Modified on : 6 May, 2018
Top

Perquisite Value Calculator
for Concessional / Interest Free Loans

Note: If loan in aggregate is less than ₹ 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 Lending Rates for perquisite valuation for AY 2018-19, 2017-18 and 2016-17

Interest Rate on Home Loan (MCLR: 8%)
CategoryRate of Interest
Women (Up to Rs.75 Lacs) (HER Ghar)1 year MCLR + 0.60%, effective rate 8.60% p.a.
Women (Above Rs.75 Lacs) (HER Ghar)1 year MCLR + 0.65%, effective rate 8.65% p.a.
Others (Up to Rs.75 Lacs)1 year MCLR + 0.65%, effective rate 8.65% p.a.
Others (Above Rs.75 Lacs)1 year MCLR + 0.70%, effective rate 8.70% p.a.
SBI Student Loan Scheme
SBI Student Loan* (Floating Interest Rate linked to 1 year MCLR with 1 year reset)
For loans uptoRs 4 lac2%above 1 year MCLR i.e., 11.20%
Above Rs 4 lac and uptoRs 7.50 lac2% above 1 year MCLR i.e., 11.20%
Above Rs 7.50 lac1.75% % above 1 year MCLRi.e.,10.90%
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 NameTenureInterest rate
For Men For Women
SBI Car Loan SchemeFor 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 SchemeFor 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 LoanFor 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.a.0.45% 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.
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

SBI Lending Rates as on 01.04.2016 for AY 2017-18

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

SBI Lending Rates as on 01.04.2014 and 01.04.1015
for AY 2015-16 and 2016-17

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 ₹ 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 ₹ 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 ₹ 4 lacs13.5% @Upto ₹ 4 lacs 3.50% above Base Rate i.e., 13.50%
₹ 4 lacs to
₹ 7.5 lacs
13.75% @₹ 4 lacs to
₹ 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.