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HDFC

Gear uP!
by

Amit Wayal

on 15 April 2011

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Transcript of HDFC

Presentation on
Credit
Technical
Legal
Amit Wayal
Aditya Toley Agenda
Introduction
Credit
Technical
Legal History
1977.Hasmukh bhai Parekh
30 years. 33 lac customer.
200 offices. 2400 locations. Introduction Board of Directors
Mr. Deepak Parek, Chairman
Mr. Keshub Mahindra, Vice Chairman
Ms. Renu Karnad, Joint MD
Mr. Keki Mistry, Vice Chairman & MD Objective
Enhance & Promote
Increase & Integrate Subsidiary & Associate companies
HDFC Bank(22.7%)
HDFC-SL(72.4%)
HDFC-AMC(60%)
HDFC-ERGO(74%)
GRUH(61.5%)
HSPL(100%) Co-promotedCompanies
HDFC Developers Ltd(100%)
HDFC Investments Ltd(100%)
HDFC Realty Ltd(100%)
HDFC Property Ventures Ltd(100%)
HDFC Holdings Ltd(100%)
HDFC Ventures Capital Ltd(80%) Approvals: 237,450 Cr
Disbursements: 191,806 Cr
Net Assets Growth: 81.25%
Cost to Income ratio: 8.8%
The loan book growth: 16%
Profit after tax growth: 23% Credit Products HOME LOAN
Purpose 1. New purchase2. Construction
Max Term : 20 years
ROI: ARHL, FRHL,DRHL2
Processing Fees: 0.5 %(<20 Lac) OR 10K (>20Lac) + Service Tax: 10.3%+Stamp Duty:0.2%+Franking:Rs.100
LCR: 85%
Tax Benefit:Under Section –80(c) -1L, 24(b) -1.5L HOME IMPROVEMENT LOAN
Purpose: Internal Works (Tiling and flooring, Plumbing and electrical work)External Works(Waterproofing and roofing ,Grills and aluminum windows ,Construction of water tank)
Max Term : 20 years
ROI: ARHL, FRHL,DRHL2
Processing Fees: 0.5 %(<20 Lac) OR 10K (>20Lac) + Service Tax: 10.3%+Stamp Duty:0.2%+Franking:Rs.100
LCR: 100%
Tax Benefit:Under Section –80(c) -1L, 24(b) -1.5L HOME EXTENSION LOAN
Purpose: Add space additional room, larger bathroom,open balcony.
Max Term : 20 years
ROI: ARHL, FRHL,DRHL2
Processing Fees: 0.5 %(<20 Lac) OR 10K (>20Lac) + Service Tax: 10.3%+Stamp Duty:0.2%+Franking:Rs.100
LCR: 85%
Tax Benefit:Under Section –80(c) -1L, 24(b) -1.5L TOP-UP LOAN
Purpose: End use of fund anything other than speculations.
Max Term : 10 years
ROI: 10.25%
Processing Fees: 0.5 %(<20 Lac) OR 10K (>20Lac) + Service Tax: 10.3%+Stamp Duty:0.2%+Franking:Rs.100
LCR: 60% of valuation
Tax Benefit:Nil Non-Residential Premises
Purpose: Purchase, Construction, Improvement of Office, Clinic.
Max Term : 10 years
ROI: 12.75%
Processing Fees: 0.5 %(<20 Lac) OR 10K (>20Lac) + Service Tax: 10.3%+Stamp Duty:0.2%+Franking:Rs.100
LCR: 85%
Tax Benefit:Yes LAND PURCHASE LOAN
Purpose: Construction,Investment.
Max Term : 15 years
ROI: ARHL,FRHL,DRHL2
Processing Fees: 0.5 %(<20 Lac) OR 10K (>20Lac) + Service Tax: 10.3%+Stamp Duty:0.2%+Franking:Rs.100
LCR: 85%
Tax Benefit:Nil Balance Transfer(LAP)
Purpose: Refinancing.
Max Term : 20 years
ROI: ARHL,FRHL,DRHL2
Processing Fees: 0.5 %(<20 Lac) OR 10K (>20Lac) + Service Tax: 10.3%+Stamp Duty:0.2%+Franking:Rs.100
LCR: 85%
Tax Benefit:Nil Fundamentals IIR= EMI/Gross Salary FOIR=(Total obligations +EMI) /Gross Salary LCR= loan amount/cost of property LVR= loan/ current valuation EMI=L*r[(1+r)n]/(1+r)n-1 ARHL.FRHL.DRHL Amortization:The gradual repayment of a debt over a specific period of time. Payments are usually due on a recurring and cyclical basis (e.g., monthly), and include interest on top of principal. RedemptionCharges
FRHL( 2% of amount being prepaid is payable, if amount>25% of opening balance).
ARHL( if prepayment is made within 3 years of first disbursement, 2% of amount being prepaid is payable, if amount>25% of opening balance). Pre-EMI:It is the Simple Interest paid on the amount disbursed from the date of disbursement till the end of the month. Credit HUB (HDFC sales, HDFC bank) Credit HUB (walk-in, outstation) Documents Technical Technical Appraisal Concepts How to determine disbursement
Disbursement is in proportion to the stage of construction.
Disbursement = [% of work completed + 15 %] cost of property - own contribution Legal Self Employed Double Whammy (only for self-employed)
IIR or FOIR (whichever is higher)+LCR < or = 130% Gross receipts method (only for professionals):
Eligibility = Last 3 years average annual gross receipts X (Multiplying factor) Thank You!
Full transcript