HOME LOAN CPMPARE.SBI

SBI - Home Loan Residential House Home Loan

The bank offers home loans for purchase and/or construction of house property as well as plot loans. It offers loans for buying resale property and extension/ repair/ renovation/ alteration of an existing house. The bank offers loans schemes known as 'Prashasan Plus', 'Teacher Plus' and 'Oil Plus' to Government Employees, Teachers and employees of public sector oil companies etc at consessional rates.

Initial Interest Rate

8.0

Average Interest Rate

8.94

Loan Eligibility

32 to 36.3

Emi

48,531

Tenure

10

Co Applicant

Father, Mother, Spouse

Tenure

10

Age

47

Processing Fee

0.5% of the loan amount

Upfront Fee

DNA

Documentation Charges

DNA

Prepayment Charges

If paid from own source- Nil, in other cases- 2% on principal amount prepaid.

Charge for Changing Fixed to Floating

DNA

Charge for Changing Floating to Fixed

DNA

Over Draft

No

Late Payment Charges

DNA

Fees for Duplicate No due certificate

DNA

Cheque Swapping Charge

DNA

Duplicate Repayment Schedule

DNA

Cheque Bounce Charge

DNA

Document Retrieval

DNA

Statement Charge

DNA

Interest Rate forYear 1Interest Rate forYear 2-3Interest Rate forYear 4-20Average Interest for10 years

8%9%9.35%8.94%

YearsInterest Rate(% p.a.)EMI(Rs. Per Month)Principal Paid(Rs.)Interest Paid(Rs.)OutstandingPrincipal(Rs.)

1848,5312,72,2093,10,16237,27,790

2950,4852,81,7543,24,06634,46,035

3950,4853,08,1852,97,63631,37,850

49.3551,0443,33,1802,79,35028,04,670

59.3551,0443,65,7022,46,82824,38,967

69.3551,0444,01,4002,11,13120,37,567

79.3551,0444,40,5811,71,94915,96,985

89.3551,0444,83,5881,28,94211,13,397

99.3551,0445,30,79281,7385,82,604

109.3551,0445,82,60429,9260

Effective Rate Calculation

Interest Rate forYear 1Interest Rate forYear 2-3Interest Rate forYear 4-20Average Interest for10 years

8%9%11.10%9.71%

YearsInterest Rate(% p.a.)EMI(Rs. Per Month)Principal Paid(Rs.)Interest Paid(Rs.)OutstandingPrincipal(Rs.)

1848,5312,72,2093,10,16237,27,790

2950,4852,81,7543,24,06634,46,035

3950,4853,08,1852,97,63631,37,850

411.1053,8933,14,0713,32,64128,23,778

511.1053,8933,50,7622,95,95024,73,015

611.1053,8933,91,7402,54,97220,81,275

711.1053,8934,37,5052,09,20716,43,769

811.1053,8934,88,6171,58,09511,55,151

911.1053,8935,45,7001,01,0136,09,451

1011.1053,8936,09,45137,2610

PNBPunjab National Bank- Festive offer (Floating) Residential House Home Loan

The bank offers loans for construction or purchase of house/ flat. It also provides loans for purchase of house/ flat on First Power of Attorney basis from the original allottee. It can also be used for carrying out repairs/ renovations/ additions/ alterations to existing house/ flat. To cover the loan outstanding, life Insurance cover is also available on payment of one time premium which can also be financed by the Bank. The bank offers loans at both fixed and floating interest rates for NRIs and Indians.

Initial Interest Rate

8.5

Average Interest Rate

8.95

Loan Eligibility

23 to 32

Emi

49,594

Tenure

10

Co Applicant

Brother, Father, Mother, Spouse, Son

Tenure

10

Age

47

Processing Fee

Nil

Upfront Fee

Nil

Documentation Charges

Nil

Prepayment Charges

If paid from own source- Nil, in other cases- 2% on principal amount prepaid.

