HOME LOANS: FLOATING INTEREST CARD RATES


The mean interest rate for Home Loans for the quarter ended September 2018 is : 8.5362 .


(A)- HOME LOANS (TERM LOAN) including CRE HL:


I. TERM LOANS UPTO RS 30 LACS(1-yr MCLR: 8.55%)

Revised Interest Rate

 

Salaried Borrowers (%) :

Non-Salaried Borrowers (%) :

Women

LTV ≤ 80
1 Year MCLR + 20 bps, ER:8.75
1 Year MCLR + 35 bps, ER:8.90
LTV > 80
and ≤ 90
1 Year MCLR + 30 bps, ER:8.85
1 Year MCLR + 45 bps, ER:9.00

Other

LTV ≤ 80
1 Year MCLR + 25 bps, ER:8.80
1 Year MCLR + 40 bps, ER:8.95
LTV > 80
and ≤ 90
1 Year MCLR + 35 bps, ER:8.90
1 Year MCLR + 50 bps, ER:9.05

II. TERM LOANS ABOVE RS 30 LACS AND UPTO RS 75 LACS: (1-yr MCLR: 8.55%)

Revised Interest Rate

 

Salaried Borrowers (%) :

Non-Salaried Borrowers (%) :

Women

RG-1, 2 ,3
1 Year MCLR + 35 bps, ER:8.90
1 Year MCLR + 50 bps, ER:9.05
RG-4, 5, 6
1 Year MCLR + 45 bps, ER:9.00
1 Year MCLR + 60 bps, ER:9.15

Other

RG-1, 2, 3
1 Year MCLR + 40 bps, ER:8.95
1 Year MCLR + 55 bps, ER:9.10
RG-4, 5, 6
1 Year MCLR + 50 bps, ER:9.05
1 Year MCLR + 65 bps, ER:9.20

III. TERM LOANS ABOVE RS 75.00 LACS – FLOATING RATE: (1-yr MCLR: 8.55%)

Revised Interest Rate

 

Salaried Borrowers (%) :

Non-Salaried Borrowers (%) :

Women

RG-1, 2 ,3
1 Year MCLR + 45 bps, ER:9.00
1 Year MCLR + 60 bps, ER:9.15
RG-4, 5, 6
1 Year MCLR + 55 bps, ER:9.10
1 Year MCLR + 70 bps, ER:9.25

Other

RG-1, 2, 3
1 Year MCLR + 50 bps, ER:9.05
1 Year MCLR + 65 bps, ER:9.20
RG-4, 5, 6
1 Year MCLR + 60 bps, ER:9.15
1 Year MCLR + 80 bps, ER:9.35

(B)- MAXGAIN - FLOATING INTEREST CARD RATE (Including CRE HL):


I. Loans Above Rs 20.00 Lacs & Up to Rs 30.00 Lacs (1-yr MCLR: 8.55%)

Revised Interest Rate

 

Salaried Borrowers (%) :

Non-Salaried Borrowers (%) :

Women

LTV ≤ 80
1 Year MCLR + 25 bps, ER:8.80
1 Year MCLR + 45 bps, ER:9.00
LTV > 80
and ≤ 90
1 Year MCLR + 35 bps, ER:8.90
1 Year MCLR + 55 bps, ER:9.10

Other

LTV ≤ 80
1 Year MCLR + 30 bps, ER:8.85
1 Year MCLR + 50 bps, ER:9.05
LTV > 80
and ≤ 90
1 Year MCLR + 40 bps, ER:8.95
1 Year MCLR + 60 bps, ER:9.15

II. MAXGAIN-LOANS ABOVE RS 30 LACS & Up to RS 75 LACS (1-yr MCLR: 8.55%)

Revised Interest Rate

 

Salaried Borrowers (%) :

Non-Salaried Borrowers (%) :

Women

RG-1, 2 ,3
1 Year MCLR + 45 bps, ER:9.00
1 Year MCLR + 65 bps, ER:9.20
RG-4, 5, 6
1 Year MCLR + 55 bps, ER:9.10
1 Year MCLR + 75 bps, ER:9.30

