PERSONAL LOAN SCHEMES


Rate of Interest (w.e.f. 22.02.2018)

XPRESS CREDIT

Facility Type CIBIL TU Score 2 year MCLR Spread over 2 year MCLR Effective Interest Rate With No Reset

Term Loan

No Check Off
8.25%
3.40% - 6.40%
11.65% -14.65%

Term Loan.

Check Off
8.25%
2.90% -5.90%
11.15% -14.15%

Overdraft

No Check Off
8.25%
3.90% - 6.90%
12.15% -15.15%

Overdraf.

Check Off
8.25%
3.40% -6.40%
11.65% -14.65%

The effective Interest Rate is charged based on the External Credit Rating of the employer, creditworthiness of the borrower etc.


XPRESS CREDIT – IT EMPLOYEES SCHEME

Credit Info Bureau Score 2 year MCLR Spread over 2 year MCLR Effective Interest Rate With No Reset

750 and above

8.25%
4.80%
13.05%

550-749

8.25%
5.80%
14.05%

Less than 550/ No Score.

8.25%
6.80%
15.05%

XPRESS ELITE SCHEME


SBI Salary Package A/C Holders

Credit Info Bureau Score 2 year MCLR Spread over 2 year MCLR Effective Interest Rate With No Reset

800 and above

8.25%
2.40%
10.65%

700-799

8.25%
2.90%
11.15%

600-699/ No Score

8.25%
3.90%
12.15%

Less than 600

NO LOAN

Other than Salary Package A/c Holders (including Applicants not maintaining Salary A/c with our Bank)


Credit Info Bureau Score 2 year MCLR Spread over 2 year MCLR Effective Interest Rate with No Reset

800 and above

8.25%
2.65%
10.90%

700 - 779

8.25%
3.15%
11.40%

600-699 / No Score

8.25%
4.15%
12.40%

Less than 600

No Loan

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. 12.55%

Check-off Category-II * :
  • 640 bps above 2 yr MCLR i.e. 14.65%

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. 13.30%

Check-off Category-II * :
  • 665 bps above 2 yr MCLR i.e. 14.90%


Other Unsecured Personal Loans Revised
Scheme 2 year MCLR Spread over 2 year MCLR Effective Interest Rate With No Reset

SBI Pension Loan

8.25%
3.35%
11.60%

Jai Jawan Pension Loan

8.25%
3.35%
11.60%

PENSION LOAN TO COAL MINES PROVIDENT FUND (CMPF) PENSIONERS

8.25%
3.35%
11.60%

Clean Overdraft

8.25%
8.45%
16.70%

OD for e-Commerce purchases

8.25%
5.50%
13.75%
Loans Against Securities
Scheme 1 year MCLR Spread over 1 year MCLR Effective Interest Rate Reset Period

Gold Loan (all variants)

8.15%
2.00%
10.15%
1 year

Loan against Shares, Mutual Funds & Dual Advantage Fund

8.15%
2.50%
10.65%
1 year

Loan against SGB

8.15%
2.00%
10.15%
1 year

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

8.15%
4.65%
12.80%
1 year

Loan against FCNR (B) Deposit

8.15%
2.90%
11.05%
1 year

Loan Against Bank Time Deposite (TDR/STDR) 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 Floating Rate Term Deposit (Domestic)

1.50% over the rate of interest paid on the relative Time Deposits offered as security irrespective of the loan amount.

Loan against Bank’s Time Deposits and 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.