Beruflich Dokumente
Kultur Dokumente
ON
COMPARISON OF RETAIL LOANS OF
J&K BANK WITH OTHER BANKS AND
DEPOSIT SCHEMES
UNDERTAKEN AT
ACKNOWLEDGEMENT
I, Shagun Sharma, take this opportunity to extent my thanks to all those
people who helped me through the successful completion of this project
work.
It gives me a great pleasure to acknowledge my deep and sincere
gratitude to Mr. A. S. Sambyal, Executive Manager Personnel J&K
Bank Ltd.Zonal office (Central), Branches Department, Jammu for this
inspiration and constant encouragement.
I whole heartedly extend my sense of gratitude towards all the members
of J&K Bank whose help during the course of my project work and their
valuable suggestions has helped me a lot in successfully accomplishing
this project.
Finally, I would like to thanks my parents and all my friends doing their
project in various, organizations for their whole hearted cooperation,
without them this project would have not been possible.
SHAGUN SHARMA
PREFACE
Summer Training is necessary part of elementary theoretical study. It
enforces a student to be well conversant with practical aspect of
management profession.
It was allowed to carry out my Project at the Jammu and Kashmir Bank
Ltd. Zonal Office(central), Jammu as my summer training. I was given
task of study the retail loans of the J&K Bank with those of the
competitors. My aim was to provide essential information to the Bank.
This report would guide people working in the Retail banking field. I
have analyzed the retail loans with those of the competitors
I hope that the comparison of Retail Loans with the competitors will
help the bank to analysis its competitors performance.
SHAGUN SHARMA
CONTENTS
Banking Meaning
History of JK Bank
HDFC Bank
State bank of India
Punjab national bank
ICICI bank
J&K Bank
The Competitors banks
J&K Bank
The Competitors banks
J&K Bank
The Competitors banks
J&K Bank
The Competitors banks
BANKS
The Indian banking system has a large geographic and functional
coverage. Presently the total asset size of the Indian banking sector is
US$ 270 billion while the total deposits amount to US$ 220 billion with
a branch network exceeding 66,000 branches across the country.
Revenues of the banking sector have grown at 6 per cent CAGR over
the past few years to reach a size of US$ 15 billion. While commercial
banks cater to short and medium term financing requirements, national
level
and
state
level
financial
institutions
meet
longer-term
INDIAN BANKING
INTRODUCTION
The Indian banking can be broadly categorized into
nationalized (government owned), private banks and
specialized banking institutions. The Reserve Bank of
India
acts
centralized
body
monitoring
any
the
relevant
issues
to
take
on
the
nationalized,
private
banks
and
sector.
The
nationalized
banks
(i.e.
sector.
banks
focus
on
areas
These co-operatives,
of
agriculture,
rural
development etc., unlike commercial banks these cooperative banks do not lend on the basis of a prime
lending rate. They also have various tax sops because
of their holding pattern and lending structure and hence
have lower overheads.
of
these
cooperative
banks
diversified
into
in
b) Nationalized Banks
c) Domestic Private Sector Banks
d) New Domestic Private Sector Banks
e) Foreign Banks
Complementing the roles of the nationalized and
private banks are the specialized financial institutions or
Non Banking Financial Institutions (NBFCs).
With their
requirements,
facilitate
mergers
and
meet
the
community.
multifarious
needs
of
the
business
liberalize
policy
of
Government
of
India
value
domestic
financial
institutions.
The
competencies
viz.
Management,
operational
BANKING
Banks are the institutions where those who have some savings can
keep their money in the form of deposits & those who need money
borrow money on payment of
Saving account
Current account
Term or fixed deposits
Recurring deposits
SAVING ACCOUNT
TERM DEPOSIT
In this scheme money is deposited for a fixed period. Money can
be withdrawn after the expiry of the fixed period, which is specified at
the time of opening the account. The bank uses this money more freely
than money kept in saving bank account.
