Housing finance Assignment

By –Samarth Singh Thakur

PGADM {RECM} 1st sem
Prn -180204750

BANK- ICICI bank

branch Shivaji nagar pune.
Bankers name –Manoj biradar.

 Application form attached below in pdf.

 ROI - 9.05%
MCLR {margin cost landing ratio} - 8.65% declared by RBI.
Margin of bank in MCLR – 8.65+0.40= 9.05%

 Processing fees - 0.5 % of loan amount.

 Document required for salaried person

1. 3 months’ salary slips.
2. Passport size photo 1.
3. Form 16 (latest one year)
4. 6-month Bank statement of salaried account.
5. KYC document – adhar card, pan card, address proof.
6. one cheque of salaried account.

 Document required for self-employed person

1. KYC document – adhar card, pan, address proof.
2. Passport size photo 1.
3. Degree certificate of applicant
4. One-year bank statement of saving and current account.
5. 3 years ITR (with CA seal & signature)
6. Turn over above 20 lacs GST certificate required.
7. Form no 26 –AS 3 years given by CA.
8. Office address proof.

 Document required for self-employed non professional

1. Passport size photo 1.
2. KYC document – adhar card, pan card, address proof
 3. Shop act registration certificate proved by government.
4. One-year bank statement of saving and current account.
5. Company profile (partnership /proprietorship)
Partnership deed is required.
6. ITR
If paid by shop individually
7. GST certificate / no.
8. GST return -12 months.
9. Cheque of current/saving account
10. Processing fees – 0.5% of loan amount.

Sanction process:

Process as follow:

 Document taken by applicant are verified in 3 working days.

 File goes to credit manager.
 Verification team of bank goes to applicant’s home and meet them.
 Verify address given by applicant.
 Check civil score
 Completion of sanction process.
BANK- cholamandalam investment and finance company limited.
branch Shivaji nagar pune.
Bankers name –raees Mohammad.

 Application form – NA
 ROI – 12.46%
 Processing fees - 0.5 % of loan amount.
 Document required for salaried person
1. 3 months’ salary slips.
2. Passport size photo 1.
3. Form 16 (latest one year)
4. 6-month Bank statement of salaried account.
5. KYC document – adhar card, pan card, address proof.
6. one cheque of salaried account.

 Document required for self-employed person

1. KYC document – adhar card, pan, address proof.
2. Passport size photo 1.
3. Degree certificate of applicant
4. One-year bank statement of saving and current account.
5. 3 years ITR (with CA seal & signature)
6. Turn over above 20 lacs GST certificate required.
7. Form no 26 –AS 3 years given by CA.
8. Office address proof.

 Document required for self-employed non professional

1. Passport size photo 1.

2. KYC document – adhar card, pan card, address proof
3. Shop act registration certificate proved by government.
4. One-year bank statement of saving and current account.
5. Company profile (partnership /proprietorship)
Partnership deed is required.
6. ITR (If paid by shop individually
7. GST certificate / no.
8. GST return -12 months.
9. Cheque of current/saving account
10. Processing fees – 0.5% of loan amount.

Sanction process:
 Process as follow:

 Document taken by applicant are verified in 3 working days.

 File goes to credit manager.
 Verification team of bank goes to applicant’s home and meet them.
 Verify address given by applicant.
 Check civil score
 Completion of sanction process.
