Modified on : 6 May, 2018
Top

SBI Interest Rates for perquisite valuation
for AY 2018-19, 2017-18 and 2016-17

SBI Lending Rates as on 01.04.2017 for AY 2018-19

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.

Disclaimer

Finotax.com does not make any claim that the information provided on its pages is correct and up-to-date. The contents of this site cannot be treated or interpreted as a statement of law. In case, any loss or damage is caused to any person due to his/her treating or interpreting the contents of this site or any part thereof as correct, complete and up-to-date statement of law out of ignorance or otherwise, this site will not be liable in any manner whatsoever for such loss or damage.

Our Popupar Content : You may like to View / Use / Download

Tax Rates
Income Tax Slabs AY 2019-20 Income Tax Slabs AY 2018-19
Income Tax : Other Rates TDS Rates : AY 2019-20
Tax Calculators
Income Tax AY 2018-19 (Individual/HUF) Income Tax AY 2018-19 (Non-Individual)
Income Tax AY 2019-20 (Individual/HUF) Income Tax AY 2019-20 (Non-Individual)
Advance Tax (Non-individual) Advance Tax (Individual/HUF)
Interest u/s 234 (Non-corporates) Interest u/s 234 (Corporates)
Maximise Tax Savings : AY 2019-20 TDS Calculator AY 2019-20
Presumptive Income Calculator Indexed Cost & LTCG w.e.f. 01.01.2018
LTCG on Securities AY 2019-20 Gold & Silver Assets Valuation
Income Tax Information
Deductions: Taxable Income Taxability of Allowances
Exempt Incomes Deductions: House Property Income
Taxability of Pensioners & Sr. Citizens Taxability of Retirement Benefits
PAN & PAN Card View 26AS
SBI Lending Rates ITR mode of filing and ITR forms
Income Tax : Non-Residents
Income Tax Slabs AY 2019-20 Income Tax Slabs AY 2018-19
Income Tax Calculator AY 2019-20 Income Tax Calculator AY 2018-19
Advance Tax Calculator TDS Rates : AY 2019-20
TDS Calculator : AY 2019-20 Residential Status
PPF and SSY
PPF Calculator Sukanya Samriddhi Yojana Calculator
Fillable Forms with formulas
Income Tax forms TDS forms
PAN and TAN forms CGAS 1988 forms
LIC forms Passport forms
Post Office forms RTO forms
SBI forms HDFC Bank forms
ICICI Bank forms Axis Bank forms
NPS forms Aadhaar Enrollment Form
Vat forms for various states EPF forms
Misc. Tools, Utilities and info
PO Small Savings Calculator Ramayana Prashnavali
Property Tax Delhi Calculator Forex Facilites for Residents