Presentation on

CONSUMER FINANCE

Gurtegbir and Puneet

 Consumer finance in the most basic sense of the word refers to any kind of lending to consumers. One of the best ways to get the unsecured loans is through the consumer finance.

Durables which are financed

Television Washing Machine Air Conditioner DVD/VCD players Refrigerator Computers/laptops

Growth of Consumer Durables

Cyclical & Seasonal Demand Demand in Rural India Consumer Awareness & Preference for new models Attractive consumers loan schemes Growth of Media Use of Internet by Market Functionaries

Future prospects of Consumer Finance

Growth of GDP Opportunities in Rural Market Schemes of Banks & Financial Institutions Increasing Consumer Awareness

Process of consumer Finance

Consumer meet with dealer - Purchase decision - Filling of form - Submitting documents Transfer of document from dealer to finance company Checking of details by Operation Department Transfer from Operation to Finance Department Finance given to customer Finally Collection Department collects the installments paid by customer (In case of default on finance collection department take legal action against customer)

Conclusion
There are many organizations in the world which are providing consumer credit services which are helpful for the financial stability. Financial stability is very important not only for the businesses but also for the consumers. The businesses and as well as the consumers need the stability regarding the financial matters because without the stability no one could be very innovative in the longer run.

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