Charge for Changing Fixed to Floating

DNA

Charge for Changing Floating to Fixed

DNA

Over Draft

No

Late Payment Charges

DNA

Fees for Duplicate No due certificate

DNA

Cheque Swapping Charge

DNA

Duplicate Repayment Schedule

DNA

Cheque Bounce Charge

DNA

Document Retrieval

DNA

Statement Charge

DNA

Effective Rate Calculation

Interest Rate forYear 1-3Interest Rate forYear 4-10Average Interest for10 years

8.5%9.5%8.95%

YearsInterest Rate(% p.a.)EMI(Rs. Per Month)Principal Paid(Rs.)Interest Paid(Rs.)OutstandingPrincipal(Rs.)

18.549,5942,65,3093,29,82237,34,690

28.549,5942,88,7603,06,37134,45,930

38.549,5943,14,2832,80,84731,31,646

49.551,1843,30,8562,83,34628,00,790

59.551,1843,63,6932,50,50924,37,097

69.551,1843,99,7882,14,41420,37,308

79.551,1844,39,4661,74,73615,97,841

89.551,1844,83,0821,31,12011,14,758

99.551,1845,31,02783,1755,83,730

109.551,1845,83,73030,4720

LIC

IC Housing Finance Residential House Home Loan

This housing finance company offers home loans for Resident and Non-Resident Indians as well as pensioners. Loans are available for purchase of property (resale/new), construction and repair of existing property and plot loans. The bank also offers the facility of Step-Up EMI. The housing loan scheme is known as 'Griha Prakash'.

Initial Interest Rate

8.75

Average Interest Rate

8.75

Loan Eligibility

22 to 32

Emi

50,131

Tenure

10

Co Applicant

Father, Mother, Brother, Sister, Son, Daughter, Spouse

Tenure

10

Age

47

Processing Fee

1% of loan amount

Upfront Fee

DNA

Documentation Charges

DNA

Prepayment Charges

2% on principal amount prepaid

Charge for Changing Fixed to Floating

DNA

Charge for Changing Floating to Fixed

DNA

Over Draft

No

Late Payment Charges

DNA

Fees for Duplicate No due certificate

DNA

Cheque Swapping Charge

DNA

Duplicate Repayment Schedule

DNA

Cheque Bounce Charge

DNA

Document Retrieval

DNA

Statement Charge

DNAEffective Rate Calculation

Interest Rate forYear 1-10Average Interest for10 years

8.75%8.75%

YearsInterest Rate(% p.a.)EMI(Rs. Per Month)Principal Paid(Rs.)Interest Paid(Rs.)OutstandingPrincipal(Rs.)

18.7550,1312,61,9063,39,66137,38,093

28.7550,1312,85,7653,15,80334,52,328

38.7550,1313,11,7972,89,77131,40,530

48.7550,1313,40,2002,61,36728,00,330

58.7550,1313,71,1912,30,37624,29,138

68.7550,1314,05,0051,96,56220,24,133

78.7550,1314,41,8991,59,66815,82,233

88.7550,1314,82,1551,19,41311,00,078

98.7550,1315,26,07775,4915,74,000

108.7550,1315,74,00027,5670

Interest Rate forYear 1-2Interest Rate forYear 3-20Average Interest for10 years

8.9%8.75%8.81%

YearsInterest Rate(% p.a.)EMI(Rs. Per Month)Principal Paid(Rs.)Interest Paid(Rs.)OutstandingPrincipal(Rs.)

18.950,4542,59,8803,45,56837,40,119

28.950,4542,83,9763,21,47234,56,142

38.7550,1863,12,1412,90,09131,44,001

48.7550,1863,40,5762,61,65628,03,424

58.7550,1863,71,6012,30,63124,31,822

68.7550,1864,05,4531,96,78020,26,369

78.7550,1864,42,3881,59,84415,83,981

88.7550,1864,82,6871,19,54511,01,293

98.7550,1865,26,65875,5745,74,635

108.7550,1865,74,63527,5980