Sbi personal loan interest rate
This query is : Resolved
AJAY VEDPATHAK
(Querist)
13 March 2015
Please provide SBI interest rate of personal loan for the purpose of computing perquisite valuation for the FY 2014-15
13 March 2015
you can visit the website of sbi for the same.
AJAY VEDPATHAK
(Querist)
13 March 2015
is this "Xpress Credit" ?
500 bps above Base Rate i.e., 15.00%
500 bps above Base Rate i.e., 15.00%
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.
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.
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