Convocation ceremony of Great Lakes Institute of Management.

Great Lakes Institute of Management today held its ninth Convocation (2013) wherein students of PGPM (1 year flagship program), PGXPM (2 year Executive MBA) and PGWPM (2 year Weekend MBA program) graduated in the august presence of Renowned industrialists Mr. Vellayan, Executive Chairman, Murugappa Group and Mr. Ramesh Vangal, Founder and Chairman, Katra Group; and Dr. Bala V. Balachandaran, Founder & Dean, Great Lakes Institute of Management. This year marks the entry of Great Lakes Institute of Management into its tenth successful year since its inception in 2004.

The event commenced with Dr. Bala V. Balachandran, Dean, Great Lakes Institute of Management, declaring open the ceremony at the Chennai Trade Centre. The auditorium was high on spirit and there was excitement in the air, marked with sense of enthusiasm and pride as the students waited to receive the graduation certificates. In an enlightening speech, Dr. Bala V. Balachandran expressed his happiness and wished the graduating students all success in their professional careers. Keeping up with the philosophy of Great Lakes, he added that the sole purpose of attaining the best education is to give back to the society and create opportunity for all. In his speech the Chief Guest Mr. Vellayan emphasized the importance of facing challenges in the real world with the right spirit. Delivering the Presidential speech Mr. Ramesh Vangal advised the students to follow ethical practices and create the right impact in society.

Prof. Sriram, Executive Director, Great Lakes Institute of Management, reported that this year 429 students graduated of which 362 students were from PGPM Class 2013, 30 PGXPM students of class 2013 and 37 students were from PGWPM class 2012. Excitement and joy flowed as families and friends cheered for the graduating students who received the degree certificates from the chief guest. A special moment of pride and accomplishment grew among the graduating mothers, who went on to set new levels for their counterparts.
PGPM Class of 2012:
Apart from academic rigor some of the highlights of the graduating class were –
·    Guest Lectures - Over hundred guest Lectures were delivered by eminent industrialist and academicians in the academic year April 2012-13
·      Some of the notable lectures were delivered by :
-      Dr. Philip Kotler, Marketing Guru
-      Dr. Shyam Sunder, James L. Frank Professor of Accounting, Economics & Finance at Yale School of Management
-      Mr. R. Gopalakrishnan, Director, Tata Sons
-     Dr. Carlos Arruda, FDC, Brazil
-      Mr. Ramachandra Sundaralingam, International Drugs Expert – Interpol
·      Academic Topper  - T A Anandvishnu
·      Entrepreneurs  - Mr. Satish Rajagopalan, Founder Director, Spearhead EduOnline, an online education portal to provide quality education anywhere, anytime and to anyone
·      Great Lakes’ students won accolades in several management competitions conducted by institutions such as IIMs, XLRI, IITs, etc and won 17 first prizes, 13 second prizes and 8 third prizes overall
·      International Competition: 2 students represented Great Lakes and India in the Hyundai Global Youth Marketing Camp in South Korea between February 23rd and 28th, 2013. And a team comprising a Great Laker and 4 Korean students, 4 Indian students and 1 Chinese student won a competition with the Best BTL Marketing Strategy
·      Top three empirical research work
-      Servant leadership and follower's organizational commitment: Role of leader's charisma was adjudged best research by Abirami Muthi
-      Analysis of bankruptcy prediction models and their effectiveness: An Indian perspective was by Gokhul A and Manu Shankar
-      Effectiveness and efficiency of event sponsorship in brand building by Ashutosh Naik and Chandni Gupta’s
·      Karmayoga a philosophy driven concept of learning played an integral part of the study programme. Through Karmayoga students participated in several social projects in order to uplift the standards of the society which also foresaw nurturing of leadership qualities in students. 20 villages around Great Lakes have been adopted for the Karma Yoga program and the students visit these villages every week.
PGXPM Class of 2013:
The seventh batch of Executive MBA program graduated this year. Some of the highlights of the batch were:
·      Mr. Rajagopalan T.S, CFO, WABCO is a Gold Medalist, awarded Best Outgoing Participant
·      Mr. Arun Kumar Associate Director, Product Management, Roamware Inc. awarded Gold Medal, Academic Topper
·      Mr. Muthukumaran J. promoted to AGM, Production, Sundaram Clayton with his span of control being doubled from what he initially handled
PGWPM Class of 2012:
The batch took pride in being the first graduating batch of Working professional program in management from Great Lakes and some of the highlights of the program are:
·      Meenakshi  L is a working mother and Senior Executive – Finance, Renault Nissan. A Double Gold Medalist in the PGWPM program awarded for Academic Topper and Best Outgoing Participant
·      Lavanya Saraswathi is working mother and Manager, Sabari Investigation Agency. A Gold Medalist awardee for academic topper in PGWPM program

