Summer Internship Project Report

JK BUSINESS SCHOOL, GURGAON-SOHNA EXPRESSWAY, DAMDAMA
LAKE ROAD, BHONDSI, GURGAON-122102

July 2016
PROJECT REPORT
GENCORP ADVISORY INDIA PRIVATE LIMITED (GAIPL)
Vikrant Tower, Rajendra Place, New Delhi 110008
A REPORT ON
Car Loans & Loans on Commercial Vehicles
Submitted by
Prakhar Agarwal
Enrollment No AICTE / 2015-17/ 27
In partial fulfillment of Summer Internship for Post Graduate Diploma in
Management
External Guide
Mr. O.P Mishra
Internal Guide
Prof. Amit Kumar
Assisant Professor
JKBS
Gurgaon
Prakhar Agarwal/JKBS/AICTE/PGDM 2015-17/27 , JK Business School, Gurgaon
ACKNOWLEDGEMENT
I would like to gratefully acknowledge the contribution of all the people who took their
time out to take active part and provide valuable support to me during the course of my
project. To begin with I would like to thank Mr. O.P. Mishra (Project Head), my mentor
for giving me opportunity to work under his guidance. Without his guidance, support and
valuable suggestion the project would not have been completed. I would also like to
thank Mr. Ankush Sharma to give opportunity to work in such a reputed company.
My sincere gratitude to the entire team of GENCORP ADVISORY INDIA Pvt. Ltd.,
Delhi for their co-operation and willingness to provide me answers and information to all
the questions I sought.
I would like to sincerely thank Prof. Amit Kumar my faculty mentor at JK Business
School, who always appreciated my work and motivated me and timely asking me
questions regarding work so that it will add value to my knowledge and gave me
important learning that how information exchange is beneficiary.
Lastly I would like to thank my parents and classmates who always encouraged me and
my confidence and sincerity towards the work.
Name of student
PRAKHAR AGARWAL
BONAFIDE CERTIFICATE
This is to certify that Mr. PRAKHAR AGARWAL a student of JKBS Gurgaon, pursuing
PGDM, has successfully completed Summer Training at GENCORP ADVISORY
INDIA PVT. LTD. from 09 May 2016 to 29 June 2016. As part of his curriculum, the
project report entitled, Project Report on Car Loans & Commercial Vehicles Loans
submitted by the student to the undersigned is an authentic record of his original work,
which he has carried out under my supervision and guidance.
I wish him all the best.
Date:-
---------------------------Mr. O.P Mishra

(Project Head)
Summer Project Certificate
This is to certify that Mr. PRAKHAR AGARWAL, Roll No. JKBS/PGDM/2015-17/27

a student of PGDM has worked on a summer project titled Project Report on Car
Loans & Commercial Vehicles Loans. at GENCORP ADVISORY INDIA PVT.
LTD. after trimester III in partial fulfillment of the requirement for the Post Graduate
Diploma in Management Program. This is his original work to the best of my knowledge.
Date:Signature
(Prof. Amit Kumar)
LETTER OF AUTHORIZATION
I, Prakhar Agarwal, a student of JK Business School (JKBS), hereby declare that I have
worked on a project titled Project Report on Car Loans & Commercial Vehicles
Loans. during my summer internship at GENCORP ADVISORY INDIA PVT LTD.
in partial fulfillment of the requirement for the Post Graduate Diploma in Management
program.
I guarantee/underwrite my research work to be authentic and original to the best of
my knowledge in all respects of the process carried out during the project tenure.
My learning experience at GENCORP ADVISORY INDIA PVT. LTD., under the
guidance of Mr. O.P Mishra (Project Head), and Prof. Amit Kumar has been truly
enriching.
Date:-
----------------------------
(Prakhar Agarwal)
TABLE OF CONTENTS
Serial No.
Contents
Page No.
Executive Summary
About Organization
Auto Loan Industry in India
36
Research On The CAR LOAN
43
Tie-Up with the Banks And NBFCs
52
7.
SWOT Analysis
54
8.
Competitors
55
9.
Porters Five Forces Model
56
10.
STEP Analysis
58
11.
FINANCIAL TERMS LEARNED DURING THE

INTERNSHIP TENURE
59
12.
JOB Profile
60
13.
Learning
61
14.
Bibliography
62
Executive Summary
GENCORP ADVISORY INDIA PVT LTD introduces its online platform as
Loansmandi.com.
GAIPL is a Financial Services Distributor having more than two decades of experience
and expertise to bring unmatched value to prospect customers. We assist businesses and
individual in full filling their financial requirement by providing entire spectrum of
financial products and services. We are Distribution Partners for all with leading
Banks/NBFC/ Housing Finance and Insurance companies.
Our company brings multiple lenders at one place so no one has to speak to several
financers or search multiple websites to find the right product. Our company will handle
your financial need end to end, from understanding, documentation processing and final
delivery of the product in the most professional manner.
I have done a survey and took GENCORP members inputs to know the real challenges. I
also learnt how to connect with the customers , how to convince them for the products
we offer to them and how to interact with the other DSA companies and to convince them
to become our channel partners . .
So this is an overview of the project.
About the organization
CIN
U74140DL2015PTC283670
Company Name
GENCORP ADVISORY INDIA

PRIVATE LIMITED
Company Status
Active
Registration Number
283670
Company Category
Company limited by Shares
Class of Company
Private
CIN
U74140DL2015PTC283670
Registered
Office:
88 A, meharchand
market Lodhi Colony
New Delhi
Landline +91 11 4110
8201
Sales Office:
406 Vikrant Tower
Rajendra Place Delhi
110018
Landline: +91 11 4705
5128
WHAT WE DO
GAIPL is a Financial Services Distributor having more than two decades of experience
and expertise to bring unmatched value to prospect customers. We assist businesses and
individual in full filling their financial requirement by providing entire spectrum of
financial products and services. We are Distribution Partners for all with leading
Banks/NBFC/ Housing Finance and Insurance companies.
Our Strengths:
Ability to leverage relationships
o Strong Pan India network coupled with deep seated relationships with banks,
NBFCs & Insurance Co provides a strong delivery platform and ability to
close complex deals for secured & unsecured loan requirements.
One stop shop
o Product Range : Auto loans-New/Used/Refinance/Top-Up, SecuredLAP/HL/Lease Rental Discounting, Unsecured-BIL / Personal LoanSalaried & Self Employed, Bank Overdraft Limits-( CC/OD-PSU &Pvt
Banks) , Institutional Funding Tie-Up / Insurance Products(Life/Non-Life)
Strong delivery capability
o Sound understanding of financial sector basiswhich rightproduct from right
institution is offered to client
o Experienced, well-grounded team who understand customer service and
customer expectation. Transparency and client centric work culture is part of
our DNA.
Operational expertise
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o Delivering exceptional services by combining innovation, product

