Skip to main content

SBI Loans

 

SBI

State Bank of India (SBI) is the oldest and largest bank of India. It is a state- owned corporation with its headquarters situated in Mumbai. 

State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore are five associates of SBI. Apart from associate banks, SBI also has non-banking subsidiaries like SBI Life Insurance, SBI Capital Markets Limited, SBI Funds Management Pvt. Ltd., etc.

SBI provides a range of banking products through its vast network of branches in India and overseas. 

Some of the most popular products of SBI loans in retail segment are as follow:-

SBI Home Loan

State Bank of India home loans are available for purchase of a new or resale residential property, construction of house on a plot of land, repairs and renovation or extension of existing property. SBI home loans can also be availed for transferring the existing outstanding home loan balance from any other lender.

SBI finances up to 90% of the cost of the property if the loan amount is upto Rs. 20 lakhs. In other cases it provides 80% of the agreement value of a house. Currently, SBI does not offer any fixed interest loan and offers home loan only on floating rate of interest. The floating home loans are linked with base rate and change whenever there is a revision in the base rate of the bank.

SBI Car Loan

SBI provides car loans for purchase of new and used passenger cars, Multi Utility Vehicles (MUVs) and SUVs.SBI finances up to 85% - 90% of "on road price" of the new car that includes octroi, registration, insurance and car accessories upto worth Rs. 25,000/- The maximum loan amount available under SBI loan scheme for purchase of car is 48 times the net monthly income or 4 times the net annual income. The maximum tenure for such SBI loans for car is 7 years. 

SBI Personal Loan

SBI personal loan is an unsecured loan taken for fulfilling any personal needs such as vacationing, marriage, medical treatment, etc. The minimum loan amount financed is Rs 24,000/- in metros and urban areas and Rs. 10,000/- in rural or semi-urban areas and maximum amount upto you can avail a personal loan from SBI is Rs. 10 lacs.

Sbi charges a processing fee of 2-3% of loan amount and does not levy any prepayment charges for foreclosure of the personal loan. The personal loan from SBI can be repaid back within a period of 48 months.

SBI Education Loan

SBI provides education loan for pursuing graduate, post graduate, diploma or degree courses conducted by recognized institutes. The maximum loan amount for courses in India is Rs. 10 lacs and abroad to Rs. 20 lacs. While availing the education loan you have to provide a guarantee with sufficient income to justify the loan and collateral security (such as property / shares / Units / jewelry / Life Insurance polices with high surrender value, etc.) The guarantor can be an applicant's parents or guardians. For education loan amount up to Rs 4 Lakhs, the bank does not require any collateral security. Repayment of education loan commences one year after completion of course or 6 months after securing a job, whichever is earlier.

Apart from attractive interest rates on SBI loans, the bank offers equally attractive returns on their fixed deposit schemes.

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. IDFC Tax Advantage (ELSS) Fund

4. ICICI Prudential Long Term Equity Fund

5. Religare Tax Plan

6. Franklin India TaxShield

7. DSP BlackRock Tax Saver Fund

8. Birla Sun Life Tax Relief 96

9. Reliance Tax Saver (ELSS) Fund

10. HDFC TaxSaver

Invest Rs 1,50,000 and Save Tax under Section 80C. Get Good Returns by Investing in ELSS Mutual Funds Online

Invest in Tax Saver Mutual Funds Online

Invest Online

Download Application Forms

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

---------------------------------------------

Leave your comment with mail ID and we will answer them

OR

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

OR

Leave a missed Call on 94 8300 8300

Popular posts from this blog

ULIP Review: ProGrowth Super II

  If you are interested in a death cover that's just big enough, HDFC SL ProGrowth Super II is something worth a try. The beauty is it has something for everybody — you name the risk profile, the category is right up there. But do a SWOT analysis of the basket, and the gloss fades     HDFC SL ProGrowth Super II is a type-II unit-linked insurance plan ( ULIP ). Launched in September 2010, this is a small ticket-size scheme with multiple rider options and adequate death cover. It offers five investment options (funds) — one in each category of large-cap equity, mid-cap equity, balanced, debt and money market fund. COST STRUCTURE: ProGrowth Super II is reasonably priced, with the premium allocation charge lower than most others in the category. However, the scheme's mortality charge is almost 60% that of LIC mortality table for those investing early in life. This charge reduces with age. BENEFITS: Investors can choose a sum assured between 10-40 times the annualised premium...

