PERSONAL LOAN SCHEMES


Rate of Interest (w.e.f. 01.06.2018)

XPRESS CREDIT

Facility Type CIBIL TU Score 2 year MCLR Spread over 2 year MCLR Effective Interest Rate With No Reset

Term Loan

No Check Off

8.35%

3.40% -6.40%

11.75% -14.75%

Term Loan

Check Off

8.35%

2.90% -5.90%

11.25% -14.25%

Overdraft

No Check Off

8.35%

3.90% -6.90%

12.25% -15.25%

Overdraft

Check Off

8.35%

3.40% -6.40%

11.75% -14.75%


The effective Interest Rate is charged based on the External Credit Rating of the employer, creditworthiness of the borrower etc.


XPRESS BANDHAN

Gender Facility Type Check Off Category Rating 2 year MCLR Spread over 2 year MCLR Effective Interest Rate With No Reset

Female

Term  Loan

Check Off

A- and above

8.35%

3.90%

12.25%

Female

Term Loan

Check Off

BBB+ and below

8.35%

4.40%

12.75%

Female

Term Loan

No Check off

A- and above

8.35%

6.00%

14.35%

Female

Term Loan

No Check off

BBB+ and below

8.35%

6.50%

14.85%

Female

Overdraft

Check Off

A- and above

8.35%

4.15%

12.50%

Female

Overdraft

Check Off

BBB+ and below

8.35%

4.65%

13.00%

Female

Overdraft

No Check off

A- and above

8.35%

6.25%

14.60%

Female

Overdraft

No Check off

BBB+ and below

8.35%

6.75%

15.10%

Male

Term  Loan

Check Off

A- and above

8.35%

4.05%

12.40%

Male

Term Loan

Check Off

BBB+ and below

8.35%

4.55%

12.90%

Male

Term Loan

No Check off

A- and above

8.35%

6.15%

14.50%

Male

Term Loan

No Check off

BBB+ and below

8.35%

6.65%

15.00%

Male

Overdraft

Check Off

A- and above

8.35%

4.30%

12.65%

Male

Overdraft

Check Off

BBB+ and below

8.35%

4.80%

13.15%

Male

Overdraft

No Check off

A- and above

8.35%

6.40%

14.75%

Male

Overdraft

No Check off

BBB+ and below

8.35%

6.90%

15.25%


XPRESS CREDIT – IT EMPLOYEES SCHEME

Credit Info Bureau Score 2 year MCLR Spread over 2 year MCLR Effective Interest Rate With No Reset

 750 and above

8.35%

4.80%

13.15%

 550-749

8.35%

5.80%

14.15%

Less than 550/ No Score

8.35%

6.80%

15.15%

XPRESS ELITE SCHEME


SBI Salary Package A/C Holders

Credit Info Bureau Score 2 year MCLR Spread over 2 year MCLR Effective Interest Rate With No Reset

800 and above

8.35%

2.40%

10.75%

700-799

8.35%

2.90%

11.25%

600-699/ No Score

8.35%

3.90%

12.25%

Less than 600

No Loan

Other than Salary Package A/c Holders (including Applicants not maintaining Salary A/c with our Bank)


Credit Info Bureau Score 2 year MCLR Spread over 2 year MCLR Effective Interest Rate with No Reset

800 and above

8.35%

2.65%

11.00%

700-799

8.35%

3.15%

11.50%

600-699/ No Score

8.35%

4.15%

12.50%

Less than 600

No Loan


Xpress Credit - Non-Permanent Employees (NPEs)


Employer Type Rate of Interest

Government, Central PSUs, State PSUs, Defence personnel, Educational Institutions of National Repute

Check-off Category-I :

430 bps above 2 yr MCLR i.e. 12.65%

Check-off Category-II :

640 bps above 2 yr MCLR i.e. 14.75%

 

ii) Co-operatives/ Institutions not covered under regular Xpress Credit loan scheme and Unrated Corporates

Check-off Category-I :

505 bps above 2 yr MCLR i.e. 13.40%

Check-off Category-II :

665 bps above 2 yr MCLR i.e. 15.00%



Other Unsecured Personal Loans Revised - (1/2)
Scheme 2 year MCLR Spread over 2 year MCLR Effective Interest Rate With No Reset

SBI Pension Loan

8.35%

3.35 %

11.70%

Jai Jawan Pension Loan

8.35%

3.35 %

11.70%

Pension Loan To Coal Mines Provident Fund (CMPF) Pensioners

8.35%

3.35 %

11.70%

OD for e-Commerce purchases

8.35%

5.50%

13.85%

Clean Overdraft

8.35%

8.45%

16.80%

Other Unsecured Personal Loans Revised - (2/2)
Scheme 2 year MCLR Spread over 2 year MCLR Effective Interest Rate With No Reset

Pre-Approved Personal Loans

8.25%

5.60%

13.85%

SBI-Tatkal e-Personal Loan

8.25%

5.60%

13.85%

Loans Against Securities
Scheme 1 year MCLR Spread over 1 year MCLR Effective Interest Rate Reset Period

Gold Loan (all variants)

8.25%

2.00%

10.25%

1 year

Loan against Shares, Mutual Funds & Dual Advantage Fund

8.25%

2.50%

10.75%

1 year

Loan against SGB

8.25%

2.00%

10.25%

1 year

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

8.25%

4.65%

12.90%

1 year

Loan against FCNR (B) Deposit

8.25%

2.90%

11.15%

1 year


Loan Against Bank Time Deposite (TDR/STDR) Interest Rate

Loan against Bank’s Time Deposits (Domestic)

1.00% 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)

1.50% 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

1.00% over the rate of interest paid on the relative Time Deposits offered as security irrespective of the loan amount.

Loan against NRE Fixed Deposits

1.00% over the rate of interest paid on the relative Time Deposits offered as security irrespective of the loan amount.