knowledge and backed by strong loan processing capabilities.
o End to End ERP developed for seamless execution and fast flow of
information to banks ,clients and channel partners
WHY Us?
Right Product at Right Price
o We advise and deliver the most appropriate product at the most competitive
price.
o We bring you best deals and discounts, from our partners.
One Stop Shop, Save Time
o We bring multiple Lenders at one place so you dont have to speak to several
financiers or search multiple websites to find the right product
o We will handle your financial need end to end, from understanding,
documentation, processing and final delivery of the product in the most
professional manner.
Transparency And Privacy
o Based on the documents submitted, we evaluates and process your loan
requirement with banks and NBFCs that are best suited to lend money to
you for your financial needs.
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o Your personal information will only be used for loan processing purpose and
will be kept with utmost security.
OUR VISION
To be Indias most recognized Financial Distribution Company.
To become largest Financial Distributor and provide one stop solution for all
Financial Needs.
OUR MISSION
We believe in bringing value addition to our customers and employees and creating
a benchmark by adhering to quality ,honesty, transparency and value for money.
OUR VALUES
Client Centric -- provides solutions which are best suited to clients long term Interests
Collective Experience & Superior Access -- GAIPLs Team brings decades of valuable
experience across Banking, Education, Real Estate Sectors and People Outsourcing
Sector. Coupled with a strong institutional network, it gives the team access to
opportunities well before it hits the market.
Value Delivery -- GAIPLs single minded focused would be to unlock value of the
Clients business and financial requirement.
Dedication -- team has an un-relenting desire to improve, learn and implement .We are
committed to delivering consistent long term service at the highest industry standards.
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TEAM MEMBERS
TARUN KHARBANDA
Tarun is an astute professional with nearly 20 years of experience in Sales, Marketing,
Business Development and Client Management in Financial Service Industry. Tarun is a
graduate from Delhi University. Tarun excels in formulating and effectuating strategies,
driving teams to ensure result and on building strategic tie ups. Tarun started his career
with Trans Continental Finance Ltd and after a successful stint as salaried professional
for 4 years, he ventured out as an entrepreneur to build one of the largest financial
services distribution company in India.
SONIK JULKA
A result oriented proactive and hard working entrepreneur with strong determination to
drive results. His core competencies include creating strategies that underlies sales
techniques, business communication and business development. Sonik is a Post Graduate
in Commerce from Delhi University with a degree in business finance. Soniks has total
work experience of 20 years as an entrepreneur and has successfully built one of the
largest brands in Automobile sector in Delhi NCR. He started his career with Onida
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Finance Ltd and then went on to build GENCORP INC which is a market leader in
Financial Services in Delhi NCR.
OP Mishra
OP has over 12 years of extensive experience in Marketing & Sales Management. He has
been setting up Channels with hands down experience of execution & management of
Technology training centers across India. He has rich experience in Business Consultancy
Services in Govt. Enterprise and Academics, Sales & Marketing, Key Account
Management, and Team Management in the IT/ITES industries. He is a proactive planner
& strategist with expertise in managing Govt. Education and skill development Projects,
setting up training centers, Certification, and Academic Businesses. He has been part of
companies like HCL, KarROX, IIHT, & STG.
Ankush Sharma
Ankush, Law Graduate& CA Final, is a proactive and result oriented Finance
professional with legal backup. He has executed multiple projects efficiently under given
budgets and Time frame. He has a thorough knowledge of financial policies, principles &
procedures and statutory enactments. Ankush is deft at interacting with multiple levels of
organization, management & staff from different locations. He has experience of different
working conditions and different work cultures, across different clients, different
Industries. Ankush has a strong analytical, problem solving & organizational abilities.
14
15
BRANCH NETWORK
16
17
Mumbai
1st floor, Laxmi Bunglow, Anand building compound, Carter Road No. 4, Borivali East.
Mumbai 400066
Ahmedabad
S.R House, Gd Floor, Nehrunagar, Satellite Road Ahmedabad 380015
Ph: +91 98204 012424
Amritsar
56 paristown, Batala Road Amritsar
Ph: +91 94176 90459
S.c.f 1, c block market, Ranjit Avenue, Amritsar. 143001.
Upcoming Locations
Ludhiana
Chandigarh
Jaipur
Jallandhar
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PRODUCTS OFFERED BY THE COMPANY
BUSINESS LOAN
CAR LOAN
LOAN AGAINST PROPERTY
PERSONAL LOAN
HOME LOAN
BANK OVERDRAFT
INSURANCE
1. BUSINESS LOAN
Business loans are unsecured income-based loans for self-employed individuals or
companies.
Unsecured business loans have no requirement for a security or collateral to be
submitted and are offered on the current financial strength and past credit record of the
borrower.
Such loans can extend from Rs 1 lakh to 1 crore and have a repayment period of 1-5
years. They are suited for companies looking at funds for capital expenditure,
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infrastructure / business development, business expansion or to fund any small to

medium term enterprise.
They are not as flexible as overdrafts and other credit lines which usually support dayto-day working capital requirements but are easy to avail with simple paper work and
fast processing and the borrower does not need to lock in any asset or security as
collateral. Business loans are usually costlier than other forms of secured business
finance.
Eligibility calculation for a Business Loan

Your eligibility is determined after looking at the following:
Last 2-3 years business financials
Years in business and current level of business activity
Nature of the industry the business operates in and how that industry has fared in recent
times
The current level of obligations of the company i.e. the other Installments (EMIs) ,
credit limit and other types of finance the company may have
The company's past credit history.
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Feature of a Business Loan
Business Loan does not require any collateral and the facility is availed by self
employed business entities including Proprietorship/ Partnerships/Pvt Ltd Co &
Non Listed Co.
You can avail an unsecured Business Loan up to Rs. 100 Lacs from multiple
Financiers.
Tenure for these loans range from 12 months to 48 months.
Business Loan rate of interest in always fixed.
You can repay through either Post Dated Cheques or ECS
2. CAR LOAN
There are two types of CAR LOAN
a. Old Car Loan
b. New Car Loan
a. OLD CAR LOAN
A Used car loan is a finance option that allows the potential customer to raise
finance by taking loan against a car that he owns or intents to buy. pay the vehicle
off in monthly payments instead of having to pay the full price all at once. Used
Car loan is secured against hypothecation of the vehicle and this product is
available for salaried and self-employed individuals, proprietorships, HUF,
Partnership firms, Limited Liability Partnership Firms, Trusts, Societies and
Companies. Following product options are available Under Used Car Finance:
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Sale purchase of used car

This option is availed by customers who intend to buy a pre owned car. Bank/NBFC will
finance basis market valuation and year of manufacture of the car.
Refinance of used car
This loan is availed by pledging your existing car which is free from any loan /
hypothecation.
Top Up of Existing Car Loan
Under this option loan is available basis your existing loan repayment track with your car
as a collateral. Options of a parallel loan or toping up your existing loan is available.
Balance Transfer of existing car loan
Its a takeover of your existing car loan from Bank/ NBFC where the foreclosure amount
is lesser than new loan that is being sanctioned on the asset. By availing this product you
generate additional cash for your financial requirement.
Eligibility calculation for a Car Loan

FOR SALARIED CUSTOMERS
Be employed by the same employer for at least two years.
Be at least 21-years-old at the beginning of the car loan tenure and under 60-years-old
or retirement age, whichever is lower, at the end of the loan tenure.
Have residential stability for at least one year.
FOR SELF-EMPLOYED CUSTOMERS
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Have been in the same business for at least two years.

