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SBP home loan

Last updated: September 29 2009
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  • SBP home loan

    My father has applied for home loan from state bank of patiala last month.
    I am also a part of this loan , as my father was not eligible for that amount.

    I shall be very thankful if give some info on below Qs :-

    1 ) i saw on www.sbp.co.in , interest rate is 9.00% (3.25% below BPLR) floating
    what is BPLR and how it will affect interest rate ?

    2) can i get the income tax rebate in this scenario ?

    3) how i can calculate monthly EMI ( any tool )?

    Thanks in advance.
Tags: home loan sbp
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