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SBI Home Loan

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SBI Home loan                     SBI Home Loans is the largest Mortgage Lender in India, which has helped over 30 lakh families to achieve the dream of owning a home. Our Values Trust Transparency Integrity Excellence Value to Customers Wide Product Range Interest Calculation on Daily Reducing Balance Overdraft Facility available Low Interest Rates Low Processing Fees No Hidden Costs No Pre-payment penalty  Presence 24,000+ branches 1600+ member strong dedicated Sales Team Recognitions Winner of the “Best Home Loan Provider “at the CNBZ Awaaz Real Estate Awards 2016 Features & Benefits Packages of exclusive benefits Low Interest rates. Interest calculation on a daily reducing balance. Home loan also available as an overdraft. Optimally utilize your surplus funds. Low Processing charges. No hidden costs.          No Prepayment p...
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PMEGP lOAN

The Prime Minister’s Employment Generation Programme (PMEGP) is a credit linked subsidy programme initiated in 2008. It integrated two earlier schemes, viz. Prime Minister’s Rojgar Yojana (PMRY) and the Rural Employment Generation Programme (REGP) that were working along similar lines to generate employment among the youth. The integration of these two initiatives helped combine urban and rural efforts and resulted in a more unified approach to set up micro enterprises to increase the number of jobs in the country. Under this scheme, the beneficiary has to invest only 5-10% of the project cost while the government provides a subsidy of 15-35% of  the project based on different criteria. The participating banks provide the rest of the funds as term loans to the entrepreneur. We look at this in some detail in the below section. The PMEGP scheme is managed under the aegis of the Ministry of Micro, Small and Medium Enterprises (MoMSME) and the Khadi and Village I...
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What is the best way to pay off a home loan faster?

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I have something better - how you can pay off your home loan and  get your house for free in 20 years. Being Indian is not easy. The societal pressure is, for the lack of a better word, crippling - score better marks than your neighbour’s son in school, get into a good undergraduate college, build your CV and crack very competitive examinations for your post grad, complete your post grad, get a job, get married, start a family, phew ! Which gets us to the last leg of societal checkbox - buy a house. Coming from a middle class family, I understand the pressure. So the least that you can do for yourself is  get that house for free , by making your money work for you. Yeah - you read that right. This can be done by being aware of the concept of compounding, that Einstein called ‘the most powerful force in the universe’ [ Link ] As I’m a classy guy and I like keeping things crisp - let’s get right down to it. Let’s say you’ve chosen an amazing flat in an up & coming ...
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