Friends, You will be surprised to know that why Interest Rate of State Bank of India dated 01.04.2011 is now publishing. I want to share that Interest Rate of 1st April, 2011 of only State Bank of India is important to calculate 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 1styear | 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 1styear | 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
No comments:
Post a Comment