Personal Loans Schemes

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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

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