SBI Lending Rates on 01.04.2019 and 01.04.2018 for
for AY 2020-21 and AY 2019-20 respectively
SBI Lending Rates as on 01.04.2019 for Perquisite Valuation for AY 2020-21
1 year MCLR RATE: 8.55%
2 year MCLR RATE: 8.65%
(A)- HOME LOANS (TERM LOAN):
Revised Interest Rate
Salaried Borrowers (%) :
Non-Salaried Borrowers (%) :
Women
LTV = 80
1 Year MCLR+ 15 bps, ER:8.70
1 Year MCLR+ 30 bps, ER:8.85
LTV > 80 and LTV = 90
1 Year MCLR+ 25 bps, ER:8.80
1 Year MCLR+ 40 bps, ER:8.95
Other
LTV = 80
1 Year MCLR+ 20 bps, ER:8.75
1 Year MCLR+ 35 bps, ER:8.90
LTV > 80 and LTV = 90
1 Year MCLR+ 30 bps, ER:8.85
1 Year MCLR+ 45 bps, ER:9.00
Revised Interest Rate
Salaried Borrowers (%) :
Non-Salaried Borrowers (%) :
Women
RG-1, 2 ,3
1 Year MCLR+ 35 bps, ER:8.90
1 Year MCLR+ 50 bps, ER:9.05
RG-4, 5, 6
1 Year MCLR+ 45 bps, ER:9.00
1 Year MCLR+ 60 bps, ER:9.15
Other
RG-1, 2 ,3
1 Year MCLR+ 40 bps, ER:8.95
1 Year MCLR+ 55 bps, ER:9.10
RG-4, 5, 6
1 Year MCLR+ 50 bps, ER:9.05
1 Year MCLR+ 65 bps, ER:9.20
Revised Interest Rate
Salaried Borrowers (%) :
Non-Salaried Borrowers (%) :
Women
RG-1, 2 ,3
1 Year MCLR+ 45 bps, ER:9.00
1 Year MCLR+ 60 bps, ER:9.15
RG-4, 5, 6
1 Year MCLR+ 55 bps, ER:9.10
1 Year MCLR+ 70 bps, ER:9.25
Other
RG-1, 2 ,3
1 Year MCLR+ 50 bps, ER:9.05
1 Year MCLR+ 65 bps, ER:9.20
RG-4, 5, 6
1 Year MCLR+ 60 bps, ER:9.15
1 Year MCLR+ 80 bps, ER:9.35
Product
Interest Rate
CRE Home Loan
A premium of 50 bps over and above the interest rate applicable to Home Loan will be charged.
(B) PERSONAL LOAN SCHEMES - RATE OF INTEREST
A. For Defence/ Para-Military/ in Indian Coast Guard Salary Package Applicants
i) 'Term Loan' facility:
2 year MCLR
Spread over 2 year MCLR
Effective Interest Rate with No Reset
8.65%
3.40% - 3.90%
12.05% - 12.55%
i) 'Overdraft' facility:
2 year MCLR
Spread over 2 year MCLR
Effective Interest Rate with No Reset
8.65%
3.90% - 4.40%
12.55% - 13.05%
B. For For Other Applicants
i) 'Term Loan' facility:
2 year MCLR
Spread over 2 year MCLR
Effective Interest Rate with No Reset
8.65%
3.40% - 5.40%
12.05% - 15.05%
i) 'Overdraft' facility:
2 year MCLR
Spread over 2 year MCLR
Effective Interest Rate with No Reset
8.65%
3.90% - 5.90%
12.55% - 15.55%
Note for loans under Xpress Credit scheme:
Following category of borrowers will get special concessions:
Criteria
Concession Offered
Where 'Check-Off' is provided.
50 bps in Rate of Interest
Loan amount = Rs 10,00,000.
50 bps in Rate of Interest
iii) 'Term Loan' facility:
2 year MCLR
Spread over 2 year MCLR
Effective Interest Rate with No Reset
8.65%
3.50% - 5.15%
12.15% - 13.80%
iv) 'Overdraft' facility:
2 year MCLR
Spread over 2 year MCLR
Effective Interest Rate with No Reset
8.65%
4.00% - 5.65%
12.65% - 14.30%
Note for loans under Xpress Power scheme:
Following category of borrowers will get special concessions:
Criteria
Concession Offered
Where 'Check-Off' is provided.
