# State Bank of India: Interest Rates on 1st April, 2015

For the purpose of computing perquisite valuation

## A. Select Perquisite Value Calculator for Concessional or Interest Free Term Loans / Overdraft Limit -

## B. Perquisite Value Calculator of Motor Car / Any Other Vehicle

### Maxutils.com Contents Highlights

Home>> Income Tax >> You are Here

Last modified / updated Dec. 27, 2015

For the purpose of computing perquisite valuation

- For Overdraft Limit
- For Loans O/S as on 01.04.2015
- For Loans Availed / Adjusted During - Apr'15 to Mar'16

Home Loan Scheme | |
---|---|

Borrowers' category | Home Loan interest rate, irrespective of loan limit |

Women | 10 bps above the Base Rate i.e 10.10% p.a. |

Others | 15 bps above the Base Rate i.e. 10.15% p.a. |

SBI Car Loan Scheme | |

Borrowers' category | Irrespective of loan limit |

for Women | 0.40% above base rate, i.e. 10.40% p.a., for all tenure |

for Men | 0.45% above Base Rate, i.e. 10.45% p.a., for all tenure |

Used Car Loans | |

Up to 3 years | 7.25% above Base Rate i.e. 17.25% p.a. |

Above 3 yrs | 7.50% above Base Rate i.e. 17.50% p.a. |

Certified Pre-owned Car Loan scheme | |

Up to 3 years | 6.00% above Base Rate i.e. 16.00% p.a. |

Above 3 yrs | 6.50% above Base Rate i.e. 16.50% p.a. |

Two- Wheeler Loan | |

Up to 3 years | 8.25% above Base Rate i.e. 18.25% p.a. |

SBI Student Loan Scheme | |

For loans upto Rs.4 lacs | 3.50% above Base Rate, currently 13.50% p.a.
* for Girl Student 0.50% concession in interest rate |

Above Rs.4 lacs and upto Rs.7.50 lacs | 3.75% above Base Rate, currently 13.75% p.a.
* for Girl Student 0.50% concession in interest rate |

Above Rs.7.50 lacs | 1.75% above Base Rate, currently 11.75% p.a.
* for Girl Student 0.50% concession in interest rate |

Xpress Credit | |

Full Check-off | 300 bps - 350 bps above Base Rate i.e., 13.00 % p.a. - 13.50% p.a. |

Partial Check-off | 400 bps - 450 bps above Base Rate i.e., 14.00 % p.a. - 14.50% p.a. |

No check off | 500 bps - 550 bps above Base Rate i.e., 15.00 % p.a. - 15.50% p.a. |

Loan against Gold Ornaments | |

2.50% above Base Rate Floating, currently 12.50% p.a. | |

Loan against NSCs/ KVPs/ RBI Relief Bonds/ Surrender value of SBI Life/ LIC/ SBI Magnum etc. | |

4.50% above base Rate i.e., 14.50%. |