Be at least 21-years-old at the beginning of the loan tenure and under 67-years-old at
the end of the loan tenure.
Have residential stability for at least one year
DOCUMENTATION REQUIRED
Your KYC documents (identification, proof of address, signature, DOB proof),
One-year residence stability proof
Any one of the following:
o Form 16 for the last two years and the last months pay slip.
o Last three months pay slips with proof of employment in the same organization for
two years.
o Salary certificate with corresponding credits in your bank account.
Your KYC documents (identification, proof of address, signature, DOB proof)
IT returns from the last two years along with computation of Income
Bank Statement for three to six months.
b. NEW CAR LOAN
A car loan is a finance option that allows the potential buyer to pay the vehicle off
in monthly payments instead of having to pay the full price all at once. The lender
will pay off the car in full, while in return the borrower pays off the debt in
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monthly payments with an interest fee. Car loan is secured against hypothecation
of the vehicle. Auto loans are available for salaried and self-employed individuals,
proprietorships, HUF, Partnership firms, Limited Liability Partnership Firms,
Trusts, Societies and Companies.
Eligibility calculation for a Car Loan

Be employed by the same employer for at least two years.
Be at least 21-years-old at the beginning of the car loan tenure and under 60-years-old
or
retirement age, whichever is lower, at the end of the loan tenure.
Have residential stability for at least one year.
Have been in the same business for at least two years.
Be at least 21-years-old at the beginning of the loan tenure and under 67-years-old at
the end
of the loan tenure.
Have residential stability for at least one yearDOCUMENTATION REQUIRED
Your KYC documents (identification, proof of address, signature, DOB proof),
Any one of the following:
o Form 16 for the last two years and the last months pay slip.
24
o Last three months pay slips with proof of employment in the same organization for
two years.
o Salary certificate with corresponding credits in your bank account.

Your KYC documents (identification, proof of address, signature, DOB proof)
IT returns from the last two years along with computation of Income
Bank Statement for three to six months.
Features:
Loan up to 90% of the market valuation of the car
Loan tenure up to 10 years of vintage of the car.
Rate of interest in the range of 14% to 16%.
Fast processing and simple documentation.

You can prepay the loan any time after 6 months of taking the loan with a
prepayment fee on the outstanding loan amount.
Tenure options depend upon the year of manufacture of the car. At the time of
loan completion the car should not be older than 10 years.
No Security is needed.
Your vehicle itself is used as collateral and will be hypothecated for the loan
period.
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You cannot enter a transaction with any seller without a 'No Objection
Certificate' (NOC) . The NOC can only be obtained after foreclosure or after you
have paid off your loan.
3. LOAN AGAINST PROPERTY

LAP are a easy means to access funds at interest rates which are lower than unsecured
loans .To avail LAP, you offer an existing property as a security or collateral against
which the lender( Bank/ NBFC/ Housing Finance Co) gives you a loan. The current
market value of the property determines what loan you can avail against the property.
LAP allow property owners to leverage the value of their existing properties to raise
funds.
Loans against property may be availed on:
Residential properties
Commercial Properties
Industrial properties
Plots
Pricing for LAP is higher than Home loans but cheaper than personal or other
unsecured loans.
26
Most institutions lend upto 80% of the value of the property, provided the borrower can
demonstrate the ability to pay the installment for such a loan.
Eligibility calculation for Loan Against Property
1.The current market value of your property and its current status.
2. Your current Income
3. The nature and continuity of your employment
4. Your current obligations i.e. the other Installments ( EMIs) you are currently paying,
the number of credit cards and credit limits you have or use
5. Your past credit history
6. The purpose of availing such loans is also discussed with the lender and may have a
bearing on the loan sanction.
To be eligible for loans against property, applicants must be
Indian Residents
Salaried, Self-Employed or Government Employed individuals
At least 25 years of age but not more than 65 years
Earning at least Rs. 3,00,000 5,00,000 of net income
Property Criteria
Self-occupied commercial property
Rented commercial property
Vacant commercial property
Self-occupied residential property
Rented residential property
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Vacant residential property

FEATURES
Loan against Property is often taken in the form of a term loan (repaid through EMIs) or
through an overdraft line of credit.
Lower interest rates
Higher Loan Amounts
Longer tenor of loan, making the repayment process easier for businesses
Loan against Property is often taken in the form of a term loan (repaid through EMIs) or
through an overdraft line of credit.
The interest rates for loan against property commonly range from 12%-15%.
A loan against property usually has a maximum tenor of 15 years.
4. BANK OVERDRAFT
A Bank Overdraft is a Loan arrangement under which a bank extends credit up to a
certain amount (called overdraft limit) against which a current account customer can
write checks or make withdrawals. This is most common form of business borrowing,
an overdraft is a type of revolving loan where deposits (credits) are available for reborrowing, and interest is charged only on the daily overdraft (debit) balance. It is,
however, also a demand loanand is secured by an asset or property. Security over an
immovable property may be created in favour of the bank by deposit of title deeds with
the bank (E.M- Equitable Mortgage) or by execution of registered deed of mortgage.
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An overdraft is approved only for a fixed period (usually one year) after which it is
must be renegotiated.
Procedure Before granting Loans:
Before granting the loan the bank officials/Manager will inspect the security for the
loans and they will ascertain the Value of the property.
The branch also obtain legal opinion from the Bank's Legal advisor, for scrutiny of the
loan the legal advisor needs the Encumbrance certificate for the last 13 Years and latest
tax receipt is also must. The valuation of the property done by bank's approved
Engineer.
Documents needed for the Overdraft:
Application
Demand promissory note
List of title deeds (Memorandum of deposit of title deeds )
Letter of intimation
Acknowledgement of having deposited title deeds
Stamped letter of continuity.
Stamped partnership letter / Memorandum/articles of association (if applicable)
Registration of charges in case of limited Companies.
5. PERSONAL LOAN
Personal loan is an unsecured loans given to individuals on the basis of their profile/
income/ employment and years of work experience . Personal loan do not require the
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borrower to give any kind of security or collateral. Personal loans are costlier given
that the bank has no security, however it is the product- of-choice when funds are
required urgently or the borrower has no other security to offer the bank.
Eligibility calculation for a Personal Loan
Eligibility is determined basis:
Your current income
Years of work experience
Nature of your job and the company you work for
Your current obligations i.e. the other Installments (EMIs) you are currently paying, the
number of credit cards and credit limits you have or use
Your past credit history is likely the most important determinant in being able to get a
personal loan.
6. HOME LOAN
Home Loan is a loan where the consumer borrows money from a lender(Bank/
NBFC/Housing Finance Co) to purchase a residential property and offers the same
property to the lender as a security.
Home Loans may be used to do any of the following:
1. Purchase a property within a residential development which is currently underconstruction
2. Purchase a ready property, typically from a builder or its current owner
3. Purchase a plot --in a private development OR from a current owner Or from a
government development authority
4. Finance the construction of your house on a plot you already own
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5. Purchase a Plot as well as finance the construction of your home on it.