50 bps in Rate of Interest
Loan amount = Rs 10,00,000.
50 bps in Rate of Interest
2 year MCLR
Spread over 2 year MCLR
Effective Interest Rate with No Reset
8.65%
4.80% - 6.80%
13.45% - 15.45%
i. SBI Salary Package A/c Holders:
2 year MCLR
Spread over 2 year MCLR
Effective Interest Rate with No Reset
8.65%
2.40% - 3.90%
11.05% - 12.55%
ii. Other than Salary Package A/c Holders (including Applicants not maintaining Salary A/c with our Bank):
2 year MCLR
Spread over 2 year MCLR
Effective Interest Rate with No Reset
8.65%
2.65% - 4.15%
11.30% - 12.80%
i. Central and State Government, Quasi-Government, Central PSUs, State PSUs, Defence personnel, Educational Institutions of National Repute:
2 year MCLR
Spread over 2 year MCLR
Effective Interest Rate with No Reset
8.65%
2.30% - 3.40%
12.95% - 15.05%
ii. Co-operatives/ Institutions not covered under regular Xpress Credit loan scheme and Unrated Corporates:
2 year MCLR
Spread over 2 year MCLR
Effective Interest Rate with No Reset
8.65%
5.05% - 6.65%
13.70% - 15.30%
Other Unsecured Personal Loans - (1/2)
Revised
Scheme
2 year MCLR
Spread over 2 year MCLR
Effective Interest Rate with No Reset
Pension Loan
8.65%
3.35%
12.00%
Clean Overdraft
8.65%
8.65%
17.10%
Xpress Credit Insta Top-Up
8.65%
3.50 %
12.15%
Other Unsecured Personal Loans - (2/2)
Revised
Scheme
1 year MCLR
Spread over 1 year MCLR
Effective Interest Rate with No Reset
Pre-Approved Personal Loans (PAPL)
8.55%
5.60%
14.15%
(C) EDUCATION LOAN SCHEMES - RATE OF INTEREST
Loan Limit
1 year MCLR
Spread
Effective Interest Rate
Reset Period
Upto Rs 7.5 Lacs
8.55%
2.00%
10.55%
1 year
Concession
0.50% concession interest for girl students
Above Rs 7.5 Lacs
8.55%
2.25%
10.80%
1 year
Concession
0.50% concession interest for girl students
Concession : 0.50% concession for students availing of SBI Rinn Raksha or any other existing policy assigned in favour of our Bank
Category
1 year MCLR
Spread
Effective Interest Rate
Reset Period
List AA
ROI
8.55%
0.20%
8.75%
1 year
Concession
No Further Concession
List A
All IIMs & IITs
8.55%
0.35%
8.90%
1 year
Other institutes
8.55%
0.50%
9.05%
1 year
Concession
No Further Concession
List B
All NITs
8.55%
0.50%
9.05%
1 year
Other institutes
8.55%
1.00%
9.55%
1 year
Concession
No Further Concession
List C
All NITs
8.55%
0.50%
9.05%
1 year
Other institutes
8.55%
1.50%
10.05%
1 year
Concession
No Further Concession
Loan Limit
1 year MCLR
Spread
Effective Interest Rate
Reset Period
Upto Rs 1.5 Lacs
8.55%
1.50%
10.05%
1 year
Concession
No Further Concession
Loan Limit
1 year MCLR
Spread
Effective Interest Rate
Reset Period
Above Rs. 20 lacs & Upto Rs 1.5 Cr
8.55%
2.20%
10.85%
1 year
Concession
0.50% concession interest for girl students
0.50% concession for students availing of SBI Rinn Raksha or any other existing policy assigned in favour of our Bank
Above Rs 10 lacs & Upto Rs 1.5 Cr
1 year MCLR
Spread
Effective Interest Rate
Reset Period
Upto Rs 1.5 Lacs
8.55%
1.50%
10.05%
1 year
Concession
0.50% concession interest for girl students
(D) AUTO LOANS - RATE OF INTEREST
Scheme
Interest Rate (1 year MCLR: 8.55%)
i) SBI Car Loan, ii) NRI Car Loan, iii) Assured Car Loan Scheme, iv) SME Retail Car Loan Scheme (excluding Taxi, Transport Operators and fleet segments in SME)
From 9.30% to 9.80%
Loyalty Car Loan Scheme
SBI Car Loan, NRI Car Loan
For Men: 1.15% above 1 year MCLR i.e. 9.70% p.a. For Women: 1.10% above 1 year MCLR i.e. 9.65% p.a. (CIC Based rates are applicable)
Certified Pre-owned Car Loan Scheme
Men: 2.25% above 1 year MCLR i.e. 10.80% p.a. For Women: 2.20% above 1 year MCLR i.e. 10.75% p.a.
