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State Bank of India (SBI): Interest Rates on 1st April, 2011
For the purpose of computing perquisite valuation
Interest rates as on 1st April, 2011 on various loans in Personal Segment advances are as under –
| 1. Home Loans | |||||
| Loan amount | Upto Rs.30 lacs | Above Rs. 30 lacs to Rs. 75 lac | Above Rs.75 lac to Rs.5 Cr. | Above 5 cr. | |
| Interest rate during 1st year | 8.75% . | 8.75% . | 10% | 10.25% | |
| Interest rate during 2nd & 3 rd year | 9.50%. | 9.50% | 10% | 10.25% | |
| Interest rate from 4th year onwards | 9.75% | 10.00% | 10% | 10.25% | |
| 2. Car Loans | |||||
| Loan amount | Below Rs.5 lacs | Rs.5 lacs and above | |||
| Interest rate during 1st year | 9.25% p.a. | 9.25% p.a. | |||
| Interest rate during 2nd & 3 rd year | 10.25% p.a. | 10.25% p.a. | |||
| Interest rate for 4th & 5th year | 11.25% | 11.00% | |||
| Interest rate for 6th & 7th year | 11.25% | 11.00% | |||
| Used Cars | |||||
| Up to 3 years | 15.50 % | ||||
| Above 3 years and upto 7 years | 15.75 % | ||||
| 3. Two wheeler | |||||
| Upto 3 years | 16.50% | ||||
| 4. Education loans | |||||
| SBI Student Loans* | upto Rs.4 Lac – 12.00%Loans above Rs.4 Lac and upto 7.50 lacs – 13.50%Loans above Rs.7.5. Lac- 12.5% | ||||
| 5. Personal loans | |||||
| Xpress credit (Demand Loan) | 13.25% TO 15.25% | ||||
| Xpress credit (Overdraft) | No Overdraft | ||||
| SBI Saral | 16.75% | ||||
| 6. Loans against NSCs/KVPs/RBI Relief Bonds/Surrender value of SBI Life/LIC/SBI Magnums etc. | |||||
| Upto 3 years | 12.75% | ||||
| More than 3 years and upto 6 years | 12.75% | ||||
| 7. Loans against Gold Oranaments | Upto Rs.1 lac:12.50%Above Rs.1 lac:13% | ||||
* 0.50% additional concession for girl students w.e.f. 02.03.2009
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