Most institutions lend upto 80% of the value of the property as a Home loan, provided
the borrower can demonstrate the ability to pay the installment for such a loan.
Eligibility calculation for a Home Loan
Your current Income
The nature and continuity of your employment
Your current obligations i.e. the other Installments ( EMIs) you are currently paying,
the number of credit cards and credit limits you have or use,
Your past credit history
The lending bank or institution will also consider which property you are buying. In
the event it is a property under construction by a developer, the credibility of the
developer and past performance on their projects will also determine how much the
lender is willing to lend against such a property.
Co-applicant to a loan allows income clubbing to get a higher eligibility on your
home loan.
7. INSURANCE
A. Motor Vehicle Car & Two Wheeler Insurance

Motor insurance covers your asset against losses that you may arise in case your vejicle
gets damaged or stolen. The premium amount of your motor insurance is decided on the
basis of Insured Declared Value or IDV of the vehicle. If you increase the IDV, the
premium rises and if you lower it, the premium reduces.
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Benefits of Motor Insurance

Car insurance plan offers following benefits:
Coverage against loss or damage to the insured vehicle.
Coverage against loss or damage to your vehicle caused by accident, theft, fire,
explosion, self ignition, lightning, riots, strikes or act of terrorism, natural calamities.
Coverage against financial liability caused by injury/death of a third party or damage to
the property.
Personal accident cover.
Coverage under Car Insurance
There are primarily 3 types of car insurance Third Party Liability Coverage
Third Party motor insurance provides cover against any legal liability to a third party
caused when you are at-fault driver. It covers damage/injury caused by you to another
person/property.
A Third Party Liability cover is legally mandatory in India under the Motor Vehicles
Act.
Collision Coverage
Collision coverage protects the insured financially against damage of their own
vehicle. It pays the insured for damage caused by collision which is usually an accident.
Damage or loss due to theft or vandalism is not included in collision coverage.
Comprehensive Coverage
32
A comprehensive coverage is extensive and includes damage of vehicle, theft of vehicle,

third party legal liability and personal accident cover. The policy coverage can be further
extended by opting for add-ons like accessories cover, engine protector, zero depreciation
cover, medical expenses, etc. This type of coverage is the most popular as it offers endto-end coverage and thus less stress for the policyholder.
No Claim Bonus
For every claim free year, the insured is rewarded with discount on the renewal
premium. This discount is called - No Claim Bonus (NCB). It is cumulative and increases
every year. It usually ranges from 10% to 50% and can save a substantial amount of
money on your premium.
What is not covered in Car Insurance?
Following features are usually not covered in motor insurance:
Loss or damage if a policy is not in force.
Gradual wear and tear of car and its parts.
Loss or damage to vehicle when driven by person without a valid driving license.
Loss or damage to vehicle as a result of intoxication due to drugs, alcohol etc.
Loss or damage to engine as a result of oil leakage.
Loss or damage to vehicle as a result of abuse of manufacturer's guidelines.
Eligibility/Documentation Required for motor Insurance
Getting a vehicle insured requires minimal documentation. For a new policy, you must
submit the filled up proposal form and copy of the Registration Certificate (RC). For
renewals, you will need copy of the RC (Registration Certificate) along with the copy of
previous insurance policy. Carefully fill in your complete details. This is an important
step and will save you a lot of hassle during claim time.
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B. Travel Insurance
A travel insurance plan will take care of any unforeseen situation during transit.
Situations like loss or theft of baggage, delay of flights leading to financial loss, loss of
passport and other important documents and medical emergency are quite common. The
best way to ensure that we can manage such an expected situation is to buy a travel
insurance plan.
Types of Travel Insurance Coverage:
Domestic travel insurance
International travel insurance
Corporate travel insurance
Student travel insurance
Senior citizen travel insurance
Family travel insurance
Individual travel insurance
Key Features of Travel Insurance
Online travel insurance is all about providing travelers an ideal cover against
emergency/unforeseen situations right at the comfort of home. There are certain key
features which one should look out for while zeroing on a plan.
Travel medical insurance covers for in/out patient hospitalization along with daily
allowance.
Personal accident cover in case of permanent disability/death.
Coverage for contingencies related to personal possession.
Coverage for loss of baggage and passport.
Coverage for expenses related to trip delays.
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Benefits of Travel Insurance

The usual qualms of frequent travelers include lost passports, stolen bags, trip delay and
cancelled flights. Such mishaps can derail perfectly laid out plans instantly. Do not let
inevitable events ruin the entire getaway. Travel insurance is your friend in need when
emergencies strike, whether in your native country or in unknown territories. n a foreign
land. Get enough compensation to return home or cover untimely expenses as and when
they occur!
Exclusions
There are some common exclusions to a travel insurance cover such as:
Flights/trains missed due to local protests/civil war.
Expenses incurred due to local protests/civil unrest.
Pre-existing conditions leading to hospitalization.
Baggage delay that is less than 24 hours.
Damage/loss of keys.
C. Health Insurance
Health insurance is of utmost importance in India as it ranks very low on human life
index. Every person should buy a good health plan that covers medical costs,
hospitalization costs, treatment and laboratory test costs and even critical illness.
Types of Health Policies
Individual Health Plan
Family Floater Mediclaim
Surgery & Critical Illness Policy
Pre-Existing Disease Cover
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Senior Citizen Health Plan

