PERSONAL LOAN SCHEMES - Rate of Interest (w.e.f. 01.10.2018)

I. XPRESS CREDIT


Mean ROI for the quarter Jan-Mar’18 - 13.09%


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
8.60% 3.40% - 3.90% 12.00% - 12.50%

ii) ‘Overdraft’ facility:


2 year MCLR Spread over 2 year MCLR Effective Interest Rate with No Reset
8.60% 3.90% - 4.40% 12.50% - 13.00%

B. For Other Applicants


i) ‘Term Loan’ facility:

2 year MCLR Spread over 2 year MCLR Effective Interest Rate with No Reset
8.60% 3.40% - 5.40% 12.00% - 14.00%

ii) ‘Overdraft’ facility:


2 year MCLR Spread over 2 year MCLR Effective Interest Rate with No Reset
8.60% 3.90% - 6.40% 12.50% - 15.00%

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
8.60% 3.50% - 5.15% 12.10% - 13.75%

iv) ‘Overdraft’ facility:


2 year MCLR Spread over 2 year MCLR Effective Interest Rate with No Reset
8.60% 4.00% - 5.65% 12.60% - 14.25%

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
8.60% 4.80% - 6.80% 13.40% - 15.40%

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
8.60% 2.40% - 3.90% 11.00% - 12.50%

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
8.60% 2.65% - 4.15% 11.25% - 12.75%


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
8.60% 4.30% - 6.40% 12.90% - 15.00%

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
8.60% 5.05% - 6.65% 13.65% - 15.25%


VIII. OTHER UNSECURED PERSONAL LOANS

 


Other Unsecured Personal Loans – (1/2)

Scheme

Revised

2 year MCLR

Spread over 2 year MCLR

Effective Interest Rate with No Reset

Pension Loan

8.60%

3.35%

11.95%

Clean Overdraft

8.60%

8.45%

17.05%

Xpress Credit Insta Top-Up

8.60%

3.50%

12.10%


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)

8.50%

5.60%

14.10%