HDFC BANK CONSUMER DURABLE LOAN

1. PRESENTATION
ON
CONSUMER DURABLE LOAN
PRESENTED BY-
RAJESH RAM

2. HDFC BANK
HDFC Bank Limited is an Indian banking
and financial services company headquartered
in Mumbai, Maharashtra Incorporated in 1994, it is
the fifth largest bank in India as measured by assets. It
is the largest private sector bank in India by market
capitalization as of February 2014.
HDFC was ranked 45th on the list of top 50 Banks in
the world in terms of their market capitalization.

3. In Sep 2013 the HDFC Bank launched new product in
the market that is……
(Consumer Durable Loan)


4. CONSUMER DURABLE LOAN
DEFINITION
Consumer Durable loan is an installment loan to
Individual for a specified sum of money towards
the purchase of a consumer durables products.

5. INRODUCTION
Consumer Durable loan* is a finance option for
purchase of household items like Washing Machines,
Refrigerators, AC, Color TV, LCD, Microwaves etc.

6. Consumer durables are a category
of consumer products that do not have to be
purchased frequently because they are made to last
for an than three years). They are also
called durable extended period of time (typically
more goods or durables.

7. WHY HDFC BANK CONSUMER
DURABLE LOAN
 BENEFITS
 Low EMI because of
Extended tenure of Up to
36 months
 Less Burden – Enjoy up to
100% finance with zero
advance EMI payments
 Great deals with complete
transparency
 FEATURES
 Up to 100% finance
 36 months Tenure
 Loan amount up to 15 lacs
 Nominal processing fees
 No blocking of credit cards
limits
 Minimal margin money

8. PRODUCT CATEGORIES TO
CHOOSE FROM
 LED Televisions
 Refrigerators
 Washing Machine
 Laptops and Ultra books
 Air conditioners
 High End Audio and Home Theater Systems
 Recliners
 Tablets
 Modular Kitchen
 High End Camera and Lenses
 Mobile Phones

9. WHICH ALL CITIES THE HDFC
BANK CONSUMER DURABLE
LOAN IS AVAILABLE
 Mumbai,
 Delhi,
 Bangalore,
 Chennai,
 Pune,
 Hyderabad,
 Jaipur,
 Chandigarh,
 Cochin,
 Ahmedabad and
 Kolkata

10. DURABLE LOAN INTEREST
Rack interest rate
Salaried - 16.00% to 20%
Self-employed businessman
- 18.00% to 22.00%
Self-employed profession -
14.50 to 18.00%

11. PREPAYMENT CHARGES
 PREPAYMENT
 PRE-PAYMENT
CHARGES
 No pre-payment
permitted until
repayment of 6 EMIs
 07-24 Months - 4% of
Principal Outstanding
 25-36 Months - 3% of
Principal Outstanding
 >36 Months - 2% of
Principal Outstanding

12. HDFC BANK CONSUMER
DURABLE LOAN ELIGIBILITY
 CONDITION
 Minimum Age
 Maximum Age ( At the time
of loan closure )
 Minimum Income
 CREDIT CRITERIA
 Salaried - Min - 21 yrs
 Self Emp. – Min. – 26yrs
 Salaried – Max – 60yrs
 Self emp. – Max – 65 yrs
 HDFC Bank Salary account
Customers – 15000*
 Others - Rs. 18000

13.  Tenure
 Min Loan amount
 Maximum Loan amount
 12 – 36 months (Depending on
Product Type)
 Rs.25000
 Durables : Rs. 5,00,000 LSP - Rs.
15,00,000

14. HDFC BANK CONSUMER
LOAN DOCUMENTATION
 SALARIED
 KYC - ( Know your
customer )
 Latest 2 month salary slip
 Latest 3 months bank
statement
 SELF EMPLOYED
 KYC - ( Know your
customer )
 Latest 2 years Income Tax
Return
 Latest 6 months bank
statement

15. SCOPE IN THE CONSUMER
DURABLE FINANCE
The scope of the Indian retail market is immense for this sector is
poised for the highest growth in the next 5 years. The India retail
industry contributes 10% of the countries GDP and its current growth
rate is 8.5%.
The organized retailing sector in India is only 3% and is expected to
rise to 25- 30% by the year 2010.
This proves that there is a tremendous scope for growth in the Indian
retail market.
The scope of the Indian retail market have been seen by many retail
giants and thats the reason that many new players are entering the
India retail industry.

16. CONCLUSION
Consumer finance is the segment of the financial services industry that lends
money to individual consumers. Although banks and credit unions are
among the lenders in the consumer finance industry, alternative lenders
include finance companies, pay day loan services and establishments
specializing in lending to borrowers with poor credit.
Interest rates
Interest rates are an important aspect of consumer finance. Consumers may
do themselves a great service by understanding the effect of the interest rate
charged on the amount of their loan.
Credit Rating
Credit ratings impact a consumer's ability to obtain favorable consumer
financing. Generally, a consumer's individual credit rating may serve as a
way to gauge the risk of a consumer defaulting on the loan.

17. Agencies
Three primary agencies--Experian, Equifax and TransUnion--provide
lenders with credit information about individual consumers.
Fraud
Consumer finance products may not all be in the best interest of the
consumer. Consumers with poor credit or limited financing options
may be especially susceptible to potentially bad financing services.

18. THANK YOU