LOANS AGAINST SECURITIES & CONSUMER DURABLES & ECOMMERCE SCHEMES – RATE OF INTEREST (w.e.f. 01.09.2018)

A. LOANS AGAINST SECURITIES
Scheme
1 year MCLR
Spread over 1 year MCLR
Effective Interest Rate
Reset Period

Loan against Shares, Mutual Funds & Dual Advantage Fund

8.45%

2.50%

10.95%

1 year

Loan against SGB

8.45%

2.00%

10.45%

1 year

Loan against NSC/ KVP/ RBI Relief Bond/ Surrender Value of SBI Life/ LIC/ SBI Magnum

8.45%

4.65%

13.10%

1 year

Loan against FCNR (B) Deposit

8.45%

2.90%

11.35%

1 year



Loan against Bank Time Deposit (TDR/STDR)
Interest Rate

Loan against Bank’s Time Deposits (Domestic)

over the rate of interest paid on the relative Time Deposits offered as security irrespective of the loan amount.

Loan Against Floating Rate Term Deposit (Domestic)

over the rate of interest paid on the relative Time Deposits offered as security irrespective of the loan amount.

Loan against Bank’s Time Deposits and NRO Fixed Deposits

over the rate of interest paid on the relative Time Deposits offered as security irrespective of the loan amount.

Loan against NRE Fixed Deposits

over the rate of interest paid on the relative Time Deposits offered as security irrespective of the loan amount.



B. CONSUMER DURABLES & ECOMMERCE SCHEMES
Scheme
MCLR
Spread over MCLR
Effective Interest Rate with No Reset

DL for e-Commerce purchases

8.55%

(2 year)

5.50%

14.05%

SBI-Tatkal e-Personal Loan

8.45%

(1 year)

5.60%

14.05%