reach policy pdf.pdf - HDFC has been active in the...

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HDFC has been active in the traditionalhome loan product targeted atemployed and self employed customersin the formal sector /organised sector.However, the Government’s initiative of “Housing for allby 2022” has created a large under-served housingfinance market in the EWS, LIG, MIG in the informal/unorganised sector which we will target with HDFCReach product.
Address the housingfinance needs ofcustomers of the un-served & under-servedsegments of urban &semi-urban Indian markets.HDFC reach lendingprogram will focus oncustomers who may ormay not be supported byformal incomedocumentation and hencecannot be provided aHome Loan under normallending program.
Employed- Informal segmentEmployees with no statutorydeductions from salary.Employees with cash salary.3rdparty payroll/Contractualemployees.Employees of proprietorship firms ,trust, partnership firms , Pvt. Ltd.company , HUF , society and classIV employees of Central/Stategovernment who are not coveredunder normal lending program.Self employed- Informal segmentOwners of small size business in informalsector with or without businesscontinuity /business operatingdocuments, municipal licenses,establishment license, etc.Semi-skilled people like carpenters,mason electrician ,plumbers ,contractors,tailor, cook running their own businessunder this are also eligible for thisprogram. Their business can be verifiedfrom site of work & business reference.Customers not having/having irregularlyfiled financial documents/ITR.
Daily wageworkers & TruckdriversProduction andtrade inweaponsMLMemployeesChit fundcompanies andtheir employeesPoliticians andpoliticallyexposed personsBar owners &workersGamblinghouses andcasino workers
BranchesThe branches/centers have been categorized as Tier-1 , Tier-2 and Tier-3 cities as follows:Tier-1Mumbai , New Delhi , Bangalore ,Chennai, Hyderabad , Pune &KolkataTier-2Ahemdabad ,Bhopal, Chandigarh ,Jaipur, Coimbatore, Dehradun, Indore,Kanpur , Kochi, Lucknow, Ludhiana,Madhurai, Nagpur, Nasik, Raipur,Surat, Trivandrum, Vadodara,VijayawadaTier-3All outstation centers , Satellite’scenters and spoke locations

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Term
Spring
Professor
Mrs.Pooja
Tags
Debt, Personal Finance, Mortgage loan

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