What you are about to see are projections, not promises.
They show what could happen if the farms perform as planned. They are not a forecast of what will happen, and nothing here is guaranteed. No dividend is fixed and no return is promised.
Loan and house figures are indicative only. Different banks have different policies and their own lending criteria.
See what you could earn, and the house it could help you buy.
1
What you pay
This amount never changes. It comes out of your pocket every month.
Choose your monthly amount
Rs 1,290
Rs 2,580
Rs 3,870
For how many years?Year 15
Your age today
Your salary today
2
What you get back
Every year the farm pays you a dividend.
Your dividend that year
Rs 0
Paid once a year, after the farm pays its own costs.
Farms your agribusiness owns0
Total dividends receivedRs 0
Paid from your pocketRs 0
3
Your salary by then
Salaries usually creep up a little each year.
Salary todayRs 0
Salary in 15 yearsRs 0
We grow your salary by 2% a year. We assume you stay in the same job, get no promotion, and change nothing. All figures are in today's prices.
Use this instead
I think my salary can be more than Rs 0 after 15 years
4
What you could borrow
A bank lends based on what you earn. Your dividend counts as income too.
Salary onlyRs 0
Salary plus dividendRs 0
Extra, thanks to your farmRs 0
Based on SBM house loan terms: 5.80% a year, 35 year term, 40% of income toward repayment. Whether a bank counts dividend income, and on what terms, is that bank's decision.
5
The house you could buy
If you saved your dividends instead of spending them, that becomes your deposit. A deposit does not raise the loan. It raises the house you can afford.
Dividends you did not spendRs 0
Extra deposit from your own pocket
Your total depositRs 0
Your loanRs 0
House value you could afford
Rs 0
Your loan plus your deposit.
Please read
These are projections, not promises. Nothing here is guaranteed and no return is promised.
A dividend is decided once a year by the society, out of audited surplus, after it pays its own costs.