STATE BANK OF TRAVANCORE

Interest Rate -  Loans

The Bank has implemented Base Rate framework with effect from 1st Jul 2010, in tune with the  methodology suggested by RBI. All categories of loans and advances [including Bills], sanctioned/renewed on or after 1st Jul 2010, other than those specifically exempted, will be priced with reference to Base Rate.

Base Rate as on 08.10.2012 is 10.25%

Benchmark Prime Lending Rate (BPLR) : 15.25 % pa
(with effect from 08.10.2012)  

The maximum spread over PLR will continue to be 4% for all advances other than consumer credit, clean advances, export credit and other exempted categories as per RBI directives.
 In the case of interest rate for loans with floating rates linked to BPLR/Base Rate, the interest rate is subject to change, with every increase or decrease in BPLR/Base Rate. Such change will be restricted to the extent of increase/decrease in BPLR/Base Rate.

FOLLOWING RATES ARE APPLICABLE FOR NEW LOANS SANCTIONED FROM THE EFFECTIVE DATE

Interest Rates - P&SB (resident) & NRI Advances linked to SBT Base Rate 
Base Rate as on 08.10.2012 is 10.25%

With Margin minimum 20%

With Margin not less than 25%

At 0.25% above base rate. Currently 10.50%.

At 0% above base rate. Currently 10.25%.

For Overdraft Home loan accounts (Maxgain) a differential rate of 0.25 % should be maintained over and above the above mentioned rate.

Rate

Up to 7Years

0.75% above Base rate i.e 11%

For overdraft Car loan accounts (Car loan OD) a differential rate of 0.50 % should be maintained over and above the above mentioned rates.

 Loan Scheme

Existing loans linked to PLR (15.25 %) / Base Rate (10.25 %)

New loans sanctioned from 11.01.13 linked to SBT Base Rate

Gold Loan 

0.25% below PLR

1.00% above Base Rate (Upto Rs 1 lac)

1.00% above Base Rate (Above Rs 1 lac upto Rs 10 lac)

1.00% above Base Rate (Upto Rs 1 lac)

1.00% above Base Rate (Above Rs 1 lac upto Rs 10 lac)

1.25% above Base Rate (Above Rs 10 lac upto Rs 25 lac)

NSC Loan 

OD 0.50% above PLR

5.00% above Base Rate

DL At PLR

4.50 % above Base Rate

Advance against shares

3% above PLR

7.50% above Base Rate

Akshaya

0.50 % above PLR

4.50% above Base Rate

Sowbhagya Loan

At PLR

4.50% above Base Rate

Clean overdraft

4% above PLR

8.50% above Base Rate

Sahaya Varsha 

With check off facility/Corporate guarantee/ Equitable mortgage - 

2% above PLR  

6.50% above Base Rate

Other than above - 3.00% above PLR

8% above Base Rate

Prasanthi/Jai Jawan Scheme/

Prasanthi Elite ( Loan for Pensioners) 

At PLR

4.50% above Base Rate

Loan scheme

Existing loans linked to PLR

New loans sanctioned from 01.07.10 linked to SBT Base Rate

Suvidha Loan 

TL – 1% above PLR

OD – 2% above PLR

5.50% above Base Rate

5.75% above Base Rate

Subha Yatra

0.50%above PLR

5% above Base Rate

Used Cars 

Upto 3 years – 2.25% above PLR  

6.75% above Base Rate

Above 3 years & upto 5 years – 2.50% above PLR

7% above Base Rate

Mitra Varsha

At PLR

4.50% above Base Rate

Purchase of House Site

At PLR

4.50% above Base Rate

Loans upto Rs.2 lacs in Personal

Segment Clean Overdraft

4% above PLR

8.50% above Base Rate

Loans upto Rs.2 lacs in Personal

Segment Term Loan

4.5% above PLR

9% above Base Rate

Two wheeler loans

2.25% above PLR

6.75% above Base Rate

Nature of advance against Term Deposits (Domestic/NRE/NRO)

Interest Rate

Margin

When the deposit is in the name of borrower

Staff

Upto Rs. 3 lakhs-

Same rate as applicable on the deposit

Above  Rs 3 lakhs 1% above deposit rate

NIL

Public

1% above deposit rate

10 %

Advance    against bank's   own   Term Deposits  /   Special Term   Deposits  / Recurring   Deposits  to  third  parties  in whose   name  the deposits  do   not stand

1. Loans upto Rs.2 lacs - 2.00% over the rate allowed on deposit OR BPLR whichever is higher.

b.      b.      Loans above Rs.2 lacs - 2% above rate allowed on deposit OR  Rate of Interest applicable  to the  activity financed (SIB/AGRI) whichever is higher.

If third party loan is granted in personal segment, rate of interest to be charged as applicable for the purpose /activity financed, ie. purchase of car, House etc. For this purpose the declaration given by the customer should ordinarily be accepted. If no such declaration is given, the rate applicable for Clean Overdraft OR BPLR whichever is higher will be charged.

15 %

Rupee Loan against FCNR Deposit

Interest

1. Loans to Account Holder

3% below SBTPLR

2. Loans to third Parties

at SBTPLR or 2% above the rate allowed on deposits or the rate of interest applicable to the activity financed whichever is higher

 Loan Amount

Existing loans linked to PLR

New loans sanctioned from 01.07.10 linked to SBT Base Rate

1. Upto Rs.4 lacs

0.75% below PLR

3.75% above Base Rate

2. Above Rs.4 lacs

At PLR

4.50% above Base Rate