An Analysis of Home First Finance Company India Limited's Home Loan Customer Satisfaction with Particular Reference to Gujarat

Authors

  • Mr.Nirmal Velji
  • Prof. Amir Mohan

Abstract

The purpose of the research is to identify the variables influencing the customer's satisfaction with the home loans offered by Home First Finance India Limited as well as to comprehend the banking rating and customer satisfaction expressed by customers regarding the Home First Finance India Limited company. The purpose of this study is to identify the variables that affect consumers' happiness with house loans and to investigate the connections between important variables that affect consumer satisfaction. For this purpose, 204 respondents were taken as a study sample to get the needed information. The study is an Exploratory as well as descriptive type. The data are collected from survey using a questionnaire method. Multiple regression was utilized for representation in the analysis and interpretation of the data that were gathered. Statistical methods such as percentage analysis and statistical analysis like correlation were also employed. We used a special tool called SPSS to Analysis study the answers from the customers. We wanted to see if there was a connection between Responsiveness, Reliability, Trustworthiness, Access, and Credibility and how satisfied customers were. For Home First financing and other businesses in the housing financing sector, the findings of this study are significant. Also, this research is important for the company because it helps improve customer happiness by providing excellent service. It also assists employees and researchers in understanding what customers need. Furthermore, this research assists people in getting home loans and understanding the problems customers face when applying for loans and paying them back.

References

Maheswari, V. (2023) A Study on Consumer Perception and Satisfaction Towards Mobile Banking, Adalyajournal.Com, XIII(Ii), pp. 60–70. Available at: http://www.adalyajournal.com/gallery/56-oct- v1056.pdf.

Murugan, M. S. and Jansirani, J. (2017) Customer perception towards Home Loan, International Journal of Trend in Research and Development, 12-14.

Kumaraswami, M. and Nayan, J. (2014) Marketing of Housing Finance- A Comparative Study of Public and Private Sector Bank, Global Research Analysis, 2 (3), 116-120

Shah, D.R.T., Thakkar, C. and Trivedi, D. (2023) Mesauring Satisfaction Level of Housing Finance Services, International Research Journal of Modernization in Engineering Technology and Science, (02),pp. 1442–1452. Available at: https://doi.org/10.56726/irjmets33728.

Boyd, W.L, and M. and White C. (2011) Customer preferences for Financial Services an analysis”, International journal of bank marketing Vol. 12, No. 1, pp. 9-15.

Geetha, V. (2019). A study on consumer awareness towards E-Banking with special reference to Villupuram district. International Journal of Trend in Research and Development (IJTRD), ISSN, 2394- 9333.

Manwani, S., Singh, N. and Sood, V. (2019) Impact of Factors Affecting Customer Satisfaction towards Home Loan Scheme of ICICI: A Robust Analysis’, 6(3), pp. 486–496.

Aarti Varma (2015) A study on customers view and perception towards home loan, Episteme: an online interdisciplinary, multidisciplinary & multi-cultural journal, Vol 3, Issue 4, Mar 2015, BCC-ISSN-2278- 8794, pp. 1-14

Ms M. Sughana, Prof. P. Sheela (2021) Factors Influencing Customers Choice While Finalizing an Institution for Home Loans – A Case Study of Visakhapatnam City, International Journal of Multidisciplinary and Current Educational Research (IJMCER), ISSN: 2581-7027, 3 ,192-201

Singh Madhurima Lall, M. (2021). Impact of Factors Affecting Customer Satisfaction Towards Home Loan Scheme of Hdfc and Lic Housing Finance Ltd: a Robust Analysis. International Journal of Creative Research Thoughts, 9(7), 2320–2882. www.ijcrt.org

Kasthuri and Uma, P. (2016) Customer Perceptions and Satisfaction towards Home Loan at Public Banks of Tamilnadu, International Journal of Management, Vol 7, Issue 2, February, pp. 497-501.

Pamaik, B.C.M., Satpathy, I, &Samal, N. R. (2017) Development of Indian home loan industry. International Interdisciplinary Research Journal, 7(2), 48-55.

Manjula Bai H. (2018) Customer Perception Towards Home Loan with Special Reference to Sbi- A Study, Elk Asia Pacific Journal of Finance and Risk Management, ISSN: 2349-2325,9(4).

Ragu Prasadh R & Jayshree Suresh (2017) Customer Satisfaction Index Model for Indian Banking Industry: A Qualitative Study”, Asian Social Science; Vol. 13, No. 1; 2017 ISSN 1911-2017 E-ISSN 1911-2025

Gupta and Sinha (2015) A Comparative Study on Factors Affecting Consumer’s Buying Behaviour towards Home Loans (With Special Reference to State Bank of India and Life Insurance Corporation, Allahabad), IOSR Journal of Business and Management (IOSR-JBM), vol 17, ISSN: 2319-7668,13-17.

Dr. Shiv Kumar Garg & Dr. Gajendra Kumar, (2014) Housing Finance in India : A Comparative Study of Public and Private Sector Banks, Journal of Commerce and Trade, Society for Advanced Management Studies, vol. 9(2), pages 44-53, October.

Lakshmi GS, Rubanenko O, Divya G, Lavanya V. Distribution energy generation using renewable energy sources. In2020 IEEE India Council International Subsections Conference (INDISCON) 2020 Oct 3 (pp. 108-113). IEEE.

Chakraborty M, Singh M, Balas VE, Mukhopadhyay I, editors. The" Essence" of Network Security: An End-to-End Panorama. Springer; 2021.

Published

2024-02-20

How to Cite

Mr.Nirmal Velji, & Prof. Amir Mohan. (2024). An Analysis of Home First Finance Company India Limited’s Home Loan Customer Satisfaction with Particular Reference to Gujarat. NOLEGEIN-Journal of Financial Planning and Management, 7(1), 10–25. Retrieved from https://mbajournals.in/index.php/JoFPM/article/view/1338