Comparative Study On Housing Loans Of Sbmy

Comparative Study On Housing Loans Of Sbmy

Housing Loans, This research article is aimed to compare and critically analyse the housing loan schemes offered by State Bank of Mysore and Union Bank of India, Bangalore Branch, India
OBJECTIVE OF THE STUDY

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To recognize and evaluate literature relevant to the theories of home loans.

To evaluate the general awareness of the various schemes currently offered by HFCs / banks and the purpose of which housing loan are given.

To perform comparative analysis for housing loan schemes for State Bank of India and Union Bank of India.

To study the documentation process in HFCs (Housing Finance Companies) and critically evaluate problem faced by clients during the process of lending housing finance in banks.

To assess and suggest appropriate Conclusions and Recommendations with regards to housing loan schemes offered by SBM or UBI Bank to the customers.
Introduction

This article explains the housing loan schemes offered by banks in order to bolster the current housing finance situation in India and to taper down the margin between the housing demand and the availability of houses, The National Housing Bank was set up in the year 1988. This was done by keeping in mind that a home seeker though does have a desire for a house but lacks the resources for construction or buying it. To give an enhancement to private housing finance institutions the National Housing Bank came into the picture. It is a principal agency to promote housing finance institutions both at local and regional levels and to provide financial and other support to such institutions. While it is important to keep in mind that the National housing Bank itself does not give loans or finance individuals or a party as such. It is only a corporate body to promote, establish, support or aid the housing finance institutions.