Interest rate | EMI Calculations | Compare - SBISERVICE™ are providing you all the information to SBI Shaurya Home Loan Interest Rate ...
Interest rate | EMI Calculations | Compare - SBISERVICE™ are providing you all the information to SBI Shaurya Home Loan Interest Rate & SBI Online EMI Calculator to calculate your lowest EMI on the bases on Term, Loan Amount, Interest Rate.
About SBI Shaurya Home Loan :
Τhere are many persons in this country who's still working in their retire period as a defence for that type of person's Indian govt. has inaugurate a scheme in which the person's who are serving in the Indian Force, Army of India, Indian Navy can apply for this newly launched scheme by State Bank of India (SBI) named Shaurya Home Loan
With the government deciding to implement the recommendations of the 7th Pay Commission on wage hike with effect from August 1, State Bank of India has introduced home loan products for Central/ State government/ public sector undertaking employees and defence personnel.
Main Feature Under This Scheme :
In this newly launched scheme by State Bank of India (SBI) named Shaurya Home Loan The persons under Central/ State government/ public sector will get the benefit of repaying the loan over a longer period with the interest rates lower than the usually interest rates in SBI.
(OTHER's)
About SBI Shaurya Home Loan :
Τhere are many persons in this country who's still working in their retire period as a defence for that type of person's Indian govt. has inaugurate a scheme in which the person's who are serving in the Indian Force, Army of India, Indian Navy can apply for this newly launched scheme by State Bank of India (SBI) named Shaurya Home Loan
TARGETED PERSONS FOR SHAURYA HOME LOAN
Under this scheme the indian goverment has targeted these main categories :Employees of central governments |
Employees of state governments |
Defense forces |
Public sector banks |
Public sector enterprises of central government |
Other individuals with pensionable service |
Main Feature Under This Scheme :
In this newly launched scheme by State Bank of India (SBI) named Shaurya Home Loan The persons under Central/ State government/ public sector will get the benefit of repaying the loan over a longer period with the interest rates lower than the usually interest rates in SBI.
- Full waiver of Processing Fee. Out-of-pocket expenditure such as Advocate’s Fee for Legal Opinion, Valuers Fee for Valuation Report, CERSAI and CIBIL charges will continue to remain applicable.
- Benefit of lower interest rate as a concession of 5 bps over the Home Loan Card Interest Rate is available wherever check-off facility is extended by the Government under tie-up arrangement with the Bank.
- Reduced burden of servicing EMIs under the new schemes as lower EMIs would need to be serviced during the post-retirement term. This is because the EMIs to be serviced during the post-retirement term are capped at 50% of the current Net Monthly Income.
- Option for customers of other Banks / FIs to switchover their Home Loan outstanding balance to State Bank of India.
- Extended repayment upto the age of 75 years as against 70 years under normal Home Loan scheme. The maximum loan term, however, shall remain capped at 30 years.
SBI SHAURYA HOME LOAN INTEREST RATE JULY 2017
(WOMEN's)| Borrowers' category | EMI per Lac for 30 year Tenor | Home Loan interest rate, irrespective of loan limit | Maxgain above Rs. 1 crore | Maxgain above Rs. 20 lacs & upto Rs. 1 crore | CRE Maxgain, irrespective of loan limit |
|---|---|---|---|---|---|
Women | Rs. 827 | 20 bps above the MCLR i.e. 9.30% p.a | 55 bps above the MCLR i.e. 9.65% p.a. | 30 bps above the MCLR i.e. 9.40% p.a. | 75 bps above the MCLR i.e. 9.85% p.a. |
(OTHER's)
| Borrowers' category | EMI per Lac for 30 year Tenor | Home Loan interest rate, irrespective of loan limit | Maxgain above Rs. 1 crore | Maxgain above Rs. 20 lacs & upto Rs. 1 crore | CRE Maxgain, irrespective of loan limit |
|---|---|---|---|---|---|
Women | Rs. 827 | 20 bps above the MCLR i.e. 9.30% p.a | 55 bps above the MCLR i.e. 9.65% p.a. | 30 bps above the MCLR i.e. 9.40% p.a. | 75 bps above the MCLR i.e. 9.85% p.a. |
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