HOME LOANS: FLOATING INTEREST CARD RATES W.E.F.01.10.2019

(A)- HOME LOAN INTEREST CARD RATE STRUCTURE (FLOATING) : EBR 8.05%(REPO RATE+2.65%)

LOAN AMOUNT SALARIED

 

TERM LOAN

MAXGAIN

Up to Rs 30 Lacs
EBR + 15 bps
ER: 8.20%
(ER: Effective Rate)
EBR + 40 bps
ER: 8.45%
Above Rs 30 Lacs to Rs 75 Lacs
EBR + 40 bps
ER: 8.45%
EBR + 65 bps
ER: 8.70%
Above Rs 75 Lacs
EBR + 50 bps
ER: 8.55%
EBR + 75bps
ER: 8.80%
  • A premium of 15 bps will be added to the Card Rate for Non-Salaried Customers.
  • A premium of 10 bps will be added to the Card Rate for Loan up to Rs 30 Lacs if LTV ratio is >80% & <=90%.
  • A premium of 10 bps will be added to the Card Rate for customers falls under RG (4 to 6) .
  • 05 bps concession will be available to women.
  • Premium of Risk Grade 04 to 06, Loan up to Rs 30 Lacs if LTV ratio is >80% & <=90% and concession for women customers will be clubbed with Card Rate/ other premium for arriving at Final Rate for the customer.

(B)- HOME TOP UP CARD INTEREST RATE STRUCTURE (FLOATING) : EBR 8.05%

  Applicable Interest rate

 

TERM LOAN

Overdraft

Up to Rs. 20lacs
EBR + 55 bps
ER: 8.60%
N. A.
Above Rs.20 lacs and up to Rs.1 crore
EBR + 75 bps
ER: 8.80%
EBR + 145 bps
ER: 9.50%
Above Rs.1 crore and up to Rs.2crores
EBR + 95 bps
ER: 9.00 %
EBR + 170 bps
ER: 9.75 %
Above Rs.2 Crores and up to Rs.5 Crores
EBR + 140 bps
ER: 9.45%
 
Above Rs.5 crores
EBR + 260 bps
ER: 10.65%
 
  • A premium of 15 bps will be added to Card Rate for Non-Salaried Customers.
  • A premium of 10 bps will be added to the Card Rate for customers falls under Risk Grade 04 to 06.
  • Premium of Risk Grade 04 to 06 will be clubbed with other premium for arriving at final Rate for the customers.

INSTA HOME TOP UP LOAN (Rs 01 Lacs to Rs 05 Lacs)

125 bps above EBR, irrespective of Risk Grades, Gender and occupation.


  EBR 8.05%

SMART HOME TOP UP LOAN Applicable Interest Rate

 

SALARIED

NON-SALARIED

TERM LOAN
EBR + 110bps
ER: 9.15%
EBR + 160 bps
ER: 9.65%
OVERDRAFT
EBR + 160 bps
ER: 9.65%
EBR + 210 bps
ER: 10.15%

(C)- SBI REALTY LOANS :

For First Five Years EBR 8.05%

LOAN AMOUNT Applicable Interest rate
Up to Rs 30 Lacs
EBR + 85 bps
ER: 8.90%
Above Rs 30 Lacs to Rs 75 Lacs
EBR + 95 bps
ER: 9.00%
Above Rs 75 Lacs
EBR + 105 bps
ER: 9.10%
  • A premium of 10 bps will be added to the Card Rate for customers falls under Risk Grade 04 to 06.
  • 05 bps concession will be available to women.
  • A premium of 05 bps will be added for the customers who is not having salary account with SBI.
  • An additional premium of 395 bps will be added to the final rate in case the construction of house is not completed and a completion certificate is not submitted by borrowers within the stipulated period of 5 years from the date of first disbursement (this will be applicable for new loans sanctioned w.e.f 01st October 2019).

(D)- PERSONAL LOAN AGAINST PROPERTY (P-LAP) : EBR 8.05%

    Applicable Interest rate

Personal Loan Against Property (P-LAP)
i) Salaried (where more than 50% of NMI is coming from salary income) and Non-Salaried (where more than 50% of NMI is coming from Business/ Profession or rental income income), If the residential property is self-Occupied

 

Up to Rs. 1crs

 

 

EBR + 185 bps
ER: 9.90%

 

Above Rs. 1 cr & up to Rs. 2 crs.
EBR + 235 bps
ER: 10.40%

Personal Loan Against Property (P-LAP)
ii) Salaried (where more than 50% of NMI is coming from salary income), If the residential property is not self-Occupied/ commercial property

 

Up to Rs. 1crs

 

 

EBR + 195 bps
ER: 10%

 

Above Rs. 1 cr & up to Rs. 2 crs.
EBR + 245 bps
ER: 10.50%

Personal Loan Against Property (P-LAP)
iii) Non-Salaried (where more than 50% of NMI is coming from Business/ Profession or rental income income), If the residential property is not self-Occupied/ commercial property

 

Up to Rs. 2 crs

 

 

EBR + 250 bps
ER: 10.55%

 

Personal Loan Against Property (P-LAP)
iv) Salaried and Non-Salaried (where more than 50% of NMI is coming from Business/ Profession or rental income income), If the residential property is not self-Occupied/ commercial property

 

Above Rs 2 crs and Up to Rs 7.5 crs

 

 

EBR + 270 bps
ER: 10.75%

 

(E)- SBI BRIDGE LOAN : EBR 8.05%

  Applicable Interest rate
FOR FIRST YEAR
EBR + 255 bps
ER: 10.35%
FOR SECOND YEAR
EBR + 355 bps
ER: 11.60%

(F)- EMD SCHEME : EBR 8.05%

  Applicable Interest rate
EMD SCHEME
EBR + 350 bps
ER: 11.55%

(G)- REVERSE MORTGAGE LOAN EBR 8.05%

  Applicable Interest rate
For Public
EBR + 210 bps
ER: 10.15%
For SBI Pensioners
EBR + 110 bps
ER: 09.15%

(H)- SBI PRIVILEGE AND SHAURYA SCHEMES

  SBI Privilege and Shaurya Schemes
SBI Privilege and Shaurya Schemes

(a) Where check-off facility is provided by the Government Department / Defense Establishment under tie-up with our Bank –
Interest rate applicable to women will be applicable to men/others.

(b) Where check-off facility is not available –
Interest rates as applicable to others category will be applicable after taking into consideration the LTV Ratio, Risk Grade, gender and limit.