Latest news with #XpressLite
News18
2 days ago
- Business
- News18
SBI Personal Loan Guide July 2025: Schemes, Rates And Charges Explained
Last Updated: In July, SBI offers personal loan interest rates between 10.30 per cent and 15.30 per cent per year. The State Bank of India (SBI) continues to be one of the top choices for personal loans in July this year. With various loan schemes designed for salaried individuals and pensioners, SBI offers competitive interest rates, flexible eligibility, and convenient repayment options. Whether you are a government employee, private-sector worker, or pensioner, there is likely an SBI loan plan that fits your needs. You can check the updated interest rates and processing fees for SBI personal loans in July below: Interest Rates on SBI Personal Loans As of July 2025, SBI's personal loan interest rates are linked to the 2-year Marginal Cost of Funds based Lending Rate (MCLR), which is currently 9.05 per cent (effective from March 14, this year). On top of this, the bank adds a spread ranging from 1.25 per cent to 6.25 per cent, depending on your credit score, income, employer category, and your relationship with the bank. This brings the effective interest rate to a range between 10.30 per cent and 15.30 per cent per annum. Processing fees As per Mint, SBI charges a processing fee of up to 1.5 per cent of the loan amount, which can vary from Rs 1,000 to Rs 15,000, plus GST. If you choose to repay your loan early (for fixed-rate loans), you will need to pay a foreclosure fee of 3 per cent of the prepaid amount. Meanwhile, missed EMIs attract a penal charge of 2 per cent per month on the overdue amount. In addition, actual charges can vary based on your profile. – Under the Xpress Elite scheme, government, PSU, and defence employees with SBI salary accounts get rates of about 11.45 per cent to 11.95 per cent. – For private sector employees, the rates range between 11.60 per cent and 14.10 per cent. – The Xpress Credit scheme targets salaried professionals in corporates, with rates from 12.60 per cent to 14.60 per cent. – New or entry-level employees can consider Xpress Lite, with lower rates starting at 10.30 per cent and going up to 12.10 per cent. Pension Loan Options SBI also caters to pensioners. Government retirees can avail of loans at rates between 11.15 per cent and 11.65 per cent, while defence pensioners under the Jai Jawan Pension Loan scheme are charged a flat 11.15 per cent. For pre-approved pension loans for existing customers, the rate also stands at 11.15 per cent. These loans often have reduced processing fees. How to Calculate Your EMI Your loan EMI will depend on the loan amount, interest rate, and tenure you choose. Higher loan amounts or longer tenures lead to higher EMIs. To plan better, you can use SBI's EMI calculator on their website to estimate your monthly repayment. view comments First Published: July 09, 2025, 13:02 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
New Indian Express
4 days ago
- Business
- New Indian Express
Air India Express announces flash sale with domestic fares from Rs 1,299, international from Rs 4,340
KOCHI: Air India Express has launched a limited-period 'Flash Sale' across its domestic and international network. On domestic routes, logged-in users can book Xpress Lite starting from Rs 1,299 (with zero check-in baggage) for logged-in members and Xpress Value fares from Rs 1,499. Travellers can book their flights on these attractive fares through the airline's website, and mobile app. For international routes, the flash sale fares start from Rs 4,340 for Xpress Lite, Rs 4,914 for Xpress Value, and Rs 5,776 for Xpress Flex. The discounted fares for both domestic and international flights are valid for bookings made until July 18, 2025, and travel between July 15 and September 21, 2025. The airline offers Zero Convenience Fees on Xpress Lite bookings made with select payment methods on the airline's website and mobile app. Xpress Lite fares also offer added benefits, including the option to pre-book an additional 3 kg of cabin baggage at no cost and discounted check-in baggage rates – Rs 1,000 for 15 kg on domestic flights and Rs 1,300 for 20 kg on international flights.
