shubham housing development finance company
TRANSCRIPT
PRESENTED BY:- Ajay Kumar Singh
Credit Appraisal and Sale of Home loan
Industry Overview• 41 housing finance companies are now approved under
The Securitisation and Reconstruction of Financial and Enforcement of Security Interest Act (SARFESAI).
• According to The Hindu Business Line Housing finance companies are expected to grow 24 per cent, while banks are pegged to grow 14 per cent.
• Many new initiatives and policies focussed on lending for housing were introduced decision of the RBI to increase LTV ratio to 90 per cent for loans up to 30 lakhs.
• Housing Finance Industry is regulated by National Housing Bank in India.
• “Housing-For-All by 2022” scheme in 2015 heralded a new era in the housing finance sector.
SHUBHAM HOUSING FINANCE• Established In – 2010• Portfolio - 650 Crore• Branches – 83 Cities• Chairman – Vinod Rai• Ceo – Sanjay Chaturvedi
Shubham Housing Development Finance Company provides formal housing credit to those with informal incomes and was amongst the first organisations in the country that transcended document-based underwriting and replaced it with a customised credit program for each of our customers.
VISION
Is to be the mortgage lender of choice for families with informal income
MISSION
Shubham operates with a mission to provide housing finance solutions to families with informal incomes through an innovative credit program which looks beyond income proofs on paper.
By providing credit to people who were outside the purview of such formal structures, we enable families to secure a better future for themselves and drive financial inclusion within this segment.
SWOT ANALYSISStrength
1. Untapped Market.2. Loan on reducing method3. Loan to households of Informal income
Weakness
1. High rate of Interest.2. Delay in Login.3. Lack of Coordination Between Branches.
Opportunities
1. Increasing Urbanisation. 2. Rise in nuclear family. 3. Household income has increased.
Threats
1. New Entries 2. Fluctuation in Interest Rate.3. Continous Changing in Policy
• Home Loan
• Home Improvement
• Home Extension
• Low LTV
• LAP (Loan against Property)
• Home Loan – Plot Purchase and Self-Construction
• Top Ups
• B.T. Top Ups
Introduction to the Project
Credit Appraisal It is the process by which the lender assesses the credit worthiness of the borrower. It revolves around character, collateral capability and capacity. It takes into account various factors like income of the applicants, number of dependents, monthly expenditure, repayment capacity, employment history, number of years of service and other factors which affect credit rating of the borrower.
Verification of Documents• Personal Details (KYC) • Income Details
• Property Details
• Experian Report
• Cibil Report
• CPV Report
• Personal Discussion
• Legal Report
• Technical Report
Ratio in Housing Industry
FOIR (FIXED OBLIGATION to INCOME RATIO)FOIR calculates the ratio of monthly obligation of customer to his/her monthly income.FOIR = Fixed Obligation/Total Income IIR (INSTALEMENT TO INCOME RATIO)IIR calculates the ratio of instalment to the monthly income of the customer.IIR = INSTALEMENT/MONTHLY INCOME
IAR (INSTALMENT TO AFFORDIBILTY RATIO)IAR calculates the ratio of instalment to disposal income of the customer.IAR = INSTALMENT/DISPOSAL INCOME(*Disposal Income- Net Income – Household Expenses) LTV (LOAN TO VALUE)LTV Calculates the ratio of Loan amount to the market value of the property.LTV = LOAN AMOUNT/MARKET VALUE OF THE PROPERTY
LEARNINGS How to source a file from a Market.
Working on the lead.
Know the process of loan.
How to do P.D and make a P.D of Customer. During the scrutiny of file what are the factors you should look
Judge the Customers
How to Make Contact with the Others.
Recommendations• Log in of Files
• Need Coordination Between Branches
• Dissolution of Ineffective Branches
• Looking New Market
• Suggestion from Employees
• Branding
• Finn one Neo Training
• Reduce Time Period
• Collection Team
• More Focus on Technology