Other

RG-1, 2, 3
1 Year MCLR + 50 bps, ER:9.05
1 Year MCLR + 70 bps, ER:9.25
RG-4, 5, 6
1 Year MCLR + 60 bps, ER:9.15
1 Year MCLR + 80 bps, ER: 9.35

III. MAXGAIN-LOANS ABOVE RS 75 LACS & UPTO RS 3 CRS- FLOATING RATE (1-yr MCLR: 8.55%)

Revised Interest Rate

 

Salaried Borrowers (%) :

Non-Salaried Borrowers (%) :

Women

RG-1, 2 ,3
1-year MCLR +60 bps, ER:9.15
1 Year MCLR + 80 bps, ER:9.35
RG-4, 5, 6
1 Year MCLR + 70 bps, ER: 9.25
1 Year MCLR + 90 bps, ER:9.45

Other

RG-1, 2, 3
1 Year MCLR + 65 bps, ER: 9.20
1 Year MCLR + 85 bps, ER:9.40
RG-4, 5, 6
1 Year MCLR + 75 bps, ER: 9.30
1 Year MCLR +95 bps, ER:9.50

IV. MAXGAIN-LOANS ABOVE RS 3 CRS- FLOATING RATE: will be available to existing Home Loan customers only for switch over of their Home Loan accounts from Base Rate/SBAR/Higher interest rate linked to MCLR to the current Floating Interest card rate linked 1-year MCLR.(1-yr MCLR: 8.55%)

Revised Interest Rate

 

Salaried Borrowers (%) :

Non-Salaried Borrowers (%) :

Women

RG-1, 2 ,3
1 Year MCLR + 95 bps, ER:9.50
1 Year MCLR + 115 bps, ER:9.70
RG-4, 5, 6
1 Year MCLR + 105 bps, ER: 9.60
1 Year MCLR + 125 bps, ER:9.80

Other

RG-1, 2, 3
1 Year MCLR + 100 bps, ER: 9.55
1 Year MCLR + 120 bps, ER:9.75
RG-4, 5, 6
1 Year MCLR + 110 bps, ER: 9.65
1 Year MCLR +130 bps, ER:9.85

(C)- HOME TOP UP LOANS: CARD RATES:


I. INSTA HOME TOP UP LOAN (1-yr MCLR: 8.55%)

  Revised Interest Rate

Insta Home Top Up Loan (Rs.1 lac to Rs.5 lacs)

100 bps above 1-year MCLR, ER: 9.55%, irrespective of Risk Grades, gender and occupation.

II. HOME TOP UP LOANS (other than Insta Home Top Up Loans) WITHOUT EXTENSION OF MORTGAGE ON HOUSE PROPERTY:

Particulars Salaried Non - Salaried

Term Loan (Upto Rs 5.00 lacs)

 

1-year MCLR+ 100 bps, ER: 9.55

 

 

1-year MCLR+ 150 bps, ER: 10.05

 


III. HOME TOP UP LOANS (other than Insta Home Top Up Loans) WITH EXTENSION OF MORTGAGE ON HOUSE PROPERTY : (1-yr MCLR: 8.55%)

Home Top-up Term Loan
Revised Interest Rate

 

Risk Grade

Salaried Borrowers (%) :

Non-Salaried Borrowers (%) :

Above Rs 5 lacs and upto Rs. 20lacs

1, 2 ,3
1 Year MCLR + 45 bps, ER: 9.00
1 Year MCLR + 60 bps, ER: 9.15
4, 5 ,6
1 Year MCLR + 55 bps, ER: 9.10
1 Year MCLR + 70 bps, ER: 9.25

Above Rs.20lacs and up to Rs.1crore

1, 2 ,3
1 Year MCLR + 65 bps, ER: 9.20
1 Year MCLR + 80 bps, ER: 9.35
4, 5 ,6
1 Year MCLR + 75 bps, ER: 9.30
1 Year MCLR + 90 bps, ER: 9.45

