logging in or signing up Asset based retail financial services by ankit mehta ankithmehta Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: Embed: Flash iPad Dynamic Copy Does not support media & animations Automatically changes to Flash or non-Flash embed WordPress Embed Customize Embed URL: Copy Thumbnail: Copy The presentation is successfully added In Your Favorites. Views: 374 Category: Entertainment License: All Rights Reserved Like it (0) Dislike it (0) Added: November 27, 2011 This Presentation is Public Favorites: 0 Presentation Description No description available. Comments Posting comment... Premium member Presentation Transcript Asset based retail financial services: Asset based retail financial services Prepared by: ANKIT MEHTA(24) KEYUR PRAJAPATI(23) ASHA JAIN(17) KHYATI JOSHI(18)OBJECTIVES : OBJECTIVES The Service were asset based as well as fee base services We are focusing on asset based retail financing , these are below Retail financial services : Personal financial services Consumer financial services Housing financial services Automobile loans Mortgage loans Reverse mortgageHousing finance: Housing finance Housing finance received a major focus among the banking activities in India consequent to the establish of the (NHB) in 1988 under NHB act 1987. The refinance facilities extended by the rural planning and credit department of RBI were transferred to NHB which took the position as the nodal agency in housing finance sector in India . NHB has formulated various schemes for promotion of housing finance in IndiaFeatures : Features Eligibility : any person above 21 years but below the age of 65 years having sufficient disposable income can avails housing loan from the bank Amount of loan: the loan amount starts from rs 2lakh. the max amount of loan is decided after considering the disposable income of borrower. Period of loan: loan has to be repaid before one retire from services however it can be extends beyond 60 years Repayment : the loan has to be repaid in equal monthly installmentsParameter of housing finance: Parameter of housing finance Security Cost of borrowing Documentation Financial institution extending housing financeMortgage loans: Mortgage loans Bank provides loans facility against mortgage of property at low rate of interest to people engaged in trade, commerce and business and self employed, proprietorship concerns , agriculturist and staff members.Purpose: : Purpose: The mortgage loans are extended for the following purpose: To meet the credit needs of trade, commercial activity, profession as also for their bonafied requirements To meet marriage or medical or education expenses of family members including near relatives To purchase /construct house/flat,purchase of plot To purchase two/four wheelers vehicles Repayment of existing loans from others banks/fIs For going on pilgrimage/tours etcfeatures: features Rate of interest: Interest is charged at BPLR , at present 12 % pa. Interest consession for women beneficiaries 0.25% pa. Repayment : The loan has to be repaid within a period of 8 years by way of EMI.Reverse mortgage: Reverse mortgage Reverse mortgage is a mortgage loan facilities to the senior citizen (over 62 years) who are not eligible for mortgage loan . The senior citizens who owns a house/flat but do not have adequate income to meet their needs can apply for this loansPowerPoint Presentation: The Loans amount is decided taking into account three factors: Borrower’s age Valued of the property owned by the borrower. Interest rate prevailing in the lending institution.PowerPoint Presentation: Thank you You do not have the permission to view this presentation. In order to view it, please contact the author of the presentation.