India`s one of the largest government sector bank by the name of State bank Of India (SBI) has once again launched a home loan scheme. The name of the home loan scheme is SBI Flexipay Home loan. In this home loan scheme the customer who have already taken the home loan from SBI and get an extra loan from their existing home loan amount. The best part of this scheme is that the customer can do top up in the existing home loan. Apart from doing top up of the loan the customer gets another benefit to pay only the interest amount for few duration. It mean that duration the EMI period for few month the customer is supposed to pay only the interest, not the entire EMI. More info@ http://moneydial.com/what-is-flexipay-home-loan-by-sbi/

1. What is Flexipay Home loan by SBI
India`s one of the largest government sector bank by the name of State bank Of
India (SBI) has once again launched a home loan scheme. The name of the
home loan scheme is SBI Flexipay Home loan. In this home loan scheme the
customer who have already taken thehome loan from SBI and get an extra loan
from their existing home loan amount. The best part of this scheme is that the
customer can do top up in the existing home loan. Apart from doing top up of the
loan the customer gets another benefit to pay only the interest amount for few
duration. It mean that duration the EMI period for few month the customer is
supposed to pay only the interest, not the entire EMI.
“In Flexipay Home loan by SBI the customer of home loan can do topup his/her home loan
and for few months he/she is suppose to pay interest only.”
Key points of Flexipay home loan:
1. Age factor:The customer whose age is in between 21 to 45 years are eligible to get
this kind of home loan only. Apart from this age factor the person must be salaried
and having at least two years of work experience.
2. Home loan eligibility:If you check the loan amount eligibility of home loan and
Flexipay loan amount than the loan amount you are getting 1.2 per cent more than
the loan you can get under normal home loan scheme.

2. 3. Who can get loan:This kind of home loan is available to working professional and
working executive only. You can apply for this kind of loan if you are having home
loan which is of 20 lac or more.
4. Home Loan extension:By this scheme you can extend your home loan duration
from25 years to 30 years. With this home loan extension the customer is not
supposed to pay any penalty to the loan provider.
5. Moratorium(Pre-EMI):Since you have done top up on your home loan. So your
EMI will also increase. In order to neutralize the effect of additional monthly EMIs,
customer is having the option of paying only interest during the moratorium (pre-
EMI) period. Once the moratorium (pre-EMI) period is over the customer have to
pay the EMI.
More info@ http://moneydial.com/what-is-flexipay-home-loan-by-sbi/