Above Rs.1 crore and up to Rs.2crores

1, 2 ,3
1 Year MCLR + 85 bps, ER: 9.40
1 Year MCLR + 100 bps, ER: 9.55
4, 5 ,6
1 Year MCLR + 95 bps, ER: 9.50
1 Year MCLR + 110 bps, ER: 9.65

Above Rs.2 crores and up to Rs.5crores

1, 2 ,3
1 Year MCLR + 130 bps, ER: 9.85
1 Year MCLR + 145 bps, ER: 10.00
4, 5 ,6
1 Year MCLR + 140 bps, ER: 9.95
1 Year MCLR + 155 bps, ER: 10.10

Above Rs.5 crores

1, 2 ,3
1 Year MCLR+ 250 bps, ER: 11.05
1 Year MCLR+ 275 bps, ER:11.30
4, 5 ,6
1 Year MCLR+ 300 bps, ER: 11.55
1 Year MCLR+325 bps, ER:11.80

HOME TOP UP TERM LOANS (other than Insta Home Top Up Loans) WITH EXTENSION OF MORTGAGE ON HOUSE PROPERTY ABOVE RS 5 CRORES : will be available to existing Home Loan customers only for switch over of their Home Loan accounts from Base Rate/SBAR/Higher interest rate linked to MCLR to the current Floating Interest card rate linked 1-year MCLR.

Home Top-up Overdraft
Revised Interest Rate

 

Risk Grade

Salaried Borrowers (%) :

Non-Salaried Borrowers (%) :

Overdraft above Rs 20 lacs and up to Rs 1 crore

1, 2 ,3
1 Year MCLR + 135 bps, ER: 9.90
1 Year MCLR + 150 bps, ER: 10.05
4, 5 ,6
1 Year MCLR + 145 bps, ER: 10.00
1 Year MCLR + 160 bps, ER: 10.15

Overdraft above Rs.1 crore and up to Rs.2 crores

1, 2 ,3
1 Year MCLR + 160 bps, ER: 10.15
1 Year MCLR + 175 bps, ER: 10.30
4, 5 ,6
1 Year MCLR + 170 bps, ER: 10.25
1 Year MCLR + 185 bps, ER: 10.40

Overdraft above Rs.2 crore

1, 2 ,3
1 Year MCLR + 170 bps, ER: 10.25
1 Year MCLR + 185 bps, ER:10.40
4, 5 ,6
1 Year MCLR + 180 bps, ER: 10.35
1 Year MCLR +190 bps, ER:10.45

Pricing of home loans have already been migrated on Risk Scoring Model. Similarly, Pricing of SBI Realty Loans will be migrated on Risk Scoring Model of Home Loan. Interest Rate structure for SBI Realty Loan will be as under:

(a) For First Five Years :

1. For Loan up to Rs 30 lacs-Floating (1-yr MCLR: 8.55%)

 

 

Salaried :

Non-Salaried :

Women

1-year MCLR+ 70 bps, ER: 9.25
1-year MCLR+ 80 bps, ER: 9.35

Others

1-year MCLR+ 75 bps, ER: 9.30
1-year MCLR+ 85 bps, ER: 9.40

2. For Loan Above Rs 30 lacs up to Rs 75 lacs-Floating (1-yr MCLR: 8.55%)

 

 

Salaried Borrowers (%) :

Non-Salaried Borrowers (%) :

Women

RG 1-3
1-year MCLR+ 80 bps, ER: 9.35
1-year MCLR+ 90 bps, ER: 9.45
RG 4-6
1-year MCLR+ 85 bps, ER: 9.40
1-year MCLR+ 95 bps, ER: 9.50

Others

RG 1-3
1-year MCLR+ 85 bps, ER: 9.40
1-year MCLR+95 bps, ER: 9.50
RG 4-6
1-year MCLR+ 90 bps, ER: 9.45
1-year MCLR+100 bps, ER:9.55


