2.  What Is a HOUSING LOAN?
 Which Bank’S / Organisation’s Providing
Housing Loan’S?
 Types of Interest Rates?
 How to Calculate EMI?

3.  Home Loan is a Secured Loan offered
against the security of a house/property ,the
property could be a personal property or a
commercial one.
 If the borrower is failed to pay back the loan,
the Banker can retrieve the lent money by
selling the property.
 Housing loans will be given easily to a GOVT
employee.

4. Banks Organisations’s
 ICICI  LIC
 HDFC  INDIA BULLS
 HSBC  BIRLA HOME LOAN
 IDBI  DHFL
 CORPORATION  RELIANCE …. etc
 BANK OF BARODA
 SBI
 SBH …… etc

5.  A rate which is charged or paid for the use of
money.
 It is calculated by dividing the amount of
interest by the amount of principal.
 Interest rates often change as a result of
inflation and Federal Reserve Board policies.

EXAMPLE :- if a Lender (such as a bank)
charges a customer $90 in a year on a loan of
$1000, then the interest rate would be
90/1000 *100% = 9%.

6. BANK’S ORGANIZATION’S
 ICICI – 11.25%
 LIC – 11%
 HDFC – 11.5%
 INDIA BULLS – 10.5%
 SBI - 11%
 BIRLA HOME - 9.75%
 IDBI – 11.25%
 DHFL - 11.25%
 ING VYSYA – 10.25%
 RELIANCE - 10.75%
 AXIS – 11%

7. • An Organisation / Bank has all THE RIGHT
TO Reject The Loan if They Find Any Docs
missing while applying for the Loan
• Every Organisation has different ways Of
Verifying / Doing inspection according to
The Docs Submitted.

8.  Difference In Processing Fee.
Difference In Interest RATES
Interest RATES also depends on SECURITY which we
are showing to the BANK.

10.  Compound interest rates - Compound
interest is interest that is charged on a daily basis. This
type of interest rate keeps going and going. This is
the type of interest rate that most consumers are on
 Simple interest rates - Simple interest is only
calculated towards the principal amount that is unpaid.
This type of interest is basically the opposite of the
compound interest rate, it is not charged on a daily basis
 Fixed interest rates - If you have a fixed interest
rate it is an interest rate that is basically locked in for the
duration of the agreement. Fixed interest rates can be
beneficial, but make sure that the agreement is read thoroughly

11.  Introductory interest rates - This is an interest rate that is given in the beginning of
the offer for the time stated on the agreement. It is very important not to get sucked into
an agreement because the initial sign up looks great. After the introductory rate the
rates go up
 Partially fixed interest rate - This is an interest rate that allows the consumer to pay
partial interest on one part of the loan and variable interest on the other
 Variable interest rate - A variable interest rate is just as it sounds; it varies depending
on the changes in cash rate of other changes made by your provider.

13. Where,
L = Loan amount
i = Interest Rate (rate per annum divided by 12)
^ = to the power of
N = loan period in months

14. Assuming a loan of Rs 1 Lakh at 11
percent per annum , repayable in 15
years, the EMI calculation using the
formula will be :
EMI = (100000 x .00916) x ((1+.00916)^180 ) / ([(1+.00916)^180] –
1)
====> 916 X (5.161846 / 4.161846)
EMI = Rs 1,136