This loan calculator software is to use tool intended to calculate loans and mortgages repayments in a very simple way.

Loan Calculator calculates repayments amount, monthly and total interest, total repayments and generates a full repayment list from a start date.

Loan Calculator is currency-independent so it can be used with Dollars, Francs, Marks, Pounds,… or whatever you like. Just use a dot or a comma for decimals depending on your system settings.

Loan Calculator lets you select both period and interest compounding from continuous (compounding only), weekly, biweekly, monthly, quarterly, semiannually and annually.

Furthermore Loan Calculator allows you to save all the repayment list to a text file or an Excel sheet.

DOWNLOAD

PASS : blog.emman.in

eventhough i was well familiar with wapsites this is the first time i am expressing my greeting in my own blog …

2010 New Year is coming!! Change your thinkings with new hopes, drive out for new opportunities and meet the New year really specially. January 1, 2010 is the opening day of the New Twelvemonths, You can express feelings to your dear and near ones, family and friends with personalized New Gathering Greeting Cards. It is moment to invite New Year 2010 by saying  Good Bye 2009!

i convey my gratitude to all my site viewers till date.i hope i could continue my blog with your continuous support …………….

State Bank of India (SBI), the principal nationalized Bank  in India, is individual of the Market leaders in the Home loan segment. Apart from its myriad products and services, SBI offers home loans designed for a variety of purposes, with purchase/construction of new house or flat, firm footing of an existing house/flat, firm footing of a plot of rest designed for construction of house and extension/repair/renovation/alteration of an existing house or flat. SBI Home  loans get nearer with roughly unique features to turn out them remain disallowed in the competition. Besides the standard package of homel loans, SBI has roughly customized Home Loans products in its kitty, which adopt the needs of niche customer segments. Explore the article to know all concerning State Bank of India housing loans.

Features

* SBI Home Loan provides thumbs down cap on limit finance amount designed for the purchase/construction of house/flat.
* There is an option to strike the revenue of the applicant’s other half and children to divide the eligible finance amount.
* The cash in provides boundless private accident insurance cover.
* A complimentary international ATM cum Debit license is as well provided by SBI.
* On the catch sight of “in principle” consent is a special provision designed for the applicant.
* If all the essential ID are submitted by the applicant, SBI Home Loan is endorsed inside 6 days of the blind date of submission.
* The applicant can as well consider SBI’s Home Loan as a Term Loan or as an Overdraft feature, in casing he/she wants to save on notice and make bigger gains.
* SBI Home Loan as well provides boundless private accident insurance cover up to Rs 40 Lakhs.
* Repayment is permitted up to 70 years of age, which is an added plus of SBI Home Loan.

Products

* ‘SBI-Flexi’ Home Loans are designed to enable borrowers to prevaricate their Home Loan opposed to unfavorable movement in notice duty and gives the customers a single period fixed option to opt single of the three customized combinations of fixed and on the edge notice duty.
* ‘SBI-Freedom’ Home Loans are customized designed for climax achieve worth those and offer repayment such as 100 for every cent finance of the project and thumbs down mortgage of the property, provided the personal may possibly exhibit liquid securities such as LIC policies or NSCs.

Eligibility

* The smallest amount age of the applicant is 18 years, on the blind date of the sanction of the finance.
* The limit age limit designed for a Home Loan applicant is 70 years. It is the limit age limit, inside which the finance must be fully repaid.
* The applicant must consist of sufficient, regular and nonstop source of revenue designed for repaying the finance.

Documents

* Completed Application Form with single Passport Size Photograph
* Identity Proof – the applicant can be exercise of his/her PAN Card/Voter ID/ Passport/Driving License, designed for the intention.
* Residence Proof – the applicant can be exercise of his/her Recent Telephone Bill/ Electricity Bill/Property ask too much of receipt/Passport/Voters ID
* Proof of issue direct in respect of businesspersons/ industrialists
* Sale Deed, Agreement of Sale, Letter of Allotment, Non Encumbrance Certificate, Land/Building Tax paid receipt and all that.
* Copy of Approved Plan and consent from the Local Body
* Statement of Bank Account/ Pass Book designed for keep on 6 months

Last Week We Discuss About Eductional loans for students in state bank of india.Now,we discuss Eductional Loans in another inportant bank in india BOI(Bank Of India).