Great Lakes Global Alumni Network:
Since its humble beginning in the year 2004, Great Lakes Institute of Management has established itself as a strong brand among other B-Schools in the country. It has a strong network of alumni with over 2215 individuals currently working in several countries apart from India. Being pioneers of entrepreneurship, Great Lakes have spread the culture among their alumni as well, with many alumni choosing to be entrepreneurs. Also, the year 2012 also makes a mark in Great Lakes Alumni history as we held the first overseas Alumni Meet at London on 6 Oct 2012.
List of MoUs:
·      Great Lakes Institute of Management and Rutgers, The State University of New Jersey, USA -  Dual degree plan
·      Great Lakes Institute of Management and Kaziranga University, Jorhat, Assam
·      Great Lakes Institute of Management has signed an MoU with Fudan University China
·      Great Lakes Institute of Management and University of Bordeaux, France
·      Great Lakes Institute of Management signed an MoU with American Society for Quality India Pvt Ltd(ASQ India)
Bala V. Balachandran, Dean, Great Lakes Institute of Management: Be grateful for what you’ve achieved today, thank everybody and anybody who were involved in your success today. You may forget your school, your teachers and maybe your colleagues, but never forget your parents as they have sacrificed a lot in order to make you stand here.
Vellayan, Executive Chairman, Murugappa Group: Don’t think out of the box as it is uncertain and has no guarantee, but think from a new box for further growth.
One should possess adaptive capacity, listen signals from noise.  We are smart people but don’t think you are the smartest, as in life you would get to meet lot of people from whom you’d get to learn a lot. When you cultivate such attitude you’d get to build new relationship and family.
Ramesh Vangal, Chairman, Katra Group:
I urge you to put your mind in three things Think Big, Think Different and Think Together. Human being has no limitation; the only boundary is your skull.
I see the crisis in our country as big opportunity and what our country need today is a leader and it’s you. Aspire to be one, aspiration is very powerful word.

About Great Lakes Institute of Management

Great Lakes Institute of Management is a leading B-school in India founded in 2004 by Prof. Bala V. Balachandran J.L. Kellogg Distinguished Professor of Accounting and Information Management Northwestern University, USA . The campus has been built on sprawling 27 acres and is LEED Platinum rated .The institute has academic alliances with Stuart Graduate School of Business USA, Yale University USA., and Nanyang Technical University, Singapore. In a short span of 9 years since inception, it is ranked in the Top 10 B Schools of India in 2012 (Outlook & Careers 360)
The institute offers a flagship one year Post Graduate Program in Management besides a Two year regular Post Graduate Diploma in Management. In addition, for Executives there are 2 part time programs to choose besides a Global Executive MBA in Energy Management in association with Bauer college, Houston Texas.
Great Lakes Institute of Management is guided by a Business Advisory Council chaired by Mr. Ratan Tata, and  comprises of corporate stalwarts like Mr. Jamshyd Godrej, Mr. S Ramadorai, Mr. Kumaramangalam Birla, Mr. Narayana Murthy to name a few. The Academic Advisory Council chaired by Dr. Bala V Balachandran includes world renowned management gurus including Dr. Philip Kotler, Dr. Seenu Srinivasan, Dr. Raghuram Rajan and Dr. Aswath Damodaran amongst others. Mr. Jamshyd N Godrej is the Chairman of the Board of Directors of  Great Lakes Institute of Management.
Faculty from leading business schools such as Harvard, Stanford, Stuart, Kellogg and Florida teach at the institute. Chinese is a mandatory course for the students at Great Lakes. Eminent personalities like Dr. Ratan Tata, Dr. Deepak Chopra, (Late) Dr. C.K. Prahalad, Dr. Y.V. Reddy, Dr. Philip Kotler, Dr. Finn E Kydland , Mr. Vivek Paul, and Mr. Rahul Bajaj have visited the institute and have addressed the students.
Photo Caption:
1. Best Outgoing Female Abirami receiving the degree from the guest
2. Best Outgoing Male Anandvishnu receiving the degree from the guest..jpg

For further information:

Krishna Moorthy/Asad Ghalib Pasha
94421 91717, 99432 16959

Food Poisoning: How to avoid...?

