Sbi personal loan interest rate

This query is : Resolved

AJAY VEDPATHAK (Querist)
Follow

13 March 2015 Please provide SBI interest rate of personal loan for the purpose of computing perquisite valuation for the FY 2014-15

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

13 March 2015 you can visit the website of sbi for the same.

AJAY VEDPATHAK

AJAY VEDPATHAK (Querist)
Follow

13 March 2015 is this "Xpress Credit" ?

500 bps above Base Rate i.e., 15.00%

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
Follow

23 July 2025 For FY 2014-15, SBI's personal loan interest rate like "Xpress Credit" was generally around 15% (Base Rate + 500 basis points).

Yes, "Xpress Credit" is one of SBI's popular personal loan schemes, and the rate is roughly 500 bps (5%) above the Base Rate. The exact rate can vary slightly depending on your profile and location.

For perquisite valuation, use the SBI Base Rate + 5% as the interest rate for that financial year.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now