SBI Credit Cards Outlet across the Globe to Handle Business

In terms of business and market cover SBI has created huge outlet across the globe. You can imagine that how SBI handle its market to grow business rapidly. I am going to share that news here from a credit cards blog. Below is full coverage about SBI credit cards outlet:

"When it comes to the discussion of the most extensive ranges of credit cards that are useful for several kinds of usage then the name of SBI credit cards come on the top.

The financial scenario of India has drastically changed with the implementation of electronic banking. With the blessing of Internet technology, now the banking chores and financial transactions have become much flexible like never before. One of the latest additions in the present scenario of online banking is the credit card. Credit card is basically a plastic made triangle shaped card which is equipped with a unique chip into it. A credit card allows the users to make financial transaction, transfer money, online purchasing and other financial activities with supreme flexibility.

Now you will find hundreds of banking institutions in the country, which offer different categories of credit cards that are specially designed for different types of usages. When it comes to the present scenario of credit card providers, then the names of SBI credit cards come on a remarkable position. The State Bank of India offers an extensive range of credit cards to its customers which fulfill different kinds of facilities to the card holders. Let’s discuss about the various kinds of credit cards offered by the bank to make a clear idea of which would be best suitable for you.

SBI offers its extensive range of credit cards in the names of GoAir SBI card, SBI railway card, SBI Vishal mega mart card, SBI silver cards, SBI social card, Hero Honda SBI card, SBI Gold cards, SBI platinum cards and so on. Different credit cards are designed to help the users in different ways.

One can use the GoAir SBI credit cards in over 24 million outlets across the globe. The users can withdraw cash from 1 million VISA ATM counters. These cards also facilitate you to buy just about anything and let you repay the amount in monthly instalment basis.

The SBI Silver card is a superb type of credit card offered by the bank. The users will get the advantage of cash back in various departmental stores, groceries, restaurant and utility bill payment. By making transaction through these cards the users will get the benefit of 0% fuel surcharge.

The SBI platinum cards are literally the credit cards for the elite class of people. Through these cards, the users will get exclusive travel advantages of cash access across the world, international power points, travel related assistance services and so on.

The lifestyle credit cards of SBI also have world-wide acceptance. The users will also get the advantage of cash on the go. These cards provide the advantage of utility bill payment facility and teledraft facility.

So, from the above discussion one thing is quite clear that the SBI credit cards are available for all sort of financial needs and all class of people. Like such cards, the popularity of the Canara bank credit cards is also on the top among the people of India."

Source Via :SBI credit cards in over 24 million outlets across the globe

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Calculated EMI for Home Loans Interest Rate in India

People say that home loans are easy available now, I am agreed. People say that home loans is now very lower interest, I am not agreed. I am not agreed because here is some cause which I am going to share that. I am agreeing because the crisis of economic has lent the home loan without down payment. Let’s read calculation of EMI for home loans interest rate in India from a blog below.

"Nowadays, in the Real Estate sector there is a revolution for mortgage loan. All the news paper and magazine are with full coverage of lower interest rates for home loans, lower EMI on home loans, lower mortgage interest rates etc. But what is the actual situation have to justify.

According to the SBI calculation on fixed 12% interest rate the EMI will be 867.82 now upto Rs. 5 lakh on per lakh for every month. Old EMI was 1,101.09 upto Rs. 5 lakh for per month on every Rs. 1 lakh. It means, your saving is about 233.37 up to Rs. 5 lakh for every month on per lakh.

For the Rs. 5 to 20 lakh new EMI will be 915.87 per month for every Rs. One lakh rather than 1,101.09 old EMI. It means, your saving is Rs. 185.22 for per one lakh amount if you get the home loan for Rs. 20 lakh for the 20 years tenures.

Overall your saving will be Rs. 185 to 233 for per lakh on the home loans for 20 years. It was the calculation on the basis of 12% fixed interest rate by State bank of India.

What is the reality of these loans? For example you borrow a loan amount of Rs. 20 lakh for the 20 years then what will be EMI?

According to the new EMI calculation you have to pay per month about Rs. 17356.4 if all the circumstances don’t change. However, your older calculated EMI was for Rs. 20 lakh per month – Rs. 22021.8.

You can just imagine that if you buy a home on the amount of Rs. 20 lakh then you have to pay total in 20 years Rs. 41,65,5,36. It means just double amount for that Rs. 20 lakh in 20 years.

So, in the Indian context you can imagine who can buy the flats to take loan by banks! It is the revolution of Indian Real Estate sectors and income and investment of Banks.

Another story says that you can borrow whole amount by banks on 0% down payment. Is it crisis or investment? However, the home loans or mortgage loans trends has been not increased as year of 2006-2007.

Total deduction in the percentage of interest rates is 1 to 1.5. The actual interest rates will follow with the monthly EMI on the basis of loan amounts and loan terms.

All the activities is the result of government pressure on banks due to economic crisis for the liquidate the capital in the consumers."

Source Via :New EMI Calculation for Home Loans on lower interest rates in India

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DDA Housing Scheme of 2008 and DDA Flats Scheme Results

DDA has announced to distribute flats on the basis of housing scheme 2008 in these areas of Delhi - Rohini, Vasant Kunj, Dwarka, Paschim Vihar and Pitam Pura Pitampura, Dwarka, Motia Khan, Paschim Vihar, Dilshad Garden, Vasant Kunj, Narela, Shalimar Bagh, Jhilmil, East of Loni Road, Nand Nagari, Peeragarhi, Sarai Khalil, Rohini, Lok Nayak Puram, Bindapur and Zafrabad.

According to the DDA housing scheme of 2008 about 5020 flats will be distributed in above mentioned areas. All the applications are for 2 or 3 bedrooms flats in various apartments. With the DDA flats scheme registration fee was of Rs. 1.5 Lakhs and about 12.64 lakh application forms were sold and downloaded but finally submitted form were 5.12 lakh finally in different banks which was announced by authorized by the DDA. I think it is the business plans like other investors of real estates.

The flats rates will be Rs 7.95 lakh to Rs 11.90 lakh. According to the DDA official announcement the rate was about 40% less from market. Axis bank, ICICI, HDFC, IDBI, SBI, Central Bank of India, and Union Bank of India were the official announced bank to submit the form of DDA housing scheme of 2008 flats.

It was the lottery for DDA flats scheme in India basically in Delhi. DDA is the official authority for Delhi Development. Who don't get lucky in the lottery of DDA housing scheme 2008 will be gait back their registration money by January, 2009. Who have applied from banks will get their money back with the deduction of 5000.

You can now imagine the housing system in Delhi or all over metropolitan of India with the December, 2008 results of DDA flats scheme. People are much agree to spend their money upto 11.90 lakh rather than 25-30 lakh flats in Delhi. This is the results of hot property in not only in Delhi but also in India.

It is the mortgage scheme of people life not DDA flats scheme. DDA was created in 1957 to promote and secure the development of Delhi under the provision of Delhi Development Act.

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