Bank Of India has Star Educational Loans which aims to gives an finnancial support to a students  who are all willing to pursue an higher eductions both in india or abroad.

ELIGIBILITY :

Education Loans of Bank of India are offered to Indian nationals, who have no outstanding loan taken for education from any other Institutions.The Parents Should be a co-borrower.

A student will be considered eligible for the loan if he has good academic record and gets admitted to a professional or technical course in India or abroad through a selection procedure based on merit or entrance test.

COURSES :

Graduation courses like BA, B.Com., B.Sc., etc.and thePost Graduation courses like Masters & Phd. Professional courses : Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer, etcComputer certificate courses of reputed institutes accredited to Department of Electronics or institutes affiliated to university.
Courses like ICWA, CA, CFA, etc. Courses conducted by IIM, IIT, IISc, XLRI, NIFT, NID and other Institutes set up by Central/State Govt.Evening courses of approved institutes. Other courses leading to diploma/degree, etc. conducted by colleges/universities approved by UGC/Govt./AICTE/AIBMS/ ICMR, etc.Courses offered by National Institutes and other reputed private institutions with prior approval of Head Office.Courses offered in India by reputed foreign universities with prior approval of Head Office.

EXPENSES CONSIDERED  FOR LOAN :

The educational loan covers college, school or hostel fee as well as that of exam, laboratory or library. Even the expenses of books, instruments and uniforms are also taken into account. The caution deposit, refundable deposit or building fund is also considered. The student’s travel expenses as well as other necessary costs related with the program are covered by the loan

AMOUNT OF LOAN :

For studying india you have apply for maximum loan amount of 10 lakhs for studying abroad the maximum amount is 20 lakhs.

MARGIN AND SECURITY :

There is also a margin of 5% and 15% for studying in India and abroad respectively and it is applicable for a loan amount above Rs 4 lacs.The borrower needs to keep a guarantee of a 3rd party if a loan amount is above Rs 4 lacs. If the amount exceeds Rs 7.5 lacs, then a collateral security or a third party (if allowed by the bank) should be kept as a guarantee.In addition, the student should assign his future income for paying the installments.

REPAYMENT :

The loan can be repaid in 5 to 7 years after the repayment is commenced. The moratorium period is considered till 6 months after employment or the period of study plus 1 year, whichever is earlier.

One of the largest bank in india SBI(State Bank Of India) Offers a educational loans for indian students seeking Higher Eduction in india or abroad and have secured admission.That Bank Gives loans for all courses having employment prospects.They offers For Graduation courses,post graduation courses,proffesional courses and other courses that are approved by UGC/Government/AICTE etc.

Expenses considered for loan

• Fees payable to college/school/hostel
• Examination/Library/Laboratory fees
• Purchase of Books/Equipment/Instruments/Uniforms
• Caution Deposit/Building Fund/Refundable Deposit (maximum 10% tution fees for the entire course)
• Travel Expenses/Passage money for studies abroad
• Purchase of computers considered necessary for completion of course
• Cost of a Two-wheeler upto Rs. 50,000/-

Any other expenses required to complete the course like study tours, project work etc.

LOAN AMOUNT

For studies in India They offers Minimum of rupees 10,000 and the maximum of 10,000,00(10 LAKHS)

For Studies in Abroad They Offers Minimum of 10,000 and the maximum of 20,000,00(20 LAKHS).

They dont ask any processing fees or upfront charges.but you would have Deposit of Rs. 5000/- for education loan for studies abroad which will be adjusted in the margin money.

