Latest SBI Loan Interest Rates 2017 Against Securities

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Want to get a loan against SBI securities? Do you know the latest interest rates of loan against securities in SBI 2017? In this article I will be sharing almost every kind of loan you can apply in SBI against securities at one place.

It is always good to apply for such loans compared to personal loans as interest rates are very high in case of personal loans. Not only that there are processing fee when you apply for personal loans, but this kind of loans different as SBI is trying to give maximum benefit to their existing customers by offering a personal loan against securities with zero processing fee and lowest interest rates.

I took this information from SBI official website and the data might get changed as per SBI loan rules and updates. So, its better to refer to the official website for updated and accurate information.

Latest SBI Loan Against Securities Interest Rates 2017

1 year MCLR 9.05% w.e.f. 01.10.2016. 

Loan against Bank Time Deposit

TenureRate of Interest*
Loan against Bank Time Deposits1.00% over the rate paid on Relative time deposit.
Loan against NRO Fixed Deposit1.00% over the rate paid on Relative time deposit.
Loan against NRE Fixed Deposit1.00% over the rate paid on Relative time deposit.
Loan against Floating Rate Term Deposit1.50% over the rate paid on Relative time deposit

PERSONAL LOAN – FLOATING INTERST RATE

LOAN AGAINST SECURITIES

Loans against NSCs/KVPs/RBI Relief Bonds/Surrender Value of SBI Life /LIC/SBI Magnums,etc.

TenureRate of Interest*
All Tenures4.65% above 1 year MCLR, currently 13.55% p.a.

Loan against security of FCNR (B) Deposit.

TenureRate of Interest*
Loan against security of FCNR(B) Deposit240 bps above 1 year MCLR i.e., 11.30% p.a.

Loans against Shares / Debentures / Bonds

SchemeRate of Interest*
Equity Plus Scheme6.65% above 1 year MCLR, currently 15.55% p.a.
Loans against Shares3.15% above 1 year MCLR, currently 12.05% p.a.
Loans against Debentures6.65% above 1 year MCLR, currently 15.55% p.a.
Loan to employees to subscribe for ESOPs6.65% above 1 year MCLR, currently 15.55% p.a.

Loan for subscription to IPOs

SchemeRate of Interest*
For employees qualifying under Xpress Credit6.65% above 1 year MCLR, currently 15.55% p.a.
For Others7.15% above 1 year MCLR, currently 16.05% p.a.

Loan against units of SBI Debt Fund Series

SchemeRate of Interest*
Short Duration Loan4.65% above 1 year MCLR, currently 13.55% p.a.
Long Duration Loan4.65% above 1 year MCLR, currently 13.55% p.a.

So, whatever is your need for personal loan you can easily get the same from SBI in case you have similar account.

E.g. if you have a fixed deposit account with SBi you can get a loan, if you have a demat account in SBi you can get a cheap personal loan against your securities with SBI. Have you ever experienced with such loan? If so then share your experience by writing a simple comment below.

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