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A Comparative Study of
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DEVI AHILYA VISHWAVIDYALAYA, INDORE

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“A comparative study of home loan schemes of private
sector banks & public sector banks ”
A Research Synopsis submitted as partial fulfillment for the award
of the Degree of Masters of Business Administration

(2009-2011)
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GUIDED BY: SUBMITTED BY:

……………… Hitesh Sharma

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CONTENT

Page no.

1. INTRODUCTION 1-5

2. REVIEW OF LITERATURE 5-6

3. RATIONALE OF THE STUDY 6

4. OBJECTIVE OF THE STUDY 7

5. METHODOLOGY 7-8

6. REFERENCE 9

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INTRODUCTION TO HOME LOANS

Home is a dream of a person that shows the quantity of efforts, sacrifices luxuries and above all
gathering funds little by little to afford one’s dream. Home is one of the things that everyone one
wants to own. Home is a shelter to person where he rests and feel comfortable. Many banks
providing home loans whether commercial banks or financial institutions to the people who want to
have a home.

Housing is one of the most basic human needs and comes after food and clothing in importance.
India is facing a chronic shortage of houses particularly for weaker sections of society. It requires
extraordinary efforts on the put of the Government to provide this basic need to its vast population.
Gigantic investment in this sector is necessary to provide a real boost to house building activity.

Many banks are providing home loans at cheapest rate to attract consumers towards them. The more
customer friendly attitude of these banks, currently offer to consumers cheapest loan over homes. In
view of acute housing shortage in the country, and keeping in mind the social – economic role of
commercial banks in the present times, the RBI advised banks to encourage the flow of credit for
housing finance. With the RBI reducing bank rate, the home loan market rates nose-diving by 50 basis
points. The HDFC Bank and Standard chartered bank has become the first player in this sector to
announce a housing loan for a 20 years period. No doubt it will enhance the end cost people to plan
their house over longer duration now; it has been made easy for a person to buy that dream house
which he dreamt of long ago.

 PUBLIC SECTOR BANKS

The term public sector banks is used commonly in India. This refers to banks that have their shares
listed in the stock exchanges NSE and BSE and also the government of India holds majority stake in
these banks. They can also be termed as government owned banks.

 PRIVATE SECTOR BANKS

Private Sector Banks are those Banks where the management is controlled by Private individuals
and Government does not have any say in the management of these banks.Maximising profit is the
basic motto.

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The list of Public Sector Banks in India

 Bank of Baroda
 Bank of India
 Bank of Maharastra
 Central Bank of India
 Indian Overseas Bank
 Oriental Bank of Commerce
 Punjab National Bank
 Union Bank of India
 State Bank of India and its subsidiary .

List of Private Banks in India

 Bank of Punjab
 Bank of Rajasthan
 HDFC Bank
 ICICI Bank
 IndusInd Bank
 ING Vysya Bank
 Jammu & Kashmir Bank
 Axis Bank

 The Four Banks for Study:-

Public Sector Banks

 State Bank of India

 Bank of India

Private Sector Bank

 ICICI Bank Ltd.

 HDFC Bank Ltd.

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 General Schemes of Home Loan

 Simply Home Loan

 Home Improvement Loan
 Home Extension Loan
 Land Purchase Loan
 Choose from Fixed Rate or Floating Rate
 Flexible repayment options
 Loan cover Term Assurance Plan
 Automated Repayment of Home loan EMI
 Office Premises Loan
 EMI Under Construction
 Lease Rental Discounting

 SBI Home loan Schemes

THE MOST PREFERRED HOME LOAN PROVIDER" voted in AWAAZ Consumer Awards along
with theMOST PREFERRED BANK AWARD in a survey conducted by TV 18 in association
with AC Nielsen-ORG Marg in 21 cities acrossIndia.

SBI HOME LOANS now offers Interest Rates concessions on GREEN HOMES in accordance with
SBI's commitment to Environment protection.

Bank
Up to 30 Lacs From 30 lacs to 75 Lacs Above 75 lacs
Name

SBI 10.25% 10.50% 11%

 Package of exclusive benefits.

 Low interest rates. Further, we charge interest on a daily reducing balance!
 Low processing charges.
 No hidden costs or administrative charges.
 No prepayment penalties. Reduce your interest burden and optimally utilize your
surplus funds by prepaying the loan.
 Over 13,700 branches nationwide, you can get your Home Loan account parked at a
branch nearest to your present or proposed residence.

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 Bank of India
Bank
Up to 25 Lacs From 25 lacs to 75 Lacs Above 75 lacs
Name

BOI 10.% 10.25% 10.75%

 Provides loans to purchase a Plot for construction of a House, to purchase/construct

house/flat, as well as for renovation/ repair/alteration/addition to house/flat, furnishing of
house.
 Maximum loan amount is Rs.300 lacs and repayment ranges upto 20 years, with reasonable
margin and nominal processing charges. No commitment /administrative charges.
 The loan is available at very competitive rates of interest, currently available in the industry.
 Option for different EMI amounts for different periods during tenure of loan to suit
customers repayment capacity.
 Prepayment of Loan permitted.

 HDFC Bank Ltd.

Bank
Up to 25 Lacs From 25 lacs to 75 Lacs Above 75 lacs
Name

HDFC 10.25% 10.75% 11.25%

 Pioneers of Housing Finance in India with over 33 years of lending experience.

 Widest range of Home Loan Products.
 Most experienced and empowered personnel to ensure smooth & easy processing.
 Counseling and advisory services for acquiring a property.
 Loan from any office for purchase of home anywhere in India
 Loan approval even before a property is selected
 Flexible loan repayment options
 Free & safe document storage.

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 ICICI Bank Ltd.

Bank
Up to 25 Lacs From 25 lacs to 75 Lacs Above 75 lacs
Name

ICICI 10.% 10.50% 10.75%

 Home loan amounts suited to your needs

 Home Loan tenure upto 20 years
 Simplified documentation
 Doorstep delivery of home loan papers
 Sanction approval without having selected a property.
 Free Personal Accident Insurance
 Insurance options for your home loan at attractive premium

REVIEW OF LITERATURE

Narasimham Committee (1991) points out that although the banking system in our country has
made rapid progress during the last two decades, there is decline in productivity and efficiency and
erosion of profitability. The committee strongly make indications of liberlising, deregulating
economy to make Indian baking system more competitive and efficient.

Prabhat Khabar,( June 22, 2010) , the newspaper talks about various issues that a customer should
take care of while planning to obtain home loans from various banks. It specifically talks of various
public sector banks’ initiative to provide home loan to various customers. The article also identifies
certain good builders who have tie up with various banks and help customers obtain home loan and
become proud owner of the home.

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