SBI launches kavach personal loan for covid-19 patients. Under this scheme, you can get a loan up to Rs. 5 Lakhs for tenure up to 60 months at an interest rate starting from as low as 8.50% p.a.
|Minimum Loan Amount||Rs. 25,000|
|Maximum Loan Amount||Rs. 5 Lakhs|
|Rate of Interest||8.50% p.a.|
|Tenure||60 months (including 3 months moratorium)|
|Part-prepayment & Foreclosure Charges||Nil|
Interest rate for SBI suraksha kavach personal loan is at least 100 bps lower than similar unsecured products offered by the bank. At present this loan comes at an attractive interest rate of 8.50% p.a.
If you are wondering how to get SBI kavach personal loan, following are the criteria that have to be met to avail of this loan:
As this loan is available only to the existing customers of the bank, you just have to submit a COVID positive report, which should not be more than 30 days old. No collateral and other documents are required as the bank would already have the documents of existing customers.
If you want to get SBI kavach personal loan scheme apply online or offline. Following are the ways to apply for the loan:
You can get your SBI Kavach personal loan statement through any of the following ways:.
Ahead of festival season, Kotak Mahindra Bank has announced Rs 999 flat processing fee offer on Personal Loans. Customers can avail of instant approvals on personal loan applications up to Rs. 20 Lakhs at lowest interest rate starting at 10.25% p.a for maximum of 5 years.
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After you know how to avail SBI Kavach personal loan and have applied for the loan, you can check the status of your application by using your application reference number and following the below-mentioned steps:
If you want SBI kavach personal loan apply online through YONO mobile app or SBI’s website. You can also visit the nearest SBI branch to apply for the loan offline.
If you are wondering how to apply sbi kavach personal loan scheme, you can apply through any of the following ways:
Yes, the SBI Kavach personal loan comes with a moratorium period of 3 months, making it easier to repay the loan. Also, you can use SBI kavach personal loan calculator to check the total EMI outgo for the proposed loan before applying for the loan.
You can get a loan amount of Rs. 25,000 to Rs. 5 Lakhs, depending on your eligibility.
You can use the SBI Kavach Personal Loan EMI Calculator available on SBI’s website or our EMI Calculator to calculate the loan EMI.
As of now, there is no SBI Kavach personal loan last date to apply for the loan.