Food poisoning is usually followed by dreadful symptoms that involve the digestive system.

These symptoms can be difficult to control & treat and they can last anywhere from 24 hours to 10 days.

In rare cases food poisoning can be fatal. Food poisoning results when someone eats or / drinks something that contains bacteria or / another type of toxin.

Symptoms of food poisoning..!

Food poisoning can also be caused by viruses & parasites. Certain chemicals can also cause food poisoning.

 However, most people develop food poisoning as a result of bacteria, viruses, or / parasites.

Contamination can occur anytime during food processing or handling.

Symptoms of food poisoning include fever, loss of appetite, fatigue, stomach pain, diarrhea, nausea and vomiting.

Usually, symptoms are mild to moderate, though undoubtedly unpleasant, and a person can just wait for them to stop, resting and trying to stay hydrated during the course of the illness.

A visit to the doctor is recommended if you experience any of the following:

** Vomiting lasting more than two (2) days

** blood in the vomit or bowel movements

** Inability to keep liquids down for 24 hours

** Severe abdominal pain or cramping

** Severe diarrhea or a temperature over 101.5 F.

Symptoms of food poisoning will often show up within just a few hours of eating contaminated food.

However, this is not always the case. Sometimes, food poisoning may show up days after the tainted food has been consumed.

Generally speaking, a person can expect his symptoms of food poisoning to disappear within 10 days. Some episodes last for one day.

How to Avoid Food Poisoning..!

Wash your hands thoroughly before handling any food products. This is especially important if you have pets at house.

Ensure all cutting boards, knives, cooking utensils 7 surfaces that your food will come into contact with have been thoroughly cleaned prior to use.

Wash all raw fruits & vegetables before you eat them.

Ensure that any food coming from an animal source (meat, eggs, dairy) has been pasteurised or / thoroughly cooked all the way through before consumption.

If a restaurant serves you undercooked meat or / eggs, send it back and make sure your corrected order comes on a new plate.

Thaw foods in the refrigerator or /  use a microwave, not at room temperature. Do not let animal-based foods (meat, eggs, dairy) sit at room temperature for an extended period, cooked or /  not.

Check Expiration Dates..!

Refrigerate leftovers promptly. To prevent the possibility of infection, thoroughly reheat all leftovers before you eat them.

Exercise caution when selecting and preparing fish and shellfish products. Choose the freshest possible products when purchasing them.

Fish can be a source of some of the most dangerous types of food poisoning.

Understand safe meat storage practices. Meat from different sources (such as chicken, beef and pork) should not be stored atop or / even directly beside one another. Keep the chicken with the chicken, the beef with the beef and the pork with the pork, in separate storage areas.

Check expiration dates both before you buy and before you eat, particularly when dealing with meat products.

Demand Up for One BHK Houses..!

Single working individuals and newly-married couples, trapped in an environment of rising property prices.

uncertain job market and a gloomy macro economic scenario, are reconsidering the option of buying the more affordable one bedroom apartments in Mumbai.

These house buyers, confident of good increments &  job security in the past few years, had shunned such apartments and focused on buying at least 2 bedroom apartments, or / something even fancier.

But, things have changed since then, and these folks are not ready to take on higher liabilities of owning bigger apartments, especially at current rates.

Property developers / promoters, who too stayed away from this segment due to lower margins, have sensed a change in mood &  have spotted an opportunity in this unfancied 1 bedroom category.

Rustomjee Group, Marathon Realty, Hubtown, Nahar Group, NRDL, Kanakia Spaces and several other developers are all offering apartments in this category.

The product, which was a big hit in the 1980s and 1990s until the economy offered more opportunities and higher pay-packages, is making a comeback of sorts.

