PERSONAL LOAN SCHEMES - Rate of Interest (w.e.f. 10.12.2018)

I. XPRESS CREDIT


Mean ROI for the quarter Oct-Dec’18 - 13.05%


A. For Defence/ Para-Military/ Indian Coast Guard Salary Package Applicants


i) ‘Term Loan’ facility:


2 year MCLR Spread over 2 year MCLR Effective Interest Rate with No Reset
8.65% 3.40% - 3.90% 12.05% - 12.55%

ii) ‘Overdraft’ facility:


2 year MCLR Spread over 2 year MCLR Effective Interest Rate with No Reset
8.65% 3.90% - 4.40% 12.55% - 13.05%

B. For Other Applicants


i) ‘Term Loan’ facility:

2 year MCLR Spread over 2 year MCLR Effective Interest Rate with No Reset
8.65% 3.40% - 5.40% 12.05% - 15.05%

ii) ‘Overdraft’ facility:


2 year MCLR Spread over 2 year MCLR Effective Interest Rate with No Reset
8.65% 3.90% - 6.40% 12.55% - 15.55%

Note for loans under Xpress Credit scheme: Following category of borrowers will get special concessions:


Criteria Concession Offered
Where ‘Check-Off’ is provided. 50 bps in Rate of Interest
Loan amount >= Rs 10,00,000. 50 bps in Rate of Interest

II. XPRESS POWER SCHEME

 


iii) ‘Term Loan’ facility:


2 year MCLR Spread over 2 year MCLR Effective Interest Rate with No Reset
8.65% 3.50% - 5.15% 12.15% - 13.80%

iv) ‘Overdraft’ facility:


2 year MCLR Spread over 2 year MCLR Effective Interest Rate with No Reset
8.65% 4.00% - 5.65% 12.65% - 14.30%

Note for loans under Xpress Power scheme: Following category of borrowers will get special concessions:


Criteria Concession Offered
Where ‘Check-Off’ is provided. 50 bps in Rate of Interest
Loan amount >= Rs 10,00,000. 50 bps in Rate of Interest


V. XPRESS CREDIT – IT EMPLOYEES SCHEME

 

2 year MCLR Spread over 2 year MCLR Effective Interest Rate with No Reset
8.65% 4.80% - 6.80% 13.45% - 15.45%

VI. XPRESS ELITE SCHEME

 

i. SBI Salary Package A/c Holders:


2 year MCLR Spread over 2 year MCLR Effective Interest Rate with No Reset
8.65% 2.40% - 3.90% 11.05% - 12.55%

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


2 year MCLR Spread over 2 year MCLR Effective Interest Rate with No Reset
8.65% 2.65% - 4.15% 11.30% - 12.80%


VII. XPRESS CREDIT- NON-PERMANENT EMPLOYEES (NPES)

 


i. Central and State Government, Quasi-Government, Central PSUs, State PSUs, Defence personnel, Educational Institutions of National Repute:


2 year MCLR Spread over 2 year MCLR Effective Interest Rate with No Reset
8.65% 4.30% - 6.40% 12.95% - 15.05%

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


2 year MCLR Spread over 2 year MCLR Effective Interest Rate with No Reset
8.65% 5.05% - 6.65% 13.70% - 15.30%


VIII. OTHER UNSECURED PERSONAL LOANS

 


Mean ROI for Pension Loan the Oct-Dec’18 - 11.96%

Other Unsecured Personal Loans – (1/2)

Scheme

Revised

2 year MCLR

Spread over 2 year MCLR

Effective Interest Rate with No Reset

Pension Loan

8.65%

3.35%

12.00%

Clean Overdraft

8.65%

8.65%

17.10%

Xpress Credit Insta Top-Up

8.65%

3.50%

12.15%


Other Unsecured Personal Loans – (2/2)

Scheme

Revised

1 year MCLR

Spread over 1 year MCLR

Effective Interest Rate with No Reset

Pre-Approved Personal Loans (PAPL)

8.55%

5.60%

14.15%