|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 Rs. 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 Rs. 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 Rs. 4 lacs||13.5% @||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 lacs||11.75% @||Above 7.5 lacs||11.75% @|
|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.
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.
|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 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||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 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|
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