SBI Lending Rate AY 2011-12

Benny Thadathil (CDM) (317 Points)

05 May 2010

Do somebone have the SBI Lending rate applicble for the FY 2010-11 to compute interest perquisite.

Regards,

Benny

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4 Replies

Amir (Learner) (4016 Points)
Replied 06 May 2010

Dear Sir,

Rates as mentioned in the latest edition of Ready Reckoner -

The rates were as follows-

1) Housing Loan - 8%

2) Car Loan (for new Car) - 8%

3) Two wheeler Loan - 15.75%

4) Education loan - {other than Scholor Loan scheme where Rate was 10.25% + concession of 0.5% for Girl student}

a) Upto Rs. 4 Lacs - 11.25%

b) Above 4 Lacs - 12.75%

5) Personal Loan - 16%

6) Loan to employees to suscribe ESOP's - 14%

Note - the above rates were as mentioned on the SBI Website on 01.04.2010

Aditya Maheshwari (CA in Practice) (35867 Points)
Replied 06 May 2010

The interest rates can be viewed on this site also. https://www.statebankofindia.com/

S. Prabhat Patra (Service) (161 Points)
Replied 24 June 2010

Thanks a lot Aditya......... you mean I T Reckoner of of Taxmann... if so where do i find it in the reckoner

Regards, Prabhat

S. Prabhat Patra (Service) (161 Points)
Replied 24 June 2010

Got it Aditya.... thanks a lot....

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