Check SBI home loan interest rate here to apply now

State Bank of India is the largest public sector bank in India which is popular amongst the generations. Under the loan segment, home loans are one of the most demanding loans that has helped many people buy their dream home. The low-interest rate facility along with the option of flexible tenure gives the opportunity to choose the tenure as per your comfort.

There are many schemes under which the loan is given to salaried as well as self-employed individuals. If you are also planning to buy a home recently or want to balance transfer from another bank, you must read this article.

Here we are bringing to you the detail of SBI home loans like the home loan schemes, interest rates, eligibility criteria, documents checklist, EMI calculator and other related information that you need to know to apply for it.

SBI Home Loan Schemes

  • SBI Hamara Ghar
  • Flexipay Home Loan
  • Maxgain Home Loan
  • NRI Home Loans
  • SBI Realty
  • SBI Pal
  • SBI Tribal-Plus
  • Privilege Home Loan
  • Shaurya Home Loan
  • Bridge Home Loan

SBI Home Loan Interest Rate 2017

At present, the home loan interest rate at SBI is the lowest. If you are a salaried person, you can get the rate of 8.35% to 8.70% per annum (8.35% is the special rate for women applicants only). Other than this, if you are a self-employed professional, the rate ranges from 8.50% to 8.80% per annum (8.50% is the special rate for women applicants only).

Eligibility Criteria


  • Age of the applicant should be between 18-70 Years
  • The annual income of the applicant should be at least ₹1.2 lakhs
  • The maximum loan amount the applicant can get is ₹5 lakhs to ₹1 crores
  • Maximum loan tenure is 30 years
  • The minimum work experience with the current employer should be 2 years


  • Age of the applicant should be between 21-70 Years
  • The annual income of the applicant should be at least ₹2,00,000
  • The maximum loan amount the applicant can get is ₹5 lakhs to ₹2 crores
  • Maximum loan tenure is 30 years
  • The minimum work experience with the current employer should be 3 years

SBI Home Loan EMI Calculator

SBI home loan calculator is that tool that is used to calculate EMI (Equated Monthly Installments) before or after you take the loan. Having said that, the home loan calculator takes into account the loan amount, the interest rates and the tenure period for which you are taking the loan. A borrower can check what payments he will have to make in the future and accordingly decide if the loan is affordable or not. By doing so, there are better chances of making the right decision and hence the payment will be tension-free.

  • Loan amount
  • Tenure
  • Interest rate

Once you have mentioned these details in the calculator, you get the data like the EMI, the total interest outgo, and the total amount (principal+interest). For better understanding, let us take an example with the loan amount ₹20 lakhs with the tenure of 15 years and interest rate of 8.35% p.a.

EMI: ₹19,519

Total interest outgo: ₹15,13,480

Total amount: ₹35,13,480

SBI Home Loan Documents

The list of documents required at the loan application are as follows:

For Salaried:

  • Duly filled loan application
  • 3 recent passport size photographs
  • Identity proof (Voter ID card/Passport/ Driving license/IT PAN Card)
  • Residential proof (photocopy of recent electricity bill/telephone bill/property tax receipt)
  • Proof of business address for non-salaried individuals
  • Bank statement/Pass Book of last three month
  • Signature identification from present bankers
  • Personal Assets and liabilities statements
  • Original salary certificate from employer
  • TDS certificate on Form 16 of IT return for last two financial years, duly acknowledged by IT department

For Self-employed:

  • Duly filled loan application
  • 3 recent passport size photographs
  • Identity proof (Voter ID card/Passport/ Driving license/IT PAN Card)
  • Residential proof (photocopy of recent electricity bill/telephone bill/property tax receipt)
  • Proof of business address for non-salaried individuals
  • Bank statement/Pass Book of last three month
  • Signature identification from present bankers
  • Personal Assets and liabilities statements
  • Acknowledged copies of three years IT return/Assessment orders
  • Photocopies of challans evidencing payment of Advance Income Tax

SBI Home Loan Apply Online

To apply at State Bank of India (SBI) online, you can go to the official website of the bank and then the home loan apply page. Follow the steps, mention the details (both personal and professional), upload the scanned documents and submit your application.

Axis Bank Credit Card Apply Online – Grab your Card Now

This independence day get break from the low bank balances and cash transaction by using the credit cards that offer you the freedom to fulfill your financial goals without any monetary hindrances. Spend up to the limit offered by the issuing bank and repay later. Moreover, win exciting rewards and earn cashback on every payment you make via cc.

axis bank credit card

If still you don’t possess the card then get the one now by enrolling through Axis Bank credit card apply online facility. You can select from the wide range of cards offered by the bank. The multiple credit card proposed are to befit the customer’s lifestyle. The cards provided are as follows:

Axis Bank Credit Cards

Premium Cards– The customer gets the travel benefits on the usage of premium cards. They can earn good reward points and win travel vouchers. The holder can even avail the discounts on dining and movie tickets. The cards offered under this category are:

  • Privilege Credit Card with unlimited travel benefits account
  • Signature Credit Card with Lifestyle Benefitsaxis bank credit card

Privilege-  In case you are a traveller then this card is simply going to blow your mind, as you will be able to enjoy lounge and travel benefits like never before.