RECURRING DEPOSITS
which are dedicated to the cause of transforming the Bank not only as a
financial heart but also the social heart of the community.
The J & K Bank is the first state owned bank of the country and
53% of equity is held by the Govt. of J & K .The bank has a consistent
track record of growth and profitability . It has a unique distinction of
being banker to the J & K State Govt. and has has also been appointed
by RBI as its agency in J & K , responsible for carrying general banking
business of the Central Govt. and collection of Taxes pertaining to the
Central Board of Direct Taxes.
The landmark achievements in the diversification of the banks
including the sponsoring of two Regional Rural Banks viz., Kamraz
Rural Bank and Jammu Rural Bank; permission for dealing in foreign
Exchange, holding the Lead bank responsibilities in eight of the fourteen
districts in J & K, governorship of State Level Bankers Committee
(SLBC) and State Level Export Promotion Committee ( SLEPC ). The
bank is the only one non-nationalized sector, having been entrusted with
such assignments and has come up to the expectations of RBI and other
agencies, like CBDT.
The bank has been swift in responding to the need for technology
adaptation in meeting its commitment to the customers and offers the
J & K bank is one of the few banks in the country which has been
able to show exemplary performance in adjusting to the rigorous
prudential norms that came into force during 1992-93 and has been able
to achieve CAPITAL ADEQUACY RATIO of above 17.44 per cent a s
on 31st March, 2001, which is far ahead of RBI stipulation and is one of
the highest in the industry today.
HISTORICAL BACK GROUND
Entire banking in the state of Jammu and Kashmir was performed
by traditional lenders till 1920 -30 and that too at exorbitant interest
rates .At the same time some banks functioned at a very limited scale,
such as Punjab National Bank Limited ,Grindlay's Bank and Imperial
Bank of India .
The role of these banks was reduced to the acceptance of deposits
as they could not grant loans and advances to the people of the state
owing to the statutory limitations .Under this scenario banks could not
ameliorate the financial and social position of the people of the state . To
over come this critical situation the then Maharaja of the state conceived
an idea of setting up of a state bank in the state . After a prolonged
exercise and deliberations the assignment for establishment of " The
Jammu and Kashmir Bank Limited " was given to the late Sir Sorabji N
companies act 1956 .The bank had its first full time chairman in 1971,
following social Central measures in banks .The year 1971 was a
turning point for the bank on conferment of scheduled bank status and
witnessed remarkable progress in all the vital fields of operations .The
bank was declared as "A" Class Bank by Reserve Bank of India in
1976 .In recognition of dominant role and exulted performance ,
Reserve bank of India appointed the bank as its agent for performing the
general banking business of the Central Govt. especially in maintaining
currency chests and collection of taxes.
Personal loan
Home loan
Car loan
Educational loan
These loans have been compared with those of the competitors which
include:
HDFC Bank
State Bank of India
Punjab National Bank
ICICI Bank
ICICI BANK
ICICI Bank is India's second-largest bank. The Bank has a
network of about 573 branches and extension counters and over 2,000
ATMs. ICICI Bank was originally promoted in 1994 by ICICI Limited,
an Indian financial institution, and was its wholly-owned subsidiary.
ICICI was formed in 1955 at the initiative of the World Bank, the
Government of India and representatives of Indian industry. The
objective was to create a development financial institution for providing
medium-term and long-term project financing to Indian businesses.
In the 1990s, ICICI transformed its business from a development
financial institution offering only project finance to a diversified
financial services group offering a wide variety of products and services,
both directly and through a number of subsidiaries and affiliates like
ICICI Bank.
In 1999, ICICI become the first Indian company and the first bank
or financial institution from non-Japan Asia to be listed on the NYSE. In
2001, ICICI bank acquired Bank of Madura Limited.
ICICI Bank set up its international banking group in fiscal 2002
to cater to the cross border needs of clients and leverage on its domestic
banking strengths to offer products internationally. ICICI Bank currently
2.
