You are on page 1of 14

DEPARTMENT OF TECHNICAL EDUCTION ANDHRA PRADESH

Name Designation Branch Institution Year/semester Subject Subject of code Topic Duration Sub topic Teaching : : : : : : : : : : : MD. Quadeer Rehman Head of Section DCCP KDR GPT Wanaparthy VI Semester Banking - II 604(B) Marketing of Banking Products 50 mts Housing Loans Diagrams
CCP604(B).74 1

Recap
We have discussed in the previous class:  The modern banking services  The various marketing products offered by banks to its customers  The housing loans of banks  The terms and conditions to be fulfilled by to customers before getting a housing loans
CCP604(B).74 2

Objectives
On completion of this period you would be able to
 Explain the products which are offered by the banks to it customers  Explain the housing loan schemes  Explain the procedure for the purchase of house site, open land, flat or plot.  Explain the procedure to be followed for extension of present house  Thee terms and conditions
CCP604(B).74 3

Housing loans

Construction or purchase of House

Purchase of plot

Purchase of flat
CCP604(B).74

Extension or Renovation of house
4

Housing loans

as per salary earning

purchase of house site plot or flat in a complex loans as per salary earning Public sector/private Sector employees Interest on loan is Exempted from Income Tax

economy house luxury house Public sector Private sector employees

medium category house Maximum re Payment in 15 yrs/10 yrs
CCP604(B).74

5

Category of houses
1) Housing colony 2) Medium category house  Luxury apartment  Low income group/economy class category house  Loan advance under this scheme is Rs, 15.00 Lahks  Rs. 10.00 lakhs or Rs. 25 lakhs depending upon salary group:
CCP604(B).74 6

Category of houses…
 Loan repayment  To be guaranteed from a high salary and regular employees, at least three in numbers  The maximum payment period is 20 years, 15 years and 10 years  The interest paid amount in tax exempted  Easy installments months, half yearly or annual

CCP604(B).74

7

Sources of housing construction organizations:
 AP housing corporation  Private house builders syndicate  Consulting Civil Engineers  Specialized Civil Engineering  With self-interest and experience

CCP604(B).74

8

Summary:
We have discussed about:  The modern banking services  The marketing products by banks to its customers  The housing schemes to suit various income group of employees  The terms and conditions for payment of installment any others
CCP604(B).74 9

Assignment:
1. Explain about the various schemes 2. Explain the various housing products 3. Explain the maximum loan amount and payment of loan under housing products

CCP604(B).74

10

Quiz
The banker offer the housing loan for the followings: a) purchase of house or construction of house or first floor b) Purchase of house site, plot or open land c) Purchase of flat in a housing apartments/ housing colony d) All the above

CCP604(B).74

11

Quiz
2. Income tax exemption is given to the following category houses a) Luxurious apartment b) Medium category house c) Low income group category of house d) All the above

CCP604(B).74

12

Quiz
3. Housing loan provide the following advantages: a) Income tax exemption on interest paid on loan b) In a fifteen years of time span a house will be owned by the loans c) Rent and shifting of houses problems will be overcome d) All the above

CCP604(B).74

13

Frequently asked questions
1. Explain the various housing products
offered by banks 2. Explain any six organization which arrange the construction of house on loan amount 3. Explain any four advantages of housing loans.

CCP604(B).74

14