State Bank Of India

ADVANTAGE SBI HOME LOAN

Festival offer SBI HOME Loan - NIL Processing Fees and Lowest Rates 

Intrest rates Are - 8.45% to 8.75% 

--Rate of Interest : 8.50% and 8.75% for maxgain *
--NIL processing fees
--PMAY Subsidy 2.67 lac for New First Home *

Why to opt SBI

⚡Lower Rate of Interest.
⚡Difference of 0.1% rate saves 4EMI for 20yr loan.
⚡Exllent legal scrutiny of projects and construction progress check.
⚡No hidden cost & Lowest expenses.
⚡Rate of intrest based on MCLR (Floating, auto revisions, no charges)
⚡Intrest on daily reducing balance.
⚡Prepay 'N' amount 'N' times from internet banking. ( No charges )
⚡Rinn Raksha credit insurance (Surakha home loan ) can be added to loan.
⚡Top up loan @home loan rates.
⚡Easy and hassle free door step service.
⚡Amount in K equivalent to initial loan amount saves 5 EMI for maxgain loan.
⚡Fast Processing through us.
⚡Unique products like Maxgain, Flexipay, Privilege and Shaurya.
⚡100% Rental consideration and Bridge loan for second property.
⚡User-friendly internet banking interface.

Call now : 8975421600
or WhatsApp

Thanks,
Prashant Patil.
SBI Home loan

apply SBI Home Loan

https://docs.google.com/forms/d/12Mj2NOO7arirHJ-PpRNXcFh4TCLNiLqad7tnSRz6V7k/prefill

SBI HOME LOAN PLACE

MCLR -Marginal Cost of Funds Methodology for Interest Rate

RBI announces Marginal Cost of Funds Methodology for Interest Rate on Advances

The Reserve Bank of India released the final guidelines on computing interest rates on advances based on the marginal cost of funds. The guidelines come into effect from April 1, 2016. Apart from helping improve the transmission of policy rates into the lending rates of banks, these measures are expected to improve transparency in the methodology followed by banks for determining interest rates on advances. The guidelines are also expected to ensure availability of bank credit at interest rates which are fair to the borrowers as well as the banks. Further, marginal cost pricing of loans will help the banks become more competitive and enhance their long run value and contribution to economic growth.

The highlights of the guidelines are as under :

All rupee loans sanctioned and credit limits renewed w.e.f. April 1, 2016 will be priced with reference to the Marginal Cost of Funds based Lending Rate (MCLR) which will be the internal benchmark for such purposes.
The MCLR will be a tenor linked internal benchmark.
Actual lending rates will be determined by adding the components of spread to the MCLR.
Banks will review and publish their MCLR of different maturities every month on a pre-announced date.
Banks may specify interest reset dates on their floating rate loans. They will have the option to offer loans with reset dates linked either to the date of sanction of the loan/credit limits or to the date of review of MCLR.
The periodicity of reset shall be one year or lower.
The MCLR prevailing on the day the loan is sanctioned will be applicable till the next reset date, irrespective of the changes in the benchmark during the interim period.
Existing loans and credit limits linked to the Base Rate may continue till repayment or renewal, as the case may be. Existing borrowers will also have the option to move to the Marginal Cost of Funds based Lending Rate (MCLR) linked loan at mutually acceptable terms.
Banks will continue to review and publish Base Rate as hitherto.

SBI Flexi Pay Home Loan

SBI Launched SBI Flexi Pay Home Loan

If you have zeroed in on your dream home, but cannot afford to pay the Equated Monthly Instalments (EMIs) due to your low salary, you can opt for State Bank of India's FlexiPay Home Loan scheme. Provided you are a salaried employee between 21 and 45 years and the loan amount is minimum Rs 20 lakh.

The scheme, which was launched on Monday, allows borrowers to get higher loan amount compared to their loan eligibility under normal home loan schemes. Other conditions like interest rates, loan to value ratio (LTV) and pre-payment conditions remain the same, says Jayanti Lakshmi, Chief General Manager (Real Estate, Habitat and Housing Development), SBI.

The difference is that in a regular home loan the EMI remains the same unless the rate of interest changes. But under SBI's FlexiPay loan, the EMI will increase gradually over the years, in tandem with the borrowers' salary.

Borrowers will have the option of paying only the interest during the moratorium (pre-EMI) period of three to five years, and late on pay moderated EMIs. The EMIs will be stepped-up during the subsequent years.

"A lot of youngsters who need a two bedroom house now often end up buying a one bedroom house because of their salary. They later on sell it off and buy a bigger home. But under the Flexi Pay scheme they can buy a bigger home early in their careers. When you take a loan in the initial period of your career, the burden may seem high, Lakshmi says. In case of the FlexiPay loan, the EMI increases as your salary increases, which will reduce the burden in the later years