3.
4.
5.
6.
7.
8.
finance solutions through its four wings - the Domestic division, the
Foreign Offices division, the Foreign Department and the International
Services division.
PUNJAB NATIONAL BANK
Punjab National Bank (PNB) was established in 1895 at Lahore.
PNB has the distinction of being the first Indian bank to have been
started solely with Indian capital. In 1969, Punjab National Bank was
nationalized along with 13 other banks
Punjab National Bank serves over 3.5 crore customers and has the
largest branch network in India - 4062 branches and 447 extension
counters spread all over the country. Punjab National Bank has achieved
many awards and distinctions. Major among them are:
Ranked 21st amongst top 500 companies by the leading
financial daily, Economic Times.
Ranked as 323rd biggest bank in the world by Bankers Almanac
(January 2006), London.
Earned 9th place among India's Most Trusted top 50 service
brands in Economic Times- A.C Nielson Survey.
Ranked 368 amongst the top 1000 banks in the world according
to "The Banker" London.
Golden Peacock Award for Excellence in Corporate Governance
- 2005 by Institute of Directors.
FICCI's Rural Development Award for Excellence in Rural
Development - 2005.
JK
BANK PERSONAL LOAN
The personal loan scheme now renamed as JK Bank SAHOLIAT/
SARAL Financial Scheme as permanent employees of central/state
Govt., Public Sector undertakings, Autonomous Bodies, self employed
individual can take this loan
PURPOSE
nil
Repayment
Salaried Individuals
b)
c)
d)
Eligibility Criteria
Minimum age of Applicant: 25 years
Maximum age of Applicant at loan maturity: 65 years
Years in business: 4 to 7 years depending on profession
Minimum Annual Income Rs. 100000 p.a.
Documents required:
Proof of Identity (Passport Copy/ Voters ID card/ Driving
License).
Address Proof (Ration card Tel/elect. Bill/ Rental agr. / Passport
copy/Trade license /Est./Sales Tax certificate).
Bank Statements(latest 6 months bank statement /passbook)
Latest ITR along with computation of income, B/S & P&L a/c for
the last 2 yrs. certified by a CA
Qualification proof of the highest professional degree
Eligibility Criteria
Years in business: Minimum of 3 years in current business and 5
years total business experience
Business must be profit making for the last 2 years
Minimum Annual Income: Rs 100000 p.a.
Available in select cities
Documents required:
Address Proof (Ration card Tel/elect. Bill/ Rental agr. / Passport
copy/Trade license /Est./Sales Tax certificate)
HIGHLIGHTS
Salaried
Self Employed
Loan Amount
Min. 12 years
Min. 12 years
Interest Rate
Min. 14%
Min. 14%
Max. 22%
Max. 24%
Processing Force
2%
2%
3 days
Salaried
The salaried and self-employed are both, eligible for this personal loan.
If you're salaried, you need to be between 25 years and 58 years of age
with a minimum net annual income of 96,000 per annum and employed
with a public limited company, a private limited company, a
multinational corporation (MNC) or with the government. You should
have been employed for atleast one year and living in your current
residence for atleast one year.
Self employed
If you're self employed, you need to be between 25 years and 65
years of age with a minimum net profit after tax of Rs.60,000 per
annum. Doctors, MBA's, Architects, CA's, Engineers, Traders &
Manufacturers are eligible. You need to have been in your profession for
atleast three years and living at your current residence for atleast one
year.
DOCUMENTATION REQUIRED
Salaried
Self employed
Latest 3 months Bank Statement (where salary/income is
credited)
Last 2 years ITR with computation of income / Certified
Financials.
HIGHLIGHTS
Salaried
Loan Amount
Min. Rs 50000
Self Employed
Min. Rs 50000
Max. Rs 1500000
Max. Rs 1500000
Tenure
Min. 12 Yrs.