Certified Pre-owned Car Loan Scheme
From 11.05% to 12.05% (CIC Based rates are applicable).
Super Bike Loan Scheme
3.25% above 1 year MCLR i.e. 11.80% p.a
SBI Two-Wheeler Loan
9.05% above 1 year MCLR i.e. 17.60% p.a.
CIBIL Score
Rate of Interest
>=750
2.80% above 2 Yr MCLR i.e. 11.45%p.a.
From 650 to 749
3.80% above 2 Yr MCLR i.e. 12.45%p.a.
Finer pricing for New Car Loans based on CIC scores w.e.f. 10.12.2018
Type of customers
CIC scores
Interest Rate w.e.f. 10.12.2018 (1 year MCLR: 8.55%)
Corporate Salary Package customers *
Not applicable
0.75% above 1 year MCLR i.e., 8.30% p.a.
Other than Corporate Salary Package customers **
CICs score of 750 and above #
0.75% above 1 year MCLR i.e., 8.30% p.a.
CICs score of 700 and upto 749 #
0.95% above 1 year MCLR i.e., 9.50% p.a.
CICs score of less than 700#
For Men: 1.25% above 1 year MCLR i.e., 9.80% p.a. For Women: 1.20% above 1 year MCLR i.e. 9.75% p.a.
# For loan amount of Rs. 5.00 lacs and above, the lower CIC score will be considered from either of the two CICs to get the interest rate benefit as stated above.
* Corporate Salary Package customers would include all types of customers maintaining salary account with us with product specification as 'Salary Package Accounts' in CBS. This would include employees of State/Central Government, PSUs, Corporations and Listed Pvt. Sector companies maintaining Corporate Salary Package account with us. This would also include Railway Salary Package, Police Salary Package, all Defense Salary Packages and PMSP Pensioners.
** Other than Corporate Salary Package customers would include Businessmen, Professionals/Self Employed, Agriculturist, Pensioners and other salary accounts.
SBI Lending Rates as on 01.04.2018 for Perquisite Valuation for AY 2019-20 1 year MCLR Rate: 8.15% 2 year MCLR Rate: 8.25%
Salaried Borrowers (%) :
Non-Salaried Borrowers (%) :
Women
LTV ≤ 80
1 Year MCLR + 20 bps, ER:8.35
1 Year MCLR + 35 bps, ER:8.50
LTV > 80
LTV ≤ 90
1 Year MCLR + 30 bps, ER:8.45
1 Year MCLR + 45 bps, ER:8.60
Other
LTV ≤ 80
1 Year MCLR + 25 bps, ER:8.40
1 Year MCLR + 40 bps, ER:8.55
LTV > 80
LTV ≤ 90
1 Year MCLR + 35 bps, ER:8.50
1 Year MCLR + 50 bps, ER:8.65
Salaried Borrowers (%) :
Non-Salaried Borrowers (%) :
Women
RG-1, 2 ,3
1 Year MCLR + 35 bps, ER:8.50
1 Year MCLR + 50 bps, ER:8.65
RG-4, 5, 6
1 Year MCLR + 45 bps, ER:8.60
1 Year MCLR + 60 bps, ER:8.75
Other
RG-1, 2 ,3
1 Year MCLR + 40 bps, ER:8.55
1 Year MCLR + 55 bps, ER:8.70
RG-4, 5, 6
1 Year MCLR + 50 bps, ER:8.65
1 Year MCLR + 65 bps, ER:8.80
Salaried Borrowers (%) :
Non-Salaried Borrowers (%) :
Women
RG-1, 2 ,3
1 Year MCLR + 45 bps, ER:8.60
1 Year MCLR + 60 bps, ER:8.75
RG-4, 5, 6
1 Year MCLR + 55 bps, ER:8.70
