LOANS AGAINST SECURITIES & CONSUMER DURABLES & ECOMMERCE SCHEMES – RATE OF INTEREST (w.e.f. 10.11.2019)

A. LOANS AGAINST SECURITIES
Scheme
1 year MCLR
Spread over 1 year MCLR
Effective Interest Rate
Reset Period

Loan against Shares, Mutual Funds & Dual Advantage Fund

8.00%

2.50%

10.50%

1 year

Loan against SGB

8.00%

2.00%

10.00%

1 year

Loan against NSC/ KVP/ RBI Relief Bond/ Surrender Value of SBI Life/ LIC/ SBI Magnum

8.00%

4.65%

12.65%

1 year

Loan against FCNR (B) Deposit

8.00%

2.90%

11.90%

1 year



Loan against Bank Time Deposit (TDR/STDR)/FCNR(B) Deposit
Interest Rate

Loan against Bank’s Time Deposits (Domestic)

1.00% over the rate of interest paid on the relative Time Deposits offered as security irrespective of the loan amount

Loan against NRO Fixed Deposits

1.00% over the rate of interest paid on the relative Time Deposits offered as security irrespective of the loan amount

Loan against NRE Fixed Deposits

1.00% over the rate of interest paid on the relative Time Deposits offered as security irrespective of the loan amount



B. CONSUMER DURABLES & ECOMMERCE SCHEMES
Scheme
2 Year MCLR
Spread over 2 Year MCLR
Effective Interest Rate with No Reset

DL for e-Commerce purchases (Online EMI)

8.10%

 

7.50%

15.60%

DL for e-Commerce purchases (POS EMI)

8.10%

 

7.50%

15.60%