State Bank of India Interest Rates Dated 1-April-2011

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


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