Personal Loans Schemes

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Personal Loans Schemes

PERSONAL LOAN SCHEMES - Rate of Interest (w.e.f. 15.02.2023)

Mean ROI for Xpress Credit (Oct-Dec’22) : 11.56%

I. XPRESS CREDIT

A. Applicants of Defence/ Central Armed Police/ Indian Coast Guard

2 year MCLR Spread over 2 year MCLR Effective Interest Rate with No Reset
8.60% 2.40% - 3.90% 11.00% - 12.50%

 

B. Applicants of Central Govt./ State Govt./ Police / Railway/ Central Public Sector Enterprises (CPSEs) Considered Under ‘RATNA’ Status

2 year MCLR Spread over 2 year MCLR Effective Interest Rate with No Reset
8.60% 2.40% - 4.90% 11.00% - 13.50%

 

C. Applicants of Other Corporates

2 year MCLR Spread over 2 year MCLR Effective Interest Rate with No Reset
8.60% 3.40% - 5.40% 12.00% - 14.00%

 

II. XPRESS ELITE SCHEME 

Salary Account with SBI:

2 year MCLR Spread over 2 year MCLR Effective Interest Rate with No Reset
8.60% 2.40% - 2.90% 11.00% - 11.50%

Salary Account with another Bank:

2 year MCLR Spread over 2 year MCLR Effective Interest Rate with No Reset
8.60% 2.65% - 3.15% 11.25% - 11.75%

 

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 (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

VI. XPRESS CREDIT INSTA TOP-UP LOANS

2 year MCLR Spread over 2 year MCLR Effective Interest Rate with No Reset
8.60% 3.50% 12.10%

 

VII. PENSION LOAN SCHEMES

Mean ROI for Pension Loan (Oct-Dec'22): 10.52%

Scheme 2 year MCLR Spread over 2 year MCLR Effective Interest Rate with No Reset
SBI Pension Loan 8.60% 2.55% 11.15%
Jai Jawan Pension Loan 8.60% 2.55% 11.15%
Pension Loan Scheme For Treasury & PSU Pensioners 8.60% 2.55%-3.05% 11.15%-11.65%
Pre-Approved Pension Loans(PAPNL) 8.60% 2.55% 11.15%
Pre-approved Insta Pension Top-Up 8.60% 2.55% 11.15%

 


Last Updated On : Friday, 17-02-2023

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