Preventive Healthcare
D. Life Insurance
Life insurance policy provides you with the assurance that your family will get financial
security and support even when you are not around. The goal of the life insurance policy
is to offer a measure of financial security to the family after your death.
Life insurance is an agreement between you (the insured) and the life insurance company
(the insurer). Under the terms of the policy, the insurer promises to pay a certain sum to
the person (your beneficiary) upon your death, in exchange of premium payments.
Types of Life Insurance
Below are the basic types of life insurance policies. All other insurance policies are built
around these insurance policies.
Term Insurance:
Whole Life insurance:
Endowment Policy:
Money Back Insurance Policy:
Unit Linked Insurance Plans:
Retirement Plans:
Savings and Investment Plans:
Child Insurance Policy:
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Auto Loan Industry in India

The auto industry (passenger cars and multi-utility vehicles) has been a leading indicator
of the growth of Indian economy. It has been growing at a rate of 16% for the past five
years, roughly twice the rate of our GDP (gross domestic product) growth. We expect the
industry to double in five years on the back of growing aspirations of the current set of
manufacturers as well as the continued inflow of global players.
Indias auto finance industry is estimated at Rs 60,200 crore for FY2011. Over a five-year
period, the auto finance industry has grown at the rate of 13%. The accompanying table
gives the five-year trend for auto sales and for the financing industry. The auto finance
industry has consolidated over the past few years as some firms exited the industry and
the largest company slowed down post the financial crisis of 2008. Excepting FY2009,
finance penetration (cars sold against loans) has remained steady at healthy 70% levels
(for perspective, the comparative number for China would be 12-15%).
Auto finance drivers
Buoyant economy leading to higher disposable income.
New models and launches in untapped segments. Reduced ownership period to 36-40
months.
Extended product life cycles and competition amongst manufacturers have kept a check
on car prices. In some instances, prices are unchanged from a decade ago.
Geographical expansion and better distribution by both manufacturers and financiers
has opened up new markets.
37
Credit bureaus have been of tremendous help in taking informed credit decisions and
lowering credit losses. For a thin margin business like auto finance, this has been a great
help.
With better availability of credit data, financiers have been offering higher-loan-tovalue, and balloon installment schemes enable customers to keep monthly EMIs at
affordable levels.
The changing customer mindset towards leveraging has meant that more customers are
willing to take loans early in their working lives. This segment typically looks at their
cash flows and the EMIs while deciding what car to buy.
Post the financial crisis of 2008, lenders with large unsecured lending books suffered
large losses. Car lending, being secured, saw relatively lesser losses, thus lenders this
time around are focusing on funding such assets.
For the past 10 months, interest rates have risen by 200-225 basis points. One basis point
is one-hundredth of a percentage point. Finance penetration has reduced to 65-67% and
the auto industry is stagnating. Though the increase in interest rates has been mostly
offset by higher discounts offered by the manufacturers, sales have been adversely
impacted by poor sentiment due to high inflation (constraining disposable incomes),
higher fuel prices, weak property prices and poor capital markets. Interestingly, diesel
vehicles, though being more expensive, have been doing well, which suggest that
customers are willing to pay higher upfront prices if they see lower running costs.
The past 12 months have also seen the entry of captives in the Indian market. BMW
Financial Services, Volkswagen Financial Services, Daimler Financial Services and
Toyota Financial Services have commenced operations in the country. The advent of
captives signifies the importance that manufactures are according to the Indian market.
38
Usually, with the arrival of captives, the financing industry also expands as they launch
new financing products. Residual value guaranteed products enable a customer to pay a
fixed monthly rental for the lease period and then either buy the car at a pre-determined
residual value or trade it in for a new car.
In India, as overall auto sales doubles in next five years, Indias auto finance industry is
set to ride a growth trajectory that is unparalleled in the domestic or international market.
The young and middle aged people who belong to the working class are the major loan
demanding class in India. The pre-owned car finance market has emerged as one of the
fastest growing market in the previous few years. This industry has been majorly driven
by factors such as reduction in average ownership period of cars, higher penetration of
banks, higher urban population and higher sales of the used cars in the country. In the
year FY2015, more than a million used cars were financed in India with larger seasonal
demand during third quarter of the fiscal year due to the presence of numerous festivals
and holidays during October to December. Due to the easy and quick loan policies and
higher penetration of banks and NBFCs in the country, there has been an incitement in
number of cars financed through the last five years.
The rising working population and development of auto sector has induced more number
of people to make car purchases and thereby opt for car loans to ease personal financial
burden. The new car finance industry has grown considerably with a CAGR of 7.1% in
terms of number of cars financed through the period of FY2010 to FY2015. Demand
for finance of new cars has majorly arisen from the areas of Mumbai, Delhi, Bangalore,
Rajasthan and Punjab. Since a shorter term loan, such as a 3 year loan, provides a lower
rate of interest, majority of people prefer a shorter term of loan.
39
The market for new car finance in India is fragmented with a number of Banks (such as
Kotak Mahindra Bank, ICICI Bank, State Bank of India and many more) and NBFCs
(such as Magma Finance, Sundaram Finance and many more) operating in the market.
However, the market for new car finance is largely dominated by Banks as compared to
NBFCs in the Industry. The competition in this market is soaring, since the major players
in banking segment have almost the same position in the market. The India car finance
market loan disbursements have grown at a CAGR of 13.2% from FY2010-FY2015.
In the medium run, FY2018, the car finance market is expected to touch the INR 996.7
billion mark for the new car loan disbursements and for the longer run, it is expected to
reach INR 1.3 trillion for the loan disbursements for new cars in the year FY2020,
according to the Research Analyst, Ken Research.
40
Declining interest rates lead to more auto loan

Increased borrowing
The growing demand for new vehicle loans was spurred on by a decline in interest rates.
Bank rates fell from 5.17% to 3.76% between 2010 and 2014.
As of 2Q14, the total outstanding auto loan amount in the US hit an all-time high of $905
billion. It grew at a compound annual growth rate, or CAGR, of 6.2%from $711 billion
in 2010.
Auto loan repayment improved significantly. This clearly indicates a turnaround in
consumer sentiment. Loans that were delinquent for more than 90 days decreased from
41
5.3% in 2010 to 3.3% in June 2014. Also, the annual net charge-off ratethe percentage
of loans that banks and finance companies dont expect to recoverdropped from 2.7%
in 2010 to 2% in 2014.
Auto loan market share
During 2Q14, banks and manufacturers captive finance units dominated the auto loan
industry with a combined share of 62.1%. Captive finance units are owned by the auto
manufacturers. They usually provide vehicle financing at lower rates compared to banks.
Credit unions had a 16.7% share of the market. Typically, a credit unions interest rates
are about 1.3% lower than a commercial banks interest rates. This makes captive finance
42
units and credit unions offerings extremely competitive.
Finance companies market share is being eaten up by captive units. There was 4.6%
growth year-over-year, or YoY, for new cars and 15.1% growth for old cars. This is good
43
news for auto manufacturerslike General Motors (GM), Ford (F), Toyota (TM), and
Honda (HMC)since their captive finance units contribute about 10% of their revenue.
Investors can gain exposure to the auto industry by investing in the Consumer
Discretionary Select SPDR ETF (XLY). The automobile and auto components industry
gets 8.56% of the funds.
The percentage of vehicles with financing increased from 80.2% in 2Q10 to 85% in
2Q14. The increase fueled captive finance companies growth. The average MSRP
(manufacturers suggested retail price) in the US is $33,907.
For new cars, the 4.8% increase in finance requirements resulted in $43.4 billion growth
in the auto loan market in 2Q14compared to 2Q10. Captive finance companies held a
new car market share of around 50% in 2Q14. They gained business totaling $21.7 billion
in a single quarter simply by increasing the percentage of vehicles being financed.
In the next part of this series, well discuss the automotive industrys crucial role in
economic growth.
44
RESEARCH AND ANALYSIS ON THE TOPIC
45
CAR LOAN SCHEME