  • You will get ten points on Domestic or International spend for each Rs. 200 you spend
  • You have access to selected MasterCard lounges as a complimentary gift
  • You will receive a travel Voucher which will be worth Rs.5000 on Activation

Signature- This card is going to give you various lifestyle benefits and exclusive privileges like membership of Taj Epicure Plan, IndiGo vouchers, Satya Paul vouchers and gift and much more.

  • You will get 10/20 points for each Rs. 200 you spend on International or Domestic purchase
  • You can enjoy 50% cashback on your movie tickets
  • You can get discount on dining up to 20%

MY Cards– The customers have the option to design their own CC with the image of their choice. The customer has the opportunity to win the flight tickets and holiday vouchers worth ₹ 10,000. The MY Cards collection comprises of:

  • MY Zone
  • MY Wings
  • MY Choice
  • MY Business

My Zone– If your world revolves around entertainment, then this card is bound to give you a feel of cheap thrills. Yes, you heard it right. You will be able to enjoy mega offers on entertainment and explore all your fun times with exciting rewards on shopping, dining and movie tickets.

  • You will receive 4 points on each Rs. 200 you spend
  • You can enjoy a cashback of 25% on all your movie ticket bookings
  • You will get 10X eDGE loyalty RPs (reward points) on your weekend Dining

My Wings- This card is simply loaded with mind boggling benefits across different travel mediums, be it, train, air or bus. That’s completely correct, buddy.

  • You can receive 4 points on each Rs 200 you spend
  • You can enjoy Holiday and Hotels vouchers which will be worth Rs. 10000
  • You will get two Complimentary Flight Tickets

My Choice- What if I tell you that you have the provision to design your own card as per your wishes? You will be thrilled like hell, right? You can choose any image of your choice. That’s why the card has been named as ‘My Choice’.

  • You can enjoy a cashback of 5% on any two favourite purchase categories
  • You will get four points when you spend Rs 200
  • It provides you the highest level of security

My Business- This card has been tailor made to offer you exclusive business related travel benefits so that you can take care of your business effectively.

  • You will get 4 points for each Rs 200 you spend
  • You can get a cashback of 20% on your flight tickets
  • You can enjoy hotel voucher of two free nights

Vistara Infinite- Want to feel on the top of this world, then you need to use this card as soon as possible.

  • You will get 6 CV points on each Rs 200 you spend
  • You will get one complimentary Business class ticket as a joining gift
  • You can get up to three 3 Business class tickets along with 10,000 CV points on all your extended spends (terms and conditions apply)
  • You can receive one Business class ticket on your extended spends of Rs 2.5 lakhs, Rs 5 lakhs and Rs 7.5 lakhs each

Vistara Signature- Under this, you are bound to be content and satisfied as it offers you many gratifying offers.

  • You will get 4 CV points on each Rs 200 you spend
  • You will receive one complimentary Premium economy class air ticket as a joining gift
  • You can get up to three 3 Business class tickets along with 3,000 CV points on all your extended spends (terms and conditions apply here)
  • You can receive one premium economy class ticket on your extended spends of Rs 1.5 lakhs, Rs 3 lakhs and Rs 4.5 lakhs each

Vistara- Take a look at the benefits here-

  • You get one complimentary economy class ticket as a joining gift
  • On spend of Rs. 200 you get 2 CV points
  • You can enjoy up to two economy tickets plus 1,000 CV points on your extended spends
  • You can receive one economy ticket on your extended spends of Rs. 1,25,000 and Rs 2,50,000 each

Neo- Want to enjoy unmatched discounts on shopping, mobile recharges and movie tickets? If yes, then you need to start using this card.

  • You can get a cashback of 10% on mobile recharge, movie ticket, Bus booking etc.
  • You can enjoy 2 points on each Rs. 200 you spend
  • You can get a discount of 10 % on Bookmyshow, Myntra, etc

Pride Platinum- Axis bank has specially created this card for the people who serve the country in our armed forces. The benefits are-

  • You can earn four points for every Rs. 200 you spend
  • You can get a waiver in fuel Surcharge
  • You can earn  eDGE Loyalty Reward points worth 1200 each year

Pride Signature- This card is also made to meet the requirements of the defence personnel who are ready to do anything to serve the nation.

  • You can earn four points for every Rs. 200 you spend
  • You can enjoy a discount of 15% at restaurants with the feature of Dining delights.

Co-Branded Cards– Get a card at zero percent joining fee and earn unlimited miles. The miles earned can be redeemed for exciting rewards. The card provided under Co-Branded Card category is:

  • Miles and More

Other Cards– This category lets the user avail multiple benefits. Each card in the collection offers exciting rewards. The user can avail the benefits such as fuel surcharge waiver and luxury lifestyle vouchers. The names are mentioned below:

  • Axis Bank Reserve
  • Insta Easy
  • Platinum
  • Titanium Smart Traveler

How you can get your cc:

To avail the cc just use Axis Bank credit card apply online facility where you can check your eligibility and apply accordingly. After registering, you can know the maximum credit limit you can get on the particular card.

What is Axis Bank Personal Loan Interest Rate 2017?

Axis Bank is one of the leading private banks in India with the facility of affordable rates on loans. The interest rate provided by Axis Bank are customer friendly and each of the product is designed by keeping in mind the financial needs of the customers. Personal loans are unsecured loans at Axis Bank and the eligibility criteria decides the loan amount and the interest rate that you can get. The better your repayment capacity is, the better rate you are most likely to get. Let us know more about the details of the product and maybe if you are also looking for an affordable personal loan, this can be the right destination.

