asset products

7/31/2019 Asset Products

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Asset Products


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Mortgages


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What is a Mortgage Loan?

Classification of Mortgage Loans

Basic eligibility criteria for our customer

Basic eligibility criteria for the security being

offeredBasic Eligibility Calculation (Salaried)

Documentation

Loan Approval & Disbursement Process

Product FeaturesOur USP

FAQs

Learning Agenda


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Secured Loan

Offered for either buying a property or forfunding personal requirements by raising fundsagainst self owned and self occupied property.

Property is the security for the loan.

Mortgage Loan


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For buying a property

Home Loan to buy a residential property

Land Loan to buy a residential land

Non Residential Property (NRP) Loan to buy a

commercial propertyRaising funds against property

Loan against property (LAP) Residential,against residential property

Loan against property (LAP) Commercial,against commercial property

Classification of Mortgage Loan


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Resident Indian

Salaried

Self Employed Professional

Self Employed Non Professional

Non Resident IndianSalaried

The Customer (Applicant)


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Applicant

Min 25* at application

Max 65/Retirement age, whichever is less atLoan maturity.

Co-Applicant (If income not considered foreligibility)

Age at application: min 18 and max 70

Age at loan maturity: max 80

Basic Eligibility: Age (ResidentIndian)

*Can be 21 if the applicant is working for worksite company


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Applicant

Min 21* at application

Max 60/Retirement age, whichever is less atLoan maturity.

Co-Applicant (If income not considered foreligibility)

Age at application: min 18 and max 70

Age at loan maturity: max 80

Basic Eligibility: Age (NRI)

*Should be minimum 23 for applicants from Middle East Locations


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Resident Indian

Min SSC

Min Graduation, if working with private ltd.Company, firm or trust.

Non Resident IndianMin Graduation or Diploma, which is considered

equivalent to graduation

Min PG or Professional qualification, if NRI

applicant seeking loan for tenure more than 10years.

Basic Eligibility: Education


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Salaried:

Min 1 year

Min 5 years, if the applicant is working withPrivate Limited Company, Firm or Trust

Self Employed: Min 3 years

Basic Eligibility: Experience


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Basic Eligibility: Income

Resident Indian Salaried

For LAP: INR 20000 per month per applicant

Products other than LAP

Cat A & B Locations INR 18000 per month

per applicantCat C locations INR 15000 per month per

applicant

Resident Indian Self Employed

Lawyers NP of INR 2* LacsOthers - INR 1.5** Lacs

* INR 3 Lacs for availing LAP

**INR 2 Lacs for availing LAP in Metros


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Basic Eligibility: Income

Non Resident Indian Salaried

Loan Tenure 1 5 Years 6 10 Years 11 15 Years

Location

Middle East 36000 DHMS 48000 DHMS 96000 DHMS

Other 30000 USD 42000 USD 42000 USD


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Employees of Pvt. Ltd. CompanySpecial Norms for Employees of Pvt. Ltd.

Company*Minimum Qualification Graduate

Minimum Experience in same industry 5years

PF deduction to be reflected in salary slip /certificate

Salary through cheque / bank credit only

*Pvt. Ltd. Company for this purpose should meet

the following conditions:Min - 20 employees

Min Turnover - Rs. 1 Cr.

Profit making company for last 2 years


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Basic Eligibility: Misc

Customer should be from geographical limits

(area where we have collection facility).

Customer should not be a negative profile.

Customer should not be staying in negativearea.


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Basic Eligibility: Property

Maximum age of the property at the time of

funding: 30 years

Approved layout plans should be available priorto funding.

Size requirements -

Residential: Min 400 sq. ft.

Commercial: Min 200 sq. ft.

Land: Min 800 sq. ft. & Max 10000 sq. ft.

Property should not be located in OGL/Negativearea.

Property should be self occupied in case of LAP.


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Basic Eligibility: Property

All owners of the property should be applicants

to the loan.

Property should be free of any third partyinterest or charge.

All original property documents will be kept bythe Bank.

Customers own contribution receipts will berequired prior to funding.


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Basic Eligibility: Calculation(Salaried)FOIR (Fixed Obligations to Income Ratio)

LAP Max 40%

Other Products Max 50%

LTV (Loan to value ratio)Home Loans: Max 85%

NRP: Max 60%

LAP (Residential): Max 60%

LAP (Commercial): Max 45%


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Basic Eligibility: Calculation(Salaried)Eligibility

= (Gross Salary pm X FOIR%) - Existing Loan EMI

EMI per lac for the given rate & tenure

Gross Salary per month from the payslip to betaken.

