INTEREST RATES AS ON 01-04-2017

State Bank of India: Interest Rates on 1st APRIL, 2017
For the purpose of computing perquisite valuation
Interest rates as on 1st APRIL, 2017 on various loans in Personal Segment advances are as under

1 year MCLR RATE: 8.00 %
2 year MCLR RATE: 8.10%
Interest Rate on Home Loan (MCLR: 8%) w.e.f. 01.01.2017

Category

Rate 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 lac

2%above 1 year MCLR i.e., 11.20%

Above Rs 4 lac and uptoRs 7.50 lac

2% above 1 year MCLR i.e., 11.20%

Above Rs 7.50 lac

1.75% % above 1 year MCLRi.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 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