Axis Bank Personal Loan Interest Rate 2017

The interest rate is one of the lowest interest rates on a personal loan and presently ranges from 15.50% to 24% per annum.

Axis Bank loan calculator

EMI or equated monthly installment calculated with the help of the tool called loan calculator. This calculator is used to pay off both the interest and principal each month for a particular period of time that is the loan tenure. This tool works on the basis of the following details:

  • Loan Amount
  • Tenure
  • Rate of Interest

Let us suppose that you have applied for a Axis Bank personal loan  and want to check your future so as to be prepared for the payment and manage your finances accordingly. Your loan amount is ₹15 lakhs, the tenure of 5 years and has been offered the interest rate of 15.50% p.a. by Axis Bank that is:

  • Loan Amount- ₹15,00,000
  • Tenure-5 years
  • Interest Rate- 15.50% p.a.

The payments from your end will be as follows:

EMI: ₹36,080

Total Interest Outgo- ₹6,64,787

Total Amount (Interest + Principal) – ₹21,64,787

Axis Bank Personal Loan Apply

The process of applying for this loan very simple. All you have to do is just click on the apply online option on the bank’s website. But before you go for the same, below are the few things that you should always keep in mind.

  • Check Your Eligibility: The amount and rates are offered after closely observing the overall profile of the applicant. So, before applying for this credit, it would be advisable to calculate your eligibility for the maximum loan amount with the help of the personal loan eligibility calculator.
  • Apply Online: You can apply online as well and get the instant approval without any hassle.
  • Apply Offline: Those who are not comfortable in applying online can follow the offline procedure as well to avail this credit facility being offered by this lender.

Axis Bank Personal Loan Eligibility-

The eligibility criteria for Axis Personal Loan is as follows:


  • Maximum age of the applicant must be 58 years
  • Minimum Net Monthly Income should be ₹15,000
  • Maximum loan amount is ₹15 lakhs
  • Minimum service period with current employer should be 1-year
  • Good CIBIL score


  • Minimum age of the applicant should be 24 years
  • Maximum age of the applicant must be 65 years
  • Minimum Net Annual Income should be ₹2 lakhs
  • Maximum loan amount is ₹15 lakhs
  • Minimum work experience in current Business or Profession should be 3 years
  • Good CIBIL score

Documents Required-

The list of documents that you must have to get a personal loan from Axis Bank is as follows:


  • Signed loan application form with recent photographs
  • Age Proof-Passport Copy/PAN Card/ Voter ID card, Photo Driving License with birth date (laminated, recent, legible)/Photo ration card with DOB/Employer certificate/ID/School/College Leaving Certificate Identity Proof-Passport/PAN Card/Voter ID Card/Driving License
  • Address Proof-Ration Card/Driving License/Voter ID Card/Passport/Telephone Bill/Electricity Bill/Life Insurance Policy
  • Income Proof-Salary slip of last 3-6 months, ITR or Form 16, 6-month bank statement
  • Signature Verification Proof-Driving License/Passport copy/PAN Card
  • Duly signed loan agreement
  • Standing Instruction (SI) Request / ECS Form / Post Dated Cheques (PDCs)/ Security Cheques required for SI and ECS


  • Signed loan application form with recent photographs
  • Age Proof-Passport Copy/PAN Card/ Voter ID card, Photo Driving License with birth date (laminated, recent, legible)/Photo ration card with DOB/Employer certificate/ID/School/College Leaving Certificate
  • Identity Proof-Passport/PAN Card/Voter ID Card/Driving License
  • Address Proof-Ration Card/Driving License/Voter ID Card/Passport/Telephone Bill/Electricity Bill/Life Insurance Policy
  • Income Proof-IT returns for the last 2 years along with audited balance sheet, P&L account statement for 2 years
  • Signature Verification Proof-Driving License/Passport copy/PAN Card
  • Duly signed loan agreement
  • Standing Instruction (SI) Request / ECS Form / Post Dated Cheques (PDCs)/ Security Cheques required for SI and ECS

Get All the Latest Updates of Reliance Mutual Fund NAV Here

reliance mutual fund

When it comes to investing in mutual funds, not many people agreed for the same so easily. Yes, many people still have that perception that investing in MF is like putting your money at risk. Well, just because the funds/schemes don’t come with surety, they are performance oriented and fluctuate on a daily basis.  As a result of which, the money invested also have the possibility to go downfall. But, this is also true that with the change in time, the perception of people towards MF has also changed a lot, hence they have started investing their hard earned money freely in Reliance mutual fund NAV.

Yes, you read that right! Being India’s leading and fastest growing mutual fund houses, it would not be wrong to say that RMF gives you plenty of reasons to invest. Today it is the preferred choice of millions of progressive investors, allows you to take a smart decision. This company with its various funds right from equity, debt, liquid to gold gives you a wider prospect to grow the money. So, let’s just dig into the all one-by-one.

Equity Funds

They can give you one of the higher returns as compared to other investment options. They are considered as ideal for those investors who are having commensurate risk appetite along with long-term time investment horizon. Talking about Reliance mutual fund offers various Equity schemes with different NAVs, whose value changes daily. Let’s take a look few of its popular equity funds below.