Mint
09-07-2025
- Business
- Mint
SBI personal loan interest rate July 2025: Check updated rates and processing fees
The State Bank of India (SBI) provides personal loans under multiple different schemes for salaried individuals and pensioners. With competitive interest rates and wide eligibility coverage, the SBI's personal loans are one among the most sought after options in July 2025. Parameter Value 2-Year MCLR (effective 14 Mar 2025) 9.05% Interest rate spread over MCLR 1.25% - 6.25% Effective interest rate range 10.30% - 15.30% per annum Note: Actual interest rate depends on the borrower's credit profile, income level, employer category, and SBI relationship. Charge type Details Processing fee Up to 1.5% of loan amount ( ₹ 1,000– ₹ 15,000) + GST Prepayment/ Foreclosure 3% of prepaid principal (for fixed-rate loans) Penal charges 2% per month on overdue EMI Note: Actual interest rate depends on the borrower's credit profile, income level, employer category, and SBI relationship. Scheme Eligible borrowers Interest spread over MCLR Effective rate (approximately) Xpress Elite (Govt/PSU/Defence) Salary A/c with SBI 2.40% – 2.90% 11.45% – 11.95% Xpress Elite (Private) Salary A/c (Non-govt.) 2.55% – 5.05% 11.60% – 14.10% Xpress Credit (General Corporates) Salaried 3.55% – 5.55% 12.60% – 14.60% Xpress Lite Entry-level salaried ~1.25% – 3.05% 10.30% – 12.10% Note: Interest rates depend on loan amount, employer category, and credit score. Scheme Eligible pensioners Interest rate (per annum) Pension Loan (Treasury/PSU) Government pensioners 11.15%-11.65% Jai Jawan Pension Loan Defence pensioners 11.15% Pre-approved Pension Loans Existing customers 11.15% Note: Processing fees are generally lower for pension loans; check scheme terms. SBI personal loan interest rates are linked to the 2-year Marginal Cost of Funds based Lending Rate (MCLR), which stands at 9.05% as of 14 March 2025. The final interest rate is calculated by adding a spread ranging from 1.25% to 6.25% over this base rate. Consequently, the effective personal loan interest rate offered by SBI falls between 10.30% and 15.30%, depending on factors such as the borrower's credit score, the type of employer, and the specific loan scheme chosen. Do keep in mind that your SBI personal loan EMI depends on a host of factors such as loan amount, interest rate, repayment tenure. That is why a higher loan or rate means a higher EMI. You can use SBI's official EMI calculator available on the SBI website to get quick estimates. Credit score: A credit score of over 750 can help you secure lower interest rates. Employment type: Government and defence employees may receive better rates. Monthly income: Higher consistent income can improve your eligibility criteria. Employer category: Working in PSU or Category 'A' firms can help with better offers. Loan amount & tenure: Larger loans or longer terms can influence the final rate. Disclaimer: The interest rates, fees, and terms mentioned are indicative and subject to change at the bank's discretion. Always verify the latest details with SBI before applying for a loan.
Gulf Insider
06-06-2025
- Business
- Gulf Insider
UAE-India Flights: Air India Express Cuts Fares
UAE residents planning trips to India can take advantage of a new 'flash sale' announced by Air India Express. The budget carrier has slashed flights between the UAE and India for a limited period, with prices starting from just ₹5,786 (Dh247.7) for Xpress Lite fares. The 'Flash Sale' offers discounted fares across different categories, including Xpress Value at ₹6,128 (Dh262.42) and Xpress Flex at ₹7,041 (Dh301.5). These special fares are valid for travel on July 22, 24, and 25. Air India Express, a Tata Enterprise and a subsidiary of Air India operates a significant number of flights connecting 38 domestic and 17 international airports, making it a popular choice for travellers between the UAE and India. The airline operates over 500 daily flights, connecting 38 domestic and 17 international airports, with a fleet of 112 aircraft comprising 72 Boeing 737s and 40 Airbus A320s. Bookings for this limited-time offer are open until June 6. They can be made through the airline's website ( mobile app, and other primary booking channels. Air India Express also offers zero convenience fees on Xpress Lite bookings made through its website. Passengers opting for Xpress Lite fares can also pre-book an additional 3 kg of cabin baggage for free and avail of discounted check-in baggage rates of ₹1,300 (Dh55.6) for 20 kg on international flights. Fares are also discounted on domestic routes. Travellers can book Express Lite fares starting from Dh57.7. Domestic flight sales are valid for travel between June 12 and September 24. Loyalty members can also benefit from exclusive deals, including 25 per cent off on Xpress Biz fares and upgrades and discounts on excess baggage, seat selection, and meals. Special offers are also available for students, senior citizens, doctors, nurses, and members of the armed forces and their dependents. Also read: UAE Exempts 222 Citizens From $39mn in Debts
Time of India
02-06-2025
- Business
- Time of India
Air India Express to launch direct Bengaluru-Kathmandu flights from June 1; tickets starting Rs 8,000
PUNE: Extending its footprint in the subcontinent, Air India Express has launched direct flights between Bengaluru and Kathmandu, bringing Nepal into its expanding network. Operations on this route commenced on June 1, airline officials said. Tired of too many ads? go ad free now Bookings are now open on the airline's award-winning website, , and other major booking channels, with attractive inaugural fares starting at Rs. 8,000 for Xpress Lite and Rs. 8,500 for Xpress Value. Commenting on the launch of services to Kathmandu, Aloke Singh, Managing Director, Air India Express, said, 'We are delighted to expand our footprint to Nepal, our neighbouring country in the subcontinent, further strengthening the deep-rooted cultural and economic ties we share. This new route brings people, tales, and traditions closer, while reinforcing our vision of making travel more accessible and meaningful. It also builds on our recent expansion into short-haul international leisure destinations such as Bangkok and Phuket.' The new route also enables convenient one-stop connections to Kathmandu via Bengaluru from 20 cities across India, Amritsar, Bhubaneswar, Delhi, Goa, Gwalior, Hindon, Hyderabad, Indore, Jammu, Jaipur, Kozhikode, Kochi, Mangaluru, Pune, Srinagar, Surat, Tiruchirappalli, Thiruvananthapuram, and Visakhapatnam, Vijayawada as well as from two international cities: Abu Dhabi and Dammam.
