State Bank Of India (SBI) Background 
The bank traces its origin to the first decade of the 19th century. Later on, it was merged with the Imperial Bank. In the year 1955, the Government of India nationalized the Imperial Bank along with the Reserve Bank of India. Ever since that time, the bank acquired its present name that is SBI. State Bank Of India, Popularly known as SBI, is the country’s premier financial institution. SBI has been taken to be true the best bank 2009 by business India and it has also been positioned on a scale as no 1 in 4Ps b& M& ICMR measures taking on.
Leading Products Of State Bank Of India (SBI)
State Bank Of India (SBI) Branches
State Bank of India has 131 foreign offices in 32countries across the world. It has about 25,000 ATM’s and its associated banks have about 45,000ATMs. It has about 26,500 branches out of which some of the branches are related to its connected bank’s state bank of India covers 99345 offices in India.
The presence of the State Bank of India has also been felt at the international level as well. From December 2009, the bank had around 151 overseas offices spread over 32 countries. Its branches lie in the capital of different countries like Colombo, Dhaka, Frankfurt, Hong Kong, Tehran, London, Los Angles, Muscat, New York, Osaka, Sydney, and Tokyo.
It has offshore banking divisions in the Bahamas, Bahrain, and Singapore and representative offices in Bhutan and Cape Town. It also has an ADB in Boston, USA.
State Bank Of India (SBI) and Its Associates
SBI has five associate banks:
- State Bank of Bikaner & Jaipur
- State Bank of Hyderabad
- State Bank of Mysore
- State Bank of Patiala
- State Bank of Travancore
- State Bank of Saurashtra – merged with SBI in 2008.
- State Bank of Indore – merged with SBI in 2010.
State Bank Of India (SBI) Personal Loan
A personal loan is an unsecured loan, meaning the borrower does not place up any collateral or security to Personal Loan is an Unsecured Loan. Kit means a borrower will not have to pledge anything as collateral to the lender. In this loan, one will not have to provide any sort of guarantee to the lender. This loan is used to serve all sorts of long-term as well as short-term needs. One can use this loan for any legitimate purpose like expenses for traveling, medical expenses, meeting any financial liability such as marriage, educational expenses, etc.
Silent features of SBI – Saral Personal loan
- SBI Saral Eligibility: All Salaried individual of good quality corporate, Self-employed engineer, Doctor, Architect, Chartered accountant, MBA with a minimum of 2 years standing.
- Least possible amount: rs 24000 for metro, semi-urban type rs 10000.
- Maximum loan amount: For Salaried Individuals: 12 times Net Monthly Income, For Pensioners: subject to a ceiling of Rs.10 lakh
- Documents required: For existing bank customers: passport size photograph, For salaried individuals: latest salary slip and Form 16
- SBI Saral Interest Rates: 8.50% above Base Rate floating, currently 18.50% p.a.
- Processing fees: 2-3% of the loan amount
State Bank Of India (SBI) Home Loan
SBI Home Loan is a package of exclusive benefits including low-interest rates.SBI Home Loan is a process of parceling of uncommon, different benefits including low-interest rates. Further, we charge interest on a daily reducing balance, Low processing charges, No hidden costs or administrative charges, no prepayment penalties. SBI Home Loans are available to the customers under three categories: SBI Easy Home Loan, SBI advantage home loan, SBI premium home loan.
State SBI Home Loans: Loan Amount and Interest Rates
Card Rate applicable for the tenor of the loan – 1.50% above Base Rate, Present effective rate being 9.75% p.a.
(Base Rate: 10.00% p.a.)
| Product Name | Loan amount | Duration | Interest Rate |
| SBI easy home loan | Up to 30 lakh
(floating rate) |
1st year | 1% discount for Card Rate, present effective rate being 8.75% p.a |
| 2nd year | 0.25% discount for Card Rate, present effective rate is 9.50% p.a. | ||
| 3rd year | |||
| 4th year onwards | Card Rate | ||
| SBI Advantage Home Loan | 30-75 lakh | 1st year | 1.25% discount for Card Rate, present effective rate being 8.75% p.a |
| 2nd year | 0.50% discount for Card Rate, present effective rate being at 9.50% p.a | ||
| 3rd year | |||
| 4th year onwards | Card Rate | ||
| SBI Premium Home Loan | Above 75 lakh | Card Rate applicable for the tenor of the loan is 1.75% over the Base Rate, present effective rate being 10.00% p.a. |
State Bank Of India (SBI) Education Loan
SBI offers Education Loans for pursuing higher education in India or abroad where admission has been secured. The courses covered under this loan facility by SBI have been categorized under two broad categories: For Studies in India and For Studies Abroad. SBI offers Education Loan for studies in India with the maximum amount of Rs.10 lakh and study abroad Rs. 20 lakh.
State Bank Of India (SBI) Education Loan Interest Rates
- Base Rate 8.25 % w.e.f. 14.02.2011
| Loan Amount | Interest Rates |
| Up to Rs.4 lacs | 12.50% p.a |
| Above Rs.4 lacs and up to Rs.7.50 lacs | 13. 75% p.a |
| Above Rs.7.50 lacs | 11.75% p.a |
*above rates are subject to change without notice
State Bank Of India (SBI) Car Loan
State Bank of India offers SBI Ezee Car Loan for the purchase of a new brand car, MUV’s (Multi Utility Vehicles), and SUVs with a minimum loan amount of Rs 5 lakhs and above. It provides a loan amount of 85 % of the (on-road car price) to the consumer. In the case of the corporate salary package accounts, the amount is given about 90 % of the market price of the car. It also offers flexible monthly repayments.
State Bank Of India (SBI) Education Loan Interest Rates
| Type Of Loan | Term | Interest Rate |
| Term Loan | 1st year | 9.25% p.a |
| For 2nd & 3rd year | 10.25% p.a | |
| For 4th to 7th year | 11.25% p.a | |
| Overdraft | 0.50% more than the existing rate for Term loans | |
