ANNEXURE I
HOME LOANS INTEREST RATE WEF 01.05.2016 (MCLR: 9.15%)
Category
|
Rate of Interest
|
EMI / lac *
|
Women Borrowers
|
9.35% p.a.
|
Rs. 830/-
|
Others
|
9.40% p.a.
|
Rs. 834/-
|
*Loan Tenor : 30 years
ANNEXURE II
CAR LOANS INTEREST RATE WEF 01.05.2016
Scheme
|
Interest Rate w.e.f. 01.05.16
(1 year MCLR: 9.20% p.a.)
|
Processing fee
| |
i) SBI Car Loan, ii) NRI Car Loan, iii) Combo Loan Scheme, iv) SME Retail Car Loan Scheme (excluding Taxi, Transport Operators and fleet segments in SME)
|
For Men: 0.60% above 1 year MCLR i.e. 9.75% p.a.
For Women: 0.55% above 1 year MCLR i.e. 9.70% p.a.
|
Rs. 500/-+S.T.
| |
Loyalty Car Loan Scheme
|
SBI Car Loan, NRI Car Loan and Combo Loan Scheme
|
For Men: 0.50% above 1 year MCLR i.e. 9.65% p.a.
For Women: 0.45% above 1 year MCLR i.e. 9.60% p.a.
| |
Certified Pre-owned Car Loan Scheme
|
For Men: 1.80% above 1 year MCLR i.e. 10.95% p.a.
For Women: 1.75% above 1 year MCLR i.e. 10.90% p.a.
| ||
Certified Pre-owned Car Loan Scheme
|
4.00% above 1 year MCLR i.e. 13.15% p.a.
|
0.50% of loan amount +ST
Min: Rs. 450 +ST
Max: Rs. 9100 +ST
| |
Super Bike Loan Scheme
|
3.00% above 1 year MCLR i.e. 12.15% p.a.
|
2.00% of loan amount +ST
Min: Rs. 5400 +ST
Max: Rs. 17800 +ST
|
EMI per lac for 7 year loan for new car loans Rs. 1645 (women) and Rs. 1647 (men)
ANNEXURE III
PERSONAL LOANS INTEREST RATE WEF 01.05.2016
Personal Loans (Unsecured)
|
Revised Fixed Interest Rate linked to 2 year MCLR wef 01.05.2016
| |||
Scheme
|
2 year MCLR
|
Spread over 2 year MCLR
|
Effective Interest Rate
|
Reset Period
|
Xpress Credit - Full Check Off
|
9.25%
|
3.30% - 3.80%
|
12.55% - 13.05%
|
No Reset
|
Xpress Credit - Partial Check Off
|
9.25%
|
4.30% - 4.80%
|
13.55% - 14.05%
|
No Reset
|
Xpress Credit – No Check Off
|
9.25%
|
5.30% - 5.80%
|
14.55% - 15.05%
|
No Reset
|
SBI Pension Loan
|
9.25%
|
3.80%
|
13.05%
|
No Reset
|
Jai Jawan Pension Loan
|
9.25%
|
4.65%
|
13.90%
|
No Reset
|
SBI Saral
|
9.25%
|
8.40%
|
17.65%
|
No Reset
|
Festival Loan
|
9.25%
|
6.65%
|
15.90%
|
No Reset
|
Education Plus
|
9.25%
|
4.40%
|
13.65%
|
No Reset
|
Bhagya Rekha Loan for Women
|
9.25%
|
1.90%
|
11.15%
|
No Reset
|
Clean Overdraft
|
9.25%
|
7.40%
|
16.65%
|
No Reset
|
Personal Loans (Secured)
|
Revised Floating Interest Rate linked to 1 year MCLR wef 01.05.2016
| |||
Scheme
|
1 year MCLR
|
Spread over 1 year MCLR
|
Effective Interest Rate
|
Reset Period
|
SBI Personal Gold Loan
|
9.15%
|
2.00%
|
11.15%
|
1 year
|
Loan against Shares
|
9.15%
|
3.00%
|
12.15%
|
1 year
|
Loan against NSC/ KVP/ RBI Relief Bond/ Surrender Value of SBI Life/ LIC/ SBI Magnum
|
9.15%
|
4.50%
|
13.65%
|
1 year
|
Loan against Debentures
|
9.15%
|
6.50%
|
15.65%
|
1 year
|
Loan for subscription to IPOs
|
9.15%
|
6.50% - 7.00%
|
15.65% - 16.15%
|
1 year
|
Loans to Employees to subscribe for ESOPs
|
9.15%
|
6.50%
|
15.65%
|
1 year
|
Equity Plus
|
9.15%
|
6.50%
|
15.65%
|
1 year
|
Loan against SBI Debt Fund Series
|
9.15%
|
4.50%
|
13.65%
|
1 year
|
SBI Career Loan
|
9.15%
|
4.25% - 4.50%
|
13.40% - 13.65%
|
1 year
|
Loan against FCNR (B) Deposit
|
9.15%
|
2.25%
|
11.40%
|
1 year
|
Personal Loans (Secured)
|
Interest Rate wef 01.05.2016
| |||
Loan against Bank’s Time Deposits (Domestic)
|
1% 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% 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% over the rate of interest paid on the relative Time Deposits offered as security irrespective of the loan amount.
|
ANNEXURE IV
EDUCATION LOAN INTEREST RATE WEF 01.05.2016
Revised Floating Interest Rate linked to 1 year MCLR wef 01.05.2016
| ||||
SBI STUDENT LOAN
| ||||
Limit
|
1 year MCLR
|
Spread
|
Effective Interest Rate
|
Reset Period
|
Upto Rs. 7.5 Lacs
|
9.15%
|
2.00%
|
11.15%
|
1 year
|
Above Rs. 7.5 Lacs
|
9.15%
|
1.70%
|
10.85%
|
1 year
|
Further Concession
|
0.50% concession in interest for girl students
| |||
1% concession for full tenure of the loan, if interest is serviced promptly as and when applied during the moratorium period, including course duration
| ||||
SBI SCHOLAR LOAN
| ||||
Category
|
1 year MCLR
|
Spread
|
Effective Interest Rate
|
Reset Period
|
List AA
|
9.15%
|
0.40%
|
9.55%
|
1 year
|
List A
|
9.15%
|
0.50%
|
9.65%
|
1 year
|
List B
|
9.15%
|
0.80%
|
9.95%
|
1 year
|
Further Concession
|
0.25% – if collateral security >= the loan amount
| |||
0.25% – work experience of more than 2 years
| ||||
(Effective rate of interest with both concessions not to be lower than 0.40% above 1 year MCLR presently, 9.55% p.a.)
| ||||
List C
|
9.15%
|
1.90%
|
11.05%
|
1 year
|
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
| |||
Scheme
|
1 year MCLR
|
Spread
|
Effective Interest Rate
|
Reset Period
|
SBI SKILL LOAN SCHEME
|
9.15%
|
3.90%
|
13.05%
|
1 year
|
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
| |||
Scheme
|
1 year MCLR
|
Spread
|
Effective Interest Rate
|
Reset Period
|
SBI GLOBAL ED-VANTAGE
|
9.15%
|
1.70%
|
10.85%
|
1 year
|
Further Concession
|
0.50% concession for students availing of SBI Rinn Raksha or any other existing policy assigned in favour of our Bank
| |||
0.50% concession for girl students
|
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