Interest Rates - Business
Interest Rates
State Bank of India: Interest Rates on 1st APRIL, 2021
For the purpose of computing perquisite valuation
Interest rates as on 1st APRIL, 2021 on various loans in Personal Segment advances are as under
External Bench Mark lending Rate (EBR):6.65%
(A)- HOME LOANS (TERM LOAN):
I. TERM LOANS UPTO RS 30 LACS: (EBR: 6.65%)
Revised Interest Rate | |||
---|---|---|---|
Salaried Borrowers (%) : | Non-Salaried Borrowers (%) : | ||
Women | LTV ≤ 80 |
6.95(30 bps above EBLR of 6.65%) |
7.10(45 bps above EBLR of 6.65%) |
LTV > 80 and ≤ 90 |
7.05(40 bps above EBLR of 6.65%) | 7.20(55 bps above EBLR of 6.65%) | |
Other | LTV ≤ 80 | 7.00(35 bps above EBLR of 6.65%) | 7.15(50 bps above EBLR of 6.65%) |
LTV > 80 and ≤ 90 |
7.10(45 bps above EBLR of 6.65%) | 7.25(60 bps above EBLR of 6.65%) |
II. TERM LOANS ABOVE RS 30 LACS AND UPTO RS 75 LACS: (EBR: 6.65%))
Revised Interest Rate | ||
---|---|---|
Salaried Borrowers (%) : | Non-Salaried Borrowers (%) : | |
Women | 7.20(55 bps above EBLR of 6.65%) | 7.35(70 bps above EBLR of 6.65%) |
Other | 7.25(60 bps above EBLR of 6.65%) | 7.40(75 bps above EBLR of 6.65%) |
III. TERM LOANS ABOVE RS 75.00 LACS – FLOATING RATE: (EBD: 6.65%)
Revised Interest Rate | ||
---|---|---|
Salaried Borrowers (%) : | Non-Salaried Borrowers (%) : | |
Women | 7.30(65 bps above EBLR of 6.65%) | 7.45(80 bps above EBLR of 6.65%) |
Other | 7.35(70 bps above EBLR of 6.65%) | 7.50(85 bps above EBLR of 6.65%) |
Product | Interest rate |
---|---|
CRE Home Loan | A premium of 50 bps over and above the interest rate applicable to Home Loan will be charges |
PERSONAL LOAN SCHEMES – RATE OF INTEREST (As on 01.04.2021)
A. For Defence/ Para-Military/ Indian Coast Guard Salary Package Applicants
CIC Score (CIBIL CV Score | 2-year MCL | Spread over 2 year MCLR | Effective Interest Rate with No Reset |
---|---|---|---|
≥ 670 | 7.20% | 3.40% | 10.60% |
650-669 | 7.20% | 3.90% | 11.10% |
B. For Central Govt. Salary Package/ State Govt. Salary Package/ Police Salary Package/ Railway Salary Package/ Central Public Sector Enterprises (CPSEs) Considered Under ‘RATNA’ Status Applicants and for applicants of identified reputed Corporates;
CIC Score (CIBIL CV Score | 2-year MCLR | Spread over 2 year MCLR | Effective Interest Rate with No Reset |
---|---|---|---|
≥ 761 | 7.20% | 3.40% | 10.60% |
735-760 | 7.20% | 3.90% | 11.10% |
670-734 | 7.20% | 4.40% | 11.60% |
650-669 | 7.20% | 4.90% | 12.10% |
C. For Other Corporate Salary Package (CSP) Applicants:
CIC Score (CIBIL CV Score | 2-year MCLR | Spread over 2 year MCLR | Effective Interest Rate with No Reset |
---|---|---|---|
≥ 761 | 7.20% | 4.40% | 11.60% |
735-760 | 7.20% | 4.90% | 12.10% |
670-734 | 7.20% | 5.40% | 12.60% |
<670 | No Loan |
Note: a) In case of the NIL CIC Score, Risk Scoring Model (RSM) score shall substitute the CIC Score in interest rate structure as under:
RSM | ≥75 | 66-74 | 57-65 | 41-56 | |
---|---|---|---|---|---|
Govt. SP (DSP, ICGSP, PMSP, RSP, PSP,SGSP, CGSP, etc.) |
(CIBIL CV Score) | ≥ 761 | 735-76 | 670-734 | 650-669 |
Corporate salary package customers (CSP |
(CIBIL CV Score) | ≥ 761 | 735-760 | 670-734 | 670-734 |
c) Following category of borrowers will get special concessions*:
Criteria | Concession Offered |
---|---|
Loan amount ≥ Rs 10,00,000 | 50 bps in Rate of Interestst |
Platinum Salary Package customers | 50 bps in Rate of Interest |
Central Public Sector Enterprises (CPSEs) Considered Under ‘RATNA’ Status |
50 bps in Rate of Interest |
*Subject to condition that total concession shall not exceed 100 bps and Salary account is linked to respective Employer Code wherever applicable.
d) ‘Overdraft’ Facility: In case of the customer who avails Overdraft (OD) facility, 50 bps premium will be charged over and above the applicable interest rate.