Mr. Mayur Shah, MD, Marathon Group that has been developing realty projects in Mumbai since 1969 said, "Buyers are very cautious right now, they are buying smaller units. The mindset is similar to pre-1995 when homebuyers were not willing to stretch themselves as confidence about their income levels was low" 

It was in the late 1990s, with tax sops on home loans thrown in, people started buying larger apartments, which was in sharp contrast to their earlier approach of buying a house with own savings or family support, and therefore mostly ended up buying 1 bedroom apartments. "Ultimately, budget plays a very important role in this decision.

Real estate prices have been going up for long making it unaffordable. Buyers are not sure if their salaries will rise in the same fashion as they did earlier," says Mr. Shah, while reasoning the revival of one-bedroom units.

About 65 % of Marathon's new 18 storey residential project near Mulund, a Mumbai suburb, will comprise 1 BHKs. For developers/ promoters too, this seems to be an easy remedy to their liquidity worries.

"Right now, turnover of such smaller apartments is high. Developers are also facing tight liquidity situation, therefore this is the best available solution for improving liquidity rather than depending on private financiers," said Mr. Manju Yagnik, Vice Chairperson, Nahar Group.

For long, developers have been focusing on apartments with at least 2 bedrooms given the high-margin possibility. But, are now considering even lower margin vertical.

"Margins in this segment are low, but given the high-volume play, many developers are moving back into this as a sure-fire sales proposition, with almost instant absorption if the location is right. 

India: Out Of Town Retail – The Viability Of Value..!

by Mr. Bappaditya Basu, JLL India

Selling off the damaged or / out dated products has always been a nerve wrecking task for retailers.

However, they can liquefy their obsolete products on discounts to consumers who want to get branded stuff at reasonable rates.

Retail companies can offload factory surplus stock at discreet stores located on highways and city outskirts.

Big hypermarkets, cash and carry outlets, furniture dealers and designer wear stores often cannot find sufficiently large retail spaces within the city.
Bappaditya Basu
Such stores tend to look for out of town retail properties in locations which are in line for anticipated growth as indicated by the directions in which the city is expanding.

This trend has given rise to some popular out of town weekend shopping destinations.

Some of these are:

    Mehrauli-Gurgaon Road and Mahipalpur in Delhi
    Kharkhana and Trimulgiri in Hyderabad
    Marathahalli in Bangalore
    Parel in Mumbai
    Kundli in NCR
    Manesar in Gurgaon
    SG Highway in Ahmedabad

Out-of-town retail outlets tend to be located in areas close to operational factory outlets and are targeted by customers who are looking for a bigger bang for their buck.

Retailers That Seek Out - Of - Town Properties..!

The size of the Indian retail industry is estimated at Rs. 20 trillion in sales. (trillion = 1 lakh Core) Of this, 40 to 48 % comes from sales of branded products, which are part of the organised retail segment. 45 % of such products are sold during discount sales or through factory outlets which offer a 15 to 40 % discount throughout the year - and almost 70 % discount twice a year  to unburden ‘out of season’ stocks from their shelves.

As old merchandise in retail stores continuously gives way to new stock at the end of every season, off-loading out-dated goods from retail stores is an on-going issue with retailers.

In such a scenario, the need for ‘factory outlets’ is practically a given.

In fact, almost all of the leading domestic (and even some global) brands are active at out-of-town properties. Brands like Mega store, Promart, Brand Factory, Loot Mart, Loot, Brands R Us and all branded factory outlet stores look for such kind of retail properties where they can sell at a discounted price throughout the year.

Cash-and-carry outlets such as Best Price, Metro and Bookers are some of the international brands that specifically look for such spaces.

They typically look for retail real estate with low rents, large floor spaces and ceiling height, power back-up and sufficient parking. Easy approachability is important - such locations need to be connected to a national highway and immune to traffic snarls.

Once they locate such a property, retailers require their spaces to be built to suit their requirements. The entire premise of this business model is that if all these factors are met, customer will be willing to ‘go the extra mile’ to shop at discounted or wholesale prices.

Major Challenges...!

Opening a factory outlet is not that easy as opening exclusive brand outlets or a multi-brand stores. This is because EBOs and MBOs represent the regular and fresh stocks of the brand, whereas the product line which is sold in factory outlets is either damaged or out-of-date.