A person wants certain luxuries for enjoying his life and a car is one of them, a car gives
him convenience to travel one place to another. Now a days it become a status symbol in
society. So it becomes a need of every human being but some people does not have the
capacity to pay a huge amount at a time but they can pay the price in installment so for
these people many banks offer car loans schemes. In which they can buy car and pay its
price in installment. Almost everyone make easier to purchase a car.
Now days car is become one of the basic need of man but buying a own car
become a dream for man because of its prices.
So in fulfillment of this dream man, needs help. In this condition Bank of India
take a Initiative to provide easy car loan to those people who are willing to buy
own car.
People are appreciating car loan scheme of Bank of India and this can be proof by
figures which show that the total amount of car loan scheme is increase in 20072010 amazingly.
TYPE OF CAR FINANCED

Bank of India provide all type of car loans which comes under the purview of Bank
guidelines, term & conditions and the credit limit which is 24 times of the monthly
net salary or Rs 25lakh, whichever is lower, in
case of individuals.
For corporate Rs 100lakh after presenting required documents. Corporate include
self employed, Partnership firm, Private Ltd, Public Ltd etc.
For Non-Resident-Indian Rs 25lakh.
46
For Imported Vehicle Rs75lakh.
THE TOTAL GROWTH IN AUTO LOAN SEGMENT FOR LAST THREE YEARS:-
YEAR
2013
2014
2015
Car Loan
37.88%
22.6%
38.8%
Growth%
GROWTH %
2013
38%
39%
2014
2015
23%
COMPARITIVE ANALYSIS AMONG DIFFERENT BANKS FOR CAR LOANS

Private Banks
Rate of
Max Loan
Loan
Processing
Prepayment
Interest
Amount
Tenure
Fees
CHARGES
ICICI Bank
13%
90%
1-5yrs
Rs2500-5000
1.5%
HDFC Bank
11.30%
90%
1-7yrs
Rs2150-
N.A
47
Rs3650
ABN AMRO
15%
Rs20lakh
N.A
Rs1000
5%
8%-
Rs15lakh
1-7yrs
0.50%
2%
Rs25lakh
1-6yrs
1.10% or
NIL
Bank
PSBs
SBI
11.25%
Bank of India
8.75%10.00%
DENA Bank
10.75%-
Rs1000
Rs 8lakh
1-5yrs
Rs1000
NIL
85% Or
1-5yrs
1%or Rs1000
0.5%
Rs 15Lakh
1-5yrs
0.30%
NIL
Rs10Lakh
1-7yrs
0.50
NIL
11.00%
UCO Bank
11.50%
Rs7.50Lakh
Indian Bank
11.00%11.25%
O.B.C
10.2510.75%
Car Finance
EMI Calculator
Own a vehicle with the friendliest and most convenient car loan. Either you can
purchase a new Car/ Van/ Jeep or raise loan to purchase old vehicles that are not older
than 3 years. Finance will also be provided for purchase of vehicle of indigenous/ foreign
makes.
Eligibility
48
Individual as well as Business Concerns (Corporate or non-corporate)

Amount of Loan
For Individual: 24 times of the monthly net salary or Rs25lakh, whichever is lower
income of spouse can be taken into account for determining loan amount. In such cases,
the spouse shall stand as a guarantor.
For Business Concerns: Loan amount to Rs100Lakh. Processing is nominal.
For Imported Vehicles: Loan amount to Rs75lakh.
Margin
Up to Rs 2.00lakh 5%
Rs2lakh to Rs10lakh 10%
Above Rs10lakh to Rs25lakh 15%
Above Rs25lakh 25%
Security
The vehicle purchased with the amount of loan is to be hypothecated to the Bank. It will
be registered in the name of the borrower jointly with the Bank. Guarantee of spouse, if
employed or third party guarantee is acceptable to the bank.
Rate of Interest
Rate of Interest (For loans granted on & after 1.04.2009) BPLR at 12.00%
TENURE
Rate of Interest @ percent p.a.
For Loans Repayable in/upto

49
Less than 3years
BPLR minus 1.00% i.e.11.00%
Above 3 years
BPLR minus 1.50% i.e.11.50%
Repayment
For new Car/Van/Jeep: The loan amount together with interest is to be repaid in 72
Equated Monthly Installments (EMIs)
For old Car/Van/Jeep: The loan amount together with interest is to be repaid maximum in
36 Equated Monthly Installments (EMIs)
For Imported Vehicles: The loan amount together with interest is to be repaid maximum
in 84 Equated Monthly Installments (EMIs)
Disbursement
The intending borrower will be required to settle the transaction for purchase of vehicle
needed by him/her with the seller and will be required to deposit the difference of the cost
of the vehicle to amount of loan will be required to deposit the difference of the cost of
the vehicle to amount of loan, and thereafter, the advance will be allowed to him/her from
the bank by paying the entire price of the vehicle to the seller directly on behalf of the
borrower.
Profit
Interest earned on the loan is its profit.
Auto Loans
The bank offers auto loans at fixed interest rate as well as floating rates also for financing
automobile and used car purchases.
50
Understanding Vehicle Financing

Financing Options
You have two financing options:

