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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