Document created - Dec. 21, 2015

Perquisite Value Calculator
for Concessional / Interest Free Loans

Note: If loan in aggregate is less than Rs. 20,000/-, the perquisite value will be Nil.

Perquisite Value Calculator for Concessional / Interest Free Loans
Outstanding as on 1st April 2015
Monthly repayment
SBI Interest Rate for loan type
Interest charged by Employer
Balance as on last day ofInterest as per SBI Loan Rate
April
May
June
July
August
September
October
November
December
January
February
March
Total Interest as per SBI Loan Rate
Less : Interest Charged by the employer
Taxable Value of Concessional / Free of Interest Loan

SBI Interest Rates as on 1st April 2015

Loan TypeWomen / Girl StudentOthers
Home Loan interest rate, irrespective of loan limit 10.10% p.a. 10.15% p.a.
Car Loan for all tenures10.40% p.a.10.45% p.a.
Combo Loan for all tenures10.40% p.a.10.45% p.a.
NRI Car Loan for all tenures10.40% p.a.10.45% p.a.
SBI Student Loan - For loans upto Rs. 4 lac13.00% p.a.13.50% p.a.
SBI Student Loan - Above Rs. 4 lac and upto Rs 7.50 lac13.25%13.75%
SBI Student Loan - Above Rs. 7.50 lac11.25% p.a.11.75% p.a.
SBI Two wheeler loan - Up to 3 years18.25% p.a.
Used car loan Up to 3 years17.25% p.a.
Used car loan Above 3 yrs up to 7 yrs17.50% p.a.
Certified Pre-owned car loan - Up to 3 years16.00% p.a.
Certified Pre-owned car loan - Above 3 yrs up to 7 yrs16.50% p.a.
Xpress Credit - Full Check-off13.00 % p.a. - 13.50% p.a.
Xpress Credit - Partial Check-off14.00 % p.a. - 14.50% p.a.
Xpress Credit - No Check-off15.00 % p.a. - 15.50% p.a.
Loan against pledge of Gold Ornaments - Upto 3 years12.50% p.a.
Loan against NSCs/ KVPs/ RBI Relief Bonds/ Surrender value of SBI Life/ LIC/ SBI Magnum etc.14.50% p.a.

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