Min. 12 Yrs
Interest Rate
Min. 12 %
Min. 14 %
Max. 22 %
Max. 24 %
3 days
2 days
Processing Fee
3%
3%
many people as possible to help them realize their dreams or come out
of situations of financial need. State Bank of India being India's largest
bank is a trusted name and the SBI personal loan rate of interest are kept
at the most competitive level to make a personal loan as approachable as
possible.
Purpose
The loan will be granted for any legitimate purpose whatsoever (e.g.
expenses for domestic or foreign travel, medical treatment of self or a
family member, meeting any financial liability, such as marriage of
son/daughter, defraying educational expenses of wards, meeting margins
for purchase of assets etc.).
Advantage
Low interest rates. Further, we charge interest on a daily
reducing balance!!
Low processing charges; only 1%-2% of loan amount.
No hidden costs or administrative charges.
No security required which means minimal documentation
something that you had always wanted.
HIGHLIGHTS
Salaried
Loan Type
Term Loan
Loan Amount
Tenure (Max.)
Min. 12 yrs.
Interest rate
Min. 12%
Max. 22%
3 days
Processing Fee
3%
Self Employed
Term Loan
Min. Rs. 50,000
Max. 15,00000
Min. 12 yrs.
Min. 12%
Max. 24%
2 days
3%
ii)
HIGHLIGHTS
Salaried
Loan Amount
Self employed
Tenure
Min. 12yrs.
Min. 12 yrs.
Interest Rate
Min. 14%
Min. 14%
Max. 15%
Max. 15%
Monthly Income
Rs. 7000
Rs. 7000
Age
Min. 21 yrs.
Max. 58 yrs.
Min. 21 yrs.
Max. 65 yrs.
Design,
Architecture,
Bio-chemistry,
Agriculture,
Veterinary etc.
P.G Courses in: Business Management, Chartered or Cost Accounting ,
Company Secretary ship.
Eligibility
Should be an Indian National
Should have secured admission to professional/technical courses
through entrance test/selection process.
Should have secured admission to foreign universities/institutions
Interest rate
Up to Rs.25,000
9% p.a
Rs.25,000 to Rs.5,00,000
10.5% p.a
Above Rs.5,00,000
11.5%
REPAYMENT
Repayment Holiday/ Moratorium: Course period + 1 year or 6 months
after getting job, whichever is earlier. The loan to be repaid in 5 to 7
years after commencement of repayment. If the student is not able to
complete the course within the scheduled time, extension of time for
completion of course may be permitted for a maximum of two years
TERM LOAN FOR B.ED/ M.ED. COURSES
Purpose
To provide loan to students. Employed persons who want to pursue
B.Ed / M.Ed courses. For meeting admission / tuition/ examination/
library/ lab Fee.
Eligibility
Student should be an Indian National.
Should be a graduate in any discipline from any recognized
university.
Should
have
secured
admission
to
the
recognized
Maximum: Rs 25,000.
Margin
10%.
Security
Processing charges
Rate of Interest
Repayment
HIGHLIGHTS
Study Abroad
Study India
Course
Graduation
Post Graduation
Loan amount
Max. 75,0000
Margin
155
5%
Tenure
Min. 1 yrs.
Min. 1 yrs.
Interest Rate
14%
14%
7 days
7 days
Processing Fee
2%
2%
Eligibility Criteria
Age
DOCUMENTS REQUIRED
Study Abroad
ID Proof, Age Proof, Residence Proof, Income Proof, Telephone,
Photograph, Bank Statement, Signature Proof,
Others Letter from the Head of Department (University), Visa approval
papers, Travel papers, GMAT/GRE/SAT score
Study in India
ID Proof, Age Proof, Residence Proof, Income Proof, Telephone,
Photograph, Bank Statement, Signature Proof,
Others latest mark sheet of the student, Letter of admission from the
Institute, Letter from the Institute stating cost break up of the program
(term-wise, year-wise)
HIGHLIGHTS
Study Abroad
Study India
Graduation
Graduation
Course
Loan Amount
Interest Rate
Min. Rs 50,000
Min. Rs 50,000
13%
13.75%
DOCUMENTS REQUIRED
1.
