Personal Loans Schemes - Interest Rates
Personal Loans Schemes
PERSONAL LOAN SCHEMES - Rate of Interest (w.e.f. 15.02.2023)
Mean ROI for Xpress Credit (Oct-Dec’22) : 11.56%
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 |
---|---|---|
8.60% | 2.40% - 3.90% | 11.00% - 12.50% |
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 |
---|---|---|
8.60% | 2.40% - 4.90% | 11.00% - 13.50% |
C. Applicants of Other Corporates
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. XPRESS ELITE SCHEME
Salary Account with SBI:
2 year MCLR | Spread over 2 year MCLR | Effective Interest Rate with No Reset |
---|---|---|
8.60% | 2.40% - 2.90% | 11.00% - 11.50% |
Salary Account with another Bank:
2 year MCLR | Spread over 2 year MCLR | Effective Interest Rate with No Reset |
---|---|---|
8.60% | 2.65% - 3.15% | 11.25% - 11.75% |
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 |
---|---|---|
8.60% | 3.50% | 12.10% |
VII. PENSION LOAN SCHEMES
Mean ROI for Pension Loan (Oct-Dec'22): 10.52%
Scheme | 2 year MCLR | Spread over 2 year MCLR | Effective Interest Rate with No Reset |
---|---|---|---|
SBI Pension Loan | 8.60% | 2.55% | 11.15% |
Jai Jawan Pension Loan | 8.60% | 2.55% | 11.15% |
Pension Loan Scheme For Treasury & PSU Pensioners | 8.60% | 2.55%-3.05% | 11.15%-11.65% |
Pre-Approved Pension Loans(PAPNL) | 8.60% | 2.55% | 11.15% |
Pre-approved Insta Pension Top-Up | 8.60% | 2.55% | 11.15% |
Last Updated On : Friday, 17-02-2023

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