1 Year MCLR + 70 bps, ER:8.85
Other
RG-1, 2 ,3
1 Year MCLR + 50 bps, ER:8.65
1 Year MCLR + 65 bps, ER:8.80
RG-4, 5, 6
1 Year MCLR + 60 bps, ER:8.75
1 Year MCLR + 80 bps, ER:8.90
Education Loan Schemes - Rate of Interest (As on 01.04.2018)
Loan Limit
1 year MCLR
Spread
Effective Interest Rate
Reset Period
Upto Rs. 7.5 Lacs
8.15%
2.00%
10.15%
1 year
Above Rs. 7.5 Lacs
8.15%
2.75%
10.90%
1 year
Concession
0.50% concession interest for girl student
Further Concession
1% concession for full tenure of the loan, if interest is serviced promptly as and when applied during the moratorium period, including course duration.
Category
1 year MCLR
Spread
Effective Interest Rate
Reset Period
List AA
ROI
8.15%
0.35%
8.50%
1year
Concession
No Further Concession
List A
All IIMs & IITs
8.15%
0.35%
8.50%
1 year
Concession
No Further Concession
Other institutes
8.15%
0.50%
8.65%
1 year
Concession
No Further Concession
List B
All NIITs
8.15%
0.50%
8.65%
1 year
Concession
No Further Concession
Other Institutes
8.15%
1.00%
9.15%
1 year
Concession
0.25% - if collateral security ≥ the loan amount
0.25% - work experience of more than 2 years
List C
All NIITs
8.15%
0.50%
8.65%
1 year
Concession
No Further Concession
Other Institutes
8.15%
2.00%
10.15%
1 year
Concession
1% concession for full tenure of the loan, if interest is serviced promptly as and when applied during the moratorium period, including course duration
Loan Limit
1 year MCLR
Spread
Effective Interest Rate
Reset Period
Upto Rs. 1.5 Lacs
8.15%
1.50%
9.65%
1 year
Concession
1% concession for full tenure of the loan, if interest is serviced promptly as and when applied during the moratorium period, including course duration
Loan Limit
1 year MCLR
Spread
Effective Interest Rate
Reset Period
Above Rs. 20 lacs & Upto Rs 1.5 Cr
8.15%
2.50%
10.65%
1 year
Concession
0.50% concession for students availing of SBI Rinn Raksha or any other existing life insurance policy assigned in favour of our Bank
Further Concession
0.50% concession for girl students
Loan Limit
1 year MCLR
Spread
Effective Interest Rate
Reset Period
Upto Rs. 1.5 Lacs
8.15%
1.50%
9.65%
1 year
Concession
0.50% concession interest for girl students
Personal Loan Schemes
XPRESS Credit Scheme for Defence/Para-Military/in Indian Coast Guard Salary Package (DSP/PMSP/ICGSP) Applicants
TU CIBIL Score
2 year MCLR
Spread over 2 year MCLR
Effective Interest Rate with No Reset
≤ 650
8.25%
3.40%
11.65%
< 650
8.25%
3.90%
12.15%
TU CIBIL Score
2 year MCLR
Spread over 2 year MCLR
Effective Interest Rate with No Reset
≤ 650
8.25%
3.90%
12.15%
< 650
8.25%
4.40%
12.65%
Note:
Criteria
Concession Offered
Where 'Check-Off' is provided.
50 bps in Rate of Interest
Loan amount ≥ Rs 10,00,000.
