Personal Loans Schemes - Interest Rates
Personal Loans Schemes
PERSONAL LOAN SCHEMES - Rate of Interest (w.e.f. 15.05.2022)
Mean ROI for Xpress Credit : JAN -MAR’22 – 10.90%
I. XPRESS CREDIT
A. Applicants of Defence/ Central Armed Police/ Indian Coast Guard
i) ‘Term Loan’ facility:
2 year MCLR | Spread over 2 year MCLR | Effective Interest Rate with No Reset |
---|---|---|
7.40% | 2.40% - 3.90% | 9.80% - 11.30% |
‘Overdraft’ facility available at an additional interest rate of 0.50% over Term Loan
B. Applicants of Central Govt./ State Govt./ Police / Railway/ Central Public Sector Enterprises (CPSEs) Considered Under ‘RATNA’ Status
i) ‘Term Loan’ facility:
2 year MCLR | Spread over 2 year MCLR | Effective Interest Rate with No Reset |
---|---|---|
7.40% | 2.40% - 4.40% | 9.80% - 12.30% |
‘Overdraft’ facility available at an additional interest rate of 0.50% over Term Loan
C. Applicants of Other Corporates
i) ‘Term Loan’ facility:
2 year MCLR | Spread over 2 year MCLR | Effective Interest Rate with No Reset |
---|---|---|
7.40% | 3.40% - 5.40% | 10.80% - 12.30% |
‘Overdraft’ facility available at an additional interest rate of 0.50% over Term Loan
II. XPRESS ELITE SCHEME (Term Loan/ Overdraft)
Salary Account with SBI:
2 year MCLR | Spread over 2 year MCLR | Effective Interest Rate with No Reset |
---|---|---|
7.40% | 2.40% - 3.90% | 9.80% - 11.30% |
Salary Account with another Bank:
2 year MCLR | Spread over 2 year MCLR | Effective Interest Rate with No Reset |
---|---|---|
7.40% | 2.65% - 4.15% | 10.05% - 11.55% |
III. XPRESS LITE SCHEME
1% higher than I. Xpress Credit scheme for all brackets
IV. 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
V. XPRESS CREDIT INSTA TOP-UP LOANS
2 year MCLR | Spread over 2 year MCLR | Effective Interest Rate with No Reset |
---|---|---|
7.40% | 3.50% | 10.90% |
VI. PENSION LOAN SCHEMES
Mean ROI for Pension Loan (Jan-March’22): 9.83%
Scheme | 2 year MCLR | Spread over 2 year MCLR | Effective Interest Rate with No Reset |
---|---|---|---|
SBI Pension Loan | 7.40% | 2.55% | 9.95% |
Jai Jawan Pension Loan | 7.40% | 2.55% | 9.95% |
Pension Loan Scheme For Treasury & PSU Pensioners | 7.40% | 2.55%-3.05% | 9.95%-10.45% |
Pension Loan to Coal Mines Provident Fund (CMPF) Pensioner | 7.40% | 2.55% | 9.95% |
Pre-Approved Pension Loans(PAPNL) | 7.40% | 2.55% | 9.95% |
Pre-approved Insta Pension Top-Up | 7.40% | 2.55% | 9.95% |
VII. PRE-APPROVED PERSONAL LOANS (PAPL) TO NON-CSP CUSTOMERS THROUGH YONO
1 year MCLR | Spread over 1 year MCLR | Effective Interest Rate with No Reset |
---|---|---|
7.20% | 5.60% | 12.80% |
Last Updated On : Wednesday, 01-06-2022

Interest Rates
2.70% p.a.
Upto 1 lakh(w.e.f. 31.05.2020)
2.70% p.a.
Above 1 lakh (w.e.f. 31.05.2020)
2.70% p.a.
Upto 1 lakh (w.e.f. 31.05.2020)
2.70% p.a.
Above 1 lakh (w.e.f. 31.05.2020)
5.45%
3 years to less than 5 year
5.50%
5 years to less than 10 years
Loan Schemes Landing

Loan Against Securities And Consumer Durable Loans

Criteria
- Features
- Eligibility
- Terms and Conditions

Interest Rates
2.70% p.a.
Upto 1 lakh(w.e.f. 31.05.2020)
2.70% p.a.
Above 1 lakh (w.e.f. 31.05.2020)
2.70% p.a.
Upto 1 lakh (w.e.f. 31.05.2020)
2.70% p.a.
Above 1 lakh (w.e.f. 31.05.2020)
5.45%
3 years to less than 5 year
5.50%
5 years to less than 10 years