Direct lending
Dealership financing.
Direct Lending
In direct lending, you get a loan directly from a bank, finance company, or credit union.
You agree to pay, over a period of time, the amount financed, plus a finance charge. Once
you enter into a contract with a dealership to buy a vehicle, you use the loan from the
direct lender to pay for the vehicle.
Direct lending may offer you:
Comparisons. You have the chance to shop around and ask several lenders directly
about their credit terms before you agree to buy a specific vehicle.
Credit terms in advance. By getting financing before you buy the vehicle, you will
know your rate and other terms when you are shopping.
51
Dealership Financing
In dealership financing another common type of vehicle financing you get
financing through the dealership. You and a dealer enter into a contract where you buy a
vehicle and agree to pay, over a period of time, the amount financed plus a finance
charge. The dealer may retain the contract, but typically sells it to a bank, finance
company or credit union called an assignee that services the account and collects
your payments.
Dealership financing may offer you:
Convenience. Dealers offer vehicles and financing in one location and may have
extended hours, like evenings and weekends.
Multiple financing options. The dealers relationships with a variety of banks and
finance companies may mean it can offer you a range of financing choices.
Special programs. Dealers sometimes offer manufacturer-sponsored, low-rate or

incentive programs to buyers. The programs may be limited to certain vehicles or
may have special requirements, like a larger down payment or shorter contract length
(36 or 48 months). These programs might require a strong credit rating; check to see
if you qualify.
Remember: Shop around before you make a decision about buying or leasing. Consider
offers from different dealers and several sources of financing, including banks, credit
unions, and finance companies. Comparison shopping is the best way to find both the
vehicle and the finance or lease terms that best suit your needs.
52
53
TIE-UP with the Banks and other NBFCs
BANKS
AXIS BANK
ICICI BANK
HDFC BANK
KOTAK MAHINDRA
YES BANK
PUNJAB NATIONAL BANK
54
INDUSIND BANK
CITI BANK
DEUTSCHE BANK
NBFCs
CAPITAL FIRST
BAJAJ FINSERV
TATA CAPITAL
PNB HOUSING FINANCE LIMITED
FULLERTON INDIA
INDIA BULLS REAL ESTATE
MAGMA
LIC HOUSING FINANCE LIMITED
STANDARD CHARTERED
RELIGARE
PARTNERSHIP OFFERING DETAILS
Company Offering the Payout to other DSA companies
USED CAR LOANS
S.No
BANK &
.
1.
2.
3.
4.
5.
6.
NBFCs
AXIS Bank
ICICI Bank
Tata Capital
Capital First
Kotak Mahindra
HDFC Bank
Gross Payout Scheme A

3.00%
2.50%
3.00%
3.00%
3.00%
2.50%
Gross Payout Scheme B

1.50%
1.50%
1.50%
1.50%
1.50%
1.50%
55
7.
Reliance
2.00%
1.25%
NEW CAR LOANS
S.No.
BANK &
1.
2.
3.
4.
NBFCs
AXIS Bank
1.25%
0.75%
ICICI Bank
1.75%
1.00%
YES Bank
1.25%
0.75%
HDFC Bank
1.25%
0.75%
NEW COMMERCIAL VEHICLE LOANS
S.No.
BANK &
1.
NBFCs
AXIS Bank

0.50%

0.40%
SWOT ANALYSIS OF THE COMPANY
Strength
Domestic Market
Monetary assistance provided
Weakness
cost structure
investments in research and development
56
future profitability
future debt rating
high loan rates are possible
Opportunity
income level is at a constant increase
growing demand
new products and services
venture capital
Threats
price change
increasing rates of interest
increasing costs
COMPETITORS
57
1. SHRIRAM FINCORP (P) LTD.

DSA:- Personal Loans , Gold Loan , Home Loan & Business Loan
2. Investor Hub
DSA :- Personal Loan , Home Loan , Insurance & LAP
3. Goel Enterprise
DSA :- Personal Loan , Home Loan & LAP
4. ADA Financial Solutions

DSA:- Gold Loan , Home Loan & Business Loan
5. Unnati Financial Solutions.
All types of Loans
6. Dream Diversity Pvt Ltd
DSA:- Business Loan , Personal Loan & Home Loan
7. A.S financial Solution
DSA:- Personal Loan , Home Loan, Business Loan
8. Auto Web
DSA :- Car Loans
9. AUTO FINS
DSA:- Car Loans
10. Mr. CAR
DSA:- Car Loans
58
Porters Five Forces Model

1. Threat of New Entrants
In present scenario the threat of new entrants is low due to stringent norms, RBI
Regulations. High initials barriers and entry barriers.
Factors affecting the threat of new entrants:

Government licensing and RBI regulations
Skilled manpower
High initial manpower
Protected intellectual property
The entry of foreign banks
2. Power of Suppliers
Funds are raised from FDs, bonds, refinance from NHB and others so there is low
power of bargaining
Factors affecting bargaining power

Rise in investment
Providers of funds
Role of RBI
Interest rates
3. Power of Buyers
Customer can ask for better services and reduction in additional charges.
Factors affecting bargaining power of customers:
Long term finance
Margins and volumes
Multiple options
59
4. Competitive Rivalry
The banking industry is considered highly competitive
Factors affecting the competitive rivalry:

Too many players of same size
Same strategies
Less product differentiation, price competition
Low market growth rate
5. Availability of Substitutes
Largest threat of substitution are not from banks, but from non-financial
competitors,
Investors, NBFCs and small co-operative banks.
Factors affecting threat of substitutes

Close customer relationships
Conservative customers
Risk taking customers attitude
Switching cost
Conclusion
Threat of New Entrants
Power of Suppliers
Power of Buyers
Competitive Rivalry
Availability of Substitutes
Low
Low
High
High
High
As per the Porters 5 Forces Model most of the forces scored high, hence it is
unfavorable.
60
PESTS Analysis
Political Factors
FDI investment limit
Budget and budget measures
Focus on regulation
Economic Factors
High inflation
Low growth of Real Estate sector
Economic situation
Social Factors
Lifestyle changes
Family break-ups and nuclearization
Growing population
Regional shifts
Increase in working force
Technology Factors
Hardware and software development
Technological infrastructure
61
FINANCIAL TERMS LEARNED DURING THE INTERNSHIP TENURE
CIBIL SCORE: - A Credit Score or the CIBIL TransUnion Score is a three-digit

numeric summary of your credit history. The score is derived using the credit
history found in the CIR. A CIR is an individual's credit payment history across
loan types and credit institutions over a period of time.
TOP-UP Loan: - Under this option loan is available on the basis of your existing
loan repayment track with your car as a collateral. Option of a parallel loan or
toping up your existing loan is available.
62
BALANCE TRANSFER: - Its a takeover of your existing car loan from