For instance, the footwear industry business is all about sizes & colours. As not all fresh arrivals are necessarily sold in a single season, the company has a constant need to off-load surplus stock.

Similarly, the Indian apparel industry is witnessing rapid changes in seasonal styles and colours that need to be sold off one way or the other once they are ‘obsolete’.

Changing Landscape..!

As in all other segments of retail in India, customer preferences for out-of-town retail complexes are changing too. Despite their focus on savings, these are nonetheless aspirational people - college students, freshly recruited executives, executives with family liabilities - and, of course, value shoppers who want branded, trendy products but cannot afford them at the regular prices.

While the Indian upper middle class shopper is definitely the profile of a typical department store customer, he or  / she is now seeking more value through cross-shopping at factory outlets. Given that the India growth story remains strong with the international business community, the attractive footfall rates and sales statistics of factory outlets ensure that even top-notch brands cannot afford to ignore them. This has fuelled the emergence of malls dedicated to such stores.

Discount Malls..!

Today, discount malls have cropping up rapidly on outskirts of Faridabad, Mathura, Kundli, Pinjor, Manesar, Bhandup, Bangalore, Vishakapatnam and Ludhiana. And it is not just discounts that attract customers to factory outlets, although these are a big draw. The fact is that one is assured of discounted rates at such malls at any time of the year.

Thanks to these discount malls, retailers were able to continue with their expansion plans despite the significant dip in prime retail space supply across key cities last year.

This positive sentiment is indicative of retailers taking a long-term view of the Indian economy despite the short-term challenges. The Government’s bold and welcome move of allowing FDI in retail has further contributed to this positive sentiment.

Most Popular Store Sizes For Out Of Town Retail..!

    Cash and carry outlets - 52,500 square feet to 6,0000 square feet.
    Factory outlets -  1,500 square feet to 2,500 square feet per store


Factory outlets are situated in out of the way locations, along the highways, and in areas with low penetration of branded outlets. Sales depend on location and also vary from city to city. A factory outlet usually earns anywhere between Rs. 35 per square feet  to Rs. 40 per square feet per day.

The maximum that they tend to be willing to pay is Rs. 70  per square feet to Rs. 90 square feet per month.

Cash and carry outlets can afford to pay between Rs. 36 per square feet to Rs. 48 per square feet., depending on the city and location. The approximate rental difference between in-city and out-of-town retail spaces would be about 40 %.

Lease Arrangements...!

The lease agreement for out of town retail stores is similar to those for inner city agreement & are governed by applicable bye laws, municipality rules and the specifics introduced by the retail property’s legal consultant.

It can take the form of a basic agreement for conducting business, a leave and licence agreement, franchisee agreement, lease agreement or a simple rent agreement.

About the Author...!

Bappaditya Basu is Senior Vice President (Retail and Leisure Advisory) at Jones Lang LaSalle India


JLL India: Special Economic Zones Reforms A Boon To Real Estate..!

Mr. Ramesh Nair, JLL India

In a landmark move that will have wide-ranging implications for commercial real estate in India, the Government has done away with the mandatory requirement of 10 hectares of minimum land area for setting up a IT / ITES SEZ. (Special Economic Zone)

With immediate effect, the minimum built-up area requirements to be met by SEZ developers will be 1.00,000 square meters for the 7 major cities, 50,000 square meters for Category B cities and only 25,000 square meters for the remaining cities.

The first and most encouraging impact of these amendments to the previous requirements, which were a major hurdle, is that many more IT companies will now be able to launch their own SEZs.

Previously, only the largest IT players could have their own IT SEZ’s given the capital required to buy 25 acres land.
Ramesh Nair,   MD (West),  Jones Lang Laslle India
Developers will now be able to aggregate smaller contiguous land parcels and turn them into SEZs. In cities like Chennai and Bangalore (where the FSI for IT Parks is as high as 3.25  to 3.75, an SEZ development can now be developed on a land parcel as small as 7 acres.)

Further, some IT SEZ developers who have already met the 1,00,000 square meter built-up area criteria will now convert the balance land for residential use, giving the mixed-use edge while also making the formation of many more walk-to-work residential projects possible.