50 bps in Rate of Interest
TU CIBIL Score
≥ 650
< 650
RSM
≥ 73
< 73
Xpress Credit Scheme for other than (DSP/PMSP/ICGSP) Applicants
ECR
CIBIL TU Score
2 year MCLR
Spread over 2 year MCLR
Effective Interest Rate with No Reset
A- and above
≥ 750
8.25%
3.40%
11.65%
A- and above
700 - 749
8.25%
3.90%
12.15%
A- and above
650 - 699
8.25%
4.40%
12.65%
A- and above
550 - 649
8.25%
4.90%
13.15%
A- and above
≤ 550
8.25%
5.90%
14.15%
BBB+ and below
≥ 750
8.25%
4.40%
12.65%
BBB+ and below
700 - 749
8.25%
4.90%
13.15%
BBB+ and below
650 - 699
8.25%
5.40%
13.65%
BBB+ and below
550 - 649
8.25%
5.90%
14.15%
BBB+ and below
≤ 550
8.25%
6.40%
14.65%
UnRated
≥ 750
8.25%
4.40%
12.65%
UnRated
700 - 749
8.25%
5.40
13.65%
Rating
CIBIL TU Score
2 year MCLR
Spread over 2 year MCLR
Effective Interest Rate with No Reset
A- and above
≥ 750
8.25%
3.90%
12.15%
A- and above
700 - 749
8.25%
4.40%
12.65%
A- and above
650 - 699
8.25%
4.90%
13.15%
A- and above
550 - 649
8.25%
5.40%
13.65%
A- and above
≤550
8.25%
6.40%
14.65%
BBB+ and below
≥ 750
8.25%
4.90%
13.15%
BBB+ and below
700 - 749
8.25%
5.40%
13.65%
BBB+ and below
650 - 699
8.25%
5.90%
14.15%
BBB+ and below
550 - 649
8.25%
6.40%
14.65%
BBB+ and below
≤550
8.25%
6.90%
15.15%
UnRated
≥ 750
8.25%
4.90%
13.15%
UnRated
700 - 749
8.25%
5.90
14.15%
Note for loans under Xpress Credit scheme:
Criteria
Concession Offered
Where 'Check-Off' is provided.
50 bps in Rate of Interest
Loan amount ≥ Rs 10,00,000.
50 bps in Rate of Interest
TU CIBIL Score
≥ 750
700 - 749
650 - 699
550 - 649
≤550
RSM
≥ 84
78 - 83
73 -77
62 - 72
≤ 62
Credit Info Bureau Score
2 year MCLR
Spread over 2 year MCLR
Effective Interest Rate with No Reset
750 and above
8.25%
2.80%
13.05%
550 - 749
8.25%
5.80%
14.05%
Less than 550/ No Score
8.25%
6.80%
15.05%
Xpress Elite Scheme
Credit Info Bureau Score
2 year MCLR
Spread over 2 year MCLR
Effective Interest Rate with No Reset
800 and above
8.25%
2.40%
10.65%
700 - 799
8.25%
2.90%
11.15%
600-699/ No Score
8.25%
3.90%
12.15%
Less than 600
No Loan
Credit Info Bureau Score
2 year MCLR
Spread over 2 year MCLR
Effective Interest Rate with No Reset
800 and above
8.25%
2.65%
10.90%
700 - 799
8.25%
3.15%
11.40%
600-699/ No Score
8.25%
4.15%
12.40%
Less than 600
No Loan
Employer Type
Rate of Interest
i) Central and State Government, Quasi-Government, Central PSUs, State PSUs, Defence personnel, Educational Institutions of National Repute
Check-off Category-I : 430 bps above 2 yr MCLR i.e. 12.55%
Check-off Category-II: 640 bps above 2 yr MCLR i.e. 14.65%
ii) Co-operatives/ Institutions not covered under regular Xpress Credit loan scheme and Unrated Corporates
Check-off Category-I:
505 bps above 2 yr MCLR i.e. 13.30%
Check-off Category-II:
665 bps above 2 yr MCLR i.e. 14.90%
Other Loans
Scheme
2 year MCLR
Spread over 2 year MCLR
Effective Interest Rate with No Reset
SBI Pension Loan
8.25%
3.35%
11.60%
Jai Jawan Pension Loan
8.25%
3.35%
11.60%
Pension Loan To Coal Mines Provident Fund (CMPF) Pensioners
8.25%
3.35%
11.60%
Clean Overdraft
8.25%
8.45%
16.70%
OD for e-Commerce purchases
8.25%
5.50%
13.75%
Scheme
1 year MCLR
Spread over 1 year MCLR
Effective Interest Rate
Reset Period
Gold Loan (all variants)
8.15%
2.00%
10.15%
1 year
Loan against Shares
8.15%
3.15%
11.30%
1 year
Loan against Mutual Funds & Dual Advantage Fund
8.15%
2.50%
10.65%
1 year
Loan against SGB
8.15%
2.00%
10.15%
1 year
Loan against NSC/KVP/RBI Relief Bond/Surrender Value of SBI Life/LIC/SBI Magnum
8.15%
4.65%
12.80%
1 year
Loan against FCNR (B) Deposit
8.15%
2.90%
11.05%
1 year
Loan Against Bank Time Deposits
Interest Rate
Loan against Bank's Time Deposits (Domestic)
1.00% over the rate of interest paid on the relative Time Deposits offered as security irrespective of the loan amount.
