SBI KAVACH Personal Loan Scheme Apply With 3 Months Loan Moratorium | SBI Personal Loan | SBI PAPL
State Bank of India (SBI) has launched new personal loan scheme i.e SBI kavach personal loan with 3 months loan Moratorium period on 11th June 2021.
This personal loan scheme has launched first time in india in view of current credit demand for borrowers during covid19.
SBI Chairman Dinesh Khara launched this scheme on 11th June 2021.
Borrowers can avail SBI kavach personal loan from 25,000 Rs to upto 500,000 Rs at the rate of interest of 8.50%.
SBI KAVACH Personal Loan Tenure is 60 Months including 3 months loan Moratorium period.
SBI KAVACH Personal Loan to be repaid in 57 EMIs, including interest charged during Moratorium.
SBI KAVACH Personal Loan can be availed For Covid treatment of self or family member who are found Covid Positive on or after 01.04.2021.
SBI KAVACH Personal Loan Eligibility:-
All Customers of the Bank such as Salaried, non-Salaried as well as Pensioners
SBI KAVACH Personal Loan can be disbursed immediately in few seconds in to the Salary/ Pension/ SB account of the customer.
SBI KAVACH Personal Loan Apply Online through SBI YONO app or branch. If you apply online through SBI YONO App then this Loan can be disburse in few seconds in your bank account like SBI YONO PAPL Loan.
SBI KAVACH Personal Loan is also available in SBI YONO app under SBI Pre Approved Personal Loan i.e SBI papl loan. In SBI YONO app you may also see this loan offer notification.
SBI KAVACH Personal Loan has zero processing fees, no collateral or no security required, no pre payment penalty & zero foreclosure charges.
SBI KAVACH Personal Loan can be repaid through Standing Instruction (SI) on the Salary/ Pension/ SB/CA account.
You can also visit SBI official website for more information here https://bank.sbi/web/personal-banking/sbi-kavach-personal-loan-scheme
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