Real estate developers will now be able to divide up their land holdings and allocate smaller parts to IT companies to construct their own IT SEZs.

Another extremely important result of this ruling is that it will now become easier to exit from SEZs given that transfer of ownership of SEZ units - including sale - has now been allowed.

Moreover, Real Estate Private Equity Funds with foreign capital will now be able to do more smaller deals, and this is bound to bring in more FDI into the sector.

The infusion of FDI into the real estate markets of smaller cities can also become a critical factor in IT / ITES companies deciding to move into these cities - with an obvious positive impact on their local economies and therefore the growth of their real estate markets across all segments.

About the Author...!
Mr. Ramesh Nair is Managing Director (West) at Jones Lang LaSalle India


Citi Bank: Insurance For Housing Loan...!

** No medical examination required  for a cover up to Rs. 70 lakhs.

**  Level term insurance cover for an amount equal to your loan amount

**  Option to continue cover even after the foreclosure of loan.

Provide your family the BSLI Group Asset Assure Plan - a unique level term insurance cover that pays an amount equal to your initial home loan amount in the event of your unfortunate death.

Group Asset Assure Plan for Citibank Customers is an incredible insurance plan that covers your life to the extent of your initial Housing Loan amount. This insurance policy is underwritten by Birla Sun Life Insurance Company Ltd.

Level Risk Cover..!

A level term insurance covers for an amount equal to the loan amount of your Housing Loan.

Payment received under Group Asset Assure Plan upon your unfortunate death will first be used to reduce or discharge your liability to the bank and the balance will be paid to your nominee.

Premium Payment..!

You can choose to pay your premium by either a cheque or /  by giving a standing instruction on your Citibank Credit Card.

Premiums will have to be paid as a single payment upfront option .

No Medical Check-up

No medical examination is required for a cover up to Rs. 70 lakhs^.

Income Tax Savings...!

You can claim tax benefits under Section 80 (C) and Section 10 (10 D) as applicable to your income bracket on the premium paid.

This is as per the provision available in Income Tax Act 1961#.

Additional Benefits..!

Special group premium rates as compared to an individual life insurance policy

Surrender value refund of premium available on prepayment of loan

No medical examination required for an amount up to Rs.70 lakhs for loans with vintage < 6 months^

Efficient processing &  turnarounds on claims by the Insurer

Benefit available for you if the Housing Loan is prepaid.

In the event that you prepay your Citibank Housing Loan, you have 2 choices. You can opt to continue with the life insurance coverage up to the original tenure of your loan or /  you can choose to receive a refund as per the insurer short scale period on your insurance premium.

^ Please refer to the medical grid for more information.

+ Coverage is applicable till a maximum age of 65 years.

* Medical examination will be required as per medical grid.



UCO HOME: Interest Rate Calculated on Reducing Balance..!

This UCO HOME -UCO Banks home loan scheme brings to you an excellent opportunity to have your own house or  / flat. The scheme has been carefully tailored to suit your requirements.

The reasonable rate of interest that you pay will be calculated on reducing balance, i.e. you do not have to pay interest on the loan installments actually repaid from the date of such repayment.


Individual having minimum 21 years of age and maximum 60 years of age (Salaried person) and 65 years of age (Non-salaried person) inclusive of repayment period.

Purpose of Loan..!

Purchase & construction of independent house / ready built flat for residential purpose.

Extension or / Repair or  / Renovation of existing house or  / flat not more than 50 years old.

Takeover of housing loans availed from other banks / Housing Finance Companies (HFCs).

Loan is also available for furnishing of house property.

Purchase of old house or / flat not more than 30 years old.

Quantum of Home Loan..!
The area-specific maximum limits for construction / purchase are as under…

For Construction/
 Purchase/ Takeover A/Cs 
For Repair/
Extension/ Renovation

No upper limit

Rs.25 lac


No upper limit

Rs.7.5 lac

Loan Entitlement...!

Least of the Following:

Eighty per cent (80 %) of the project cost upto Rs. 30 lac or / 75 % of the project cost for loan above Rs. 30 lac.

On the basis of monthly income -

The total deductions existing plus the EMI of the proposed loan would be linked to Gross Monthly Income (GMI) of the borrower as under..!

