SBI Kavach Personal Loan

 

SBI Kavach Personal Loan - 

If you are struggling to get fund for COVID treatment, you can opt for SBI Kavach personal loan.


SBI Kavach Personal Loan

SBI Kavach Personal Loan with low-interest rate

Purpose

For Covid treatment of self or family member who is found Covid Positive on or after 01.04.2021

 

 

Who can avail the loan?

This scheme is for salaried as well as non-salaried customers along with pensioners and their family members who have been found Covid-19 positive on or after April 1, 2021.

 What is the minimum and maximum loan amount?

1.    The minimum loan amount given for SBI Kavach is Rs 25,000 and the maximum amount is Rs 5 lakh, as per eligibility.

2.    Loan will be over and above the existing loans if any.

What is the loan tenure?

1.     60 months (including moratorium of 3 months)

2.     Loan to be repaid in 57 EMIs, including interest charged during Moratorium.

What is the interest rate offered?

SBI is offering this loan to customers at 8.50% at present.

 

What documents are required to avail the loan?

Covid positive report of customers who are looking to avail this personal loan; no collateral is required to be submitted to avail the loan from the bank.

 

Where to apply for the loan?

SBI Branch; Pre-approved through YONO

What is the processing fee?

This loan can be availed with zero processing fee. The bank has also waived off the foreclosure charges and pre-payment penalty for customers.

In this blog, we have discussed about "SBI Kavach Personal Loan".

 

 





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