Loan & Finance Tips on Your Finger Tips

State Bank Of India provides home loan schemes for the customers to make their home finance easier and affordable. SBI home loan interest rates are attractive and you borrow maximum up to 90% of your property value. For the loan procedure, you need to submit a few documents and can pay the loan amount in equated monthly loan installments. The bank provides a maximum loan tenure up to 30 years for the EMI payment. And you can calculate the loan installment using the SBI home loan calculator. To know the loan calculator benefits and function read the given article. What is the SBI home loan calculator and how to use it? The bank provides a home loan calculator device to the customer so that they can compute their loan installments without any trouble. SBI home loan calculator is an online device that compute the loan EMIs using a mathematical formula  [P x R x (1+R)^N]/[(1+R)^N-1], where P is the loan amount, N is loan payment duration and R is the rate of interest. You can u...

You can get a home loan from SBI Bank to buy a ready built house, construct one, renovate the existing house, extend the property and can do a lot more. But before applying make sure you get a suitable interest rate on your loan amount because the SBI home loan interest rate is the lowest. You can take whether a fixed or floating rate of interest rate on your loan amount and to know its benefits you can use SBI home loan EMI calculator . To know about SBI loan interest rate and EMI calculator read this article. How the interest rate on the SBI home loan is determined? SBI home loan interest rate is based on the marginal cost of fund based lending rate (MCLR) of the bank. After the RBI rules on the home loans, SBI started providing loans to the customers on MCLR based interest rate, current MCLR of the SBI bank is 7.70% to 8.25%. SBI provides a lower interest rate to the women customers with a revised MCLR of 7.65% to 8.20%. You can estimate the payable interest rate and monthly l...

Purchasing a home is one of the most important and common dreams that a person has. But you know how expensive these dreams are. These dreams can’t be achieved without financial support. That’s why State Bank of India, the oldest public sector bank, offers a variety of home loans that will make your dreams come true soon. They have home loans designed for every need. These loans are offered at attractive interest rates which is not heavy on the pocket. Let's have a look at some of the popular SBI Home Loan products available in the market. SBI Regular Home Loan: This home loan product is the most sought after product by the home buyers. It is a full package with affordable interest rates that caters to all the needs of people seeking home loans. This loan comes at interest rates as low as 8.55%. In case you want to prepay your loan, there are no penalty charges levied. SBI gives women an interest concession under this loan. SBI Flexi Pay Home Loan: This home loan is tai...

Choosing the right kind of home loan from the several options available is a cumbersome task and what’s harder than choosing the right plan is to calculate the amount of EMI which you’ll have to pay in the future to return the loan in the given period. SBI home loans are the easiest and most demanded home loans in India. To make the process of calculating your monthly installments, you can use the SBI Home loan calculator . This EMI calculator is nothing but a magical tool regarding the error-free calculation of the EMI amount with just a few basic steps. Apart from the amount of EMI, with the help of SBI Home Loan Calculator, an individual can also check the monthly interest and monthly reducing balance from the loan amount. By checking the EMI, you can prepare for future payments and manage your financial life in a better way. To get the amount of EMI, the details you will be needing are as below. Principal Home Loan Amount: This is the desired amount for which you...