Loan Against Floating Rate Term Deposit (Domestic)
1.50% over the rate of interest paid on the relative Time Deposits offered as security irrespective of the loan amount.
Loan against Bank's Time Deposits and NRO Fixed Deposits
1.00% over the rate of interest paid on the relative Time Deposits offered as security irrespective of the loan amount.
Loan against NRE Fixed Deposits
1.00% over the rate of interest paid on the relative Time Deposits offered as security irrespective of the loan amount.
Auto Loans Interest Rates
Scheme
Interest Rate w.e.f. 01.04.2018 (1 year MCLR: 8.15%)
i) SBI Car Loan, ii) NRI Car Loan, iii) Assured Car Loan Scheme, iv) SME Retail Car Loan Scheme (excluding Taxi, Transport Operators and fleet segments in SME)
From 8.90% to 9.40%
Loyalty Car Loan Scheme
SBI Car Loan, NRI Car Loan and Combo Loan Scheme
For Men: 1.15% above 1 year MCLR i.e. 9.30% p.a.
For Women: 1.10% above 1 year MCLR i.e. 9.25% p.a.
Certified Pre-owned Car Loan Scheme
Men: 2.45% above 1 year MCLR i.e. 10.60% p.a.
For Women: 2.40% above 1 year MCLR i.e. 10.55% p.a.
Certified Pre-owned Car Loan Scheme
4.65% above 1 year MCLR i.e. 12.80% p.a.
Super Bike Loan Scheme
3.65% above 1 year MCLR i.e. 11.80% p.a.
SBI Two-Wheeler Loan
9.25% above 1 year MCLR i.e. 17.40% p.a.
SBI Car Loan Lite
CIBIL Score
Rate of Interest
≥ 750
3% above 2 Yr MCLR i.e. 11.25% p.a.
650 to 749
4% above 2 Yr MCLR i.e. 12.25% p.a.
Finer pricing for New Car Loans based on CIC scores
Type of customers
CIC scores
Interest Rate w.e.f. 01.03.2018 (1 year MCLR: 8.15%)
Corporate Salary Package customers *
Not applicable
0.75% above 1 year MCLR i.e., 8.90% p.a.
Other than Corporate Salary Package customers **
CICs score of 750 and above #
0.75% above 1 year MCLR i.e., 8.90% p.a.
CICs score of 700 and upto 749 #
0.95% above 1 year MCLR i.e., 9.10% p.a.
CICs score of less than 700#
1.25% above 1 year MCLR i.e., 9.40% p.a.
# For loan amount of Rs. 5.00 lacs and above, the lower CIC score will be considered from either of the two CICs to get the interest rate benefit as stated above.
* Corporate Salary Package customers would include all types of customers maintaining salary account with SBI with product specification as 'Salary Package Accounts' in CBS. This would include employees of State/Central Government, PSUs, Corporations and Listed Pvt. Sector companies maintaining Corporate Salary Package account with us. This would also include Railway Salary Package, Police Salary Package, all Defense Salary Packages and PMSP Pensioners.