Existing EMIs of the loan to be subtracted only ifthe remaining tenure of the loan is more than 12months.

Need to inform the customer that this is onlytentative eligibility & final eligibility will be givenafter processing of the file.


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Basic Eligibility: Calculation(Salaried)Example: Gross salary pm of Mr. Harish Gupta is

Rs. 60,000. He has an auto loan with EMI of Rs.10000, where the remaining loan tenure is 24months. EMI per lac for loan tenure 20 & ROI of9% is 899.73.

Home Loan Eligibility = (60000 X 50%) - 10000899.73

Home Loan Eligibility = Rs. 22.22 Lacs


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Documentation

Pre Sanction Documents

Application Form with photo

Bank Statements

KYC documents

Age Proof

Income Documents

Processing fee cheque

Pre Disbursement / Post Disbursement

DocumentsProperty Documents Click the Universe Link:

http://10.16.168.211/businessgroups/legal/htmls/dms_hlap.htm#hl_7
http://10.16.168.211/businessgroups/legal/htmls/dms_hlap.htmhttp://10.16.168.211/businessgroups/legal/htmls/dms_hlap.htm


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Application: submission of application with

required documents.

Sanction: decisioning on the application by thecredit team.

Disbursement: transfer of loan amount.

Servicing: providing service to postdisbursement requirements of the customer.

Stages of Loan Process


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SanctionFile is given to credit team for decision

Post decision file is logged with the OPS team

Usual TAT is 3 7 days

DisbursementDocket is given to credit team for processing

Docket is logged with OPS

Post disbursement docket is sent for storage

Loan Approval & DisbursementProcess


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Product Features

Home Loans NRP Loans LAP

Loan Amount

Minimum Rs. 8 Lacs Rs. 8 Lacs Rs. 10 Lacs

Maximum Rs. 3 Crores Rs. 1 Crore Rs. 3 Crores

Tenure

Minimum 1 year 1 year 1 year

Maximum 20 years 15 years 15 years


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Our USP

Door step service

Speedy Loan Sanction

Simplified Documentation

Attractive interest rate options: Floating Rate,Fixed Rate or Part Fixed and Part Floating Rate

Loan amount ranging up to Rs. 3 Crores

Sanction prior to selection of property

No fee on part prepayment

Free personal accident insurance coverGuidance throughout the process


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FAQs


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The Floating ROI has two components:

Base Rate (I_Base)

Margin

Thus, ROI = I_Base + Margin

The I_Base would be same for all customer at a point of time.

Margin can be different for different customer.

What are components of FloatingROI?


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Home Loans:

0.5 % + Service Tax

Loan Against Property:

1% + Service Tax

Non Residential Premises Loan:

1% + Service Tax

What is the Processing Feeapplicable?


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Full Disbursement:

Full Disbursement would mean taking the entire intendeddisbursement as per the sanction letter or as required hasbeen taken and EMI commences.

Part Disbursement: Part Disbursement would mean still part of the loan amount

sanctioned or as per the requirement is yet to be disbursed, soonly Pre EMI is payable

Pre EMI constitutes only interest component

What is Part & Full Disbursements?


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Advance Processing Facility (APF):

Advance Processing Facility (APF) stands for the processwherein the builder projects has been approved by us in thebeginning (advance) and the case is disbursed on the basis ofcredit appraisal of the customer.

Advance Disbursement Facility (ADF):

Advance Disbursement Facility (ADF) means to disburse thecase (builder properties) in full and in advance.

Generally in the case of builder properties the disbursements

take place according to the stage of construction.

ADF can be done only in APF projects.

What is APF & ADF?


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Part Prepayment:

Part prepayment is the process of paying additional sum ofmoney. Any amount paid excess of the EMI amount due for themonth gets adjusted towards the principal amount O/S. InICICI bank, no charges are levied for part prepayment at thispoint of time, subject to leaving 12 EMIs to be paid in the

normal course.

Full Prepayment:

Full prepayment would mean paying the entire principaloutstanding leading to closure of the account. In ICICI bank,

2% is charged on the outstanding principal amount.

Is Pre-Payment allowed/chargeable?


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A customer exchanging PDCs from one bank and /

or account to another is known as SWAP. SWAP charges are Rs 500

SWITCH means moving from one contracted ROIto another bringing reduction in EMI or tenure or

both. A customer can SWITCH from fixed-fixed, fixed-floating,

floating-fixed, floating-floating & money saver-home loan andvice versa.

SWITCH charges are 1.75% on outstanding principal amountplus applicable taxes.

What is Swap / Switch?


