**SBI Loan Interest Rates** : With a lot of expenses at times we cannot afford to buy things and we need a Loan. SBI has been one of the most preferred banks when it comes to taking a loan in India. The main reason is due to variety and flexibility of SBI Loan Schemes. Before taking the loan most of us are majorly concerned about the Repayment period and the Interest Rate the bank would be charging. Today, we will tell you the **current interest rates of SBI Loans** in India.

This article provides the Interest Rates of the following SBI Loans :

- SBI Home Loan.
- SBI Car Loan.
- SBI Personal Loan.
- SBI Gold Loan.
- SBI Loan against property.

**NOTE**** **: All Interest Rates are Subject to Change, without Notice.

## SBI Interest Rates for Loans

Before we know about the Interest Rates for SBI Loans, let us understand what actually Interest Rate is.

### What is Interest Rate ?

Interest rate is the amount charged as a percentage of principal, by a lender to a borrower for the use of assets. Interest rates are usually noted on an annual basis, called the annual percentage rate(i.e., percentage rate p.a or per annum).

### SBI Home/Housing Loan Interest Rate With effect from 05.10.2015 (Base Rate: 9.30%)

Borrowers’ category | Home Loan interest rate, irrespective of loan limit | EMI per Lac for 30 year Tenor | Maxgain above Rs. 1 crore | CRE Maxgain, irrespective of loan limit |
---|---|---|---|---|

Women | 20 bps above the BR i.e. 9.50% p.a. | Rs. 841 | 45 bps above the BR i.e. 9.75% p.a. | 65 bps above the BR i.e. 9.95% p.a. |

Others | 25 bps above the BR i.e. 9.55% p.a. | Rs. 845 | 50 bps above the BR i.e. 9.80% p.a. | 70 bps above the BR i.e. 10% p.a. |

### SBI Car/Auto Loan Interest Rate w.e.f. 05.10.2015 (Base Rate 9.30 % p.a.)

Scheme Name | Tenure | Interest rate | |
---|---|---|---|

For Men | For Women | ||

SBI Car Loan Scheme | For All Tenure | 0.55% above base rate i.e. 9.85% p.a. | 0.50% above base rate i.e. 9.80% p.a. |

SBI Combo Loan Scheme | For All Tenure | 0.55% above base rate i.e. 9.85% p.a. | 0.50% above base rate i.e. 9.80% p.a. |

NRI Car Loan | For All Tenure | 0.55% above base rate i.e. 9.85% p.a. | 0.50% above base rate i.e. 9.80% p.a. |

Used Car Loans | Up to 3 years | 7.60% above Base Rate i.e. 16.90% p.a. | |

Above 3 yrs up to 7 yrs | 7.85% above Base Rate i.e. 17.15% p.a. | ||

Certified Pre-owned car loan | Up to 3 years | 5.00% above Base Rate i.e. 14.30% p.a. | |

Above 3 yrs up to 7 yrs | 5.00% above Base Rate i.e. 14.30% p.a. | ||

SBI Loyalty Car Loan Scheme | Car Loan, Combo Loan, NRI Car Loan | 0.30% above BR i.e. 9.60% p.a. | 0.25% above BR i.e. 9.55% p.a. |

Certified Pre-owned Car Loan Scheme , Used Car Loan Scheme | 1.60% above BR i.e. 10.90% p.a. | 1.55% above BR i.e. 10.85% p.a. | |

SBI Nano Youth Car Loan Scheme | For All Tenure | 0.80% above base rate i.e. 10.10% p.a. | 0.75% above base rate i.e. 10.05% p.a. |

Super Bike Loan Scheme | For All Tenure | 3.35% above base rate i.e. 12.65% p.a. | |

SBI Two wheeler loan | For All Tenure | 8.60% above Base Rate i.e. 17.90% p.a. |

### SBI Personal Loan Interest Rate w.e.f. 05.10.2015(Base Rate 9.30%)

Scheme Name | Check Off | Rate of Interest* |
---|---|---|

Xpress Credit | Full Check-off (Category I) |
340 – 390 bps above Base Rate i.e., 12.70% – 13.20% p.a. currently |

Partial Check-off (Category II) |
440 – 490 bps above Base Rate i.e., 13.70% – 14.20% p.a. currently | |

No Check-off (Category III) |
540 – 590 bps above Base Rate i.e., 14.70% – 15.20% p.a. currently | |

SBI Pension Loans | 3.90% above Base Rate, currently 13.20% p.a. | |

Jai Jawan Pension Loan | 4.75% above Base Rate, currently 14.05% p.a. | |

SBI Saral | 8. 50% above Base Rate floating, currently 17.80% p.a. | |

Festival Loan Scheme | 6.75% above Base Rate, currently 16.05% p.a. | |

Clean Overdraft | 8.25% above Base Rate, currently 17.55% p.a. |

### SBI Gold Loan Interest Rate w.e.f. 05.10.2015 (Base Rate 09.30%)

Type of facility | Rate of Interest* |
---|---|

Demand Loan | 2.90% above Base Rate Floating, currently 12.20% p.a. |

Liquid Gold Loan Scheme – OD | 2.90% above Base Rate Floating, currently 12.20% p.a. |

### SBI Loan Against Property w.e.f. 05.10.2015(Base Rate 09.30%)

#### Loan against Mortgage of Immovable Property

Size of Credit Limit (Term Loan) | Rate of Interest* |
---|---|

Upto Rs. 1.00 crore | 290 bps above the Base Rate, currently 12.20% p.a. |

Above Rs. 1.00 crore | 315 bps above the Base Rate, currently 12.45% p.a. |

#### Rent Plus Scheme

Loan Amount | Rate of Interest* |
---|---|

Upto Rs. 7.50 crores in Metro Centres & upto Rs. 5.00 crores in non-metro centres | 325 bps above the Base Rate, currently 12.55% p.a. |

Above Rs. 7.50 crores in Metro Centres & Above Rs. 5.00 crores in non-metro centres | 340 bps above the Base Rate, currently 12.70% p.a. |