II. XPRESS ELITE SCHEME:(Term loan/ Overdraft)
A. SBI Salary Package A/c Holders:
CIC Score (CIBIL CV Score | 2-year MCLR | Spread over 2 year MCLR | Effective Interest Rate with No Reset |
---|---|---|---|
≥ 791 | 7.20% | 2.40% | 9.60% |
735-790 | 7.20% | 2.90% | 10.10% |
650-734/ NIL Scor | 7.20% | 3.90% | 11.10% |
<650 | No Loan |
B. Other than Salary Package A/c Holders (including Applicants not maintaining Salary A/c with our Bank):
CIC Score (CIBIL CV Score | 2-year MCLR | Spread over 2 year MCLR | Effective Interest Rate with No Reset |
---|---|---|---|
≥ 791 | 7.20% | 2.65% | 9.85% |
735-790 | 7.20% | 3.15% | 10.35% |
650-734/ NIL Scor | 7.20% | 4.15% | 11.35% |
<650 | No Loan |
Note: No further concession is permitted under the Scheme.
III. III.XPRESS CREDIT- NON-PERMANENT EMPLOYEES (NPES)
Employer Type | Rate of Interest |
---|---|
i) Central and State Government, Quasi- Government, Central PSUs, State PSUs, Defence personnel, Educational Institutions of National Repute |
Check-off Category-I : 430 bps above 2 yr MCLR i.e. 11.50% Check-off Category-II: 640 bps above 2 yr MCLR i.e. 13.60% |
ii) Co-operatives/ Institutions not covered under regular Xpress Credit loan scheme and Unrated Corporates | Check-off Category-I: 505 bps above 2 yr MCLR i.e. 12.25% Check-off Category-II: 665 bps above 2 yr MCLR i.e. 13.85% |
IV. XPRESS LITE SCHEME : 1% higher than Xpress Credit scheme for all brackets
V. PRE-APPROVED XPRESS CREDIT ON YONO (PAXC)
Category | (CIBIL CV Score) | 2 year MCLR with no reset | Spread over 2 year MCL | Effective Interest Rate with No Reset |
---|---|---|---|---|
DSP/PMSP/ICGSP applicants | ≥ 670 | 7.20% | 3.40% | 10.60% |
<670 | 7.20% | 3.90% | 11.10% | |
CGSP, PSP, RSP, SGSP, CSP customer with Select Employer Code | ≥ 761 | 7.20% | 3.40% | 10.60% |
735-760 | 7.20% | 3.90% | 11.10% | |
670-734 | 7.20% | 4.40% | 11.60% | |
650-669 | 7.20% | 4.90% | 12.10% | |
Others | ≥ 761 | 7.20% | 4.40% | 11.60% |
735-760 | 7.20% | 4.90% | 12.10% | |
670-734 | 7.20% | 5.40% | 12.60% |
VI.OTHER UNSECURED PERSONAL LOANS
VI.OTHER UNSECURED PERSONAL LOANS
Scheme | (2 year MCLR) | Spread over 2 year MCLR | Effective Interest Rate with No Reset |
---|---|---|---|
SBI Pension Loan* | 7.20% | 2.55% | 9.75% |
Jai Jawan Pension Loan | 7.20% | 2.55% | 9.75% |
Pension Loan To Coal Mines Provident Fund (CMPF) Pensioners | 7.20% | 2.55% | 9.75% |
Pre-Approved Pension Loans on YONO (PAPNL) | 7.20% | 2.55% | 9.75% |
Insta Pension | 7.20% | 2.55% | 9.75% |
Xpress Credit Insta Top-Up | 7.20% | 3.50% | 10.70% |
SPL. PAPL | 7.20% | 2.40% | 9.60% |
Clean Overdraft | 7.20% | 8.45% | 15.65% |
*The Treasury/PSU Pensioners to be charged a premium of 0.50% in case concerned Treasury/ PSU (Pension Payment Authorities) do not give consents/undertaking in writing that it will not accept any request from the pensioner to transfer his pension payment to any other Bank/ Branch till a NOC is issued by our Bank/Branch.
