Information of loan

PERSONAL LOAN SCHEMES – Rate of Interest (w.e.f. 10.06.2020)

I. XPRESS CREDIT(including PAXC-Pre-Approved Xpress Credit)

Mean ROI for Xpress Credit : JAN -MAR’21 – 10.90%

A. For Defence/ Para-Military/ Indian Coast Guard Salary Package Applicants

i) ‘Term Loan’ facility:2 year MCLRSpread over 2 year MCLREffective Interest Rate with No Reset7.20%3.40% – 3.90%10.60% – 11.10%

ii) ‘Overdraft’ facility:2 year MCLRSpread over 2 year MCLREffective Interest Rate with No Reset7.20%3.90% – 4.40%11.10% – 11.60%

B. For Other Applicants:

i) ‘Term Loan’ facility:2 year MCLRSpread over 2 year MCLREffective Interest Rate with No Reset7.20%3.40% – 5.40%10.60% – 12.60%

ii) ‘Overdraft’ facility:2 year MCLRSpread over 2 year MCLREffective Interest Rate with No Reset7.20%3.90% – 5.90%11.10% – 13.10%

Note for loans under Xpress Credit scheme: Following category of borrowers will get special concessions:

CriteriaConcession OfferedLoan amount >= Rs 10,00,000.50 bps in Rate of InterestPlatinum Salary Package customers50 bps in Rate of Interest

Central Public Sector Enterprises (CPSEs) Considered Under ‘RATNA’ Status50 bps in Rate of Interes

-Subject to total maximum concession of 100 bps over the Card rate

II. XPRESS ELITE SCHEME

i. SBI Salary Package A/c Holders:2 year MCLRSpread over 2 year MCLREffective Interest Rate with No Reset7.20%2.40% – 3.90%9.60% – 11.10%

ii. Other than Salary Package A/c Holders (including Applicants not maintaining Salary A/c with our Bank):2 year MCLRSpread over 2 year MCLREffective Interest Rate with No Reset7.20%2.65% – 4.15%9.85% – 11.35%

III. XPRESS CREDIT- NON-PERMANENT EMPLOYEES (NPES)

i. Central and State Government, Quasi-Government, Central PSUs, State PSUs, Defence personnel, Educational Institutions of National Repute:2 year MCLRSpread over 2 year MCLREffective Interest Rate with No Reset7.20%4.30% – 6.40%11.50% – 13.60%

ii. Co-operatives/ Institutions not covered under regular Xpress Credit loan scheme and Unrated Corporates:2 year MCLRSpread over 2 year MCLREffective Interest Rate with No Reset7.20%5.05% – 6.65%12.25% – 13.85%

IV. OTHER UNSECURED PERSONAL LOANS

Mean ROI for Pension Loan : JAN -MAR’21 – 9.83%Other Unsecured Personal Loans

Scheme

Revised2 year MCLRSpread over 2 year MCLREffective Interest Rate with No ResetPension Loan(including PAPNL-Pre Approved pension Loans)7.20%2.55%-3.05%9.75%-10.25%Clean Overdraft7.20%8.45%15.65%Xpress Credit Insta Top-Up7.20%3.50%10.70%Other Unsecured Personal LoanScheme1 year MCLRSpread over 2 year MCLREffective Interest Rate ResetPre-Approved Personal Loans (PAPL)7.00%5.60%12.60%Scheme2 year MCLRSpread over 2 year MCLREffective Interest Rate with No ResetSPL. PAPL7.20%2.40%9.60%SBI QUICK PERSONAL LOANS THROUGH CLP PORTALScheme2 year MCLRSpread over 2 year MCLREffective Interest Rate with No ResetSBI Quick Personal loan
Through CLP portal7.20%3.65 – 5.65%10.85% – 12.85%