2.
3.
4.
5.
6.
7.
study
in
India:
To
extend
financial
assistance
to
Studying
Abroad:
To
extend
financial
assistance
to
HIGHLIGHTS
Study Abroad
Study India
Loan Type
Term Loan
Term Loan
Course
Post Graduation
Graduation
Loan Amount
Margin
15%
5%
Tenure
Min. 1 yrs.
Min. 1 yrs.
Interest Rate
14.75%
14.75%
7 days
7 days
DOCUMENTATION REQUIRED
Completed loan application form
Mark sheets of your last qualifying exam
Proof of admission
Schedule of expenses
2 passport size photographs
Bank statement for the last 6 months
Income tax assessment order of the last 2 years
Brief statement of assets and liabilities of the co-borrower
Proof of income (i.e., salary slips / form 16, etc)
PNB EDUCATION LOAN
PNB has designed "VIDYALAKSHYAPURTI scheme to
provide education loan to needy students such as students of +2 stage,
Graduation courses B.A., B.Com. B.Sc., etc., Post-Graduation courses,
for professional courses, etc, on comfortable and affordable terms. Bank
also provide life insurance cover to loan borrowers, it has tie up with
Kotak Mahindra Insurance.
Loan Purpose for studying in abroad Fee payable to College / Hostel,
Examination / Library / Laboratory fee, Purchase of books /
HIGHLIGHTS
Study Abroad
Study India
Course
Graduation
Graduation
Loan Type
Term Loan
Term Loan
Loan Amount
Max. 40,0000
Max. 40,0000
Tenure
Min. 1 yrs.
Min. 1 yrs.
Interest Rate
13.5%
13.25%
7 days
7 days
Processing Fee
1%
1%
Security
Primary: Mortgage of the house Property to be purchased /
constructed.
Collateral: Third party Guarantee of one person, or assignment
of LIC Policies, pledge of Govt. securities etc.
Rate of Interest
Floating
Fixed
11.25%
13.25%
12.00%
14.25%
11.25%
13.25%
12.00%
14.25%
12.75%
14.25%
--
--
13.00%
14.75%
--
--
Security
Mortgage
constructed.
Third party guarantee of one person or Assignment of LIC
Margin
15% for construction/purchase of built house flat.
20% for renovation/purchase of land.
Processing charges
procuring,
signing
and
tracking
post-dated
cheques.
While repaying the loan amount customers can choose from Fixed Rate
of Interest or Floating Interest Rate.
HIGHLIGHTS
Interest Rate
11.25%
Loan Amount
Tenure
Min. 5 yrs.
Max. 20 yrs.
7 days
Processing Fee
1%
Age
Loan Amount
The home loan amount depends on your repayment capability and is
restricted to a maximum of 85% of the cost of the property or the cost of
construction as applicable
HIGHLIGHTS
Interest Rate
12.75%
Loan Amount
Tenure
Min. 5 yrs.
Max. 25 yrs.
Time to Process Loan
7 days
Processing Fee
0.5%
INTEREST RATES
Tenure
Interest Type
Interest Rate
10 - 15 Yrs.
Floating
11.25 %
5 - 10 Yrs.
Floating
11.25 %
1 - 5 Yrs.
Floating
11.25 %
15 - 20 Yrs.
Fixed
13.75 %
10 - 15 Yrs.
Fixed
13.75 %
5 - 10 Yrs.
Fixed
13.75 %
1 - 5 Yrs.
Fixed
13.75 %
15 - 20 Yrs.