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Questions & Answers Session

Mr. Alok Singhal works with Super dcor India

Pvt. Ltd. from past 6 years. He draws a monthlysalary of INR 22000. He has applied for a HomeLoan with us.

Is he eligible for Home Loan?

What special conditions he needs to fulfill, ifany?

Clue: Please refer slide no. 9 & 11


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Mr. Shyam Saxena is a NRI and from past 3

years he is working in Dubai with a companycalled Al Razik Enterprises Ltd. He wants to buya residential flat at Jaipur. What is the minimumincome norm he must fulfill to avail this loan for

a period of 8 years?

Clue: Please refer slide no.10


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Mr. Rajubhai Patel is a business man from Surat.

He is into the business of Sarees for the past 7years. He wants to avail LAP on his commercialproperty worth 78 lacs. What is the incomecriteria he should fulfill to avail this loan & what

can be the maximum loan amount that he canavail?

Clue: Please refer slide no. 9 &21


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Auto Loans


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Agenda

New Cars

LoanAmount &

LTV

Customers

& Eligibility

IRR Bank &Customer

Risk

CoApplicant


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New Car


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Some Facts

India is emerging as the 2nd fastest auto market in the

worldNew Car is termed as a Car which is directly purchased fromAn Authorized Car Dealer with ownership serial 1

A New Car will have

Invoice Issued by an Authorized Dealer

Insurance

A car will be termed as a used car, if the invoice dateand insurance cover note date is more than 30 daysold.Minimum Loan Amount should be 1 Lac

Tenor ranges from 12 to 60 months


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Loan Amount and Loan to Value (LTV)


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Ex show room Cost

Cost of Car (Performa Invoice)

Registration Cost and Road Tax

Insurance

Extended Warranty

Teflon Coating, Accessories etc

On Road

Price of

The

Car

We will only fund a value on X show room cost.Discounts are to be deducted from X Show room cost for LTV


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Some Facts on LTV

LTV means Loan to Value

It is described in %

X show room price of the car is Rs 100 and customerwants a loan of Rs 80 then, LTV would be 80%

Every Car is defined in a category as per I Bank Policy

Every category has maximum approved LTV as perpolicy


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IRR Bank and Customer


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Some Facts on IRR

IRR means Internal Rate of Return

It is described in %

Generally it is called Rate

There are 2 types of Rate

Bank Rate

Customer Rate


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2 Types of Customer

Customer Type 1 Customer Type 2

Cost of Car is Rs 100, Finance is Rs 70, Discount is Rs 10

Will take discount upfront

Bank IRR and CustomerIRR remains same Customer IRR is lowerthan Bank IRR

Will Subvent


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Example

Loan Amount

Tenor in months

Bank Rate

Discount

EMI

Customer Rate

Loan Amount 0

Tenor 0

Bank Rate 0.00%

Subvention 0

No of Advance EMIs 0

Customer EMI #DIV/0!

Customer Rate #DIV/0!

No of Advance EMI


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Customer 1

Loan Amount 500000

Tenor 60

Bank Rate 10.50%

Subvention 0


Customer EMI 10747

Customer Rate 10.50%

Bank Rate and Customer Rate are Same as there is nosubvention


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Customer 1

Customer Rate and EMI comes down due to Rs 20,000subvention or discount

Loan Amount 500000

Tenor 60

Bank Rate 10.50%

Subvention 20000


Customer EMI 10318

Customer Rate 8.75%


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Customers and Eligibility


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Self Employed (Excluding Special Profile A)

Salaried (Except working with Proprietorship and Partnership firms)

Partnership Firms

Private and Public Ltd Companies

Cust

omers

Hindu Undivided Families (HUF)

Trust & Societies (Excluding Credit Societies)


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Special Profiles


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Minimum

Age

A

ge

N

orms

For employees working with Elite, Super Prime,Preferred companies or employees of organizationhaving salary account with ICICI Bank theminimum age is 23 years

For other employees working with othercompanies minimum age is 25 years.

For Self Employed Individuals the minimum age is28 yeas

Maximum

Age

For Salaried the maximum age at the end of theAuto Loan tenor should be 58 years

For Salaried individuals the maximum age can be60 years in case a documented proof of HR isavailable mentioning the retirement age of 60years

For Self Employed it is 65 years


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Income

INC

OME

For Salaried IndividualsCat 1 State : Rs 2 Lac gross annual incomeCat 2 State : Rs 2.5 Lac gross annual income

For Self Employed

Cat 1 State : Rs 1.75 Lacs Business IncomeCat 2 State : Rs 2.00 Lacs Business Income

Rental &Interest

Income

75% of net rental and interest income as per ITR Rental Income should be reflecting in last 2 years

ITR Rent Credit should reflect in bank statements

FI to confirm rental status of property Rent deed to be documented


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Residence

S

TABI

LITY

In Case of Rented Residence, PermanentOwnership Proof is mandatory

1 year stability in case of rented residence In case of self employed customers at least one,

residence or office should be owned.

