State Bank of India offers Lowest Interest Rates on Personal loans, car loans, home loans, two wheeler loans, combo loans, NRI loans, Xpress Credit Scheme, Gold Loans, Loan against LIC Policies.
State Bank of India: Interest Rates on 1st April, 2014
For the purpose of computing perquisite valuation
For the purpose of computing perquisite valuation
Interest rates as on 1st April, 2014 on various loans in Personal Segment advances are as under
| BASE RATE : 10.00 % | ||
|---|---|---|
| Home Loan Scheme | ||
| Loan Amount | Linkage with Base Rate over the tenor of the loan | Effective Rate |
| For Women Borrowers | ||
| Upto Rs.75.00 lacs | 0.10% above Base Rate | 10.10% p.a. |
| Above Rs.75.00 lacs | 0.25% above Base Rate | 10.25% p.a. |
| No fixed rate option will be available in any limit brackets. | ||
| For Other Borrowers | ||
| Upto Rs.75.00 lacs | 0.15% above Base Rate | 10.15% p.a. |
| Above Rs.75.00 lacs | 0.30% above Base Rate | 10.30% p.a. |
| No fixed rate option will be available in any limit brackets. | ||
| SBI Car Loan Scheme | ||
| For all tenure | For Term Loans and Overdraft : 0.95% above base rate i.e. 10.95% p.a. (irrespective of the loan amount) | |
| SBI Combo Loan Scheme | ||
| For all tenure | For Term Loans only: | |
| 0.95% above base rate i.e. 10.95% p.a. | ||
| (irrespective of the loan amount) | ||
| NRI Car Loan | ||
| For all tenure | 0.95% above base rate i.e. 10.95% p.a. (irrespective of the loan amount) | |
| Used Car Loans | ||
| 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. | |
| Certified Pre-owned car loan | ||
| Up to 3 years | 6.00% above Base Rate i.e. 16.00% p.a. | |
| Above 3 yrs up to 7yrs | 6.50% above Base Rate i.e. 16.50% p.a. | |
| SBI Two wheeler loan | ||
| Up to 3 years | 8.25% above Base Rate i.e. 18.25% p.a. | |
| SBI Student Loan Scheme | ||
| SBI Student Loan* | ||
| For loans upto Rs 4 lac | 3.50% above Base Rate i.e., 13.50% | |
| Above Rs 4 lac and upto Rs 7.50 lac | 3.75% above Base Rate i.e., 13.75% | |
| Above Rs 7.50 lac | 1.75% above Base Rate i.e., 11.75% | |
| * for Girl Student 0.50% concession in interest rate | ||
| Xpress Credit | ||
| Xpress Credit (Check-off from Employer) | 500 bps above Base Rate i.e., 15.00% | |
| Loan against pledge of Gold Ornaments | ||
| Upto Rs 1,00,000 | 4.25% above Base Rate i.e., 14.25% | |
| Above Rs 1,00,000 | 4.75% above Base Rate i.e., 14.75% | |
| Loan against NSCs/ KVPs/ RBI Relief Bonds/ Surrender value of SBI Life/ LIC/ SBI Magnum etc. | ||
| Upto 3 years | 4.50% above base Rate i.e., 14.50% | |
| More than 3 years and below 6 years | 4.50% above base Rate i.e., 14.50% | |
