State Bank of India offers attractive interest rates on home loans starting from 6.80% p.a. SBI is offering an interest concession of 70 bps with rates starting from 6.70% p.a. And zero processing fees. This offer is valid till 31st March 2021. The loan tenure can be extended up to 30 years, ensuring a comfortable repayment period. The processing fee on these loans is 0.35% of the loan amount (minimum Rs.2,000; maximum Rs.10,000) plus applicable taxes. Women borrowers are also offered an interest concession of 0.05% on SBI Home Loans. No hidden charges and complete waiver of prepayment charges make them one of the most preferred home loan products in the country.
₹
500000
36
months
10
%
Monthly EMI
₹
₹ 32,124.56
Total Interest
₹
10,622.78
Principal Amount
₹
500000
Payable Amount
₹
160,622.78
| Pay No. |
Begining Balance | EMI | Principal | Interest | Ending Balance |
|---|---|---|---|---|---|
| 1 | 150000.00 | 32124.56 | 28637.06 | 3487.50 | 121362.94 |
| 2 | 121362.94 | 32124.56 | 29302.87 | 2821.69 | 92060.07 |
| 3 | 92060.07 | 32124.56 | 29984.16 | 2140.40 | 62075.91 |
| 4 | 62075.91 | 32124.56 | 30681.30 | 1443.26 | 31394.61 |
| 5 | 31394.61 | 32124.56 | 31394.64 | 729.92 | -0.03 |
State Bank of India's housing finance is competitive in the market and comes with various fees and charges, one such being SBI home loan processing charges.
Power of attorney allows one person to give another person the authority to make decisions regarding the person's property, finances and real estate assets. There are two types of Power of Attorney. First, 'General Power of Attorney' where the owner of a property confers 'general' rights. Rights include, but are not limited to, sell, lease, sub-lease, etc. The second is the 'Special Power of Power' in which only a specific authority is given to a person chosen by the owner.
The registration of a property involves affixing the required stamp to the sale deed and paying the registration fee and registering it at the sub-registrar's office of the respective jurisdictional area. If a property is purchased directly from a developer, getting it registered is an act of legal transfer. If the property purchased is a second or third transaction, it includes a duly stamped and registered transfer deed. Nowadays, the property registration process has been completely computerized in most of the states.
It refers to the registration of documents relating to transfer, sale, lease or any other form of disposal of an immovable property. Registration is mandatory for all properties under Section 17 of the Indian Registration Act, 1908. Once the property is legally registered, it means that the person in whose favor the property has been registered is the lawful owner of the premises and is responsible in all respects for the same.
Call Now
Enquiry Now