A STUDY ON COMPARITIVE ANALYSIS ON HOME LOANS IN ICIC BANK AND HDFC BANK

Abstract

Against the milieu of rapid urbanization and a changing socio economic scenario, the
demand for housing has grown explosively. The importance of the housing sector in the
economy can be illustrated by a few key statistics. According to the National Building
Organization ( the total demand for housing is estimated at 2 million units per year and
the total housing shortfall is estimated to be 19.4 million units, of which 12.76million units is
from rural areas and 6.64 million units fr om urban areas. The housing industry is the second
largest employment generator in the country. It is estimated that the budgeted 2 million units
would lead to the creation of an additional 10 million man years of direct employment and
another 15 million m an years of indirect employment. A year equates a century, knowledge
compresses time and the information technology sweeps the world, gathering momentum with
each new application, soaring towards fresh goal, rapidly opening vistas hitherto unknown.
Here we are, in the 21st
century. Years that catapults us towards new challenges at every stage of endeavor. It gives us
good reason for aiming high. Keeping the above philosophy in mind, this project is carried out
with an objective to identify the basic needs o f the applicants and the process of Home Loans in
HDFC Bank Ltd.