1.Gross Monthly Income upto Rs. 50,000 - - 60 %

2.Gross Monthly Income above Rs. 50,000  and upto Rs.1,00,000- - 70 % (subject to minimum monthly take home pay of Rs.20,000)

3.Gross Monthly Income above Rs.1,00,000- -75 % (subject to minimum monthly take home pay of Rs.30,000)

4. 60 times of net monthly income.

Processing Fee..!

0.5% of the loan amount, minimum Rs.1,500 & maximum Rs. 15,000

 Click here for rate of Interest :

 Repayment of Home Loan...!

The maximum period of repayment is 25 years or / 300 EMI but should not be beyond retirement age, in case of salaried class and 65 years in case of non-salaried class.

Security and Guarantee..!

EMTD of property financed : No third party guarantee

Prepayment charge: Waived for floating rate Home Loan

Tax relief on principal & interest components of this home loan would be available as per provisions prevailing under Income Tax Act.

Insurance Cover on house and Loan Amout...!

Insurance cover on house property under Uco Griha Raksha Yojana scheme to cover the risk of damage to home by natural calamities.

UCO Griha Lakshmi Yojana to cover the outstanding loan in case of accidental / or natural death of borrower.

For more details, please contact your nearest UCO Bank branch.

For  further details contact  Home Loan Wing  044 - 4340 5730, 4340 5522

You can also contact our nearest branch for Quick loan processing .

Mr. M.S.Alagan - Chief Manager
UCO Bank (A Govt. of India Undertaking), 328, Thambu Street,
Zonal Office, 2nd Floor, Chennai - 600 001
Retail Loan Hub Phone: 044 - 4340 5730, 044 -  4340 5731
Fax: 044-4340 5732, E-mail:
Web Site: www.

Mr. S. Kavimani, Manager,
UCO Bank, 1501, 16th Main Road,
Opp. Sri Devi Hospital, Anna Nagar (West),
Chennai - 600 040, Phone: 044 - 4208 3946, Fax 044 - 4301 6793


HDFC: Housing Loan Counselors..!

HDFC Ltd.,is India's leading provider of home loans. About  35 years, HDFC has pioneered the development of the housing loan market in India.

They have a very deep understanding of the requirements of customers, particularly those who are buying a house for the first time.

Housing Loan Counselors..!

Ease and convenience in the total buying experience

HDFC's housing loan counselors will be based at the project site by approved by HDFC, so that  customers can process the purchase of the property &  apply for their home loans at the same time.

The home loan counselors will advise customers on the appropriate home loan product, documentation requirements and provide any other information they may need related to their home loan. The project's sales team is also trained to guide customers to complete HDFC's home loan documentation process.

In order to facilitate the housing loan process and thereby early completion of the loan, customers are required to bring with them the following documents:

** Identity proof (usually one of the following: Passport, driving license, ration card, pan card, voters identification),

**  Address proof (one of the following: Passport, electricity bill, telephone bill, ration card,)

**  Letter from employer in original

**  Bank statement in original attested by banker,

** Buying Agreement

** Income documentation (Latest 3 months salary slips),
** Latest Form 16
 **  Latest ITR for salaried customers and last 3 years IT Returns, (along with computation of income statements and profit and loss account and balance sheets of the firm for self-employed customers)

**  Copies of bank statement for the last 6 months

**  Any further documents as required by HDFC to process the loan.

Home Loan Quantum..!

The amount of loan is usually the lower of the following:
^^ Property price
^^ loan eligibility or / the amount of loan required by the customers.

HDFC will finance upto a maximum of 85 % of the cost of the home (subject to HDFC's norms and policies from at the time).

Home Loan Tenure..!
HDFC provides for maximum flexibility of loans for various tenors, with a maximum period of 20 years or up to the retirement age of the borrower, whichever is lower.

There is also flexibility for pre-payment of part of the loan, subject to HDFC's policies on pre-payment from time to time, aided by annual bonus or other lumpsum earnings of the customer.

With longer tenor loans, customers can reduce their burden of monthly payment.

Processing Fees..!

HDFC charges one time processing fee of 0.5 % or Rs.10,000 of the loan amount, whichever is lower. Service tax will be charged in addition accordingly.


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