Reliance Banking Fund:

  • NAV as on 25 July,2017: ₹ 257.90
  • Returns Since Inception:25.77%
  • Minimum Investment: ₹5,000 for lumpsum
  • Started on: 26 May,2003
  • Top Sectoral Holdings:HDFC Bank(21.06%), ICICI Bank (14.03%), SBI(9.30%), Reliance Capital (5.66%), IndusInd Bank (5.35%), Yes Bank (4.13%), ICICI Prudential Life Insurance (3.87%), Federal Bank (3.80%), Muthoot Finance (2.85%), GIC Housing Finance (2.40%)

Reliance Growth Fund:

  • NAV as on 25 July,2017: ₹ 1,070.57
  • Returns Since Inception:23.90%
  • Minimum Investment: ₹5,000 for lumpsum
  • Started on: 8 October, 1995
  • Top Sectoral Holdings:UPL Ltd (6.45%), SBI(4.64.%), HCL Technologies(4.52%), ,Muthoot Finance (4.40%), ICICI Bank (4%), HDFC Bank (3.16%), (2.85%), Birla Corporation Limited (3.05%), Grasim Industries (2.98%), Tata Steel(2.53%), HSIL Ltd.(2.36%)

Debt Funds

They are mainly invested in a mix of debt or fixed income insecurities Talking about the returns, in debt funds returns are comprises of Interest Income and Capital Appreciation/ Depreciation in the Value of the Security due to Changes in Market Dynamics

Take a look below to know about some of the best debts funds.

Reliance Corporate Bond Fund:

  • NAV as on 25 July,2017: ₹ 13.59
  • Returns Since Inception:10.45%
  • Minimum Investment: ₹5,000 for lumpsum
  • Started on: 26 June, 2014
  • Top Sectoral Holdings:Reliance Ports and Terminals (5.82%), Idea Cellular Ltd (4.52.%), Nirma Ltd (3.75%), LIC Housing Finance (3.51%), Vodafone Mobile Services Ltd (3.46%), Panchshil Corporate Park (2.67%), Indian Railway Finance (2.67%), HDFC Bank (2.47%), Reliance Utilities & Power Ltd(2.25%) ,Bank of Baroda (2.18%)

Reliance Banking and PSU Debt Fund:

  • NAV as on 25 July,2017: ₹ 12.16
  • Returns Since Inception:9.32%
  • Minimum Investment: ₹5,000 for lumpsum
  • Started on: 15 May, 2015
  • Top Sectoral Holdings:Axis Bank Ltd. (8.87%), Export Import Bank of India (8.83%), Nirma Ltd (3.75%), HDFC Bank (6.56%), ONGC Petro Additions (5.97%), ICICI Bank (5.03%), Bank of India Ltd (4.77%),Indian Railway Finance Corp(3.81%) ,GOI (3.41%)

Hybrid Funds

It is a type of mutual fund category, categorized by a portfolio, made up of a mix of stocks and bonds, which can vary proportionally over time and can also remain fixed.

Reliance Regular Savings Fund Balanced Plan

  • NAV as on 25 July,2017: ₹ 52.29
  • Returns Since Inception:14.60%
  • Minimum Investment: ₹500 for lumpsum
  • Started on: 8 May, 2005
  • Top Sectoral Holdings:HDFC Bank Ltd. (7.90%), Grasim Industries Ltd.(5.46%), Reliance Industries Ltd(3.77%), Tata Capital Financial Services (3.31%), Infosys Limited (3.30%), ICICI Bank (3.06%), Induslnd Bank (3%),Larsen & Toubro (2.77%) ,Maruti Suzuki India (2.75%)

So, now after reading the article so far, I guess you must have known the Reliance mutual fund NAV, hence can invest smartly after going through the above shared data.


Disclaimer – Mutual Funds are subject to market risks. Please read the scheme related documents carefully before investing.


Everything You Wanted to Know About Mutual Fund NAV is Explained Here

The uptrend of inflation, coupled with the uncertainties of life make one think seriously of the ways by which they can secure themselves against such circumstances. When you start thinking about that, you begin to cut down on your daily expenditure to save for the future. But that’s not gonna help you a great deal. Yes, you heard it right! It’s about investing the money at the right place to get the right result.

mf nav

The investment is greatly dictated by the financial goals you may have. So, if you want to make your daughter’s marriage a memorable one or require a huge surplus money to let your child get the degree from prestigious educational institutions, mutual funds can be a messiah to achieve such goals in many ways.

Mutual funds can be described as a pool of money collected from investors of different classes. The collected money is invested in equities, bonds, money-market instruments and other securities by the fund managers, who are hired by the Asset Management Company (AMC), to diversify the risk element pertaining to your investment.

Like the variation in stock price on a daily basis, mutual fund prices also change that way. There is a specific term to a mutual fund price, and which is Net Asset Value (NAV). It indicates the price at which the fund units can be bought and sold on the date of the instance. Let’s have a complete study of the mutual fund NAV here.

What is NAV of a Mutual Fund?

The NAV is the figure that arrives after deducting the liabilities from the assets of a fund. While assets mean the market value of investments as well as other assets like unamortized expenses, the liabilities consist of registrar fee, custodian fee, marketing fee, operating expenses, distributor commission and others. You can check out the formula below to calculate the NAV of a fund.


