Personal Loans Schemes - Interest Rates
Personal Loans Schemes
PERSONAL LOAN SCHEMES - Rate of Interest (w.e.f. 15.06.2024)
2-year MCLR @ 8.85%
Mean ROI for Xpress Credit (Q4 FY24): 12.61%
I. XPRESS CREDIT SCHEME [including Pre-Approved Xpress Credit (PAXC)/ RTXC/ RMP Xpress Credit]
A. Applicants of Defence/ Central Armed Police/ Indian Coast Guard
Spread over 2-year MCLR | Effective Interest Rate with No Reset |
---|---|
2.40% - 3.90% | 11.25% - 12.75% |
B. Applicants of Central Govt./ State Govt./ Police / Railway/ Central Public Sector Enterprises (CPSEs) Considered Under ‘RATNA’ Status
Spread over 2-year MCLR | Effective Interest Rate with No Reset |
---|---|
2.55% - 5.05% | 11.40% - 13.90% |
C. Applicants of Other Corporates
Spread over 2-year MCLR | Effective Interest Rate with No Reset |
---|---|
4.55% - 5.55% | 12.40% - 14.40% |
II. XPRESS ELITE SCHEME (including RTXC Elite)
A. Salary Account with SBI:
Spread over 2-year MCLR | Effective Interest Rate with No Reset |
---|---|
2.40% - 2.90% | 11.25% - 11.75% |
B. No loan to be offered in case salary account of the customer is not maintained/ shifted in our Bank.
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 (for customer not maintaining salary account with SBI)
No loan to be offered in case salary account of the customer is not maintained/ shifted in our Bank.
VI. PRE-APPROVED PERSONAL LOANS (PAPL) TO NON-CSP CUSTOMERS
Spread over 2 year MCLR | Effective Interest Rate with No Reset |
---|---|
5.05% - 5.55% | 13.90% - 14.40% |
Last Updated On : Wednesday, 26-06-2024
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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
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Loan Against Securities And Consumer Durable Loans
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Criteria
- Features
- Eligibility
- Terms and Conditions
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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