Research OBJECTIVE

To gain the knowledge of personal loan and services o f S . B . I . and to compare it vis - vis HDFC banks functions. This project basically deals with the personal loan available in S.B.I. It provides various kinds of personal loan and each one of it contains number of features and services. Thus my area of work is to throw the light on these services provided by the S.B.I bank, and compare it with the other private bank. [HDFC].

After analyzing peoples understanding power will be better regarding various banks selection for their different purpose.

It shall be easy to choose better bank for your personal loan as well as for the purpose of investment.

Research provide the detail history, all banking function and facilities providing different banks which is fruitful for the readers to understand and to chose bank for own banking function.

Star Personal Loans

:* Star Personal Loan Scheme provides loan to meet various Personal requirements of customers and their family. * Bank offers loans for marriage expenses, medical expenses, educational expenses, purchase of consumer durables etc. Maximum quantum of advance is Rs.10.00 lakhs, depending upon the income, with very attractive interest rate and easy repayment plan.

Eligibility
- Salaried employees, Professionals and individuals with high networth, regular pensioners or family pensioners drawing regular monthly pension through Branch, Staff members, retired employees (other than dismissed/compulsorily retired) of our Bank. Max. Loan Rs.2.00 lacs Min. Size of loan Minimum size of loan :-At Metro and Urban Centres : Rs.10,000/At Rural and Semi Urban centres: No minimum size of loan. Rs.10.00 lacs Minimum size of loan :-At Metro and Urban Centres : Rs.10,000/At Rural and Semi Urban centres: No minimum size of loan.

Rates of Interest:Rate of Interest (On daily reducing balances) w.e.f.28.07.2011 5.00% above Base Rate 15.75%p.a at monthly rests. Interest concession to women - 0.50% [All borrowers to be women] For Senior Citizens 13.75% Financing secured under tie-up arrangement 14.75% At 4.00% above Base Rate 14.75% p.a. at monthly rests. Interest concession to women 0.50% [All borrowers to be women]

Other Charges and Processing Fees:Processing/Handling charges One time @ 1.10% of loan amount Min. Rs.1000/- and Max. Rs.5000/Pensioners: One time @ 1.10.% of loan amount, min. Rs. 500/- and max. Rs. 1,100/-. No processing charges for Senior Citizens (60 years & above) Stamp charges for documents : At actuals. Loan Agreement copy charges: As applicable

Other Charges

Eligibility Criteria for HDFC Bank Personal Loan

Age of Applicant No. of years in employment Current Experience Net Monthly Income Min-21 years ; Max-60 years. 2 years & above 1 year & above Rs. 15,000/- & above (cat-A companies) Rs. 20,000/- & above (non-listed companies)

Loan Amount offered by HDFC Bank

Minimum Funding Maximum Funding Rs. 50,000/Rs. 15,00,000/-

Loan Tenure offered by HDFC Bank

Minimum Tenure Maximum Tenure 12 months 60 months
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+91

Full Name Mobile No. mm yyyy

Turn Around Time of HDFC Bank Personal Loan

Salary below Rs. 75,000 Salary above Rs. 75,000 5 - 7 working . working days (48 hours)

Select City Ahmedabad Bangalore

Email Id
Credit Card Yes No

Processing Fee of HDFC Bank Personal Loan

Salary account holder Nonsalary account holder 2% of loan amount 2.5% of loan amount

Prepayment Charges of HDFC Bank Personal Loan

Foreclosure Charges 4% of outstanding principal (Can be foreclosed after 1yr only)

Salary available for making EMIs

Up to Rs. 25,000 p.m Bet Rs. 25,000 to Rs. 50,000 p.m. Above Rs. 50,000 p.m 35% of salary is considered 40% of salary is considered 45% - 50% of salary is considered