        Number of outstanding units on a particular day

Due to the dynamism of mutual funds, the NAV keeps changing during the trading hours due to the constant change in the underlying holdings such as stocks. In the case of open-ended funds, NAV doesn’t actually mean overpricing or underpricing of the scheme. The higher NAV of a fund does not mean it is expensive compared to the one with a lower NAV. So, what’s that balances things out for the mutual fund investors at the times of variation in NAV? Any guesses, folks? No! It’s the rupee-cost averaging factor that allays these concerns. In the event of falling NAV, the scheme buys more units and fewer units when the prices go up. In this way, the average cost of the investment reduces over time.

Use of NAV in Return Calculation of MF Scheme

The return of a mutual fund scheme is contingent on the existing, previous or historical NAV. The formula for the same is shown below.

Return=Existing NAV-Previous or historical NAV x 100

            Previous or historical NAV

Assume Existing NAV and previous NAV equal to ₹30 and ₹24, respectively.

Return=30-24 x 100



This is not the end of the calculation as it also takes into consideration the days, months and years. The formula will get further revised to the following ways-

Existing NAV-Previous or Historical NAV x 100 x 365

Previous or Historical NAV x number of days

Existing NAV-Previous or Historical NAV x 100 x 12

Previous or Historical NAV x number of months

Existing NAV-Previous or Historical NAV x 100 x 1

Previous or Historical NAV x number of years

Now if the investment period remains 300 in days, 7 in months, or 6 in years, what would be the return in all these circumstances?

Return As Per Day Formula

30-24 x 100 x 365


=30.41% (Approx.)

Return As Per Month Formula

30-24 x 100 x 12


=42.86% (Approx.)

Return As Per Year Formula

30-24 x 100 x 1


=4.17% (Approx.)

Compounded Annual Growth Rate (CAGR)

The return can also be seen through the formula of CAGR, which is right under your eye line.

Return=(Current NAV/NAV at the time of purchase)/(365/no of days or (1/no of years)-1

For Example-While purchasing an MF scheme, the NAV stood at ₹12 per unit. Now, the NAV has risen to ₹25 after 3 years. In that case, the return as per CAGR will come out to be 27.72%

So, how’s been the learning of mutual fund NAV? I hope you would have deciphered the aspect very well by taking a cue from the formulae shown all the way through the article. Remember, the strategy of your mutual funds investment portfolio depends greatly on your financial goals and investment horizon. Goals, which require a huge surplus money, would need a long-term investment in mutual funds to get fulfilled. So, have a long-term investment strategy in place to accomplish your goals in the earnest.

Aditya Birla Finance Business Loans- Makes Funding Easy

Running a business is a difficult task. One requires many assets as well as facilities to run an entity properly. One have to continuously think about its survival and growth. For startup or growth, financial need are mandatory. Money is required for expanding operations, to buy new assets or equipments or stock or to increase the working capital.

Aditya Birla Finance Business Loan is one of the best way to fulfil all the financial needs of the enterprise. It is one the most reputed banking institution of India. has a unique offering that it funds the entity without any security. It is a customized financial solution for small, medium and big size enterprises. It is a preferred choice of every businessman as it offers fixed interest rates throughout the loan tenure.  

aditya birla business loan

The Aditya Birla FInance business loan is available for the entities which  needs funds to increase the production or to purchase new assets like machinery, land, buildings, computers, etc. The credit is available for the maximum amount of 1 crore INR. The maximum tenure is 4 years which is a very good period for an individual. The processing fee is of 1.5% of the credit amount is being charged by the institution. It provides a very attractive interest rates which is between 18.5% to 22 % per annum.

Features of Aditya Birla Finance Business Loans

  • Unsecured loan: This bank provides unsecured loans which is an advantage for the individual. There is no need for any collateral security against the credit.
  • Fixed Interest Rates: The interest rate will not change throughout the credit tenure. The applicant will pay the interest at the same and fixed rate during the whole time period of the credit.
  • Minimum Loan Amount: The Minimum credit amount offered by the financial institution is 5 lakhs INR.
  • Maximum loan amount: The maximum loan amount offered by this banking institution is upto 1 crore INR. This is a good amount for any small, medium as well as large size enterprise.
  • Loan Tenure: The credit offered by the bank is between 12 months to 48 months( 4 years) which is compatible for every individual.
  • Interest Rates: The interest rates charged on Aditya Birla finance Business Loans are very much liable for an individual. The rate of interest lies between 18.5% per annum to 22 % per annum.
  • Processing fee: Processing fee charged by the institution is comparatively very low. It is just 1.5 % of the amount of credit.
  • Repayment Options: There is a fixed repayment option. One can repay the credit amount through ECS (Electronic Clearing Service) or NACH ( National Automated Clearing House).

Eligibility for Aditya Birla Finance Business Loans

  • Category: Any Salaried employee of government or private corporate, self employed entrepreneurs, traders, Individual entities, non individual entities, manufacturers, companies can apply for the credit in the bank.
  • Age: Minimum age criteria for the salaried employee and self employed is 27 years. Maximum age criteria for the salaried employee is 60 years and for self employed maximum age is 65 years for the eligibility.
  • Working experience: The minimum current working experience for the salaried employee should of 2 years and for the self employed the minimum current working experience should be of 3 years that the applicant should be working in the same entity for the given time period.
  • Income: Minimum income of a salaried employee should be 2 lakh per annum.To be eligible for the credit, minimum income of a self employed should be 2.5 lakh per annum.
  • Credit history: Clear repayment history in all the running or previously closed credits is mandatory for the eligibility of the credit.

