SBI personal loans interest rates range from 10.05% to 15.05% p.a. based on 2 year MCLR @ 8.80%. However, the bank has not explicitly disclosed how factors such as credit score, employer’s profile, monthly income, and loan amount impact the interest rates for its personal loan schemes. Nevertheless, most lenders usually consider these factors when determining the interest rates for personal loans.
SBI Pension Loan Interest Rates for Various Schemes
Stated below are the interest rates of Pension Loan Schemes based on 2-year MCLR @ 8.85%:-
| Scheme | Spread over 2-year MCLR | Interest Rates (p.a.) |
|---|---|---|
| SBI Pension Loan | 2.55% | 11.40% |
| Pension Loan to Treasury/ PSU Pensioners* | 2.55% - 3.05% | 11.40% - 11.90% |
| Jai Jawan Pension Loan | 2.55% | 11.40% |
| Pre-Approved Pension Loans (PAPNL) | 2.55% | 11.40% |
Note: *A premium of 0.50% will be charged if their pension payment authority does not provide a written undertaking stating that it won't allow pension transfer to another bank or branch without a No Objection Certificate (NOC) from SBI.