Repayment will commence one year after completion of course or  6 months after securing a job, whichever is earlier.

The Repayment Period Of Both Kind Of loans Is 5 to 7 Years.

SECURITY

Is Needed.

Margin

For loans up to Rs.4.0 lacs : No Margin

For loans above Rs.4.0 lacs:

Studies in India: 5%

Studies Abroad: 15%

Documentation Required

• Completed Education Loan Application Form.
• Mark sheets of last qualifying examination
• Proof of admission scholarship, studentship etc
• Schedule of expenses for the specified course
• 2 passport size photographs
• Borrower’s Bank account statement for the last six months
• Income tax assessment order, of last 2 years
• Brief statement of assets and liabilities, of the Co-borrower
• Proof of Income (i.e. Salary slips/ Form 16 etc)

The concept of mutual funds in India dates back to the year 1963. The era between 1963 and 1987 marked the existance of only one mutual fund company in India with Rs. 67bn assets under management (AUM), by the end of its monopoly era, the Unit Trust of India (UTI). By the end of the 80s decade, few other mutual fund companies in India took their position in mutual fund market.

The new entries of mutual fund companies in India were SBI Mutual Fund, Canbank Mutual Fund, Punjab National Bank Mutual Fund, Indian Bank Mutual Fund, Bank of India Mutual Fund.

The succeeding decade showed a new horizon in indian mutual fund industry. By the end of 1993, the total AUM of the industry was Rs. 470.04 bn. The private sector funds started penetrating the fund families. In the same year the first Mutual Fund Regulations came into existance with re-registering all mutual funds except UTI. The regulations were further given a revised shape in 1996.

Kothari Pioneer was the first private sector mutual fund company in India which has now merged with Franklin Templeton. Just after ten years with private sector players penetration, the total assets rose up to Rs. 1218.05 bn. Today there are 33 mutual fund companies in India.

Major Mutual Fund Companies in India

ABN AMRO Mutual Fund

ABN AMRO Mutual Fund was setup on April 15, 2004 with ABN AMRO Trustee (India) Pvt. Ltd. as the Trustee Company. The AMC, ABN AMRO Asset Management (India) Ltd. was incorporated on November 4, 2003. Deutsche Bank A G is the custodian of ABN AMRO Mutual Fund.

Birla Sun Life Mutual Fund

Birla Sun Life Mutual Fund is the joint venture of Aditya Birla Group and Sun Life Financial. Sun Life Financial is a golbal organisation evolved in 1871 and is being represented in Canada, the US, the Philippines, Japan, Indonesia and Bermuda apart from India. Birla Sun Life Mutual Fund follows a conservative long-term approach to investment. Recently it crossed AUM of Rs. 10,000 crores.

Bank of Baroda Mutual Fund (BOB Mutual Fund)

Bank of Baroda Mutual Fund or BOB Mutual Fund was setup on October 30, 1992 under the sponsorship of Bank of Baroda. BOB Asset Management Company Limited is the AMC of BOB Mutual Fund and was incorporated on November 5, 1992. Deutsche Bank AG is the custodian.

HDFC Mutual Fund

HDFC Mutual Fund was setup on June 30, 2000 with two sponsorers nemely Housing Development finance Corporation Limited and Standard Life Investments Limited.

HSBC Mutual Fund

HSBC Mutual Fund was setup on May 27, 2002 with HSBC Securities and Capital Markets (India) Private Limited as the sponsor. Board of Trustees, HSBC Mutual Fund acts as the Trustee Company of HSBC Mutual Fund.

ING Vysya Mutual Fund

ING Vysya Mutual Fund was setup on February 11, 1999 with the same named Trustee Company. It is a joint venture of Vysya and ING. The AMC, ING Investment Management (India) Pvt. Ltd. was incorporated on April 6, 1998.

