Personal Loans Schemes

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Personal Loans Schemes

PERSONAL LOAN SCHEMES - Rate of Interest (w.e.f. 15.11.2022)

Mean ROI for Xpress Credit (July-Sep’22) : 11.53%

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
8.25% 2.40% - 3.90% 10.65% - 12.15%

 ‘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
8.25% 2.40% - 4.90% 10.65% - 13.15%

 ‘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
8.25% 3.40% - 5.40% 11.65% - 13.65%

‘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
8.25% 2.40% - 3.90% 10.65% - 12.15%

Salary Account with another Bank:

2 year MCLR Spread over 2 year MCLR Effective Interest Rate with No Reset
8.25% 2.65% - 4.15% 10.90% - 12.40%

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
8.25% 3.50% 11.75%

 

VI. PENSION LOAN SCHEMES

Mean ROI for Pension Loan (April-June’22): 10.48%

Scheme 2 year MCLR Spread over 2 year MCLR Effective Interest Rate with No Reset
SBI Pension Loan 8.25% 2.55% 10.80%
Jai Jawan Pension Loan 8.25% 2.55% 10.80%
Pension Loan Scheme For Treasury & PSU Pensioners 8.25% 2.55%-3.05% 10.80%-11.30%
Pre-Approved Pension Loans(PAPNL) 8.25% 2.55% 10.80%
Pre-approved Insta Pension Top-Up 8.25% 2.55% 10.80%

 


Last Updated On : Tuesday, 15-11-2022

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