ABHYUDAYA CO-OPERATIVE BANK LTD

Introduction

Abhyudaya Co-operative Bank Ltd is an multi-state
,India and operating as a co-operative bank since 196!

In the year 196"several social #orkers and activists came
together and $ormed Abhyudaya Co-operative Credit %ociety
Ltd #ith a relatively small share capital o$ &s!''' ()%*+",!
-ithin a short period o$ time Abhyudaya bank Co-op, Credit
%ociety got converted into an )rban Co- operative bank!
In .une 196 Abhyudaya co-operative Bank Ltd #as
$inally established as a $ull $ledged co-operative bank!

It #as con$erred #ith %cheduled bank status by the &eserve
bank o$ India in the year 19++!
/n 11 .anuary 0''1 the bank #as registered as a multi-
state co- operative bank by the Central &egister, 2e# 3elhi!

Objectives
To give clarity about various aspects of credit
including acceptance, appraisal, scrutiny, sanction,
delegation, documentation and post-disbursement
follow-up.
To give proper direction to the Branches and other
functional heads about the areas in which credit is
to be encouraged and to fx maximum credit to be
given under diferent sectors and purposes.
To manage the Credit Risk i.e. to identify, measure
and mitigate the Credit Risk.
To encourage/achieve and continue minimum of
40% of total Adjusted Net Bank Credit towards
Priority Sector Advances and 10% towards Weaker
Section.
To maintain the CD Ratio less than 68% throughout
the year and to ensure that the Total Exposure of
the Bank includes the Amount Sanctioned but not
Disbursed, Un-utilized portion of CC and other
Working Capital facilities. However, the CD Ratio
should not exceed 70%. Though RBI Circular
permits granting of advances upto 70% of Deposits
and 70% of own funds, our objective is to maintain
CD Ratio less than 68% of only Deposits.
To strengthen credit appraisal, improve post
sanction follow-up, monitor credit facilities and to
improve quality of credit.
To diversify loan portfolio to diferent sectors and
new areas like export fnance / retail fnance etc.
To reduce the gross NPAs of the Bank to
a reasonable level during the year by strengthening
appraisal, sanction, post disbursement supervision
and efcient recovery steps.
To maximize proftability and return on capital.
Purpose
Purchase of Flat (New or resale) and construction of house,
including extension to existing Flat/ house and takeover of
Housing loan from other financial Institutions
Maximum amount
Maximum mount of !s"#$"$$%akh to the &eneficiar' of the
dwelling unit" (t (resent !s")*"$$%akh)
House Repair or Renovation/alteration.
Maximum Loan amt. Rs. 10.00 Lakh

Loan Amount Eligibility
n' Individual, +usinessman, (rofessional, ,elf-.m(lo'ed
salaried (erson having regular source of income"
Pro(ert' should &e in the name of a((licant (Individual)
The Co-applicant is necessary for Housing Loans" /o-
a((licant will mainl' &e spouse or son or daughter or
father or mother of the Principal Borrower and he/she
ma' &e an earning or non-earning mem&er" In these cases the
income of the /o-((licant can &e clu&&ed for calculation of
eligi&le loan amount" In the a&sence of the a&ove /o-
a((licants, Brother or Sister may be taen as Co-
applicant! but their "ncome shall not be clubbed for
calculation of eligi&le loan amount"
In case of #oint Agreements in Housing %oans, the
Purchasers (0wners) will &e the +orrowers and hence there is
no need for se(arate /o-((licants"
n' Individual, +usinessman, (rofessional, ,elf-.m(lo'ed
salaried (erson having regular source of income"
Pro(ert' should &e in the name of a((licant (Individual)
$r
B%
Eligibility as per &epayment Capacity '
!e(a'ment ca(acit' 1 2$$$$$
.MI factor
3herein,
!e(a'ment /a(acit' 4 Net monthl' Income 5(%ess) minimum
6ake home Pa' 5(%ess) 0ther %oan deduction"
Minimum 6ake Home salar'/ Income 4 7$8 of the Net Income/
,alar' ("m" ,u&9ect to Minimum of !s":$$$/- ; Maximum of
!s")$$$$/-
(hich e)er is lower*
Repayment