Bank/NBFCs where the foreclosure amount is lesser than new loan that is being
sanctioned on the assets. By availing this product you generate additional cash for
your financial requirements.
DSA :- Direct Selling Agents
APR :- An annual percentage rate (APR) is the annual rate that is charged for
borrowing (or made by investing), expressed as a single percentage number that
represents the actual yearly cost of funds over the term of a loan. This includes any
fees or additional costs associated with the transaction.
BPLR: - the Benchmark Prime Lending Rate (BPLR) is the reference interest rate
based on which a bank lends to its credit worthy borrowers. Normally, loans are
given out a little more or a little less that this reference interest rate.
JOB PROFILE
Calling and following up the generated leads and confirming the amount of loan
they need.
Meeting the generated leads (customers) explaining them about our products and
collecting the documents for loans.
63
Creating the lists of DSA companies who does provide all other loans apart from
Auto loans
Calling up other DSA companies and creating the lead for further expansion of the
business.
Going and meeting with other DSA companies who does not provides auto loan,
convincing them if any customer comes to them for auto loan passing that
customer FI sheet to us in return we will be giving them certain amount of
commission as a profit.
Making the records of the customers who are being failing from depositing their
EMIs.
Calling them and explaining them the concept of TOP-UP loans for their existing
loans on car.
Searching the list of DSA companies not involved in Auto Loan in west Delhi.
Making the note of the company profile, which type of loan the company deals in
and which Banks and NBFCs they have a tie-up.
Visiting and Meeting different DSA companies in the western part of Delhi.
Explaining them about the partners payout details.
Convincing them that we provide better facilities and better payout ratio to our
partners.
LEARNINGS
Learned about the culture and the working of the company.

Knowledge of the financial products and services being offered by the company.
Getting familiar financial terms being used in the company like DSA, DST,
TOPUP and BT.
How to communicate with the customers directly or telephonically.
64
How to co-ordinate with my supervisor over the generated leads and the
documents being provided by our customers.

Learned how to meet and communicate with the Banks and NBFCs Officials.
Knowledge of the financial products and services being offered by the company.
Knowledge of all the documents that should be provided by the customers.
Learned the procedure of how the loan is being sanctioned.
How to communicate with the dealers of the company.
The numbers of competitors are huge in this field.
Field work is necessary if we want to have the knowledge of the
competitors in the market.
How to interact with the companies and how to mediate between
my supervisor and other DSA company with whom I interacted
with and got the positive response.
How to deal and build up a good relationship with our
competitors.
BIBLIOGRAPHY
65
1. www. loansmandi.com
2. www.investopedia.com
3. www.justdial.com
4. www.zaubacorp.com
5. business.indiafilings.com
66

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JK BUSINESS SCHOOL, GURGAON-SOHNA EXPRESSWAY, DAMDAMA

LAKE ROAD, BHONDSI, GURGAON-122102

Prakhar Agarwal/JKBS/AICTE/PGDM 2015-17/27 , JK Business School, Gurgaon

Prakhar Agarwal/JKBS/AICTE/PGDM 2015-17/27 , JK Business School, Gurgaon

---------------------------Mr. O.P Mishra

Prakhar Agarwal/JKBS/AICTE/PGDM 2015-17/27 , JK Business School, Gurgaon

Summer Project Certificate

This is to certify that Mr. PRAKHAR AGARWAL, Roll No. JKBS/PGDM/2015-17/27

Prakhar Agarwal/JKBS/AICTE/PGDM 2015-17/27 , JK Business School, Gurgaon

Prakhar Agarwal/JKBS/AICTE/PGDM 2015-17/27 , JK Business School, Gurgaon

Auto Loan Industry in India

Research On The CAR LOAN

Tie-Up with the Banks And NBFCs

Porters Five Forces Model

FINANCIAL TERMS LEARNED DURING THE

Prakhar Agarwal/JKBS/AICTE/PGDM 2015-17/27 , JK Business School, Gurgaon

Prakhar Agarwal/JKBS/AICTE/PGDM 2015-17/27 , JK Business School, Gurgaon

About the organization

GENCORP ADVISORY INDIA

Company limited by Shares

Prakhar Agarwal/JKBS/AICTE/PGDM 2015-17/27 , JK Business School, Gurgaon

Prakhar Agarwal/JKBS/AICTE/PGDM 2015-17/27 , JK Business School, Gurgaon

o Delivering exceptional services by combining innovation, product

Prakhar Agarwal/JKBS/AICTE/PGDM 2015-17/27 , JK Business School, Gurgaon

Prakhar Agarwal/JKBS/AICTE/PGDM 2015-17/27 , JK Business School, Gurgaon

Prakhar Agarwal/JKBS/AICTE/PGDM 2015-17/27 , JK Business School, Gurgaon

Prakhar Agarwal/JKBS/AICTE/PGDM 2015-17/27 , JK Business School, Gurgaon

Prakhar Agarwal/JKBS/AICTE/PGDM 2015-17/27 , JK Business School, Gurgaon

Prakhar Agarwal/JKBS/AICTE/PGDM 2015-17/27 , JK Business School, Gurgaon

Prakhar Agarwal/JKBS/AICTE/PGDM 2015-17/27 , JK Business School, Gurgaon

PRODUCTS OFFERED BY THE COMPANY

infrastructure / business development, business expansion or to fund any small to

Eligibility calculation for a Business Loan

Prakhar Agarwal/JKBS/AICTE/PGDM 2015-17/27 , JK Business School, Gurgaon

Feature of a Business Loan

Prakhar Agarwal/JKBS/AICTE/PGDM 2015-17/27 , JK Business School, Gurgaon

Sale purchase of used car

Eligibility calculation for a Car Loan

FOR SELF-EMPLOYED CUSTOMERS

Prakhar Agarwal/JKBS/AICTE/PGDM 2015-17/27 , JK Business School, Gurgaon

Have been in the same business for at least two years.

Eligibility calculation for a Car Loan

FOR SALARIED CUSTOMERS

FOR SELF-EMPLOYED CUSTOMERS

Loan tenure up to 10 years of vintage of the car.

Rate of interest in the range of 14% to 16%.

Fast processing and simple documentation.

3. LOAN AGAINST PROPERTY

Prakhar Agarwal/JKBS/AICTE/PGDM 2015-17/27 , JK Business School, Gurgaon

Vacant residential property

Prakhar Agarwal/JKBS/AICTE/PGDM 2015-17/27 , JK Business School, Gurgaon

5. Purchase a Plot as well as finance the construction of your home on it.

A. Motor Vehicle Car & Two Wheeler Insurance

Benefits of Motor Insurance

A comprehensive coverage is extensive and includes damage of vehicle, theft of vehicle,

Benefits of Travel Insurance

Prakhar Agarwal/JKBS/AICTE/PGDM 2015-17/27 , JK Business School, Gurgaon

Senior Citizen Health Plan

Prakhar Agarwal/JKBS/AICTE/PGDM 2015-17/27 , JK Business School, Gurgaon

Auto Loan Industry in India

Prakhar Agarwal/JKBS/AICTE/PGDM 2015-17/27 , JK Business School, Gurgaon

Prakhar Agarwal/JKBS/AICTE/PGDM 2015-17/27 , JK Business School, Gurgaon

Declining interest rates lead to more auto loan