Floating
11.25 %
SBI has been awarded The Most Preferred Home Loan Provider
by AWAAZ Consumer Awards. SBI home loans give concession on
interest rates on GREEN HOMES under its environment protection
program. SBI has different options for loan borrowers such as SBI
Flexi home loans provides borrowers a one time irrevocable option to
choose one of the three combinations of fixed and floating interest rates
and also to choose the order in which the fixed and floating rate will be
availed. The other is SBI- Maxgain home loans - earn optimal yield on
savings and minimize interest burden on home loans, with no extra cost.
SBI Realty Home loans - purchase a plot of land for house
construction. SBI Freedom Home loans who want to invest in a
property without mortgaging the same. SBI offers SBI Optima
additional home loans and SBI Homeline special personal loans for
existing home loan borrowers who have a repayment record of 3 years,
etc.
FEATURES
Home loans for individuals to purchase (fresh / resale) or
construct houses. HDFC finances up to 85% maximum of the
cost of the property (Agreement value + Stamp duty +
Registration charges).
HIGHLIGHTS
Interest Rate
11.25%
Loan Amount
Tenure
7 days
Processing Fee
0.5%
ELIGIBILITY
a)
b)
INDIVIDUAL
For construction/purchase of house/ flat: 75% of the cost of construction
of house or purchase of house/ flat.
For carrying out repairs/ renovation/ additions/ alterations: 75% of the
estimated cost subject to maximum of Rs. 20lacs.
Loan upto Rs.20 Lacs for purchase of Land/Plot.
Loan is available maximum upto Rs.2 Lacs for furnishing.
SECURITY
Mortgage of property for which finance is being given.
In case of purchase of house/ flat from housing board/ society
where mortgage cannot be created immediately, a tripartite agreement
shall be executed amongst the housing board/ society, borrower and the
Bank.
In case of purchase of house/ flat on first power of attorney,
additional security equal to 125% of the loan amount by way of
mortgage of some other property or pledge of bank's FDR/ LIC policy/
Govt. Securities, NSCs, KVPs, IVPs, / PSU Bonds etc. has to be
provided.
REPAYMENT
HIGHLIGHTS
Interest Rate
9.5%
Loan Amount
Min. 1, 00000
Max. Rs. 2,00,00,000
Tenure
Min. 5 yrs.
Max. 25 yrs.
7 days
Processing Fee
1%
Margin (Max.)
20%
CAR LOAN
Primary
Hypothecation of vehicle to be purchased & Banks charge to be
registered with RTO.
Collateral
No third party guarantee required in respect of permanent
employees of State and Central Government, employees of State /
Central Government Undertakings & Autonomous bodies
drawing salary through our Bank and where letter of undertaking
from employer is available.
Margin
10% of the Sales Invoice Value for employees of State /
Central
Government,
State
Central
Government
Account
holders.10%
margin
shall
also
apply
to
Photo
ration
card
with
DOB,
Employer
Documents required
Age Proof: Any one of Passport copy, PAN Card, Voters ID
HIGHLIGHTS
New Car
Used Car
Loan Type
Term Loan
Term Loan
Loan Amount
Tenure
Max. 12 yrs.
Max. 12 yrs.
Interest rate
14%
16%
2 days
2 days
Processing Fee
2%
2%
Margin (Max.)
20%
20%
ensure the best deals. ICICI Bank offers flexible schemes and quick
processing.
ELIGIBILITY FOR CAR LOANS
For salaried individual
Age Criteria: The applicant should be at least 21 years old at the time
of application, and below 58 years of age at time of maturity of the loan.
Income Criteria: Gross annual salary above Rs 1 lakh p.a
Self-Employed Individual: Any Proprietor, partner, professional or
director above 21 years of age but below 65 at the time of the loan's
maturity.
Income Criteria: Gross annual salary above Rs 1 lakh p.a.
DOCUMENTATION REQUIRED
Salaried Individual
Photograph
Proof of bank account continuity
One income proof for the last two years (ITR, Form 16,
salary slip
HIGHLIGHTS
New Car
Loan Type
Tenure
Interest rate
Time to Process Loan
Used Car
Term Loan
Term Loan
Max. 12 yrs.