<( to )$'ears ()7$months) including the (eriod of
moratorium or holida' (eriod" 6he moratorium or re(a'ment
holida' ma' &e granted
) at the o(tion of the &eneficiar'
+) till /om(letion of construction or 2: months from the date of
dis&ursement of first installment which ever is earlier"
(!e(a'ment (eriod su&9ect to age of a((licant")
Rate of interest
%oan sanctioned u( to and including !s"2*"$$lakh
4 +,*--.*/
%oan sanctioned a&ove !s"2*"$$%akh u( to !s")*"$$lakh
'+0*--./*
%oan sanctioned &ove !s")*"$$lakh to !s"#$"$$lakh
4 +1*--./
1Floating !ate a((l'"
Margin
<( to !s"2*"$$lakh 2$8
&ove !s"2*"$$%akh to !s")$"$$%akh 2*8
&ove !s")$"$$lakh to !s"#$"$$lakh )$8"
Membership
!egular mem&ershi( for the a((licant and
/o- ((licant and Nominal Mem&ershi( for sureties u( to
!s")*"$$%akh"
,ureties to &e made regular mem&er for loan a&ove !s")*"$$%akh"
Sureties
(a) %oans up to &s*,-*-- Lah 5 0ne ,uret' with net
,alar'/Income a&ove !s"2)$$$ /- ("m"
(&) %oans abo)e &s*,-*-- Lah - 0ne ,uret' with net
,alar'/Income a&ove !s")$,$$$/- ("m" or Two Sureties with Net
,alar'/ Income a&ove !s"2)$$$/- ("m"
(c) In case the Housing %oan greement is in the 9oint names of
hus&and and wife and &oth are em(lo'ed in re(uted com(an'/
organi=ation and having good re(a'ment ca(acit', then one
,uret' either famil' mem&er or outsiders Net ,alar'/Income a&ove
!s"2)$$$/- &e o&tained for loans u(to !s"#$"$$ %akh"
Prime securities
Mortgage ; Insurance of Flat/ House financed"
Collateral security
%IP, N,/, (Not to F>! etc if availa&le insist")

Service Charges
$"#$8 of sanctioned amount"
Share Linkage
%oan u( !s")$"$$%akh 28 or )*$shares(Max) which ever is
less
%oan a&ove !s")$"$$%akh 28 or *$$ ,hares(Max") which ever is
less
Others
?aluation of (ro(ert' is must for resale flat@-
I) ?alue of Flat/House or amount a((lied u( to !s")*"$$%akh,
valuation &' +ank official will &e relied u(on"
In case of value of more than !s")*"$$%akh, valuation &'
(rofessionall' Aualified inde(endent +ankBs (anel valuer will onl'
&e relied u(on"
II) In case of (urchase from +uilder (First Purchase), the valuation
from the valuer is not necessar', if there is no considera&le
difference in the agreement ; Covt" ?alue"
HOS!"# $%&%LOPM%"' (!")"C% CORPOR)'!O"
L'$*+H$(C,
!"'RO$C'!O"
H>F/ is an Indian financial conglomerate &ased in Mum&ai,
India" It is a ma9or (la'er for housing finance in India" it also has a
(resence in &anking ,life and general insurance ,asset
management ,venture ca(ital and education loans"
It was founded in 2D## as the first s(eciali=ed
mortgage com(an' in India "H>F/ was (romoted &' the
industrial credit and investment cor(oration of India "
In )$$$ ,H>F/ asset management com(an'
launched its mutual fund schemes " In the same 'ear ,I!>
granted registration to H>F/ standard life insurance ,as the first
(rivate sector life insurance com(an' in India"
It is im(ortant to choose a good housing finance
com(an' which can handhold the consumer right through his home
&u'ing (rocess" ,ince a home loan is long term commitment of 2*-
)$ 'ears several factors like ex(ertise , Aualit' of services ,in-de(th
domain knowledge and the com(an'Bs level of commitment and
trans(arenc' right through ,the loan (rocedures, the fine (rint,
Aualit' of services offered and safe retrieval of the title deed are
critical
H$(C Home Loan )-vantages
/ounselling and advisor' services for acAuiring a (ro(ert'
Instant home loan a((roval
3idest range of home loan (roducts ; services like home
loans, home extension loans, loans to (rofessionals for office
or loans (loan against (ro(ert') ,short term &ridging loan etc"
%oan from an' office for (urchase of home an'where in
India
%oan a((roval even &efore a (ro(ert' is selected
Flexi&le loan re(a'ment o(tions like ste( u( re(a'ment
facilit' ,flexi&le loan installments (lan, tranche &ased .MI ,
accelerated re(a'ment scheme ; telesco(ic re(a'ment
o(tion
?ast network of overE*2 in India ,offices in ,inga(ore ,
%ondon ; >u&ai and franchises in the gulf coo(eration
council (C//)region"
Free ; safe document storage
0nline a((lication facilit'

Purpose
Purchase of
Flat , raw house , &ungalow from develo(ers
.xisting freehold (ro(erties
Pro(erties in an existing or (ro(osed
co- o(erative housing societ' or a(artment
ownerBs association
Applicant and co-applicant to the loan
Home loans can &e a((lied for either individuall' or
9ointl' " (ro(osed owners of the (ro(ert', will have to &e co-
a((licants" However, the co-a((licants need not &e co
owners"

Loan Amount Eligibility
,alaried individual or self em(lo'ed individual or self em(lo'ed
(rofessional like doctor ,law'er,etc
N!I or resident Indians
ged &etween )2 'ears and F* 'ears
Have a good /I+I% credit score
Cood re(a'ment ca(acit' with fixed and sta&le income source"
Repayment
2 'ears to )$ 'ears"
)mount fun-e-
<( to :* 8 of (ro(ert' value
Processing (ees
$"* 8 of the loan amount ca((ed at !s"2$$$$
!nterest rate
<(to and including !s"E$ lakhs -2$"*$ 8 - 22"$$ 8
0ver !s" E$ %akhs -2$"#* 8 - 22")* 8