Prudential ICICI Mutual Fund

The mutual fund of ICICI is a joint venture with Prudential Plc. of America, one of the largest in the US of A. Prudential ICICI Mutual Fund was setup on 13th of October, 1993 with two sponsorers, Prudential Plc. and ICICI Ltd. The Trustee Company formed is Prudential ICICI Trust Ltd. and the AMC is Prudential ICICI Asset Management Company Limited incorporated on 22nd of June, 1993.

Sahara Mutual Fund

Sahara Mutual Fund was set up on July 18, 1996 with Sahara India Financial Corporation Ltd. as the sponsor. Sahara Asset Management Company Private Limited incorporated on August 31, 1995 works as the AMC of Sahara Mutual Fund. The paid-up capital of the AMC stands at Rs 25.8 crore.

State Bank of India Mutual Fund

State Bank of India Mutual Fund is the first Bank sponsored Mutual Fund to launch offshor fund, the India Magnum Fund with a corpus of Rs. 225 cr. approximately. Today it is the largest Bank sponsored Mutual Fund in India. They have already launched 35 Schemes out of which 15 have already yielded handsome returns to investors. State Bank of India Mutual Fund has more than Rs. 5,500 Crores as AUM. Now it has an investor base of over 8 Lakhs spread over 18 schemes.

Tata Mutual Fund

Tata Mutual Fund (TMF) is a Trust under the Indian Trust Act, 1882. The sponsorers for Tata Mutual Fund are Tata Sons Ltd., and Tata Investment Corporation Ltd. The investment manager is Tata Asset Management Limited and its Tata Trustee Company Pvt. Limited. Tata Asset Management Limited’s is one of the fastest in the country with more than Rs. 7,703 crores (as on April 30, 2005) of AUM.

Kotak Mahindra Mutual Fund

Kotak Mahindra Asset Management Company (KMAMC) is a subsidiary of KMBL. It is presently having more than 1,99,818 investors in its various schemes. KMAMC started its operations in December 1998. Kotak Mahindra Mutual Fund offers schemes catering to investors with varying risk – return profiles. It was the first company to launch dedicated gilt scheme investing only in government securities.

Unit Trust of India Mutual Fund

UTI Asset Management Company Private Limited, established in Jan 14, 2003, manages the UTI Mutual Fund with the support of UTI Trustee Company Privete Limited. UTI Asset Management Company presently manages a corpus of over Rs.20000 Crore. The sponsorers of UTI Mutual Fund are Bank of Baroda (BOB), Punjab National Bank (PNB), State Bank of India (SBI), and (LIC) of india. The schemes of UTI Mutual Fund are Liquid Funds, Income Funds, Asset Management Funds, Index Funds, Equity Funds and Balance Funds.

Reliance Mutual Fund

Reliance Mutual Fund (RMF) was established as trust under Indian Trusts Act, 1882. The sponsor of RMF is Reliance Capital Limited and Reliance Capital Trustee Co. Limited is the Trustee. It was registered on June 30, 1995 as Reliance Capital Mutual Fund which was changed on March 11, 2004. Reliance Mutual Fund was formed for launching of various schemes under which units are issued to the Public with a view to contribute to the capital market and to provide investors the opportunities to make investments in diversified securities.

Standard Chartered Mutual Fund

Standard Chartered Mutual Fund was set up on March 13, 2000 sponsored by Standard Chartered Bank. The Trustee is Standard Chartered Trustee Company Pvt. Ltd. Standard Chartered Asset Management Company Pvt. Ltd. is the AMC which was incorporated with SEBI on December 20,1999.

Franklin Templeton India Mutual Fund

The group, Frnaklin Templeton Investments is a California (USA) based company with a global AUM of US$ 409.2 bn. (as of April 30, 2005). It is one of the largest financial services groups in the world. Investors can buy or sell the Mutual Fund through their financial advisor or through mail or through their website. They have Open end Diversified Equity schemes, Open end Sector Equity schemes, Open end Hybrid schemes, Open end Tax Saving schemes, Open end Income and Liquid schemes, Closed end Income schemes and Open end fund of funds schemes to offer.

