Personal Loans Schemes - Interest Rates
Personal Loans Schemes
PERSONAL LOAN SCHEMES - Rate of Interest (w.e.f. 15.07.2023)
Mean ROI for Xpress Credit (April-June’23): 12.52%
I. XPRESS CREDIT
A. Applicants of Defence/ Central Armed Police/ Indian Coast Guard
2 year MCLR | Spread over 2 year MCLR | Effective Interest Rate with No Reset |
---|---|---|
8.65% | 2.40% - 3.90% | 11.05% - 12.55% |
B. Applicants of Central Govt./ State Govt./ Police / Railway/ Central Public Sector Enterprises (CPSEs) Considered Under ‘RATNA’ Status
2 year MCLR | Spread over 2 year MCLR | Effective Interest Rate with No Reset |
---|---|---|
8.65% | 2.40% - 4.90% | 11.05% - 13.55% |
C. Applicants of Other Corporates
2 year MCLR | Spread over 2 year MCLR | Effective Interest Rate with No Reset |
---|---|---|
8.65% | 3.40% - 5.40% | 12.05% - 14.05% |
II. XPRESS ELITE SCHEME
Salary Account with SBI:
2 year MCLR | Spread over 2 year MCLR | Effective Interest Rate with No Reset |
---|---|---|
8.65% | 2.40% - 2.90% | 11.05% - 11.55% |
Salary Account with another Bank:
2 year MCLR | Spread over 2 year MCLR | Effective Interest Rate with No Reset |
---|---|---|
8.65% | 2.65% - 3.15% | 11.30% - 11.80% |
III. XPRESS FLEXI SCHEME (Overdraft Facility
0.25% higher than I. Xpress Credit scheme for Diamond Salary Package customers and II. Xpress Elite scheme for Platinum Salary Package customers
IV. XPRESS LITE SCHEME
1% higher than I. Xpress Credit scheme for all brackets
V. SBI QUICK PERSONAL LOAN SCHEME THROUGH CLP PORTAL (i.e., https://www.sbiloansin59minutes.com)
(for customer not maintaining salary account with SBI)
0.25% higher than I. Xpress Credit Scheme for all Brackets
VI. XPRESS CREDIT INSTA TOP-UP LOANS
2 year MCLR | Spread over 2 year MCLR | Effective Interest Rate with No Reset |
---|---|---|
8.65% | 3.50% | 12.15% |
VII. PRE-APPROVED PERSONAL LOANS (PAPL) TO NON-CSP CUSTOMERS
2 year MCLR | Spread over 2 year MCLR | Effective Interest Rate (Fixed for entire loan tenure with no reset) |
---|---|---|
8.65% | 4.90% - 5.40% | 13.55% - 14.05% |
VIII. PENSION LOAN SCHEMES
Mean ROI for Pension Loan (April-June'23): 11.28%
Scheme | 2 year MCLR | Spread over 2 year MCLR | Effective Interest Rate with No Reset |
---|---|---|---|
SBI Pension Loan | 8.65% | 2.55% | 11.20% |
Jai Jawan Pension Loan | 8.65% | 2.55% | 11.20% |
Pension Loan Scheme For Treasury & PSU Pensioners | 8.65% | 2.55%-3.05% | 11.20% - 11.70% |
Pre-Approved Pension Loans(PAPNL) | 8.65% | 2.55% | 11.20% |
Pre-approved Insta Pension Top-Up | 8.65% | 2.55% | 11.20% |
Last Updated On : Friday, 21-07-2023

Interest Rates
2.70% p.a.
less than Rs.10 Cr. w.e.f 15.10.22
3.00% p.a.
Rs.10 Cr. and above w.e.f 15.10.22
2.70% p.a.
Balance below Rs. 10 crs
3.00% p.a.
Balance Rs. 10 crores and above
Loan Schemes Landing

Loan Against Securities And Consumer Durable Loans

Criteria
- Features
- Eligibility
- Terms and Conditions

Interest Rates
2.70% p.a.
less than Rs.10 Cr. w.e.f 15.10.22
3.00% p.a.
Rs.10 Cr. and above w.e.f 15.10.22
2.70% p.a.
Balance below Rs. 10 crs
3.00% p.a.
Balance Rs. 10 crores and above