** Other than Corporate Salary Package customers would include Businessmen, Professionals/Self Employed, Agriculturist, Pensioners and other salary accounts.
SBI Lending Rates as on 01.04.2017 for AY 2018-19
Interest Rate on Home Loan (MCLR: 8%)
Category
Rate of Interest
Women (Up to Rs.75 Lacs) (HER Ghar)
1 year MCLR + 0.60%, effective rate 8.60% p.a.
Women (Above Rs.75 Lacs) (HER Ghar)
1 year MCLR + 0.65%, effective rate 8.65% p.a.
Others (Up to Rs.75 Lacs)
1 year MCLR + 0.65%, effective rate 8.65% p.a.
Others (Above Rs.75 Lacs)
1 year MCLR + 0.70%, effective rate 8.70% p.a.
SBI Student Loan Scheme
SBI Student Loan* (Floating Interest Rate linked to 1 year MCLR with 1 year reset)
For loans upto Rs 4 lac
2%above 1 year MCLR i.e., 11.20%
Above Rs 4 lac and upto Rs 7.50 lac
2% above 1 year MCLR i.e., 11.20%
Above Rs 7.50 lac
1.75% % above 1 year MCLR. i.e.,10.90%
Loan against NSCs/ KVPs/ RBI Relief Bonds/ Surrender value of SBI Life/ LIC/ SBI Magnum etc.
4.50%above 1 year MCLR with 1 year reset i.e., 13.70%(floating)
Scheme Name
Tenure
Interest rate
For Men
For Women
SBI Car Loan Scheme
For All Tenure
0.60% above 1 year MCLR i.e. 9.80% p.a.
0.55% above 1 year MCLR i.e. 9.75% p.a.
SBI Combo Loan Scheme
For All Tenure
0.60% above 1 year MCLR i.e. 9.80% p.a.
0.55% above 1 year MCLR i.e. 9.75% p.a.
NRI Car Loan
For All Tenure
0.60% above 1 year MCLR i.e. 9.80% p.a.
0.55% above 1 year MCLR i.e. 9.75% p.a.
Certified Pre-owned car loan
For All Tenure
4.00% above 1 year MCLR i.e. 13.20% p.a.
SBI Loyalty Car Loan Scheme
Car Loan, Combo Loan, NRI Car Loan
0.50% above 1 year MCLR i.e. 9.70% p.a.
0.45% above 1 year MCLR i.e. 9.65% p.a
Certified Pre-owned Car Loan Scheme , Used Car Loan Scheme
1.80% above 1 year MCLR i.e. 11.00% p.a.
1.75% above 1 year MCLR i.e. 10.95% p.a.
Super Bike Loan Scheme
For All Tenure
3.00% above 1 year MCLR i.e. 12.20% p.a.
Xpress Credit
Full Check-off (Category I)
3.30% - 3.80% above 2 year MCLR. i.e., 12.60% - 13.10% p.a. currently
Partial Check-off (Category II)
4.30% - 4.80% above 2 year MCLR i.e., 13.60% - 14.10% p.a. currently
No Check-off (Category III)
5.30% - 5.80% above 2 year MCLR. i.e., 14.60% - 15.10% p.a. currently
SBI Lending Rates as on 01.04.2016 for AY 2017-18
1 year MCLR RATE: 9.20 % 2 year MCLR RATE: 9.30%
MCLR RATE : 09.20 %
Borrowers' category
Home Loan interest rate, irrespective of loan limit
Women
20 bps above the one year MCLR of 9.20 % i.e 9.40% p.a.
Others
25 bps above the one year MCLR of 9.20% i.e.9.45% p.a.
SBI Student Loan Scheme
SBI Student Loan* (Floating Interest Rate linked to 1 year MCLR with 1 year reset)
For loans upto Rs 4 lac
2% above 1 year MCLR i.e., 11.20%
Above Rs 4 lac and upto Rs 7.50 lac
2% above 1 year MCLR i.e., 11.20%
Above Rs 7.50 lac
1.75% % above 1 year MCLR i.e.,10.90%
* for Girl Student 0.50% concession interest rate
Loan against pledge of Gold Ornaments
2% above 1 year MCLR with 1 year reset, currently11.20% p.a. (floating)
Loan against NSCs/ KVPs/ RBI Relief Bonds/ Surrender value of SBI Life/ LIC/ SBI Magnum etc.
