Personal Loans Schemes - Interest Rates

PERSONAL LOAN SCHEMES - Rate of Interest (w.e.f. 10.06.2020)

I. XPRESS CREDIT(including PAXC-Pre-Approved Xpress Credit)

Mean ROI for Xpress Credit : JAN -MAR’21 – 10.90%

A. For Defence/ Para-Military/ Indian Coast Guard Salary Package Applicants

i) ‘Term Loan’ facility:

ii) ‘Overdraft’ facility:

B. For Other Applicants:

i) ‘Term Loan’ facility:

ii) ‘Overdraft’ facility:

Note for loans under Xpress Credit scheme: Following category of borrowers will get special concessions:

-Subject to total maximum concession of 100 bps over the Card rate

II. XPRESS ELITE SCHEME

i. SBI Salary Package A/c Holders:

ii. Other than Salary Package A/c Holders (including Applicants not maintaining Salary A/c with our Bank):

III. XPRESS CREDIT- NON-PERMANENT EMPLOYEES (NPES)

i. Central and State Government, Quasi-Government, Central PSUs, State PSUs, Defence personnel, Educational Institutions of National Repute:

ii. Co-operatives/ Institutions not covered under regular Xpress Credit loan scheme and Unrated Corporates:

IV. OTHER UNSECURED PERSONAL LOANS

Mean ROI for Pension Loan : JAN -MAR’21 – 9.83%

(0.25% higher than Xpress credit scheme. for all brackets)