document modified on 05.05.2016

SBI Interest Rates for perquisite valuation
for AY 2015-16, 2016-17 and 2017-18

SBI Lending Rates for Perquisite Value Calculation

Loan TypeInterest Rate As on 01.04.2014Interest Rate As on 01.04.2015
(For Assessment Year 2015-16)(For Assessment Year 2016-17)
Housing LoanUpto Rs. 75 lacs10.15%#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 Rs. 75 lacs10.30%
Car Loans for New Car10.95%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 LoanUp 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 Loan18.25%8.25% above Base Rate i.e. 18.25% p.a
Educational LoanUpto Rs. 4 lacs13.5% @Upto Rs. 4 lacs 3.50% above Base Rate i.e., 13.50%
Rs. 4 lacs to
Rs. 7.5 lacs
13.75% @Rs. 4 lacs to
Rs. 7.5 lacs
3.75% above Base Rate i.e., 13.75%
Above 7.5 lacs11.75% @Above 7.5 lacs11.75% @
Personal Loan18.5%
Loan against Gold Ornaments2.50% above Base Rate Floating, currently 12.50% p.a.
Xpress CreditFull Check-off - 300 bps - 350 bps above Base Rate i.e., 13.00 % p.a. - 13.50% p.a.

Partial Check-off - 400 bps - 450 bps above Base Rate i.e., 14.00 % p.a. - 14.50% 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.

SBI Lending Rates for Perquisite Valuation as on 01.04.2016

1 year MCLR RATE: 9.20 %

2 year MCLR RATE: 9.30%

MCLR RATE : 09.20 %
Borrowers' categoryHome Loan interest rate, irrespective of loan limit
Women20 bps above the one year MCLR of 9.20 % i.e 9.40% p.a.
Others25 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 lac2% above 1 year MCLR i.e., 11.20%
Above Rs 4 lac and upto Rs 7.50 lac2% 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 in 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 TenureInterest rate for MenInterest rate for Women
SBI Car Loan Scheme
For All Tenure0.60% 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 Tenure0.60% 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 Tenure0.60% 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 loanFor All Tenure4.00% above 1 year MCLR i.e. 13.20% p.a.
SBI Loyalty Car Loan SchemeCar Loan, Combo Loan, NRI Car Loan0.50% above 1 year MCLR i.e. 9.70% p.a0.45% above 1 year MCLR i.e. 9.65% p.a.
Certified Pre-owned Car Loan Scheme , Used Car Loan Scheme1.80% 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 SchemeFor All Tenure3.00% above 1 year MCLR i.e. 12.20% p.a.

Scheme Name Check OffRate of Interest*
Xpress CreditFull Check-off (Category I)3.30% - 3.80% above 2 year MCLRi.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 MCLRi.e., 14.60% - 15.10% p.a. currently