4.50% above 1 year MCLR with 1 year reset i.e., 13.70%(floating)
Scheme Name
Tenure
Interest rate for Men
Interest rate for Women
SBI Car Loan Scheme
For All Tenure
0.60% above 1 year MCLR i.e. 9.80% p.a.
0.55% above 1 year MCLR i.e. 9.75% p.a
SBI Combo Loan Scheme
For All Tenure
0.60% above 1 year MCLR i.e. 9.80% p.a.
0.55% above 1 year MCLR i.e. 9.75% p.a.
NRI Car Loan
For All Tenure
0.60% above 1 year MCLR i.e. 9.80% p.a.
0.55% above 1 year MCLR i.e. 9.75% p.a.
Certified Pre-owned car loan
For All Tenure
4.00% above 1 year MCLR i.e. 13.20% p.a.
SBI Loyalty Car Loan Scheme
Car Loan, Combo Loan, NRI Car Loan
0.50% above 1 year MCLR i.e. 9.70% p.a
0.45% above 1 year MCLR i.e. 9.65% p.a.
Certified Pre-owned Car Loan Scheme , Used Car Loan Scheme
1.80% above 1 year MCLR i.e. 11.00% p.a.
1.75% above 1 year MCLR i.e. 10.95% p.a.
Super Bike Loan Scheme
For All Tenure
3.00% above 1 year MCLR i.e. 12.20% p.a.
Scheme Name
Check Off
Rate of Interest*
Xpress Credit
Full Check-off (Category I)
3.30% - 3.80% above 2 year MCLR. i.e., 12.60% - 13.10% p.a. currently
Partial Check-off (Category II)
4.30% - 4.80% above 2 year MCLR i.e., 13.60% - 14.10% p.a. currently
No Check-off (Category III)
5.30% - 5.80% above 2 year MCLR. i.e., 14.60% - 15.10% p.a. currently
SBI Lending Rates as on 01.04.2014 and 01.04.1015
for AY 2015-16 and 2016-17
Loan Type
Interest Rate As on 01.04.2014
Interest Rate As on 01.04.2015
(For Assessment Year 2015-16)
(For Assessment Year 2016-17)
Housing Loan
Upto ₹ 75 lacs
10.15%#
Women - 10 bps above the BR i.e 10.10% p.a.
Others - 15 bps above the Base Rate i.e. 10.15% p.a.
Above ₹ 75 lacs
10.30%
Car Loans for New Car
10.95%
0.45% above base rate, i.e. 10.45% p.a., for all tenure ( for Men)
0.40% above base rate, i.e. 10.40% p.a., for all tenure ( for Women)
Used Car Loan
Up to 3 years - 7.25% above Base Rate i.e. 17.25% p.a.
Above 3 yrs up to 7 yrs - 7.50% above Base Rate i.e. 17.50% p.a.
Two Wheeler Loan
18.25%
8.25% above Base Rate i.e. 18.25% p.a
Educational Loan
Upto ₹ 4 lacs
13.5% @
Upto ₹ 4 lacs
3.50% above Base Rate i.e., 13.50%
₹ 4 lacs to
₹ 7.5 lacs
13.75% @
₹ 4 lacs to
₹ 7.5 lacs
3.75% above Base Rate i.e., 13.75%
Above 7.5 lacs
11.75% @
Above 7.5 lacs
11.75% @
Personal Loan
18.5%
Loan against Gold Ornaments
2.50% above Base Rate Floating, currently 12.50% p.a.
Xpress Credit
Full Check-off - 300 bps - 350 bps above Base Rate i.e., 13.00 % p.a. - 13.50% p.a.
No check off - 500 bps - 550 bps above Base Rate i.e., 15.00 % p.a. - 15.50% p.a.
@ 0.5% concession for girl student # An interest rate concession of of 0.05% to women borrowers.
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