8/8/2019 Copy of Two Wheeler Loan

1/17

How to get

Two Wheeler Loan

Submitted To: Submitted By:

Dr. Manmeet Singh Saurabh Jain

Mayank Dubey

Gujar Jitendra

Ankit Jain

Sunil Singh Parmar

8/8/2019 Copy of Two Wheeler Loan

2/17

To understand process of two wheeler loan.

How banks & NBFCs provide two wheeler

loans to customer considering following

parameters:

Customer profile Documentation

Schemes

8/8/2019 Copy of Two Wheeler Loan

3/17

INTRODUCTION

We have selected 2 Bank 3 NBFC:

Indusland Bank Ltd

HDFC Bank Ltd

TVS Finance & Services Ltd

Berar Finance Ltd

Fullerton India Credit Company Ltd

8/8/2019 Copy of Two Wheeler Loan

4/17

Indus Valley civilization.

Mr. Srichand P. Hinduja, a leading NRI.

The Bank, inaugurated in April 1994 by Dr. Manmohan Singh

8/8/2019 Copy of Two Wheeler Loan

5/17

HDFC was amongst the first to receive an 'in principle'

approval from the RBI in 1994.

The bank was incorporated in August 1994 in the name of

'HDFC Bank Limited', in Mumbai, India. HDFC Bank commenced operations as a Scheduled

Commercial Bank in January 1995.

The objective is to provide all banking services to its

customers.

8/8/2019 Copy of Two Wheeler Loan

6/17

The TVS-FS history began in 1982 as Harita Finance.

We believe that the customers needs are better met when

we make an attempt to understand them.

We offer finance exclusively for all TVS vehicles ranging frommopeds to motor bikes , at your doorstep in over 280 Towns

and Cities in India.

8/8/2019 Copy of Two Wheeler Loan

7/17

A Company promoted by Mr. M. G. Jawanjar, a first

generation entrepreneur.

Company has firm plans of increasing business rapidly in

Chhattisgarh, Madhya Pradesh and in the rest ofMaharashtra.

Retail Financing

2/3 Wheelers Loans

Loan for office equipments Personal Loans

Loan against Company's own Deposits

Loan for used Cars/Trucks

Berar Finance

8/8/2019 Copy of Two Wheeler Loan

8/17

FICCL is a Non Banking Finance Company (NBFC) with an A

category license.

The Company was established in 1994.

To service its customers, the Company has two majordivisions Vyapaar andParivaar.

8/8/2019 Copy of Two Wheeler Loan

9/17

Features & Benefits

8/8/2019 Copy of Two Wheeler Loan

10/17

Documentation

Age Proof

Identity Proof

Address Proof

Income Proof

Bank Statement (min. 6 month old)

Post Dated Cheque

8/8/2019 Copy of Two Wheeler Loan

11/17

Common Norms

Applicant

Co-applicant

Guarantor

8/8/2019 Copy of Two Wheeler Loan

12/17

Schemes

8/8/2019 Copy of Two Wheeler Loan

13/17

Indusland

Bank

HDFC Bank TVS-FS Ltd Fullerton India Ltd Berar Finance

Vehicle Heero Honda

Passion Pro Cast

Self

TVS-StarCity-Es-

Mw

TVS-StarCity-Es-

Mw

HeeroHonda Passion

Pro Cast Self

TVS-StarCity-Es-

Mw

On Road

Price

51807/-

Include Hyp

(44940+150)45090/-

150- Hyp charge

45090/-

Include Hyp

51807/-

Include Hyp

45090/-

Include Hyp

Loan

Amount

37100 31000 31000 36000 31000

Rate Of

Interest

11.5% 10.5% 10.9% 11% 11.2%

E M I 1593/- 1305/- 1315/- 1530/- 1322/-

Tenor 30 month 30 Month 30 Month 30

Month

30 Month

Advance

E M I

No No 1315

(1- EMI)

3060/-

(2- EMI)

2644/-

(2- EMI)

Processing

Fee

4700/- 3022/- 1395/- 2010/- 2107/-

Margin

Money

14900 14090 14090 15807 14090

Down

Payment

4700

+14900

=19600/-

3022

+14090

=17112/-

1315

+ 1395

+14090

=16800/-

3060

+2010

+15807

=20877/-

2644

+2107

+14090

=18841/-

Total

Interest in

Amt.

15583/- 11172/- 9845/- 11910/- 10767/-

8/8/2019 Copy of Two Wheeler Loan

14/17

Interpretation

According to our study we found that Rate of

interest of all financer are little bit similar but

loan amount of 3 financer Tvs finance , HDFC

Bank, Berar Finance is same still tvs is

charging lowest interest which is 9845 and

processing fee is also different so we can say

that Tvs finance is providing best scheme.

8/8/2019 Copy of Two Wheeler Loan

15/17

Findings

Above study is on the base of present conditionbut we can not say this interpretation is valid forevery time because financer makes change inschemes according to time i.e., main season oftwo wheeler is Diwali season & January socustomer wants lowest interest so he takes allavailable schemes on the showroom and then heproceeds for loan. We saw 3 4 financer on

every two wheeler showroom so there iscompetition & they try to convince customer byreducing interest , by taking approval from creditmanager.

8/8/2019 Copy of Two Wheeler Loan

16/17

Conclusion

According to our findings & our true efforts

towards the project, we can say TVS finance is

best financer because he is charging low

interest.

8/8/2019 Copy of Two Wheeler Loan

17/17