A COMPARATIVE STUDY OF HOME LOANS OF STATE BANK OF INDIA (S.B.I.) AND HOUSING DEVELOPMENT FINANCE CORPORATION (H.D.F.C.) BANKS: AN EMPERICAL STUDY OF BATHINDA, PUNJAB

Finance

Every human being wants their own house. House is a profitable and useful in the future and furnishes propulsion to economic development. But in today’s scenario buying the home is a challenging chore, because it is a major expenditure. A middle class family cannot afford this expenditure. To resolve this activity, government provides housing finance loan facility for every person at lower interest rate. Housing finance sector encourage of tax rebates. Housing finance means to take a home on loan basis in which we pay monthly installments with favorable interest rates. A loan facility has been provided on the basis of people's eligibility and the bank's rules. Many number of banks and financial institutions entered in housing financing sector which offer cheap loans at low interest rate. Interest rate is very important part of loans. The banks and financial institutions provide two types of interest rates i.e. fixed and floating for loan. Banks are not only provides home loan but they also provides improvement, extension, conversion, construction loan etc. The main purpose of this study to comparison and analyze between home loan procedure and customer satisfaction of S.B.I. India’s largest public sector bank and H.D.F.C. is the largest private sector banks in India. For this study we have taken S.B.I. and H.D.F.C. banks which represent the city of Bathinda, Punjab.

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