Morgan Stanley Mutual Fund India

Morgan Stanley is a worldwide financial services company and its leading in the market in securities, investmenty management and credit services. Morgan Stanley Investment Management (MISM) was established in the year 1975. It provides customized asset management services and products to governments, corporations, pension  funds and non-profit organisations. Its services are also extended to high net worth individuals and retail investors. In India it is known as Morgan Stanley Investment Management Private Limited (MSIM India) and its AMC is Morgan Stanley Mutual Fund (MSMF). This is the first close end diversified equity scheme serving the needs of Indian retail investors focussing on a long-term capital appreciation.

Escorts Mutual Fund

Escorts Mutual Fund was setup on April 15, 1996 with Excorts Finance Limited as its sponsor. The Trustee Company is Escorts Investment Trust Limited. Its AMC was incorporated on December 1, 1995 with the name Escorts Asset Management Limited.

Alliance Capital Mutual Fund

Alliance Capital Mutual Fund was setup on December 30, 1994 with Alliance Capital Management Corp. of Delaware (USA) as sponsorer. The Trustee is ACAM Trust Company Pvt. Ltd. and AMC, the Alliance Capital Asset Management India (Pvt) Ltd. with the corporate office in Mumbai.

Benchmark Mutual Fund

Benchmark Mutual Fund was setup on June 12, 2001 with Niche Financial Services Pvt. Ltd. as the sponsorer and Benchmark Trustee Company Pvt. Ltd. as the Trustee Company. Incorporated on October 16, 2000 and headquartered in Mumbai, Benchmark Asset Management Company Pvt. Ltd. is the AMC.

Canbank Mutual Fund

Canbank Mutual Fund was setup on December 19, 1987 with Canara Bank acting as the sponsor. Canbank Investment Management Services Ltd. incorporated on March 2, 1993 is the AMC. The Corporate Office of the AMC is in Mumbai.

Chola Mutual Fund

Chola Mutual Fund under the sponsorship of Cholamandalam Investment & Finance Company Ltd. was setup on January 3, 1997. Cholamandalam Trustee Co. Ltd. is the Trustee Company and AMC is Cholamandalam AMC Limited.

LIC Mutual Fund

Life Insurance Corporation of India set up LIC Mutual Fund on 19th June 1989. It contributed Rs. 2 Crores towards the corpus of the Fund. LIC Mutual Fund was constituted as a Trust in accordance with the provisions of the Indian Trust Act, 1882. . The Company started its business on 29th April 1994. The Trustees of LIC Mutual Fund have appointed Jeevan Bima Sahayog Asset Management Company Ltd as the Investment Managers for LIC Mutual Fund.

GIC Mutual Fund

GIC Mutual Fund, sponsored by General Insurance Corporation of India (GIC), a Government of India undertaking and the four Public Sector General insurance companies, viz. National Insurance Co. Ltd (NIC), The New India Assurance Co. Ltd. (NIA), The Oriental Insurance Co. Ltd (OIC) and United India Insurance Co. Ltd. (UII) and is constituted as a Trust in accordance with the provisions of the Indian Trusts Act, 1882.

EPS
Earnings Per Share

DPS
Dividends Per Share

AMEX
American Stock Exchange

DJIA
Dow Jones Industrial Average

IPO
Initial Public offering

MD&A
Management’s Discussion and Analysis

MCAP
Market Capitalization

NAV
Net Asset Value

NASD
National Association of Securities Dealers

NASDAQ
National Association of Securities Dealers Automated Quotations

NQ
No Quote

NYSE
New York Stock Exchange

P/C Ratio
Price/Cash Flow Ratio

P/E Ratio
Price/Earnings Ratio

P/S Ratio
Price/Sales Ratio

SIC
Standard Industrial Classification

ADR
American Depositary Receipt)

TSO
Total Shares Outstanding