EmploymentStability

For Salaried, Current employment should beminimum 1 year

For Salaried, Total should be minimum of 2 years For Self employed, minimum should be 2 years


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BankingNorms

No

rms

Minimum 6 months bank statement for allcustomers

AQB should be greater then 1 time the proposedEMI

In case 2 bank accounts are served, clubbing ispermissible subject to maximum of 2 accounts

Repayment should be from salary account In case of OD/CC limit account average utilization

not to exceed 85% of the total limit.

FixedObligation to

Income Ratio

For Salaried, maximum FOIR should be 50% Voluntary PF can be added in net salary Clubbing of Income and Obligation of Spouse is

allowed provided spouse is co applicant with

minimum income of 1.5 lacs


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ContactAbility Norms

No

rms

Residence and Office FI is mandatory and sameshould not be negative for adverse reasons

For employees of Elite, Super prime, Preferredcompanies, office FI can be waived subject to loan

amount less than 10 lacs and mail from officialmail id(forming customer name and companyname).

FI WaiverFor all I Bank active loan track customer

satisfying following normsRepayment from same bank accountAddress is same in track and bank accountand to match with KYC and CIBIL

On the basis of credit manager/RelationshipManger and Branch Manager visit.

Landline/CDMA/WLL/Post paid mobile ismandatory

TVR is mandatory for both Residence and Office Two reference checks are mandatory


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Co Applicants

Co Applicants are taken in case eligible norms are not met

or credit comfort.

Co Applicant can be Father, Mother, Spouse, Brother,Sister, Father In Law, Mother In Law, Daughter In Law,Son In Law with a relationship proof to be documented

If Co Applicant is taken to satisfy age or stability normsthen, repayment should be taken from applicantaccount, and co applicant should meet age or stabilitynorms.

In case the co applicant is taken for other than age orstability norms then co applicant should meet all thenorms and repayment should be taken from coapplicant account.

Lending to Merchant Navy or Armed


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Lending to Merchant Navy or Armedforces individuals

Spouse or parents to be taken as co applicant

Permanent Address and contact numbers to becapturedName of the parent regiment is required if on deputation

to other regiment

Personal Number .I.e IC number to be documented

Applicant should be commissioned officer.


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Eligible Car CategoriesCAT 1 CAT 2 CAT 3 CAT 4

Honda City Skoda Ambiente M 800 Audi

Honda Civic Alto Ikon Bentky

I 10 Fabia Lancer BMW

I 20 Palio Tavera Captiva

Swift Indigo CS Skorpio Accord

Swift Dezire A-Star Sumo Honda CRV

Skoda Laura Aveo U-VA Ford Fusion Mercedes Benz

Altis Sonata Indica Mitsubishi Outlander

Verna Indigo Pajero

Wagon R Bolero Nissan X-Trail

Aveo Indigo Marina Nissan Teana

Octavia Endeavour Porshe Cayenee 5d and S5d

Spark Safari Rolls Royce

Zen Estilo Elantra Skoda Superb

Santro Versqaq Camry Fiat Punto Omni Prado

Linea Volkswagen Passat

Ritz Volkswagen Jetta

Getz Volkswagen Touareg

Accent Volvo

Ford Fiesta Maruti Grand Vitara

Cedia Fiat 500

Optra SRV Jaguar XF

Honda Jazz Jaguar XK

Logan Montero

Innova Beetle

Maruti SX4 Terracan XYLO Range Rover

Jazz Range Rover Sport

Cruze Land Rover Discovery 3

Indigo Manza Toyota Furtuner

Beat


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Car Category/ Profile State Cat - I State Cat - II

Cat 1 85% 80%Cat 2 80% 75%

Cat 3 70% 65%

Cat 4

85%

80%

# Max LTV 90 % for Cat 1 & 2 cars

# Max tenure 5 years

Tenure (inYears)

Upto 5Upto 5

Upto 4

Upto 3

Upto 5

Salaried with Elite/Superprime Company +

Annual Income > Rs. 8Lacs

STATE CLASSIFICATION

State Cat I - Andhra Pradesh, Tamil Nadu, Kerala, Maharashtra

State Cat II - Delhi, Rajasthan, Haryana, Karnataka, Gujarat,Madhya Pradesh

Eligible Loan To Value Grid

Chhattisgarh

P C L


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ProcessCar Loans

File Login

Field Investigation

Basic Data EntryCredit Profile Check

(CPCS and CIBIL)

Repayment TrackValidation

Risk ContainmentUnit Check

Credit Appraisal Post Processing Disbursement

Registration Certificate Collection


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Personal Loans

Features


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Features

Multi-purpose loan

Fixed rate of Interest

Flexible tenures up to 48 months

No security, no collateral

Loan payable in easy instalments

Repayment through Auto-debit

Can be used for holidays, education, marriage, etc.