Max. 12 yrs.
14.25%
16%
1 day
1 day
SBI car loan scheme has been designed to help you in purchasing
your dream car. Bank charges low interest rates, and gives you easy
repayment options. Bank maintains total transparency. Amount includes
vehicle registration charges, insurance, one-time road tax and
accessories as per conditions.
ADVANTAGE
Excellent service and lower costs. A quick survey of similar schemes
available elsewhere and you will find that SBI Car Loans for new and
old vehicles offer you :
Lowest interest rates
Longer repayment period of upto 84 months.
No hidden costs or administrative charges.
Finance for one-time road tax, registration fee, insurance
premium and accessories
No advance EMIs. (Some Banks/companies ask you to pay
one or more EMIs at the time of disbursement of loan,
thereby effectively reducing your loan amount.)
Eligibility
To avail an SBI Car Loan, you should be:
Individual between the age of 21-65 years of age.
A Permanent employee of State / Central Government,
Public Sector Undertaking, Private Company or a reputed
establishment.
A Professionals or self-employed individual who is an
income tax assesses.
A Person engaged in agriculture and allied activities.
Net Annual Income Rs. 100,000/- and above.
LOAN AMOUNT
There is no upper limit for the amount of a car loan. A maximum
loan amount of 2.5 times the net annual income can be sanctioned. If
married, your spouse's income could also be considered provided the
spouse becomes a co-borrower in the loan. The loan amount includes
finance for one-time road tax, registration and insurance!
No ceiling on the loan amount for new cars.
Loan amount for used car is subject to a maximum limit of Rs. 15 lacs.
You would need to submit the following documents along with the
completed application form if you are an existing SBI account holder:
1.
2.
3.
4.
5.
Proof of residence.
6.
7.
8.
HIGHLIGHTS
New Car
Used Car
Loan Type
Term Loan
Term loan
Loan Amount
Min. 12 yrs.
Min. 12 yrs.
Interest Rate
12.75%
16.5%
4 days
7 days
Margin
15%
15%
20%
Repayment
For new Car/ Van/ Jeep: The loan amount together with interest is to
be repaid maximum in 84 Equated Monthly Installments (EMIs)
For old Car/ Van/ Jeep: The loan amount together with interest is to be
repaid maximum in 60 Equated Monthly Installments (EMIs)
HIGHLIGHTS
New Car
Used Car
Loan Type
Term Loan
Term Loan
Tenure
Max. 12 yrs.
Max. 12 yrs.
Interest Rate
12.5%
17%
5 days
4 days
Margin (Max.)
20%
20%
DOCUMENT REQUIRED
i)
ii)
iii)
iv)
v)
J&K
HDFC
ICICI
PNB
SBI
10 lakhs
15 lakhs
3 lakhs
15 lakhs
Tenure (Max.)
12 yrs.
12 yrs.
12 yrs.
12 yrs.
12 yrs.
AGE CRITERIA
Salaried
Min.
21 yrs.
21 yrs.
25 yrs.
21 yrs.
21 yrs.
Max.
6o yrs.
60 yrs.
58 yrs.
50 yrs.
58 yrs.
Min.
25 yrs.
25 yrs.
25 yrs.
21 yrs.
21 yrs.
Max.
65 yrs.
65 yrs.
65 yrs.
65 yrs.
65 yrs.
Processing
1%
2%
3%
2%
2%
Self Employed
MONTHLY INCOME
Salaried
7500
7000
8000
7000
5000
Self-employed
8500
8000
8000
7000
7000
3 days
3 days
5 days
2 days
13.5%
14%
12%
14%
14%
Max.
22%
24%
24%
15%
17.75%
J&K
Loan
(Max.)
