Acknowledgement

At the successful completion of my project I would like to extend my gratitude to all those without whose valuable guidance and support it would have not been possible. I hereby appreciate and acknowledge their efforts towards helping me complete my project. I am highly obliged to Bank Of Maharashtra, Fort for giving this wonderful opportunity of doing project on A Study of Hosing Loan in Bank of Maharashtra I thank Mr. Ramesh Chandra Mishra (Assistant General Manager) Mr.Anil Sawant (Housing Loan officer) for their wholehearted contribution despite their busy schedule. I would like to thank all other staff members of Banks fort office for helping me in every possible way. My sincere thanks to our Director Dr. Vijayaragavan for organizing the summer internship which gave me an opportunity to have the much needed corporate exposure. And finally I would like to thank my project guide Mr.Shailendra Pawaskar for his guidance and support.

Certificate of Approval

This is to certify that summer project entitled A Study Housing Loan in Bank of Maharashtra submitted by Mr. Chetan Suresh Malekar student of Pillais Institute of Management Studies And Research as part of curriculum of Master in Management Studies (MMS) is approved.

Prof. Shailendra Pawaskar Project Guide

Dr.Vijayraghavan Director-PIMSR

Declaration

I, Chetan Suresh Malekar, student of Pillais Institute of Management Studies And Research affiliated to Mumbai university, hereby declare that this project titled A Study of Housing Loan in Bank of Maharashtra in banks is solely done by me to the best of my knowledge no such work has been submitted by any other person for the award of post graduate degree or diploma. I also declared that all the information from secondary sources has been duly acknowledged in this project.

Chetan Suresh Malekar

Executive Summery
There are few things that are common to all living beings. Every human being dreams of having a safe and secured home for themselves and their family. A dream which is common to people across the globe and from all walk of economic life. In the changing world of interest rates and fluctuation in property rates a man is always confused whether to buy or rent a home. He is not sure about what is economically beneficial to him in long run. Though he knows that rented houses rent is eating into his saving without giving him any permanent solutions to his residential problems. He is not sure about how to get loan and what shall be the monthly installments which he shall have to pay against the loan and how he can try and beat both the changing interest rate and fluctuating property rates and come out a winner. The home loan market in India has seen a lot of change since the last 10 years or so. Apart from the offers and plans, even the numbers of financial institutions and the terms & conditions have seen a lot of transformation. You can easily grab the home loans in India at the low rate of interest with ease. Indian banks have come with the beneficial offer of less interest home finance for the loan seekers. Thus, it has become very convenient for the all finance seekers to apply for home loan in India by the finance providing firms in the country. Indian banks have offered the beneficial home loan plans such as fixed loan, floating loan and hybrid loan. All these three types of home finance can be easily grabbed by the Indian loan providing agencies at the less interest. Rate of interest keeps changing day, this is because of inflation, volatile market and consumer demand toward housing loan. So this will be advisable to take precaution while taking loan to avoid any further pain.

Table of Content Sr. No Topic Name Acknowledgement Certificate of Approval Certificate by Company Declaration by the student Executive summery Introduction Overview of banking sector Company profile Housing Loan Scheme List of document required for Housing loan Role of CIBIL In Housing Loan Process of sanctioning Housing Loan Applicability of Base Rate Comparative Analysis Findings Suggestion and Recommendation Conclusion Annexure Bibliography Page no

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