EMI calculator

EMI is simply the monthly amount that applicant have to pay to the bank in order to clear the credit. This institution provides fixed EMI rate. For the calculation of EMI, EMI calculator is the easiest and simplest way. The calculator provides relief from the complications of calculations and gives accurate result in very less time. With the help of EMI calculator the applicant can know the exact amount he have to pay to the bank. The applicant need to enter the principal amount. After that tenure of the credit is being entered with the rate of interest in the calculator. Then the calculator will compute the EMI amount and give the applicant an approximate idea for the credit installment.

Documents Required For Aditya Birla Finance Business Loans

  • Proof of Identity: Passport copy / Voters ID card/ Driving License/ PAN card
  • Address proof: Ration card/ Telephone Bill/ Electricity Bill/ Rental agreement/ Passport copy/ Bank passbook or statement/ Driving License
  • Age proof: PAN card/ Passport/ my other certificate from a statutory authority
  • Proof of business existence
  • Audited financial and Income Tax Returns Filed for last two years from date of application
  • Bank statement for the last  6 months
  • Application from with a recent passport size photograph

SBI Car Loans – Drive Happiness Home

Money cannot buy happiness , but it can sure buy you your dream car , which is close enough for buying your happiness. If you want to buy a car and don’t have funds, then now you don’t have to wait for months and years. India’s largest government owned bank SBI  offers  the best deal for financing your new car and turning your dream into reality easily with lowest interest rates, lowest EMI, minimal documentation and quick disbursement of car loans.


SBI car loans can be offered for  the longest time periods i.e. 7 years. SBI also provides finance for both  new cars as well as old cars. But it does not provide loans to more than five yr old cars.  Loan amount from SBI includes one time road tax, registration fee and insurance premium also.

Additionally SBI provides free Personal Accident Insurance up to the outstanding amount, so that in case  of accidental death, your family and relatives are not required to pay the loan.

SBI Car Loans Interest Rates

The interest on SBI car loans is charged  at a certain rate and this rate can be either fixed or vary according to the market fluctuations. In fixed interest rate loans, the interest remains  the same for the entire tenure of the loan. In Floating interest rate loans, the interest rate keeps changing with the change in base rate of the loan. The car loans interest rates are calculated on a reducing balance with monthly rests.

The SBI car loans interest rates  for a new car for any tenure are 9.70% per annum for men and 9.65% per annum for women. Interest rates for an old car loan are much higher than  the interest rates on a new car loan.

For pre-owned certified cars, the car interest rates for any tenure are  10.40% to 12.65% per annum  for  men and 10.40% to 12.65% per annum  for women.

Factors Affecting SBI Car Loan Interest Rates

  • Car model and age: The vehicle itself is considered as collateral and is pledged as surety for the loan to the bank for the loan tenure in a car loan. The older the car, higher will be the car loan interest rate according to the aspects of a car’s market value.
  • Income: Income of the applicant  helps the bank to figure out the time that applicant need to pay back the loan. Lower income of the applicant decreases the probability of pay back and hence the bank has more confidence in  repaying abilities .
  • Credit History: Higher credit score helps in getting the loan as well as empowers the applicant with a strong bargaining power.
  • Loan  tenure:  Higher interest rates are charged for a loan  of shorter time period and low interest rates are charged for higher time period.
  • Loan size and down re-payment:  Lower interest rates  are charged for the higher down payments. Higher interest rates are charged for small cars and used cars.

Eligibility Criteria

  • Category: Regular government employee, public sector undertaking, private company or corporation, self employed businessmen, professionals, any partnership firm and people involved in agriculture and its allied activities are eligible for SBI  car loans.
  • Income: Any regular government or private corporation employee with minimum net income of 3,00,000 INR per annum; any professional and self employed businessman with minimum net profit or gross taxable income of 4,50,000 INR per annum and any person involved in agriculture  with net annual income of 4,00,000 INR can apply for the  SBI car loans.
  • Age: The applicant must lie in the age bracket of 21 to 65 years  to avail SBI car loans.

Maximum Loan Amount

Maximum SBI car loans amount for any regular government and private corporate employee is 48 times of net monthly income. For professionals and self employed businessmen the maximum SBI car loans amount is 4 times net profit or gross taxable income as per ITR after adding back depreciation and repayment of all existing loans. For people involved in agriculture and allied activities  the maximum loan amount is 3 times of net annual income.

Documents  Required

  • Statement of bank account for last 6 months
  • 2 passport size photographs
  • Proof of identity: copy of passport/ PAN card/ voters ID/driving license etc  
  • Address proof: copy of ration card/ voters ID/ passport/ telephone bill/ electricity bill/ life insurance policy
  • Income proof: latest salary slip and form 16 for government or private corporate employee and ITR for last 2 years for self employed businessmen or professionals
  • Returns or Form 16 for the last 2 year

The EMI can be calculated also be calculated through a formula i.e


Where , P = loan amount, this should be 85%  on road price

              r=  rate of interest

              n = tenure in months, for SBI it is 84 months

Before finalizing the lender, one should not only compare the rate of interest or EMI but also calculate the total amount payable. SBI charges 0.51% of loan amount as processing fee on Certified Pre- owned car loan . the minimum processing fee is 510 INR and the maximum payable amount is 10,350 INR.

Another attractive feature of SBI car loans is that one have to pay any advance EMIs that means there is no need to pay any amount as EMI prior using the car.