Amount 15 lakhs
HDFC
ICICI
PNB
SBI
7.5 lakhs
4 lakhs
4 lakhs
4 lakhs
Margin in India
5%
5%
5%
5%
5%
Abroad
15%
15%
15%
15%
15%
Processing time
7 days
7 days
7 days
7 days
7 days
Age
Min.
16 yrs.
16 yrs.
16 yrs.
16 yrs.
16 yrs.
Max.
30 yrs.
30 yrs.
30 yrs.
30 yrs.
30 yrs.
In India
5%
14%
13%
13.5%
14.75%
Abroad
15%
14%
13.75%
13.25% 14.75%
Rate of interest
J&K
HDFC
ICICI
PNB
SBI
Min.
4 lakh
1 lakh
2 lakh
1 lakh
1 lakh
Max.
1 crore
1 crore
1 crore
2 crore
2 crore
Min.
5 yrs.
5 yrs.
5 yrs.
5 yrs.
5 yrs.
Max.
20 yrs.
25 yrs.
25 yrs.
25 yrs.
25 yrs.
Processing days
7 days
7 days
7 days
7 days
7 days
11.25%
12.75%
9.5%
11.25%
Loan Amount
Tenure
Min.
25 yrs.
25 yrs.
25 yrs.
25 yrs.
25 yrs.
Max.
55 yrs.
55 yrs.
55 yrs.
55 yrs.
55 yrs.
Income Annual
1,40,000
1,20,000
1,20,000
1,20,00
0
1,20,00
0
J&K
HDFC
ICICI
PNB
SBI
10 lakh
9 lakh
15 lakh
15 lakh
15 lakh
12 yrs.
12 yrs.
12 yrs.
12 yrs.
12 yrs.
Loan Amount
Max.
Tenure
Max.
Processing time
Processing
(in Rs.)
5 days
2 days
2 days
5 days
4 days
Rs. 1500
Rs.1950
Rs. 1850
Rs. 1800
21 yrs
21 yrs
21 yrs
21 yrs
21 yrs
Max.
58 yrs.
58 yrs.
58 yrs.
58 yrs.
58 yrs.
Min.
25 yrs.
21 yrs.
21 yrs.
21 yrs.
21 yrs.
Max.
60 yrs.
65 yrs.
65 yrs.
65 yrs.
65 yrs.
Margin (Max.)
20%
20%
20%
20%
155
Self Employed
FINDINGS:
loan of PNB, SBI, ICICI and HDFC Bank and I found that there is not
so much difference in interest rate charged by J&K Bank and other.
almost all bank grant loan to its customer on same basic conditions, Age
criteria, Tenure of loan, personal income etc.
J&K Bank have a good market share in retail loans despite
SUGGESTIONS:
SCHEDULE
Personal information
Name :
Gender:
Address:
PH/Mob:
2.
Age Group
Below 20
Between 35-50
Between 20-35
Above 50
3.
4.
1 year
1-5 year
5-10 year
More than 10 year
What type of Account do you have?
a)
Saving A/C
b)
Current A/C
c)
Fixed A/C
d)
Recurring A/C
e)
f)
Flexideposite scheme
g)
Child deposit
5.
a)
Highly safe
b)
Safe
c)
6.
No
7.
8.
Do you know J&K Bank have been rated as one of the best in India?
Yes
9.
No
No
10.
How do you come to know about different scheme offered by J&K Bank?
a)
Branch
b)
Friend/ Relatives
c)
Advertisement medias
d)
Internet
11.
a)
b)
c)
d)
12.
What do you feel bottle neck in gathering information of the Bank Product?
a)
b)
c)
d)
13.
No
14.
a)
Home loan
b)
Car loan
c)
Education loan.
d)
Personal loan
e)
15.
No
16.
Do
you
know
J&K
Bank
offers
financial
assistance
Business/Firm/Manufacturing units.
Yes
17.
18.
No
No
Have you any suggestion for more improvement in J&K Bank service?
________________________________________________________
________________________________________________________
________________________________________________________.
for