Am you Required to E-file Tax Return?

Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Buy Gold Mutual Funds Leave a missed Call on 94 8300 8300   Am I Required to 'E-file' My Return? Yes, under the law you are required to e-file your return if your income for the year is Rs. 500,000 or more. Even if you are not required to e-file your return, it is advisable to do so for the following benefits: i) E-filing is environment friendly. ii) E-filing ensures certain validations before the return is filed. Therefore, e-returns are more accurate than the paper returns. iii) E-returns are processed faster than the paper returns. iv) E-filing can be done from the comfort of home/office and you do not have to stand in queue to e-file. v) E-returns can be accessed anytime from the tax department's e-filing portal. For further information contact Prajna Capit...

IDFC - Long term infrastructure bonds - Tranche 2

IDFC - Long term infrastructure bonds What are infrastructure bonds? In 2010, the government introduced a new section 80CCF under the Income Tax Act, 1961 (" Income Tax Act ") to provide for income tax deductions for subscription to long-term infrastructure bonds and pursuant to that the Central Board of Direct Taxes passed Notification No. 48/2010/F.No.149/84/2010-SO(TPL) dated July 9, 2010. These long term infrastructure bonds offer an additional window of tax deduction of investments up to Rs. 20,000 for the financial year 2010-11. This deduction is over and above the Rs 1 lakh deduction available under sections 80C, 80CCC and 80CCD read with section 80CCE of the Income Tax Act. Infrastructure bonds help in intermediating the retail investor's savings into infrastructure sector directly. Long term infrastructure Bonds by IDFC IDFC issued an earlier tranche of these long term infrastructure bonds on November 12, 2010. This is the second public issue of long-te...

Section 80CCD

Top SIP Funds Online   Income tax deduction under section 80CCD Under Income Tax, TaxPayers have the benefit of claiming several deductions. Out of the deduction avenues, Section 80CCD provides t axpayer deductions against investments made in specific sector s. Under Section 80CCD, an assessee is eligible to claim deductions against the contributions made to the National Pension Scheme or Atal Pension Yojana. Contributions made by an employer to National Pension Scheme are also eligible for deductions under the provisions of Section 80 CCD. In this article, we will take a look at the primary features of this section, the terms and conditions for claiming deductions, the eligibility to claim such deductions, and some of the commonly asked questions in this regard. There are two parts of Section 80CCD. Subsection 1 of this section refers to tax deductions for all assesses who are central government or state government employees, or self-employed or employed by any other employers. In...

Merger of Tata Indo-Global Infrastructure Fund with Tata Equity Opportunities Fund

Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Buy Gold Mutual Funds Leave a missed Call on 94 8300 8300 Merger of Tata Indo-Global Infrastructure Fund with Tata Equity Opportunities Fund Tata Mutual Fund has decided to merge Tata Indo-Global Infrastructure Fund with Tata Equity Opportunities Fund, with effect from January 16, 2015.   Investors of Tata Indo-Global Infrastructure Fund can redeem/ switch out units from December 13, 2014 to January 12, 2015 without paying any exit load. For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call Leave a missed Call on 94 8300 8300 Leave your comment with mail ID and we will answer them OR You can write back to us at PrajnaCapital [at] Gmail [dot] Com --------------------------------------------- Invest Mutual Funds Online Invest Any Mutual Fund Online Download Mutual Fund Application Forms from all AMCs Download Mutual Any Fund A...
Related Posts Plugin for WordPress, Blogger...
Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now