Check All Banks Home Loan Interest Rates here

Home loan is a long term commitment wherein the borrower is concerned about the interest rate as it decides the EMI that he/she will have to pay. To apply for a home loan, the applicant must match the eligibility criteria set by the bank or NBFC.

best home loan

Once you are eligible for a housing loan, there are certain factors that decide how much loan amount and what will be the rate of interest applicable you will get. The better the overall profile of the applicant is, the higher is the chance to get a lower rate and a higher loan amount. Below are the home loan interest rates offered by top banks in India where you can apply.

Home Loan Interest Rates in Top 5 Banks

  1. State Bank of India- 8.35% p.a. onwards
  2. ICICI Bank- 8.35% p.a. onwards
  3. Axis Bank- 8.35% p.a. onwards
  4. HDFC Bank- 8.35% p.a. onwards
  5. Bank of Baroda- 8.35% p.a. onwards

Home Loan Eligibility Criteria

The eligibility criterion is subject to change from one lender to another and from one applicant to another. The general criteria for a home loan is as follows:

For Salaried:

  • The age of the applicant must be between 21-60 years
  • The minimum annual income of the applicant should be ₹1,20,000
  • The applicant must have the work experience of at least 2 years

For Self-employed:

  • The age of the applicant must be between 21-65 years
  • The minimum annual income of the applicant should be ₹1,50,000
  • The applicant must have the business stability of at least 3 years

Factors affecting home loan eligibility  

To get a home loan you need to fulfill the home loan eligibility criteria asked by the lender. It is very important to know the details of the eligibility criteria because these are the parameters used by the lender to know if you will be able to repay the loan amount and EMI or not. in order to get sanction of a home loan amount, the eligibility criteria required are –

Age- The minimum age required is 21 years at the time of application and the maximum age required is 58 years at the time of loan maturity. It is one of the important criteria as your age reveals the number of years one has to repay the loan. For example- if you are 25 years old then ideally you have 20-25 years for repayment while the same reduces to 10 years if you are in your 50’s. The less your age the chances of the approval of your application is more.

Nature of Job– The applicant needs to be a salaried individual or self- employed/ professional.

Monthly Income– The monthly income of the applicant is necessary for the lender to know how much you earn to determine the loan amount that can be granted and your capacity to pay the monthly installments.

Job Stability– The frequency of your job shift reflects on your application and chances of availing a home loan depends on it. It is highly important that you have a stable career and minimum work experience with the current organization is at least 1 year for the salaried individual. And for the self- employed, minimum of 3 years in the current business/ profession is important.

Personal Profile of the applicant– The personal details of the person like the number of dependents, the number of bank accounts you hold etc is also necessary.

CIBIL Score– The credit history of the applicant is very important factor to avail a home loan. The CIBIL Score of the applicant should be 700 and above otherwise the chances of approval of application decreases. A bad credit score or no credit history can also decrease your chances to get a home loan.

Type of Property– The attributes of the property is also very important to get a home loan.  The overall cost of the property, disputes related to it (if any), the carpet area of the property, etc. are important things that a lender look into before sanctioning the loan amount

Thus, with the details of all banks home loan interest rates and the general eligibility, you must have got the idea of how and where can you apply.

Know your SBI Unnati Credit Card Eligibility before Having your Own Card

Getting a credit card of your own choice requires your past credit history evidence to be shown to banks, without which you are not eligible to have your own card. As compared to this instance, there are many banks, rejecting scores of credit card applications simply because of lack of evidence for showing any credit history of their own. For fulfilling this demand gap, State Bank of India has come up with a special card known as SBI Unnati Credit Card for those customers whose instant financial needs can easily be fulfilled.


The customers no longer have to exert for not having a credit history as the bank provides this credit card without such repayment history. The additional benefit is that customers no longer have to pay the subscription fee for the first four years. Moreover, the renewal fee of ₹ 499 has to be paid by the customer from the fifth year onwards. Overall, these kinds of benefits make SBI Unnati credit card cost-effective and which can even transcend the benefit to middle-class customers across India.

SBI Unnati Credit Card Features and Eligibility

  1. The borrower is required to possess a minimum balance of ₹ 25,000 in order to become eligible for SBI Unnati Credit Card. You can access these cards across 20,000 bank branches in the country.
  2. The borrower with the required minimum balance and those who wish to avail this card, shall obtain it without any credit check. They will enjoy these advantages irrespective of their credit score.
  3. The borrower doesn’t require to shell out any fee to obtain this card. It will have zero annual fees for the first four years.
  4. SBI Unnati Credit Cardholders will get adequate benefits. For example : 1 Reward point for every ₹ 100 spent. They can further redeem some gifts with such reward points from the gifts catalogue.
  5. The borrower will obtain fuel surcharge waiver across different petrol pumps in India. Also, if you obtain a particular annual milestone in spending, then you will obtain a specific amount of cash back.
  6. For every ₹ 50,000 spent, you will obtain ₹ 500 cash back at the end of the year. There are also other such milestones which shall be introduced and revealed.
  7. If you choose Flexipay facility, it becomes very much easy to purchase things in EMI. Use this credit card when you purchase things online and make payments in EMI.

