorstep service for ICICI home loans, thus saving you a lot of time
4. ICICI will pre-sanction your ICICI home loan even before you identify your
property
Features & Benefits of UNION Bank Home Loan
1. Loans available for purchase, construction, repair/improvement/extension of
independent house/flat and purchase of second property or plots sold by a
government-recognized agency viz., HUDA, HOUSEFED and such others.
2. Provisions of Free Building Insurance, Natural Death Insurance and Free Personal
accident cover.
3. Value- added services like issue of credit card
4. Union Mortgage scheme provides loans against properties to those within the age
group of 18-60 years of age owning residential/ commercial property) and are
income tax assesses having net monthly income of Rs.10, 000 per month in the case
of salaried persons and an annual income of Rs.1.20 lakh per annum (in case of non
salaried individuals).A top-up loan for existing home loan borrowers who have
repaid at least 24 home loan EMI's or if the net monthly take-home income is not be
less than 35 per cent of the gross monthly income/earnings after considering all
deductions including the EMI of the proposed top-up loan.

Interest Rates for various loan amount-

Interest Rates for various loan amount
Interest
Bank name upto 5 upto 5 20-30 30-50 50-75 >75
Type
lakh lakh lakh lakh lakh lakh
ICICI Bank Floating 8.75 8.75 8.75 9 9.5 9.5
ICICI Bank -
Floating 8.25 8.25 8.25 NA NA NA
Special Scheme
ICICI Bank Fixed 16 16 16 16 16 16
HDFC Floating 8.75 8.75 8.75 9 9.25 9.25
HDFC Fixed 14.25 14.25 14.25 14.25 14.25 14.25
HDFC - Special
Floating 8.25 8.25 8.25 8.25 8.25 8.25
Scheme
Union Bank of
Floating 9.5 9.5 9.5 9.75 10.25 10.25
India

Service Charges & Fees -

 Charges HDFC BANK ICICI BANK UNION BANK
Processing Fees 0.5% of the loan 0.5% of the loan 0.50% of loan amount
amount, capped amount or Rs. subject to a maximum of
at Rs. 10,000 1500/- (Rs. 2000/- Rs.15000/- plus service
for Mumbai, tax as applicable
Delhi &
Bangalore),
whichever is
higher +
applicable Service
Tax & Surcharge
Prepayment Fees 2% of amount NIL - 2% + NIL
being prepaid applicable Service
Tax & Surcharge
on full
prepayment
Loan Tenure 1 year to 20 years 1 year to 20 years 1 year to 20 years
Amount Funded Up to 85% of Up to 80% of Up to 80% of property
property value property value value

ICICI Bank is the best for us because

 Attractive interest rates

 Personalised home loan counselling

 Legal and technical assistance

 Home loan insurance- ICICI Bank Home Loans provids "HomeSafePlus" &
"HomeAssure/HealthAssure" two exclusive and innovative insurance plans to insure your
Home Loan.

Home Safe Plus*

 Key Benefits of Home Safe Plus:

 No medical checkup
 Comprehensive insurance plan for individual, home and its contents
 Single premium long-term insurance plan
 Premium paid for the Critical Illness cover is eligible for tax benefits u/s
80D of the Income Tax Act
 Sum Insured remains constant throughout the policy period (loan O/S
amount to come to bank, rest goes to individual)
 Multiple applicants can be covered under the same loan
 Simple application form

Home Assure/Health Assure#

Key Benefits of Home Assure/Health Assure:

 Life Cover from Home Assure for the entire home loan tenure
 Critical Illness cover from life threatening illnesses like cancer, coronary
artery bypass, heart attack, kidney failure, stroke, major organ transplant
 Special non-medical limits only for ICICI Bank Home Loans customers
 Dual benefit to customers, Life Cover from Home Assure and Critical
Illness Cover from Health Assure
 Dual tax benefits, Section 80C benefits under Home Assure, Section 80D
benefits under Health Assure
 Simplified claim procedure

*Insurance cover for Home Safe Plus provided by ICICI Lombard General Insurance
Company.
#Insurance cover for Home Assure/Health Assure provided by ICICI Prudential Life
Insurance Company. Please refer the Home Safe Plus and Home Assure/Health Assure
brochures for more details. Insurance is a subject matter of solicitation. Customers have
the option of taking insurance from any other insurance company And, neither would we
charge you extra for this delay.If it is refinancing you are interested in, it is possible within
6 months from the date of purchase of property.
 Wide network of financing- With over 200 offices, 90 outreach programs - ICICI is

able to provide home loans in over 2400 locations in India. You can apply at your local ICICI

office for properties in locations where we finance.

 Post Disbursement Services –Income tax Certificate to enable you to claim the tax
benefits are sent to you. This service is absolutely free
 Simplified documentation
 Doorstep delivery of home loan papers