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Comparative Analysis of Home Loan in UTI Bank

Comparative Analysis of Home Loan in UTI Bank

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Published by Mitesh Sonegara

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Published by: Mitesh Sonegara on Sep 22, 2011
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04/02/2012

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Executive Summary
Introduction:
 
The robust growth in the demand for housing finance in recent yearshas been remarkable because lower interest rates, tax incentives rates for homeownership, massive competition by providers of housing finance has helped consumersconsiderable. The primary market for housing finance has now matured.For taking the advantage of this emerging trend in the Home Loan sector, this projecthas been undertaken in the UTI BANK HUBLI.Home finance is the long term financial assistance specifically advanced toacquire/purchase/construct a dwelling unit against the security of first charge on the property to be founded. Apart from financial assistance home finance provides legaltechnical assistance to the customer in selecting a sound property.Due to the increase in the income level of the middle class in India. Their has been stiff competition among all the Banks to attract the customers & also the products have beendesigned in the same way.1
 
 
Topic:
 
Comparative analysis of Home Loan in UTI Bank”Objectives and sub-objectives:
Main objectives
:
 
To make the comparative analysis of home loans among threeorganizations viz., ICICI Bank and LIC Housing Finance.
Sub-objectives:
To study the overall process of Home loans (sanctioning and disbursement of the home loan);
The eligibility criteria for the customers;
To study the verification process of the documents;
To study the rate of interest provided by UTI Bank and other housing financeinstitutions;
To study the strength and weakness of UTI Bank (home loan).
To find out the awareness level among the people of Hubli & Dharwad Aboutthe loans being provided by UTI Bank.
Scope of study
:
This study is exclusively done in the UTI Bank Ltd Hubli. The timeframe of this study taken is for one month i.e. from May 10
th
to July 10
th
.2
 
 
Methodology:
The method adopted was Structured Interview method, where theinformation is collected by direct interaction with the staff of financialinstitutions/banks and my external guide and also from the manuals, broachers and fromweb sites.A questionnaire had been designed to find out the awareness level among the people of Hubli & Dharwad.
Geographical area:
Hubli & Dharwad
Source of data collection
:
 
Primary source:
The method adopted was personal interview method to collect the requiredinformation. Personal interview and discussion was made with the manager.A questionnaire was designed to find out the awareness level among the peopleabout UTI Bank loans
.
Secondary source:
 
Manuals, Brochures and Websites.
 
Company manuals, brochures have been referred to gather information.The websites of all the compared banks have been very useful source of information.
 
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