VII. SBI Quick Personal Loan Scheme through CLP portal
(for customer not maintaining salary account with SBI) : 0.25% higher than Xpress Credit Scheme for all Brackets
VIII. Pre-Approved Personal Loans (PAPL)- Non-CSP
VI.OTHER UNSECURED PERSONAL LOANS
Scheme | 1 year MCLR | Spread over 1 year MCLR | Effective Interest Rate with No Reset |
---|---|---|---|
Pre-Approved Personal Loans (PAPL) Non-CSP | 7.00% | 5.60% | 12.60% |
EDUCATION LOAN SCHEMES - RATE OF INTEREST (As on 01.04.2021)
SBI STUDENT LOAN SCHEME | ||||
---|---|---|---|---|
Loan Limit | 3 year MCLR | Spread | Effective Interest Rate | Rate Type |
Upto Rs 7.5 Lacs |
7.30% | 2.00% | 9.30% | Fixed |
Concession |
0.50% concession in interest for girl students | |||
Above Rs 7.5 Lacs |
7.30% | 2.00% | 9.30% | Fixed |
Concession |
0.50% concession in interest for girl students | |||
0.50% concession for students availing of SBI Rinn Raksha or any other existing policy assigned in favour of our Bank |
SBI SCHOLAR LOAN SCHEME | |||||
---|---|---|---|---|---|
LIST | 1 year MCLR | Spread | Effective Interest Rate | Rate Type | |
List AA |
ROI |
6.55% | 0.20% | 6.85%(with co-borrower) | Fixed |
List A |
All IIMs & IITs |
6.55% | 0.35% | 7.00% | Fixed |
Other institutes |
6.65% | 0.50% | 7.15% | Fixed | |
Concession |
No Further Concession | ||||
List B |
All NITs |
6.65% | 0.50% | 7.15% | Fixed |
Other institutes |
6.65% | 1.00% | 7.65% | Fixed | |
Concession |
No Further Concession | ||||
List C |
All NITs |
6.65% | 0.50% | 7.15% | Fixed |
Other institutes |
6.65% | 1.50% | 8.15% | Fixed | |
Concession |
No Further Concession |
PART-TIME COURSES(Available only at mapped branches for 15 selected Institutions) | ||||
---|---|---|---|---|
Loan Limit | 3 year MCLR | Spread | Effective Interest Rate | Rate Type |
Upto Rs 7.5 Lacs |
7.30%% | 2.00% | 9.30% | Fixed |
Concession |
0.50% concession in interest for girl students |
SBI SKILL LOAN SCHEME | ||||
---|---|---|---|---|
Loan Limit | 3 year MCLR | Spread | Effective Interest Rate | Rate Type |
Upto Rs 1.5 Lacs |
7.30% | 1.50% | 8.80% | Fixed |
Concession |
No Further Concession |
SBI GLOBAL ED-VANTAGE SCHEME | ||||
---|---|---|---|---|
Loan Limit | 3 year MCLR | Spread | Effective Interest Rate | Reset Period |
Above Rs. 20 lacs & Upto Rs 1.5 Cr |
7.30% | 2.00% | 9.30% | Fixed |
Concession |
0.50% concession for students availing of SBI Rinn Raksha or any other existing life insurance policy assigned in favour of our Bank |
Further Concession |
||
0.50% concession for girl students |
SBI TAKEOVER OF COLLATERALISED EDUCATION LOANS SCHEME | ||||
---|---|---|---|---|
Loan Limit | 3 year MCLR | Spread | Effective Interest Rate | Rate Type |
Above Rs 10 lacs & Upto Rs 1.5 Cr |
7.30% | 2.00% | 9.30% | Fixed |
Concession |
0.50% concession in interest for girl students |
Last Updated On : Monday, 27-06-2022

Interest Rates
2.70% p.a.
Upto 1 lakh(w.e.f. 31.05.2020)
2.70% p.a.
Above 1 lakh (w.e.f. 31.05.2020)
2.70% p.a.
Upto 1 lakh (w.e.f. 31.05.2020)
2.70% p.a.
Above 1 lakh (w.e.f. 31.05.2020)
5.45%
3 years to less than 5 year
5.50%
5 years to less than 10 years