SBI’s big announcement for Corona patients, launched Kavach Personal Loan at affordable rates

SBI Corona special loan: To help people financially in the Corona epidemic, the country’s largest public sector bank SBI has today launched ‘Kavach Personal Loan’. Only corona patients can take advantage of this for the treatment of themselves and their families. This personal loan can be up to 5 lakhs and the interest rate will be just 8.5%.

Kavach Personal Loan was launched by Dinesh Khara, Head of SBI. This loan will range from 25 thousand to 5 lakh and the loan tenure can be of 5 years. The interest rate will be only 8.5 percent. It also includes a three-month moratorium. The bank will not take any action against you for not depositing the EMI during the moratorium period.

This loan will be collateral free

This loan will be collateral free. Meaning, the bank will not ask you to mortgage anything against this loan. This is the cheapest product in the category of personal loan. The bank said that under this scheme, if you first spend any money on corona treatment and take its reimbursement, then it will also be included. On this occasion, Dinesh Khara said that for the financial help of those who are getting affected by Corona, the beginning of this loan has been started.

Loan will be available for both salaried and non-salaried

This loan will be available for both salaried and non-salaried individuals. Banking expert Ashwini Rana told the TV9 Digital team that applications for such loans are made offline. This facility is currently not available online. Therefore, if someone wants to take this loan, then for this one has to go to the bank branch and contact.

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