SCHEME OF 1% INTEREST SUBVENTION ON HOUSING LOANS

The Union Finance Minister during the Budget for 2009-10, had announced a Scheme of 1 per cent Interest Subvention in respect of individual housing loans upto Rs.10 lakh, provided the cost of unit does not exceed Rs.20 lakh. The validity period for the scheme is 1^st Oct 2009 to 31^st March 2011.

From 01.04.2011 onwards the scheme was modified with eligibility extended to individual housing loans upto Rs.15 lakh, provided the cost of unit does not exceed Rs.25 lakh. The present validity period for the scheme is 1^st April 2011 to 31^stMarch 2013.

HOME LOANS - INTEREST RATES

Interest Rate For Home Loan (House Building Loan)
All Rate are floating only

(Base Rate= 10.00% p.a.)


Loan Amount                   Linkage with Base Rate over    Effective Rate
                                        the tenor of the loan

Upto Rs. 30.00 lacs         0.75% above Base Rate           10.75% p.a.*

Above Rs. 30.00 lacs      1.00% above Base Rate           11.00% p.a.*
and upto Rs. 75.00 lacs

Above Rs. 75.00 lacs      1.25% above Base Rate           11.25% p.a.*

No fixed rate option in any limit bracket.


* A concession of 0.25% in card interest rate over the tenor of Home Loan is available under ongoing special Home Loan campaign upto 30.09.2012.

NRI Car Loan Interest Rate

State Bank of India: Interest Rates on 1^st April, 2012

For the purpose of computing perquisite valuation

Interest rates as on 1^st April, 2012 on various loans in Personal Segment advances are as under

NRI Car Loan
For all tenures		1.25% above Base Rate i.e. 11.25% p.a.

Download term deposits interest calculator

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State Bank of India (SBI) Fixed Deposits, Time Deposits or Term Deposits Maturity Interest Calculator. The Calculator calculates the Interest or Maturity Amount you will get after maturity of Fixed Deposits or Term Deposits. State Bank of India (SBI) Fixed Deposits, Time Deposits or Term Deposits Maturity Interest Calculator: is an investment planning tool which allows any Fixed Deposit investor to know the effective annual interest, total returns and total interest or Maturity (Future) Value on the Investment to the individual or business enterprise.

Term deposit is a deposit held at a financial institution that has a fixed term.This is an account which allows to deposit money for a fixed time period. The advantages of term deposits compared to usual savings are the higher interest rates as they have a fixed term. Fixed Depositor Term Deposit is a fixed amount of money deposited at a financial institution, for a fixed time period and for a fixed rate of interest throughout the period. The rate of investment on it is decided by the financial institution, and it is usually calculated based on the invested amount and the tenure of the fixed deposit. Once the term is over, a fixed deposit matures and the maturity amount is available for withdrawal.

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