P l L t f


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Personal Loans are meant for

Any Individual who is

A Salaried person having Salary account withICICI Bank

Working with Elite / Super prime / Preferredcompany (List of companies to be provided)

D t ti


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Documentation

Proof of Income

Salary Slips, Form 16, ITR, Audited Financials

Proof of Continuity Salary Slips, Form 16, ITR, Audited Financials

Residence Proof Passport, Driving License, Election ID, LIC Policy, Utility Bill

Identity Proof Passport, PAN Card, Driving License, Election Id, Photo

Credit Card

Signature Verification Passport, Photo PAN Card, Credit Card with Printed

Signatures, Banker Verification Ownership Proof

Electricity Bill, Title Deed, MCD Receipt


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Credit Card

What is a Credit Card?


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What is a Credit Card?

Plastic Money

Has the issuing bank (ICICI Bank/HDFC etc) name /Logo

Network name / logo (Visa/Master/Amex)

Magnetic strip behind, which can be read by

ATM/merchant establishment Can be swiped to make payments/withdraw cash

Key Benefits of Credit Cards


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Key Benefits of Credit Cards

Handy Replacement of Cash

Wide Acceptance & Safety : ICICI Bank creditcards are accepted at over 5,00,000 merchantestablishments powered by Visa/Master/Amex

Credit free period & Revolving Facility

Emergency : ICICI Bank Credit cards are acceptedwidely in most Hospitals & Pharmacies

Credit Card Features


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Reward Points on Spends*

Surcharge waiver of 2.5% at select HPCL pumps

Email and Mobile alerts

Credit Free Period of up to 48 Days

Accepted globally at Shops, Malls, Hospitals,Restaurants, Petrol Pumps, Airlines, Railways

Credit Card Features

Who can apply?


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Who can apply?

Salaried individuals with minimum Salary of

Rs.20000 pm KYC Fulfillment

Customer Latest photo with Application Form

Address & Photo ID Proof

Eligibility as per Policy Norms

How to apply?


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How to apply?

Cards @ Branch

Available at select ICICI Bank Branches

Online Cards

Apply at www.icicibank.com

Call ICICI Bank Customer Care

Call at the 24 hour call centre and apply

Repayment & Charges
http://www.icicibank.com/http://www.icicibank.com/


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Late Payment Charges 30% of min. Amount due subject to min. of Rs. 400 and max. ofRs. 600

Over limit Fee2.5% on over limit amount subject to min. of Rs. 500

Rate of Interest Varies from 2.75% to 3.40% per month on

different cards .

Minimum Amount Due 5% of the Total Amount Due

Repayment & Charges

Instant Credit Card On the Spot!


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Instant Credit Card On the Spot!

Instant Credit Card is a credit card which is issued

against a Fixed Deposit There are two variants of Instant Card

Gold

Platinum

Minimum FD required for Gold Credit Card is Rs.20,000 & Platinum is Rs. 60,000

Credit limit is 85% of the FD amount*

* T& C Apply

Customer understanding Credit Cards


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Customer understanding Credit Cardscustomer needs & wants

General BankingNew To Credit

Credit (value) Seeker

Convenience Seeker

Need for a credit line Need to build a good credit

history

Interest free period

No frills card & usage benefits

Value for money attractiveAPR, best deals

Hygiene benefits like fuel

surcharge waiver

Basic reward program

Spend centric

Access to attractive rewardprogram catalogue based or airmiles

Seamless service & supportexperience

Seeking lifestyle privileges &recognition

characteristicsegment

Privilege Banking

Wealth

Credit Card value proposition pillars


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Credit Card value proposition pillars

Joining benefits: Red Carpet Privileges

Concierge Services: i-Assist

Rewards: Hand-picked

Offers, Insurance & fuel surcharge waiver: Specials

Important note


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Important note

This content has been updated till October

31,2010. Please refer latest circulars andguidelines for any changes


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Thank You