3. For Loan Above Rs 75 lacs-Floating (1-yr MCLR: 8.55%)

 

 

Salaried Borrowers (%) :

Non-Salaried Borrowers (%) :

Women

RG 1-3
1-year MCLR+ 90 bps, ER: 9.45
1-year MCLR+100 bps, ER: 9.55
RG 4-6
1-year MCLR+ 95 bps, ER: 9.50
1-year MCLR+105 bps, ER: 9.60

Others

RG 1-3
1-year MCLR+ 95 bps, ER: 9.50
1-year MCLR+105 bps, ER: 9.60
RG 4-6
1-year MCLR+100 bps, ER: 9.55
1-year MCLR+110 bps, ER: 9.65

Risk Scoring Model of Home Loan will be used for sanction of SBI Realty loans as well.

Product Revised Interest Rate

Earnest Money Deposit Scheme

3.40% above 1 Year MCLR, Effective Rate 11.95 % (1-Year MCLR=8.55%).

Tribal Plus Scheme

10 bps above home loan floating card interest rates are applicable

CRGFT Scheme

10 bps above home loan floating card interest rates are applicable

Reverse Mortgage Loan

For Public

1-year MCLR+2.00%, effective rate 10.55% p.a.

SBI Pensioners

1-year MCLR+1.00%, effective rate 9.55% p.a.

Loan Against Property (LAP)- Salaried (where more than 50% of NMI is coming from salary income)

Upto Rs. 1crs

1-year MCLR+1.85%, effective rate 10.40% p.a.

Above Rs. 1 cr & upto Rs. 2 crs.

1-year MCLR+2.35%, effective rate 10.90% p.a.

Above Rs. 2 crs to Rs. 7.50 crs

1-year MCLR+2.80%, effective rate 11.35% p.a.

Loan Against Property (LAP)- Non-Salaried (where more than 50% of NMI is coming from Business/Profession or rental income)

Upto Rs. 1crs

1-year MCLR+2.50%, effective rate 11.05% p.a

Above Rs. 1 cr & upto Rs. 2 crs.

1-year MCLR+3%, effective rate 11.55% p.a.

Above Rs. 2 crs to Rs. 7.50 crs

1-year MCLR+3.30%, effective rate 11.85% p.a

Corporate Home Loan

CRA

Interest Rate

SB-1 & SB-2

0.85% above 1-year MCLR, present effective rate: 9.40% p.a.

SB-3 to SB-5

1.35% above 1-year MCLR, present effective rate:9.90% p.a.

SB-6 to SB-8

1.85% above 1-year MCLR, present effective rate:10.40% p.a.

SB-9 & SB-10#

2.60% above 1-year MCLR, present effective rate:11.15% p.a.

#Above SB-8 &up to SB-10, subject to prior approval for deviation in minimum CRA by the Competent Authority.

Interest rate will be linked to 1-year MCLR and will be re-set at the end of every year from the date of first disbursement on the basis of prevailing one-year MCLR as on the date of reset. Interest Rates based on CRA, irrespective of the loan amount will be as mentioned above

SBI Bridge Home Loan

For First year : 2.45% above 1-year MCLR, current effective rate 11.00% p.a.

During second year : 3.45% above 1-year MCLR, current effective rate 12.00% p.a.

The interest rate in the account will be automatically reset at the end of first year from the date of first disbursement on the basis of prevailing one-year MCLR as on the date of reset.

SBI Privilage and Shaurya Schemes

(a) Where check-off facility is provided by the Government Department / Defense Establishment under tie-up with our Bank –

1) For Loan up to Rs 30 lacs:
Interest rate applicable to women will be applicable to men/others also after taking into consideration the rate applicable based on the LTV Ratio

2) For Loan Above Rs 30 lacs:
Interest rate applicable to women will be applicable to men/others also after taking into consideration the rate applicable based on the Risk Grade and limit.

(b) Where check-off facility is not available –
Interest rates as applicable to others category will be applicable after taking into consideration the LTV Ratio, Risk Grade, gender and limit.