SBI Unnati Credit Card Charges

  1. Extended Credit
  • For retail purchases, you will be getting 20 to 50 days interest fee credit period and such periods will be appropriate if you have cleared your previous months’ outstanding balance.
  • The service charges would be applicable upto 2.50% per month which amounts to 30.0% per annum from the transaction. These charges are also called as finance charges.
  • SBI Unnati Credit Card offers 5 % of the total outstanding (minimum ₹ 200 +all applicable taxes+EMI(in case of EMI based product)+overlimit amount(if any)) amount as when the minimum amount becomes due.
  1. Cash Advance Limit
  • It offers up to 80% of credit limit with a maximum of ₹ 12,000 per day.
  • 2.50% per month would be a charged for the amount withdrawal, subject to 30.0% per annum from the withdrawal date.
  1. Cash Advance Fees
  • For using SBI ATMs or other bank ATMs, 2.5% of the transaction amount is levied based on a minimum amount of  ₹  300.
  • For using International ATMs, 3% of the transaction amount is levied based on a minimum amount of ₹ 300.
  1. Other Charges
    • ₹ 90 will be levied for picking up cheques for SBI Unnati Credit Card.
    • 2% of the payment amount will be levied as a payment towards dishonour fee, subject to a minimum amount of ₹ 350.
    • ₹ 100 per statement will be payable for gaining access to your statements of SBI Unnati Credit Card which are two or three months old.


  • ₹ 225 per retrieval of the slip will be charged towards SBI Unnati Credit Card.


  1.  Card Replacement

₹ 100 will be charged for substituting SBI Unnati Credit Card.

  1. Late Payment
  • If your total amount falls due from ₹ 0 to ₹ 200 on your SBI Unnati Credit Card, you won’t be charged with anything.
  • If your total amount due goes beyond ₹ 200 to upto ₹ 500, prepare yourself to pay ₹ 100.
  • If your  total amount due goes beyond ₹ 500 and upto ₹ 1,000, the SBI charges ₹ 400 on it.
  • If your  total amount due goes beyond ₹ 1,000 and upto ₹ 10,000, the credit card company charges ₹ 500.
  • If your  total amount due goes beyond ₹ 10,000, the card company charges ₹ 750.
  1. Overlimit

An overlimit amount of upto 2.5% is provided on SBI Unnati Credit card subject to a minimum of ₹ 500.

How to apply for SBI Unnati Card?

By maintaining a minimum of ₹ 25,000 balance in your savings account, you can apply for SBI Unnati Credit Card. If you maintain such limit in your regular savings account, you can visit your nearest SBI branch with your Aadhaar number for submitting your KYC details. Later on, you will obtain your card within seven business days.

What Does GST Tax Slab Rates List 2017 Mean for Your Children?

Both Pulkit and Samrit aged 6 years and 8 years, respectively, are friends and love to play games with each other. They study in the same school and reside nearby. A little earlier from now, they were happy playing ‘Hide and Seek’, Cricket, etc. But as the season of Monsoon is on the upswing, they have been greatly devoid of the joy because of the rains that have poured into their residence area of late. So, they are contemplating a change in their daily dose of entertainment by shifting to Indoor games like Ludo, Carom Board and others. But their parents, who sit on a tight budget, are not sure about the expenses to be borne by them to buy such playing instruments in the face of GST tax slab rates list 2017 implementation.

GST Tax Slab Rates List 2017

As you all know, the Goods and Services Tax (GST) has made its way to India on July 1, 2017, when the Prime Minister Narendra Modi launched the much-awaited indirect tax reform in the Central Hall of Parliament. By doing so, he has added a new chapter in India’s growth story in which the Genext will have a major role to play. Children of today’s generation are quite sharp and can think beyond the realms of normal imagination. But at the same time, the parents need to ensure they get the full dose of their entertainment, yet keeping their studies unaffected by the same. So, let’s find out where the lovely goodies of the country’s future lie on the GST table.

GST Tax Rate of 12% on Indoor Game Instruments

Much speculations were revolving around the rates to be set on various goods and services. Suggestions were pouring in from various quarters-industry bodies, wholesalers, retailers and others. Keeping a look at the overall economic prospects, the GST Council decided to levy four different rates of 5%, 12%, 18% and 28% on several goods and services. When it comes to indoor game instruments, the council had initially set 28% GST tax rate, raising concerns for the parents wanting their child to play but at a budgeted cost. Finally, it was decided that a 12% levy will be applicable to games like Ludo, Carom Board, Chess, and other games. A reduction of 16% tax from the earlier decision would have definitely boosted the confidence of many households.

Why Are These Games So Important?

The indoor games like Chess and Carom Board do a lot to strengthening the brain of the children. Particularly chess, where you need a power-pack strategy to outclass your opposite number in a battle of many twists and turns that unfold in the game. And there is no harm in letting your child play the indoor games on a regular basis as it will help his/her concentration a great deal. The concentration, which your children gain from these games, can be transpired into their studies. With better concentration, one is expected to show improved academic results, further boosting the career opportunities for your children.

What Actually GST is?

GST is the new indirect tax reform launched to replace the previous regime of multiple taxes charged by both the Centre and the state governments. A dozen of taxes like service tax, VAT, sales tax, octroi and others of the past is now replaced with GST. The previous tax regime was complicated both in terms of number of tax incidence as well as their norms which many in the business circles struggled to decipher. The ease and simplicity of GST tax slab rates list 2017 is a clear indicator of the country’s move towards streamlining its tax structure.

So, the parents of Pulkit, Samrit and others, hopefully, would be able to embrace the GST tax rates on indoor games with ease. Let your children play with flair in the GST era…