IT : SBI Lending Rates

SBI lending rates are as follows—

As on April As on April As on April As on As on As on As on
1, 2005 1, 2006† 1, 2007£ for April 1, 2008$ April 1, 200910 April 1, April 1,
for the for the the assessment for the for the 201012 for the 201114 for the
assessment assessment year 2008-09 assessment assessment assessment assessment
year 2006-07 year 2007-08 year 2009-10 year 2010-11 year 2011-12 year 2012-13
Housing loan11 Up to 5 years 8% 8.5% 10.25% 10%1, 10.25%2 9.75%4, 10.255% 8%
1 2 4 5
Above 5 years but 8.5% 8.75% 10.75% 10.25% , 10.50% 10% , 10.5% 8%
up to 10 years
Above 10 years but 8.5% 9% 10.75% 10.25%1, 10.50%2 10%4, 10.5%5 8% 8.75%, 10%15,
up to 15 years 10.25%16
Above 15 years but 8.75% 9.25% 10.75% 10.50%1, 10.75%2 10.25%4, 10.75%6, 8%
up to 20 years [Note 3] 11%7 [Note 3]
Car loan, for Up to 3 years 7.5% 8% 11.5% 11.5% 11.5% 8%
new car (Rs. 7.5 lakh** and
above)
Up to 3 years 8%*, 8.5%‡ 8.5%*, 8.75%‡ 11.75% 11.75% 11.75% 8% 11.25%17,
(below Rs. 7.5 11%18
lakh**)
Above 3 years but 8.25%*, 8.75%‡ 8.75%*, 9%‡ 11.75% 11.75% 11.75% 8%
up to 5 years
Above 5 years but 8.50%*, 9%‡ 8.75%*, 9.25%‡ 12% 12% 12% 8%
up to 7 years
Two wheeler 11% 11% 14.25% 15.50% 16.25% 15.75% 16.5%
loan
Education loan Loan amount up 10.5% 10.5% 11.5% 12.25% 11.75%9 11.25%13 12%19
to Rs. 4 lakh
Loan amount above 11.5% 11.5% 13.25% 13.25% 13.25%9, 12.5%8,9 12.75%,13 13.5%19,
Rs. 4 lakh 11.75%8, 13 12.5%8, 19
Personal loan 12.75% 12.75% 15.25% 15.50% 16.50% 16% 16.75%
Loan to emp-
loyees to subs-
cribe ESOP NA NA NA NA 14.50% 14% NA

†As downloaded from http://www.statebankofindia.com on April 4, 2006.

*Applicable in the case of metro/urban borrowings.
‡Applicable in the case of rural/semi-urban borrowings.
**Rs. 8 lakh (for the assessment year 2006-07).
£As downloaded from http://www.sbi.co.in on April 1, 2007.
$As downloaded from http://www.sbi.co.in on April 1, 2008.
1. Upto Rs. 20 lakh.
2. Above Rs. 20 lakh.
3. The same rates are applicable if loan is up to 25 years.
4. Up to Rs. 30 lakh.
5. Above Rs. 30 lakh.
6. Above Rs. 30 lakh but up to Rs. 75 lakh.
7. Above Rs. 75 lakh.
8. Above Rs. 7.5 lakh.
9. An interest concession of 0.50% to girl student availing education loan.
10. As downloaded from http://www.sbi.co. on April 1, 2009.
11. For the assessment year 2010-11, concessional rate of 8%, 8.5% or 9.25% is applicable, if a few conditions are satisfied.
12. As downloaded from http://www.sbi.co.in on April 1, 2010.
13. SBI Scholar Loan Scheme : 10.25%, 0.5% concession for girl student in the case of SBI Scholar Loan Scheme.
14. As downloaded from http://www.statebankofindia.com on April 1, 2011.
15. For home loan above Rs. 75 lakh but up to Rs. 5 crore.
16. For home loan above Rs. 5 crore.
17. For car loan of less than Rs. 5 lakh.
18. For car loan of Rs. 5 lakh and above.
19. 0.5% concession for girl student.